The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-25
GRAIN PRICES GO HIGHER
--@
CHICAGO BROKERS OPTIMISTIC
OVER REPORTED CLOSE OF
THE TELEGRAPH WAR
MAY WHEAT GAINED 1-S-1-4C
Corn Gained 3-se and Oats 1-s-1-4c
Provisions Went Down. May
Pork 6Oc, Lard I-2c
and Ribs LIE.
MAY WHEAT GAINED 1-8-1-4C

CHICAGO, March 23-An agreement
whereby the dissemination of quoHtionS
will be crafty facilitatd, creating visions
of increased business, had a STIMULATING
effect on the grain market todaE. al
though business generally was quiet.
May wheat closed 1s@Ac, May corn sc
endured further liquidation and May park
71bc
Speculation was practically without
feature in wheat. May opened unchang-
ed to &c lower on good weather and lib
eral Northwestern receipts. Bears how
ever, We're weak hearted fearing to run
into an ambuScade. They were more in
clined, like the rest of the crowd to play
even over Sunday. When reports that
the quotation difficulty had been settled
were confirmed, shorts covered moGer-
ately and with additional assistance of
the corn strength, May gradually adj
Vanced to 76Ac and closed ;s@lc higher
at 76@Q76Ac. There was Moderate
July and May. 1t is believed the settle
nnent of the boards differences with the
telegraph companies would result in
much outside business which has bcen
turned from this market since the quyta-
tons have been shut off. report from
southwestern Kansas said wheat pros
poets In that section were excellent. even
better than year ago. when a bump
er crop was raised The weather in the
Northwest was said to be all that could
be desired. The Australian wheat crop
" etS OH1CIdIly SSllHaLeO at II,IS UU0 Du, or
2,552,OO0 bu more than the previous crop
Exporters reported 8 loads taken. Sea-
board clearances in wheat ard -four were
equal to $4,000 bu. Primary receipts ag-
gregated $4,000 bu, compared with 642GO1
bu last year. Minneapolis and Duluth
reported 1898 cars, against 376 cars last
week and 535 cars year ago. Local re-
ce1pts were 60 cars, none of contract
grade.
Corn opened firm and continued to gain
strength for an hour. Receipts were
moderate, and while the weather was fa-
Vorable Tor an early resumption of farm
work, the rain that was predicted as fol-
lowing the mildness of today, was ex-
pected to prevent the increase In the
proportion of contract corn. There was
a good outside as well as local trade and
the bulls were the more aggressive
Heavy cash sales yesterday which were
reported during the day had a strength
en1ng effect. Receipts were $40 cara. q
cars of contract grade. May sold be-
tween 41M@41Sse and 41%c and closed &c
higher at 415s@A%c
Oats were dull but firm in sympathy
with corn and on an improved shipping
demand which caused covering by shorts
May ranged between between 247k@ sc
and 25lsc and closed =s0Ac I'D at S51sc
Receipts were 100 cars
provisions were easier, but except in
pork the losses in price were not very
material May pork opened unchanged
at Sd6. and declined under liquidation to
$12' ~ closing soc under yesterday at
$I5:40 May lard closed PIC lower at
3fSlK and May ribs TIC down at s7S5
Inc estimated receipts for Monday are:
wheat 60 cars; corn, 24e cars; oats, 205
cars, and % 900 head Of hogs
Inc reading futures ranged as follows: