The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-02
FREAK IN MAY CORN AFFECTS ALL
BOARD OF TRADE GRAIN
DEALING
WHEAT DECLINED 1 ga CENTS
Corn n Cent Lower and Oats Three
Characterization Closed IL
TO 10 Cents Higher-NO
Market Today.

CHICAGO, April MAY corn broke
UhaeE nIgu 1if by longs today and
withdrawn, other grains weakened. May
wheat naturally inclined to lower prices
on the bearish summary of the DAYS
news, closed at decline of lac, while
May OTIS broke 5s@%c. Provisions at
the close were 71k@l0c higher.
The advancing tendency of the corn
market which has been shown in an ag-
gressive manner during the past few
Gays received sharp check, but broke
only arter desperate resistance Nav
opened with sellers all the wav from
4472 TO Al, the influences, aside from the
desire Tor profits, being favorable wealth
er. liberal receipts including good proper
ton OF contract corn, and Indifferent
cables and support by the bull leaders
ana country buying held the market all
forenoon against the liquidating pressure.
May reacted from A to Az and held
close under that figure until noon. Then
offerings were .redoubled and under this
weak, 1q11sc under Saturday at 1910
grade.
The withdrawal of the corn support
which has been the mainstay of wheat
DuHs Tor some time, had a serious effect
on that naturally bearish market. May
wheat opened Sc to 1kc lower; at 75s4c
cables. decidedly bearish worlds statis-
tics, liberal receipts, good weather and
glowing reports of crop conditions Buy
ing by corn bull caused an early rally
70 15Bc. For time the market ruled
stagnant but steady The visible in
crease, despite heavy exports and the
still greater influence of the corn break
at last brought out long wheat and set
the bear forces to work with renewed en-
thusiasm. Stop-loss orders were reached
on-th decline and the combined pressure
Ioreed the market during the afternoon
70 44a4c. The close was weak. May I%c
lower at 14asc Local receipts were 81
ears, four of contract grade, while Min
neapol1S and Duluth reported 1876 cars,
against 621 last week and 500 a year ago
Urinary receipts were S45, coo bushels
compared with $4,000 bushels last year.
Seaboard clearances in wheat and flour
were equal to So, 900 bushels. Worlds
shipments last week were S,575, 900 bushels
against 1850, eco bushels the previous week
and 7,25S COO bushels a year ago, while the
amount of wheat and flour on ocean
passage showed an increase of 2,27O,0G0
bushels The visible increase $50, GEO.
Oats were active but erratic, and in the
end bowed to the corn influence May
opened 1sc to Ac lower at z6Ac to 261sc,
count rallied early to 271sc. Heavy profit
qaklng caused reaction to E65sc during
the forenoon Later in sympathy with
the corn weakness the selling became
general and May dropped to 254sc and
closed 9s4Ac lower at 255s Q25%c. Re
ceiptS were 194 cars
Provisions remained firm in the face
or weakness in neighboring pits. Light
hog receipts, higher prices at the yards
and the continued good demand for the
cash article were the sustaining factors.
May pork sold between s15.5z1a and $l5.6211s
and closed 10c lower over SATURDAY. at
$l5.6212; May lard between $50 and $S271a,
with the close nc up at $50.
rhe estimated receipts tomorrow are:
wheat, 125 cars; corn. 275 cars; oats, 355
cars, and 1900 head cf hogs.
There will be no session of the board of
trade tomorrow; city election
the leading futures ranged as follows: