The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-28
Minneapolis and Duluth a eGs S1 matt.t,
CHICAGO CHANGE.

CHICAGO, March 27.-Grains expert
enced another day of heavy trading, and
for a time sold at good advances. Fair
weather, however, dissipated fears OF
crop damage, and corn shorts had COM
| tortmg assurance against the gossip OF
corner in July corn. May wheat clos
| ed 1ss4112c depressed; May corn, 14c low
er, and May oats 12c down. Provisions
again acted independently strong ana
closed a 5QI12c to soc higher.
traders who ran to cover yesterday on
| the reports of crop damage in winter
wheat had their fears allayed soon after
the opening hour. Cables were higher
on the damage reports and there was a
TAR number of buying orders. Small
Northwestern receipts also were bullish
in their influence. But only so long as
corn held firm did wheat keep its open
ing strength. Rains were reported over
the whole wheat belt and the tempera-
ture was mild. Statisticians reported the
growing crop as good as, if not better
tnan, at first expected. Corn had been
expected to take a decided up turn but
was soon being sold literally and weak
ened This gave the weather an Opportu-
nlty TO be felt to its full extent, and
wheat staggered downward Liquidation
and Stop-lOsS orders added to the control
and bears took control.
May wheat opened 3sdkc higher at
a340I3c. and held there for some time
The depression took May to nAc and
IN spite of liberal covering of short ac-
counts late in the day, the close was very
weak May, 19sQ112c depressed at 1850
very good character, but the heavy selling
which broke prices was BY more prominent
professionals. Crop damage reports con-
tlnued to arrive, but were oyerbaIanced
by other reports which made bears
hopetul. Some of the weakness was due
TO closing up deals over tomorrow's hol-
iday 0'
Local receipts were 10 cars. none of con-
tract grade; Minneapolis and Duluth re-
ported Z36 cars making a total for the
Ihfee points OF 255 cars, against 366 last
week ana 4So year ago. Argentine ship
menlS were $40 600 bu, compared to 3S4 80
Du last week and ], sos. 900 bu last year.
Urinary receipts were 346 COO bu against
oII,Ooo ou year ago. Seaboard clear
ances In wheat and flour were 373 Goa bu
Inc seaboard reported nothing taken for
export: This point sold seven loads.
considerable strength was manifested
az day IN corn, despite the marked weak
ness that developed in wheat There
was also persistent selling Of corn bv
Dig traders-especiaIly by the crowd that
was supposed to be cOrnering July on
tons. The heavy selling for Drotits
eased prices somewhat and gave wbaST
chance to break. The wheat pit in turn
aHected corn and May corn, after self
aIS as high as 6O9sc early in the day. lost
all its gain and dropped to 59IbM5qILc Tbc
weather had something of a bearish ef
rect put In spite of heavy pressure
Drought to bear on this market NAV clos
| So,,r otmy easy. &c lower at 59A@59asc.
Oountry oHerlngs We're moderate tie
| celpts were light at l08 cars
| oats mad some strength at the OPEN
| ing under the influence Of corn They
| soon broke away from this lead how;
| ever and on liberal offerings turned easv
mere was a good early demand in IuIy
| when was easily accommodated and Nav
| opuons, which were quiet declined in
| sympathy. The late weakness in wheat
| ana the loss of the early corn advance
| helPed depress oats, late reports of earIv
| seeulng and plants starting well had 2n
\ a6ded bearish influence. Nav sold from
! 4o94zAc, and closed &c off at 1910 Re-
| celptS were IS cars
| provisions showed marked STRENGTH
uue; II Is said, to active Discrimination NV
| hackers to bring prices to higher level
! III the purpose Of unloading their nrod-
| uucts' mere was another large short
| ilile covered and generally heavy TRADING
| resulted. Hogs prices were better re7
| ccIpts OF hogs light. and a private asti-
! mate OF Chicago stocks showed q de-
| ~ ease III lard and an unchanged sitIa-
IIon III pork and ribs. This. taken in
| we" or the recent heavy runs OF hogs
gnu tue better prices. was considered
I puillsh. Offerings We're principally bv
io,iSS' VINO took profits
May pork opened 10d20c IN at sic o-a
!!o.oo' gained steadily for a time and fber
Jumped late to $3.50, where it closed [arv
StL9ilS' 90c above yesterdays close Ma
Id ii closed lO0l212c higher a S. 821b. Ma
rIT rs 9u'5ec up. at IS. S71a6S. 90
ne gSllmated receipts for tomorrow
~ w neat: ~ cars; corn 105 cars: oats
IL ears and 3l.OC0 head Of hogs
,Trqldl sales for the day, 464 go sbaras
= 1-o Ieaalng futures ranged as follows