The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-29
THE DEMAND FOR THAT CEREAL
SENT PRICE OFF MAY
UP I 3-Sc
CORN WAS QUIET, BUT FIRM
Oats Changed Hands Freely, Closing
3-S@1-2c NEUTRALITY-SUSPICIOUS. Dull,
Close Ranging From II 1-2c
Higher to Shade Lower.

CHICAGO, April 27.-There was a
broad, strong market for wheat today
and the May option closed 1850 over yes
terday. Corn, which closed unchanged
to 1sQAc higher, was rather quiet, but
the oats market showed considerable
activity, closing as012c higher. Provi-
sions were dull, closing 121zc higher, to a
shade lower.
The market for wheat was the broadest
in weeks. May opened 14@15c higher, at
73M@731ac, and, with material reverses,
advanced to 741sc and closed 1870 higher,
at 743sc. The news was ell bullish. Liv-
erpool cabled a good advance, and the
spot market showed renewed strength,
while receipts were moderate. Bro ON
hall reported that the weeks sales to
the continent aggregated 100000 bu,
100000 blu of it to Hamburg. Export
ers reported AZ loads taken for the for
eign account while cash sales here of
bu.~ Texas sent further reports of dam
ages, claiming that in portions of the
state the crop was a total loss. Other
Southwestern points noted the incur
sion of insects, notably Oklahoma At
the opening large quantities of wheat
We're for sale, but this condition speedi-
~ disappeared and thereafter it was
found necessary to increase bids in order
to fill buying orders Seaboard clear
ances in wheat and flour were equal to
49, bu, while primary receipts were
$4,000 blu, compared with 5000 blu last
year. Minneapolis and Duluth reported
253 cars, against 266 last week and 422 a
year ago. Local receipts were Sc cars,
1 of contract grade
For the consideration of the corn trade
there were reports of freer country ac-
ceptances. 1t was said that country
holders, who for months have eVinced a
disposition to hold, suddenly had become
willing to dispose of their corn The
effect of this was to create bearish sen
tlment in the pit, and for a few minutes
Phillips, the bull leader did some ac-
tive bidding to support the market he
was aided by an improvement in the
cash situation, and during the rema nder
OF the session the market held steady
Business was comparatively hght. Nav
corn sold between 477sc and 4SMc, AID
closed unchanged, at 1880; July ranged
between 453sc and 457s@46c, closing :e0
i Ac higher, at 45%c. Receipts were ia
cars. of contract grade
Independent strength characterized the
oats market. strong spot market and
delayed farm work were factors EIe-
vator interests, replacing yssteedav's
heavy cash sales, were leading buyers
at the start This demand was supple
mented later by general demand and
covering by pit shorts May sold be-
tween 262sc and &c and closed $,1'kc
higher, at 26B@27c. Receipts were 242
cars.
Provisions were dull Buying of rcr4s
py packers advanced that product ard
neId the rest Of the list against the easier
tendency engendered by a drop in hog
prices. July pork closed 121bc higher. at
$l467@; July lard, UNCHANGED at 81 G5m
Soazz. and July ribs shade down. at
$f.95@T.9712.
The estimated receipts for Monday are.
wheat, DO cars; corn, so cars oats EGO
cars, and &c. 600 head of hogs
The leading futures ranged as follows:
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