The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-17
OF RAINS, CLOSED A QUAR-
TER LOWER
CORN ALSO CLOSED LOWER
July Oats 1-S@1-4c LOwer-PrOvis-
ions, on Light Receipts at the
Yards, Closed Unchanged
TO IL 1-2c Higher.
Closing

CHICAGO, May l6.-The grain market
ruled easier and rather quiet today, July
wheat closing 12c lower a result OF
rains; corn, sake and July oats 1sQ14c
lower; May corn dropped SIC, while pro-
visions showed a closing advance of so
7l2c in lard, l212c in pork, ribs being un-
charged.
Rains of more or less plentifulness over
the state of Kansas together with a
good drenching administered to the young
crops of Oklahoma and Texas was taken
in the wheat pit as iustifying q lower
level of prices and July at the opening
was offered literally. iA@ssc to 1a0Ssc
lower at n3s@7l@c. AT 7lc some buying
orders We're reached, and as cables were
steady, Northwest receipts moderate,
and there was an eXpectedly stiff de-
mand for July, July rallied to 7l43c dur
which raised that delivery to &c premium
over July at one time, was reported to
be due to the necessities of New York
shorts and lot to export sales, as had
caused a slight reaction and the remain
der of the day the market ruled dull and
at times entirely neglected. The close
was rather easy July nc lower at 7l1sQ
1hc. May closed with 14Qasc of it's pre-
MUM still held. Exporters reported
eight loads taken. Primary receipts
We're 3l5,090 bu. compared with $40 900 bu
last year, while seaboard clearances In
wheat and flour were equal to $4,000 bC.
Minneapolis and Duluth reported 1873
ears, against 1S9 last week and 255 a year
..
contract grade. Argentine shipments
last week, according to a board Of trade
cable, were ,14t,06C bu, compared with
$4,000 blu the previous week.
In corr the opening was firm and
higher, caused by falling off in the re-
CciptS, but tie lack of bull support, the
wheat easincss and reports of freer couu-
try offerings caused reaction and the
close was easy. The trade in May was
on larger scale than for some time.
The opening was unchanged at 5Sc. Sell
ing thought to be for Phillips caused a
quick drop to 55c. a rally of 11ac fol-
lowed, and then the decline was resumed
offered at 53c, but no sales took place,
and the close was 31ac lower at Sac.
July closed between 1880 at the opening.
end i4&c, and closed &Q12c down at 44240
447k. Receipts were A4 cars 40 of con-
tract grade Sixty four additional con-
tract corn were transferred to the public
stocks from private warehouses.
Oatseopeped steady but weakened later
pn the rains and heavy selling by bun
leaders in corn. Trade at first was
active, but became quiet later. July
sold between 2S5s02SHc, and closed Is6p
&c lower at 2Si4c. May sold between
Bic yesterdays best price,, and 29lc
closing Sac down at soc Receipts were
Ia cars. -'".-
Provisions were quiet ard steady on
light hog receipts. July pork sold be-
tween $14.75 and. $14971h, and closed 121Gc
higher at $l4.S2lac July lard between
$S.2l9 and S7.97l2, closing 5@1Ikc up 1T
81 .S5I7 .9712, and July ribs between 81 81
and $685.. with the close unchanged
SAolrow are; Wheat, 45 cars; corn, 80
cars; cats, alS5 cars; and 21,OOO head of
hogs.
-4ne leading rutures ranged as follows: