The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-19
MAY OPTION AT CHICAGO MADE A
..s NET GAIN OF THREE
EIGHTHS
CORN AND OATS DROPPED
Former Lost Lie to 3-Sc and Latter
I-4c-PrOvisiOns Were Neglect
ed, with the Close I'm
changed to SC Down.

CHICAGO, April 1S.-Today's grain
trade was largely local and price huctua-
tions were not wide. Besides export sup
port. wheat derived some help from the
weather, but this latter factor was
bearish item when applied to corn and
oats. May wheat closed A@9sc higher;
May corn, AQssc lower, and May oats
Ac lown Provision closed unchanged to
&c depressed.
Allegations of frost in Kansas and other
portions of the Southwest stimulated
the wheat market at the start, although
1t was recognized that frost is not good
medicine for insects, which seem to be
about the only present blot on the gen
orally rosy crop outlook. The change IN
temperature, however, combined with
steady cables and small Northwest re-
ceipts, was enough to alarm nervous
shorts. This interest and some outsiders
bought at the opening, when May sold
from Tic to 711sc, an advance of Ac to
CSC over yesterdays close. This buying
was short-lived. and May during the
first hour reacted to 7024c, trade for a
time being almost at a StandStiu Liberal
primary receipts and small clearances en-
couraged some short selling, but reports
of fly damage. which had begun to ar
rive held the market steady. When 1t
was reported that exporters had taken
eighty loads. probably half Of it for
Germany, shorts rushed to cover, ad-
Vancing the price of May to 713sc. Profit
taking sales caused a reaction from TINS
to 767sc but the surprisingly large guam
tity taken for foreign shipment had given
sentiment a bullish turn, and the close
was firm, May, AQ3sc higher at 71@711sc.
It was reported that 900 blu had been
sold for export here, but the rumors could
not be confirmed. Seaboard clearanceS In
wheat and flour were equal to 90, 900 bu,
while primary receipts aggregated $751;
600 bu, compared with 352, coo bu last year.
Minneapolis and Duluth reported A5 cars,
against 30 last week and 257 q year ago.
Local receipts were Il cars, none of con-
tract grade.
Tana No1-lra OTnfa OF NJ
fair. Bull leaders gave it some support,
but apparently did not care to have it
advance at present to level where it
would be an object to retail corn-laden
boats in the harbor to deliver their car
goes on May contracts. Yesterdays lib
eral cash sales and light receipts, with
practically no movement from first
hands, tended to hold prices firm early.
The weather, however, seemed to be more
favorable, inducing some selling by room
traders late in the session, under which
prices receded. May sold between 445s@
43&c, and closed A0$sc lower at 437sQ44c
July at the close was 14@$sc under the
May level Receipts were 81 cars, 20 of
contract grade.
Selling May and buying July with the
latter 12c premium, was the feature Of
quiet session in the oats market. The
opening was firm, but prices eased off
later on improved seeding weather and in
ceiptS were 145 cars. May sold between
gao
Provisions had another dull day. The
cash situation was easier and pork and
lard sold off a trif1e in consequence, but
ribs held steady. The range was mar
row. May pork closed sc lower at $14.271 +;
May lard PIC down at $7.9712, and May
ribs unchanged at $780,
The estimated receipts for tomorrow
are: Wheat, IS cars; corn, 140 cars; oats.
40 cars. and 22.0eO head of hogs
The leading futures ranged as follows:
lOpen. High !. Low. lCIose.