The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-05
DULL DAY FOR GRAIN
OATS THE ONLY CEREAL THAT
MANAGES TO HOLD ITS OWN AND
TO GO UP Il TRIFLE
FAIR WEATHER BEAR FACTOR
Provisions Are Active, but With II
Downward Tendency, Except in
Lard, Which Is Supported
by the Packers.
FAIR WEATHER BEAR FACTOR

CHICAGO, April 4.-Bearish crop ad-
vices prevailed in grain speculation today
and worked against other Strengthening
influences to depress prices. Trade was
dragging at times, but prices huctuated
nerVously. May wheat closed Ac lower;
May corn, 3sQAc depressed and May
oats 1sc up. Provisions closed UNI
changed to 51712c lower.
Wheat had only a momentary respite
from bearish news. The opening was
lower on the fair weather, lower cables
and good crop advices. Belated shorts
had stuff for sale, and bears grew more
confident At the early low priccs ele-
vator interests bought heavily of May
and July-very close to 100000 bu-and
the market began to advance. The snip
ping demand was improved and shorts
covered, sending May up to 71&c, after
opening AQ1sc lower at 707s471c. At this
point, however, the crowd turned sellers
again. The Ohio state wheat crop report
indicated a condition of "A, against 62 on
March /. This was taken as partial con-
frmati0n of yesterdays bearish crop re
ports and pressed on prices.
Corn was slow, and exerted little infu-
ence on wheat, but the wheat bears sold
aggressiVely on all the hard spots, and
succeeded in getting May down to 70Ac.
Some of the later selling was supposed to
be for the elevators that bought early
May cloLed only easy, Ac lower, at 70Hc
Local receipts were Il cars, none of
contract grade. Minneapolis and Duluth
reported 216 cars, making a total for the
three points of 237 cars There were no
comparisons, this day last week and a
year ago having been holidays Primary
receipts were small at 299, 900 blu. Sea-
board clearanceS in wheat and flour
equaled 600 bu. Argentine shipments
for the week were 1,136,000 bu. COM
pared to ,244, 900 blu last week, and / 696, -
600 blu a year ago. The seaboard reported
% loads taken for export
Corn was dull and dragging most of the
session. Fair weather and country ad-
vices to the effect that farm work was
progressing well brought about selling
orders by commission houses; especially
for the outside accounts There was
some support of September, and the
small receipts helped retard the decline.
Gables were lowed, and the cash demand
inactive. These, together with the late
wheat decline continued to weaken corn,
and May, which opened at a shade to Bc
lower, at 59Acc to 595s@59Ac, sold down
to 5878c, and closed weak, 5s0%c lower,
at 591sc. Receipts were only SO cars.
Provisions Also Go Down.
Oats were dull and fiuctuated very mar
rowly the only feature to the trade was
the fact that oats held their own fairly
well against the corn decline. The cash
demand was good, and receipts were
light. There was fair early buying on the
opinion that May is to be advanced May
sold to 43Bc and closed steady, 1sc up,
at 42a4c. Receipts were Is cars
Provisions showed some activity, but Il
was mostly of the downward sort. Hogs
were weaker, and started fair selling.
The outside liqufdated literally, and stop
loss orders were met. The cash situation
was tame. The only fair show of strength
was that Of lard. which was supported
somewhat by packers May pork closed
5@718c lower at 16.37h@1640, having. sold
as low as 5000. May lard closed PIC
down, at $9.571a, and May ribs unchanged
at $8.87S.
The estimated receipts for tomorrow
are: Wheat, % cars; corn, Go cars; oats,
10 cars, and 5000 head of hogs.
The leading futures ranged as follows: