The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-23
Minneapolis and Duluth sGa S1 Sa1t.,,

before the early selling rush. quoted
down, May touched l2l5c. SnOIts here be-
gan taking some of their profits and the
market steadied, though there was still
a marked bearish feeling prevalent Then
corn, which was very weak to start with,
turned still weaker.
There was almost a panic in that pit
and the demOraiiZed condition of that
market was reflected in wheat. May
wheat dropped with thud to 71Esc Bears
were selling short in great quantities
and every holder Of long wheat lost
heavily. Stop loss orders also added
downward impetus. Late in the day New
York reported 1l3 loads taken for export.
There was also sale Of 10000 bu Of No.
, hard winter sold here for shipment.
For a time there was some buying by
prominent houses. but this only brought
q slight reaction. May continued weak
and closed l?6115c depressed at nc. This
price is the lowest for May since early
in October Local receipts were y cars.
none Of contract grade Mime apohs and
Duluth reported POI cars making q total
for the three points of 2S9 cars. against
80 cars last week and 4l3 cars i year
ago.
Primary receipts were AT eco bu. conf
pared TO $4,000 bu last year Austria
lian shipments were 90 hu, against
$4,000 bu last year. Seaboard clearances
in wheat and -four e,uaied go COO bu.
Corn took a headiong tumble at the
opening. Lower cables, warmer weather
and general country selling following
hard upon the wheat weakness resulted
in an opening for May nc TO &C lower
at $3.50 to 59Iac Nearly every house on
the floor had selling orders. StOp-l0ss
orders were soon reached and Nay
sageed to 59l4c before some fairly heavy
purchases supposed to be for heavy
short line steadied prices. But in corn.
as in other grains. there was always
more long stuff for sale than could be
absorbed May corn plunged down to
JSisc and hung very heavy, closing weak
21sc lower at that figure Receipts were
1874 cars. Trade was very large, more 50
than in several weeks.
From the start oats ruled weak. Ad-
vantage was taken OF the weakness IN
corn and wheat 10 hammer May options
and they suffered much. July and Sen
tember were weak with other grains, but
met with fair support. Trade at times
was heavy, but there were many dull
spots in the market. Receipts were large
and 40 per cent OF them were contract
grade. The warmer weather is doing
much TO encourage bears. May started
Ac to lAc lower at PIC TO 42c, and de
clined early 20 axe. There was some
. fair support a this low figure and May
reacted to 429sc but on the second corn
broke, oats harteued out and May clos d
weak. 112c lower at ilS+c. Receipts were
10 cars.
Provisions early developed a very
strong tone in the face Of slch deprcs-
sion as was experienced in grains Hogs
We're higher and receipts lighter. There
was good demand in all products and
offerings were very light at the advances
that were made. Toward the close how
ever wher the big break came in corn.
provisions lost some of their gains and
, closed only about steady May pork
whichhad sold as high as $3.50 closed
PFC lower at $3.50. May lard shade
higher at $9.47l2495O, and May ribs, PIC
UP al sS.57la.
The estimated receipts for Monday are:
Wheat, 40 cars: corn, 800 cars; oats, I'D
cars. and 1890 head of hogs.
The leading futures ranged as follows: