The Saint Paul globe., 1902-05-01
BULL MARKET IN WHEAT
THIS IN SPITE OF THE FACT THAT
= 1T WAS THE FIRST OF MONTH
business So Quiet, However, That
July Closes Only a Small Fraction
Up-AOthing OF an Animated Ma
ture in Corn, Oats or Provisions.

CHICAGO. April 30.-Grain trade today
was largely restricted to changing oper-
atlohs IN preparation for tomorrow 5 de-
IiYerleI OF May options. Back OF the
changing there appeared to be a fair
bullish stimulus, but so quiet was bust
n6SS that July wheat closed only As0LC
UP, July corn 14c lower and July oats &c
lower. Provisions closed l0c to 20c de
pressed.
Considering the fact that this was the
last day OF the month and preceded one
Of the four big delivery days OF the
YEAR there was fair Dull market in
wheat True. trade was duh in the
man, but prices held well together, part
OF the session Bullish news was pres
gnt IN sood force Receipts were small.
Duluth did not receive a car. Cables
Wero firm; Kansas reports were stiI
complaining Of insufficient rains, and
tEtrty-f5ve counties in Minnesota and
South Dakota reported a decrease in the
spring wheat area amounting to 20 per
cent Some fair early buying BY the
leading corn bulls started prices NJ we'll
There was the usual changing. however,
July being taken on for May at hc
spread.
Bears Are Helped "A Little.
The quietn4ss Of the market helped tho
bears IN their courage to sell the fur
ther options and the advances were not
held. Elevator people predicted as much
IS 3000,900 bu Of May in spite Of the de-
crease Of 6,s00,CC0 bu in the worlds visi-
bic supply report, prices eased back to
last nights close There was 4 sIigbt
rally at the end, and July which sold
early at lAc, closed a trihe better than
yesterday, and 1sGAc up at I53sc- Local
receipts were "A cars: Minneapolis re-
ported us cars, making a total for the
two points of 13S against 135 for the
three Northwestern points last week, and
~ year ago. Primary receipts were
10000 bu, compared to 430 600 bu a year
ago. SeabOard cIearances in wheat
and flour equaed 10000 bu. The sea
be ard reported ten loads taken for ex-
-ort.
Corn and Oats Dali.
Corn trade was quiet and uneventfuI.
The greater part Of the business was
that of changing by elevator people, July
Stun being taken for May at I3sc spread.
Wheat lent an early support, but the
encouraging condition of crops and the
dHlIneSS resulted in Eight selling that
brought q depression toward the close
July sold early at G4hc, sIumped to G3c
and closed weak 12c lower at 63AQ633sc
Receipts were only 50 ears.
Oats were very dull and Influenced by
the other grainsy May did not show any
irclination to stampede the crowd as
had been expected when that option was
thought 10 be cOrnered. The May demand
at times was fair at current prices Crop
advtees We're generally favorable. COun-
try offerings were small. Fluctuations
were narrow July closed 1sc lower at
36l4c. Receipts We're 130 cars.
Provisions were weak influenced by
liberal receipts at the yards, lower prices
and fair selling. AT the opening pack
ers supported but the outside Iiquidated
to SOM extent. and with commission
house selling brought q depressed close.
July pork closed 2GC down at Sl6. 80; July
lard 12l3c down at 9.G12GI0, and July
ribs Ice lower at &c. 81.
The estimated receipts for tomorrow
are Wheat, 40 cars; corn. $50 cars; oats,
150 cars. and 7OC0 head Of hogs
Tie leading futures ranged as follows: