The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-17
EARLY ADVANCE WAS LOST ON
PROFFT-TAKING, MAKING
I-4c NET LOSS
CORN AND OATS MARKED UP
Showed 3-Sc Advance Apiece at the
Finish-PrOvisions Were Weak,
Losing 10 to II I-2c From
Mondays Prices.

CHICAGO. April 16.-Grain markets all
advanced today, but wheat broke toward
lower, while oats and corn held, closing
sc higher for the former 12c improved.
Provisions closed easy, 10@1211c lower.
During the first two hours the wheat
maintained a seasenable perfection and
receipts were liberal. But, on the other
hand, there was collection of considera-
lions more potent, at least, early, when
the market advanced &c. Liverpool
showed appreciation of the advance here
yesterday, and with this in mind, open
ing bids were from ASc to Ac improved
for. May, which hanged hands from
market to 1C34c few minutes later. The
strength of the coarseF grains made itself
felt at this juncture, however, and the
bears hurriedly covered impelled by a
report frcm Oklahoma that the crop of
that territory had been damaged 25 per
cent by fly; liberal seaboard clearances,
heavy visible decrease ard prediction
of frost for Kansas. May rallied and ad-
Vanced slowly to 711ac during the fore
noon. When covering ceased and longs
attempted to secure profits, the price
dropped sharply to 7G3s@70]2c. The close
found May &c under yesterday at 7O12c
Exporters reported forty-tWo loads
taken. SeaboaFd clearanceS in wheat and
flour were equal to sos, 600 Blu, while pr1-
mary receipts were 91S,0G0 bu, compared
with coo bu a year ago. Local re-
ceipts were 1874 cars, none OF CONTRACT
grade. Minneapolis and Duluth reported
300 cars, against III last week, and 27i
the corresponding day of 1900 Brad
street visible statement showed & de-
crease Of 3,112, 006 bu.
Moderate activity and a considerable
degree Of strength characterized the
corn market. The weather, which was
so bearish in wheat, was the contrary
from the corn traders standpoint, as it
blocks the movement, which is very
small anyway, and makes the ground I'M
favorable for the seed. The opening
was about unchanged. although at that
time the bull leader sold liberal Omit
ties of both July and May, the former
being at "A discount. He bought later
and the crowd followed. The advance
brought out some long stuff, but prices
held firm. May sold between 1910 and
4415c and closed 1ac higher at 4414c. Re-
ceiptS were ISL cars, 43 of contract grade.
Oats were active and strong. The
weather was bullish factor. while buy
ing. against heavy cash sales was es,
pecially stimulating. Bull leaders and
shorts joined in the buying. May sold
between 25A and 257xc, and closed &c
higher at 25lke, having reacted from the
top on profit taking. Receipts were 2S3
cars.
Provisions were quiet and easier, in
fucnced by increasing hog receipts and
lower prices for them July pork sold
between $l4. 37ib014. 40 and S14 %, and clos
$S.10 and $S.021a, closing PIG dotln at
s. G211sllS .O5, and May ribs between a.YB
and 81 9215. with the close 10c- depressed
at $7.921@.
Tie estimated receipts for tomorrow
are: Wheat, 45 cars; corn, 105 cars; oats !,
40 cars, and 32e0O head of hogs.
The leading futures ranged as follows: