The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-26
BULLS IN THE CORN PIT HAD
THINGS THEIR OWN WAY-AD-
VANCE OF 5-S@3-4c
WHEAT WAS NOT so STRONG
Shows II Net Loss of IA TO 3-Sc-Oats
Dull and Observation-Disclosures
Duu but Strong, Closing
IL I-2 to SOC Higher.

CHICAGO, March 25.-Corn took up
the leadership on the board of trade to-
day, and not only closed 9sGD%c higher,
but formed the chief support of the
other grains. Wheat, however, closed
A45sc lower and oats unchanged. Pro-
visions showed a closing rally of bye
to Soc.
Corn SPECTATORS came into the pit in
a bulliSh frame of mind and at once
began the strenuous activity which made
the coarse cereal the feature of specula-
tive trade. May opened &c higher at
4l12c to 46c, and advanced early to 42c,
with better light opposition. New ground
being broken. bears offered what looked
like the whole crop, but the ranks Of
bull professionals alarmed shorts and
gOodly force Of out-of-toWn traders
absorbed everything with an easy non
chalence which soon had the effect OF
again reducing the opposing pressure.
climbed to 42Sa6D4212c, and closed strong,
5s0Ac over yesterday. at 4238c. The mar.
ket's strength lay in light country offer
1ngS. unsettled weather light receipts
and in the belief that only small stocks
are now held at country railway sta
tons, while farmers are already too busy
with spring work to haul more corn to
the cars. The visible increase of $4,000
bu was too small an addition to the mod
crate stocks to check bull enthusiasm
Primary receipts were 527, 900 blu, against
1,15S, Geo bu a year ago Local cars were
2S9.
Wheat opened firm on higher cables
and moderate worlds Shipments and
was sparingly offered during the first
hour. A strong contingent Of local trad
ers of optimistic temperament ATTEMPTED
TO create. g feeling of strength but lib
eral gecelpEs and lack of vigOr in the ex-
port demand were factors against them
and May, having opened k0Ac to SC
Al9hert at 76zsQ761sQ7614c, sagged during
the forenoon to 75$46D755sc. The corn
SIrengtn and seaboard clearances. caused
covering under which May later rallied
TO t6l4C, but plenty was for sale on the
rally, and May again sagged off to
f5AQI51sc, and closed easy H03sc lower
at i3tsc. Ihe market as a whole was dull
and local The visible decrease was only
4V9'UuU pu, which was not encouraging
from Dull standpoint. Exporters re-
ported fifteen loads taken, 1900 bu being
sold here. Seaboard clearances were
SO6,OW pu, while primary receipts ag-
gregated $4,000 hu, compared with GIL O06
pu last year Minneapolis and Duluth
reported 621 cars, against 7O9 last weel-
and 73l year ago. Local receipts were
~ cars, three of contract grade. Worlds
shipments, according to board of trade
5l5 5ld 6@S We're T55O,O09 bu, compared with
t.9oS,OOO bu the previous week, and 1856.
GOO bu the corresponding week a year
ago Wheat and flour on ocean passage
increased GIG, COG blu.
Oats were so dull and heavv that oil
the corn strength could accomplish was
10 mold this neglected market stable NAV
SoId between 24IE6I25c and 251kc and clos
60 unchanged at 253kc. Receipts were
Provisions We're rather quiet, but had
a strong undertone throughout although
prices were slightly easier at the OPEN
ing under the influence of hog receipfs
Which were 4;OoO mead greater than had
peen expected. The corn strength,
good cash demand and good S1Tnort
from packers counteracted this, however
ana a rally from the recent decline re-
suited. There was a fair amount OF
buying OF May pork on the theory that
reaction was due Nav norit sold 'i hat
tween So. 30@15. Is, and closed zoe higbe.
at $3.50; Mary lard between 81 scar s52f
closing Pee III, at IS. and May ribs be-
1zAc improved at 81 971@. o'oS'e
Inc estimated receipts for tornorroS
Were; ,e= Wheat IS cars: corn 26G cars;
TSn Toa Gd1s, anu z5'eOC head of hogs.