The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-20
minneapolis and Duluth asat S1 %stt..,

er at 747sc to 742c, advanced on fair
commission trade to 751sc.
The outsider, however, did not buy IN
large enough volume to support such
market, especially in view of the bearish
feeling prevalent in the Southwest Rain
predictions for some of the suffering
country gradually had its effect, and the
whole crowd changed front. Wheat broke,
the crowd sold, coarse grains began TO
slip downward and prominent longs in
wheat looSened their grip and dropped
good deal of their holdings. Early there
had been much difference in the minds
of traders regarding the probable course
of the market, but as the market turn
ed weak, there was general hammerlng
at prices, and May dropped to 737sc. There
was a fair export business reported to-
day, but exporters report the situation
at the seaboard generally discouraginS.
Cash business also showed considerable
Improvement, No. hard winter being IN
active demand. This, however, failed to
help the market to any extent and May
closed weak. &c lower al 74lsc
As one trader characterized the market
today, wheat holders have become urcd
because the country sends most alarming
reports about killed wheat over a half
dozen states and yet sends in no buy
ing orders. Local receipts We're Is cars,
none of contract grade; Minneapolis and
Duluth received 262 cars, or 200 FOR the
three points, against S0l last week and
339 a year ago. Primary receipts We're
395, 600 bu. compared TO 5s5,VW bu last yt ar
Seaboard clearances in wheat and 1our
were large al $4,000 bu. The seaboard re-
ported &c loads taken for export.
Corn was bearish to start with on Tie
growing bearish sentiment Southwest
and the good weather i'll the country.
Although receipts today were small and
estimates for tomorrow are smaller the
crowd was inclined to the belief that the
better weather could not but start early
grazing and thereby induce freer move
ment in a short time St Louis reported
Peoria Offering cash stuff IN that market,
the general grade was light and the gen
eral bearish conditions induced consider
able selling 1t was said that long
line of May was sold out through book
ers. Most Of the day corn ana Wneit
reacted upon each other Toward the
close, as wheat became somewhat demOr-
allied corn broke in sympathy. May
opened slightly lower and dropped to
607sc. There was a weak recovery late,
but May closed weak, 9sdAc lower at
6lAM6lAc. Receipts were 81 cars.
Oats were fairly steady In the face or
weakness Of other grains until the sharp
break that carried them all down. me
situation had changed little, and thcre
was still that inclination to stay out o.
oats by traders who expect something
to happen soon in May that VIII auect
other options. May was subjected to some
selling, and although the opening was
unchanged and prices did not nuctudte
for a long time, there was an eNeH.uai
drop to 43$sc May closed weak, 4ic lower
at 435sc Receipts were only As cars.
Provisions for a few moments early IN
the day were inclined to be easy. The
hog run tailed exactly with the estl-
mate. but hogs were stil firm, ana as
n good cash demand for provisions sprahg
10 pit prices advanced. Scalpers sold all
products, but the offerings were well
taken. Trade was not large nor vas
there any important feature unless 1t
was the marked firmness shown IN me
face OF the bad break in grains All May
options closed SC higher, May pork at
$i5. 421a; May lard at $40, and May ribs
at $S.45.
The estimated receipts for tomorrow
are. Wheat q cars: corn, 60 cars; oats
II cars and 24.000 head Of hogs
The leading futures ranged as follows: