The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-05
PRICES DOWN ALL ROUND
CHICAGO BOARD OF TRADE WAS
QUIET ALMOST TO. POINT
OF DUILNESS
HAMMERED AT JULY CORN
Phillips Let Go Long Line-HeRvy
Hog Receipts Put Provisions
Down From n Shads
to 10 Cents.
HAMMERED AT JULY CORN
Closing.

CHICAGO, May 4-Quiet prevailed in
the pits on change today, prices ranging
at a lower level, mostly on general con-
ditions. July wheat closed Csc. July corn
&c, May corn 2ac and July oats &c low
err Provisions at the close were a shade
to 15e down.
Wheat prices assumed a weaker posi-
ton at the start, and the remainder of
the session chung to it as the degrees Of
sentiment were not sufficiently pro-
nOunced to lead to active trading. July
735sc; sold between 721hc and 727sc, and
closed sc lower, at 7224@727sc. At the
start local bears and longs sold liberia
ally, but the short interest was timid
bearing in mind the readiness with which
the market recently has responded TO n
couTagement. With the bears IN this
mood and longs having no tempting
profits In sight, traders evened up their
deals and left the market to take care
Of itself. The drop in prices was due
to weak cables, glowing crop reports
lack of outside interest in the market
and to sympathy with the corn decline.
A prediction of showers for tomorrow
was contributory factor. The Missouri
condition was reported to be SO, or one
point better than the April report, while
adViceS from the Northwest were of eX-
cellent promise. Confirmation of reports
that the German crop had been practi-
cally wiped out were received by mail.
Seaboard clearances In wheat and flour
were equal to 5000 bu while primary
receipts We're $1,000 blu. compared with
$4,000 bu last year MINNEAPOLIS and
Duluth reported 201 cars, against 26S last
week and SIS year ago Local receipts
were 81 cars, none of contract grade
July corn received a severe pounding
while the May deal was neglected gem
orally. In the way of legitimate news
weak cables were influential. but the
main factor in the decline of July was
heavy selling by the man who has cor
nered May corn. 1t was estimated that
he disposed of 100000 bu of July In
view of this and other selling the decline
was very moderate. The opening was at
t6A@iO%c. The price was shammered
down to 46c, where the pressure was
greatly reduced, and the close was
steady, &c lower at 1880. May opened
at 52i@c on selling of only 5O,ONA bu bv a
scaiplng long. Phillips bid the market
up TO 54l%c. and thew left 1t to itself, hav-
Ing gotten nothing for his pains The
close was 2i@c down, at Sc Receipts
were 2t2 cars 90 of contract grade
oats We're fairly active and firm. July
was sold literally. but fell into straro
local hands. Prices ranged between 1870
and 26l3c, and closed &c lower, at 263kc
Receipts We're 300 cars
Provisions were affected by the liberal
run of hogs and the drop in prices For
them at the stock yards Trade was dul1
and unimportant. July pork sold be-
tween SO and $3.50. and closed 15c low
er. at Sl4.@0: July lard closed a shade
lower. at $7.921hG7 %, and july ribs DC
denressed. at $3.50 -|Z0
The estimated receipts for Monday q, >.
wheat a cars; corn, $50 cars; oats 90
cars. and $4,000 head of hogs -
The leading futures ranged az fol1orr..