The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-25
BEARS HAVE AN INNING
LIQUIDATION THE RULE IN PIT
TRADING OF THE DAY
Reports of Rain Cause a ConsiderR-
BILE Drop in Prices of All Cereals
After the Notable Bulge of "a Day
Before.

CHICAGO. April 24.-Bulls in the grain
pits changed front today, and bears
came in for profits. After yesterday
remarkable advance of dry weather a
| dusty weather map started prices firm,
but rains brought scare and liquidation
! was the order of the day. Prices slipped
| down badly, May wheat closing 112G13se
| lower: May corn 11sc depressed, and May
| eats 1Ssc off. Provisions were, indepenu-
| entity firm, and closed 212e &C and 712c
! higher.
Dry weather being the cause of yester-
days wheat splurge. it was but natural
that anything in the way of rains in
| the wheat belt should influence rapid
ckarges in sentiment on the part of bulls
| We're strong. receipts small, clearances
| small and crop damage reports came in
| abundance. The morning weather re-
port showed the wheat fields dry. Selling
started early merely for profits by the
| longs, who had accumulated stuff at lew
prices. This eased the market somewha t.
| but when the rain reports from Kansas
arrived selling was general.
The outside markets liquidated freely,
especially st. Louis, which sold very
heavily and slumped.- Before there was
any cessation of the heavy pressure on
| the market here, prices had slipped down
almost &c. Late in the day there was fair
| covering, and values recovered little
| of the less. May wheat opened unehang-
| ed to 1&c lower. at 1870 to 1880. and fell
| to I56t95Bc. closing weak, 112ql9sc de-
pressed. at 75A@7595c.
Corn Goes Down in Sympathy.
L. receipts We're % cars, 1 of con
tract grade. Minneapolis and Duluth re-
| ported 1853 cars. making a total for TIE
three points 1913 cars, against DOT last
week and 250 a year ago. Primary re
ceipts were 259. coo Blu. compared to 1874 900
! blu a year ago. Seaboard clearances in
| wheat and -four equaled 72S,000 blu,
sympathy with the wheat break was
| enoug,' to start corn down hill but the
| big bull crowd, which bought heavily OF
July yesterday turned in to seel out
much of its holdings and induce a bad
slump. Country offerings We're larger,
| the Southwest sold and was weak, and re-
ports had it that the new crop was
starting well. An increased acreage also
was reported in the Northwest Leading
interests did a good buying business as
prices declined, but the pit closed very
,, weak and almost at the bottom values.
July was the weakest option. Commits
sion houses were on both sides of the
market but favored selling. Nav opened
1sc lower to 1sc higher. at GiA6641bc, on
firm cables and the early wea Their re-
ports. slumped TO 631Sc and closed weak
1Ac lower, at 63Ac Receipts wete sma.l
Oats Also Suffer a Drop.
Oats suffered with the otner grains.
i Rains Southwest and freer country offer
| lngs induced liberal selling and though
| packers and commission houses bought
well and held prices up for a time. de-
! cllneS enSued. Trade was on a liberia,
/ scale, May sold from 441ac down to 43c.
and closed weak. 12sc off, at 4SAc. Re-
| ceipts were 167 cars
There was an active scramble TO buy
hog products at the opening of the mar
ket because or a light run of hogs and
| peter prices at the yards Packers were
the pest buyers, and forced prices up.
Later me same interests uuloaded for
good pronts. and as grains weakened and
offerings became liberal some of the ear
~ gains were lost. The close however.
was firm. July pork closed PIC Up. al
$lLO21%. after selling at si7.15: July lara
closed 5a712c up. at $106110 0215. and July
RIBS 21@@5c higher. at $9.4O19 421b.
The estimated receipts for tomorrow
are: wheat. % cars; corn 100 cars oats
49, cars and 1900 hogs. o'''s'
ne leading futures ranged as follows: