The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-30
No JOKE FOR TIE SHORTS
PRICE or MAY CORN MAKES A
NEZY RECORD EVERY
DAY Now
CLOSED YESTERDAY At 45 7-Se
Cats Also Strong, Showing Net
Gain Of 5-Sc-yyheat Dali but
FirAi-ProvisiOn Prices
Held Up by Corn.
CLOSED YESTERDAY At 4S 7-s'

CHICAGO March "a strong upturn
In corn ana the surprising activity of
the oats markets were the features of
speculative trade on change today. May
corn attained a new high price mark and
Closed with net advance Of 1c, while
oats showed gain Of sc. Wheat was
au!l, but responded to the corn strength
py closing gain of 14G$sc. Provisions
like lower.
The corn pit was overlooking with trad
trs at the opening. and their eyes were
fastened on George Phillips, WAC was
believed to nave control OF the market
OF TO be very close to commanding posi-
Ion. Llghl country offerings, despite
celpts and the diminishing proportion of
contract grade were influences which
Kept the bu1lsh blood circulating. Phil
hps, whose lire of long stuff is va
2 I!ously estimated in the millions met the
tide OF buying orders (and these came
from nearly all quarters with Offering
al nlty and hundred-thouSand lets Omen
Ing sales were unchanged to &c higher at
as to 43c, and during the .first fifteen
1tdnuteS the market climbed to 43Ac The
Philllps' selling carried in it's wake other
holdings OF smaller volume So broad
was the demand, however that the in
tense pressure succeeded in forcing the
market back only to 42%c. Here Phillips
ceased his liquidation. In accounting
Ter Phillips move, it was said he had
hten Selling most of his stuff to brokers
VINO were really his agents, and that he
mad attempted to shake out weak longs
and lend confidence to the bears TO Sc
cure drmer hold on the market An
other rumor had it that st. Louis inter-
eStS who We're heavy buyers were max
lng an attempt TO Wrest the young opera
Tor throne III the corn pit from him.
However true or false these reports may
have been, Phillips became a buyer be-
fCre the noon hour. This so alarmed
SEorts that the market speedily reacted
assisted the while by the buying of out
1Cn
rampant all day The advance failed to
st5rlI1gg much corn on the market. Hay
:.;Ievatlcetisto Ale; during the afternoon and
he eioseswas baoyant, 1 cent over yester-
'tiay. at 4S7sc. July generally ruled a
shade under May Cash bids were gen.
!. orally out of line with the bulge. To-
tai receipts numbered I'll cars, Is OF con-
tract grade. Cables were firm.
Oats broke from their usual narrow
path as the neglected speculative wall
dover and exhibited surprising strength
and animation. The recent marked i'm
provement in the cash situation cons
hlned with the corn strength were the
factors. May sold early at 251s0254c,
advanced later to 25a4@257sc on covering
Receipts were 211 cars. Today's shipping
sales were put at 100000 bushels, while
business of this character yesterday was
reported at SEQ eco bushels
Wheat was duh and neglected in ia
vor of the greater attractions in neigh
boring pits. Trade was professional in
character the greater part or the SeS-
sion and the tone-eaSy on the whole in
consequence of liberal receipts, good
crop prospects and the favorably wealth
err May sold between 7524e and 76c dur
ing the forenoon and later rallied to 764c
on export sales at the seaboard and in
So mpathy with corn. The close found
the market at 76Ac, net gain of AQ$sc.
Shorts did most Of the buying EX-
porters reported IS loads taken. Sea-
board cleaTanceS in wheat and flour were
equal to SAG coo bushels, while primary re-
ceipts aggregated $4,000 bushels, com
pared with 4S4,G00 last year. Minneapolis
and Duluth reported 37S cars, against 4S3
last week and 1876 a year ago. Local
receipts were 63 cars, none of contract
grade The boards cable made Argen-
tine shipments 1,S68.0 900 bushels, half a
million less than the previous week $
and nearly 100000 bushels under last
years.
Provisions started out heavy, because
Western receipts were in excess of the
number at hand the corresponding day a
year ago, and because prices at the stock
yards were somewhat easier. The
strength in corn came to the help of the
market later and caused a recovery, ex-
cept in pork, which failed to recover COM
pletely May pork sold between Sl5. 4212
and $l495 and closed 171zc down at $3.50;
MAY lard between sSGS.021a and $50,
closing 5G171Ac higher at $S.0715@9.1e and
Nav ribs between T.S5 and $S.O212y with
the close 712c up at s..
The estimated receipts for tomorrow
Pre: Wheat, 75' cars; corn, 25e cars; oats,
I26 ears. and $4,000 head of hogs.