The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-01
BROKERS FALL OVER EACH OTHER
TRYING TO buy THE
MAY CORN
PRICE ADVANCED 5-S AND SAC
Oats Also Active and HigheF-Wheat
Neglected, Closing an Eighth
Depressed - Provisions
II lee to 3Oc Up.

CHICAGO. March 30.-Carried upward
by the buHlshness of almost the entire
West, the corn today continued on It's
record breaking career The volume of
business was larger than any previous
day this week. May closed 9sQ%4c over
yesterday. Oats were also cOnspIcuouSly
active, May closing with a net advance
of 3sc. w heat ruled duh, and at the
close was sc lower. Provisions adj
Vanced 1Z12GGz0c.
Trade in corn for May delivery became
active at the tap of the opening gong.
Within half an hour it had assumed vast
proportions Half of the wheat traders
had deserted to it and many traders were
crowded out of bounds at times. George
H. Phillips, generally admitted to be the
bull leader, took profits on a scale APP
preaching his operations of yesterday,
yet so excited was the trade that he was
no more conspicuous than many others.
let in the face of his sales and that
of certain conservative longs, the mar
ket swept upward irreSistlb!y. May
opened AG9sc higher at AIS to 4414c,
and touched Ale. ne buying craze was
on, however, and it struck this slight
and sold in such quantities and with
such rapidIty ny the whole that in
diYidUal trades were lost to view. The
market bounded to 44Ac in the next
price record for the seasons trade in
May options The remainder of the sea-
son it was give and take between
the big demand. and offerings from en-
riched longs. May was forced back to
Also, but held strong and closed 5sg34c
over yesterday at 4412Q445sc Corn for
July delivery. meanwhile. dropped from
shade to sc discount under May through
changing operations. L he routine
corn news was bullish. Gables were
higher, country acceptances small and
the weather was decidedly unfavorable to
larger deliveries, Primary receipts were
$4,000 bushels compared with 5000 BUSH
els last year. Local fresh arrivals were
236 cars, thirty-siX of contract grade
M St 9th
second to corn. This market, ordinarily
neglected. made the wheat pit look dis
NAL There was heavy buying for the
Dull leaders in corn, presumably on the
theory that oats were cheap compared
with corn. The recent heavy cash bust
ness and reports Of diminishing stocks
were contributOry factors, although to-
days advance cut shipping sales down
to about leo, 600 bushels. Some of the
old bull crowd who have been carrying
load of oats for weeks in the face Of
stagnant business, took advantage of the
ADVANCE to ease the pressure of their
leads. May opened at 257s626c. touched
Eo%c, and later rallied to 265sc, closing
9sc higher at z6asc. Receipts We're 2A
Those who remained faithful to the
wheat pit were bearish, and had it not
0een for for the corn strength, it is highly
probable the market would have declined.
Trade was light and the range narrow,
May opened Is to 1s01zc lower at 761kc to
t61sc, and sold off to 76c on heavy Aus
er. In sympathy with corn, a reaction
to 1880, but despite late assurances of
export inquiry the market eased off and
closed &c under yesterday at 76Ac Pri-
mary receipts were $4,000 bushels COM
pared with 100000 bushels last year, while
seaboard clearances in wheat and flour
were equal to 659 900 bushels. Local re-
ceipts We're IL cars. of contract grade
Minneapolis and Duluth reported 1888
cars, against 4S3 last week and 437 a year
ago. Australian shipments were 1864, 600
YscA1i n+n6 hat 4
shipments would be 100000
Light hog receipts, the corn strength
and an advance in prices at the stock
yards were reflected in higher prices for
provisions. Pork was compare lively dull
but there was good speculative demand
for lard and ribs, while the cash situation
continued highly satisfactory to holders
May pork sold between $15.35 and S15 621S
and closed 20c over yesterday at SIS. 50;
May lard between $50 and S. 221b. closing
l2l%@15c higher at $S.221a, and May ribs
between $S.05 and $S.15h, with the close
12lbc improved at $8.121%
The estimated receipts for Monday
were: Wheat. so cars: corn. 1G5 cars; oats
200 cars and 2S.090 head of hogs
The leading futures ranged as follows:
lOpen- High Low ing.
GOD