The Saint Paul globe., 1901-03-19
MAY FUTURE OPENED HALF A
CENT LOWER AND LOST FIVE
EIGHTHS MORE
NO ADVANCE AT LIVERPOOL
Germ and Oats Also Lost About One
Eighth Each-PrOVisiOns Were
Streng, Closing I-2c to
zoe Higher.

CHICAGO, ILL.,, March 1S-Wheat broke
sharply today under a deluge OF long
holdings, May closing with net decline
OF l1sc as result of the bearishness of
the days news. Corn and oats showed
considerable strength by comparison, the
former closing 1sQAc and the latter 1sc
lower Provisions at the close were 71z@
20c higher.
May wheat opened 3sG5sc lower at 771sc
TO 76fsc, with long interests endeavoring
TO rid themselves of holdings which sud
denly became worthless to them when
they summed up the situation early. Liv-
efpool failed to reflect Saturdays ad-
vance here. To this potent considera-
tlon were added heavy worlds shipments.
q big increase on passage and liberal
receipts at spring wheat points. To make
the situation more bearish, Nebraska re-
ported that the condition of wheat in that
state is IA per cent better than at the
same period year ago.
remnant. of the bull force rallied to
the support of the market, and succeeded
IN causing a rally to 771s6D774c follow
ing the opening. DeseI ton from their
already thlnned ranks soon rendered fur.
ther resistance useless, as outside aid
which haG been hoped for, failed to ma
terla!lze. The heavy primary receipts,
small seaboard clearances and d.sappoint-
!IsIy hght Visible decrease, together Nth
the lack or export inquiry, We're influ-
eneeS Which struck the market after it
had declined half cent. Under this
pressure May slumped to 76c. 1t took
al Iot6HOOn accomplish this decline
Inc trade had been excited and large
Al the bottom the pit became ut!iet
ShortS took profits and the market rail-
hea 10 '632c, but closed heavy, 1sc lower
al to9sc. Exporters reported only 2 loads
taken Seabuard cfeacances in wheat and
no1r We're equal to PSI 900 -bu, while pri-
< mary receipts We're S9S zoo kti. COMPARED
Win . s23.et0 bu last year. Minneapolis
gaild gSHi Duluth reported 109 cars, against SO
last week and S9S a year ago. Local re-
scelFts We're SO cars. 4 OF contract grade
IVY orid.s shipments, according TO board
OF trade adYices, We're 1855 coo bu, a mod
crate increase over the previous week 6
Shipments The amount eff wheat and
HOUR on ocean passage increased 1.2a4 0f0
Du The visible decreased 10000 bu Ok
lanoma reported damage from INSULT
Client moisture
Corn enjoyed fair attention. dispIayinc
nfmness conspicuous in compariso1
with the weakness in the neiehborine
wheat pit, The opening was easy in
s.aI eg 1iI'1atny WIN wheat and because of lib
erdl receipts OF contract corn. There was
eood volume of trade, which seemed TO
ne nicely divided. but the market gradIl-
any an worked off fractionalIy in sympathy
WIN wheat a fair cash demand ard
spI1ied support from a local operator
caught the market later and caused a
recovery OF most of the early loss Nav
-s9id between. 411sc and A1sa41Hc, and
atIracted' considerable attention and
ruled 3 over May. Receipts were 2q3
cars 102 of contract grade.
oats were moderately active and steady
in sympathy with corn, and on fair
cash demand. Trade was light and feat
sdfd uIeIess. Receipts were Ia cars. May
sold between 25Ac and &c, and closed
1sc lower at 25sc.
Pieylsions showed some easiness early
on the liberal run of hogs at The local
yards, but a good cash demand an5 fba
faet that receipts at the chief western
markets showed a falling off from last
q roll Ia,
was firm: There was fair amount of
nquldation early and a smaller amount
OF 1t during the afternoon. but this was
about all the pressure the market had TO
wvlthstand, bears still being rather tir1lii,
May pork sold between S15 .G5 ana S15. so
ana closed Zoe higher at 81. 80: Nav lard
between 81 :6715@7. 70 and $7.77b, closing
up at %;7lla: ana May ribs between
improved at S7.55 ~
The estimated receipts for tomorrow
n a.. e: w neat d5O cars; corn, $40 cars; oats,
.269 cars. and 25Oo0 head of hogs. -
The leading flIf,1rac = -,