The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-22
GRAIN men IN DOUBT
WEATHER REPORTS ARE con-
FLICTTNG AND TRADE A PUZZLE
Dry Weather Aids Bulls for a Time,
but Predictions of an Early Relief
by Showers Helps Wheat Up,
While other Cereals Suffer.

CHICAGO, April 21.-Weather reports
ruled the grain pits again today. Hot,
country started grains with a smart up
turn, but predictions of relief by show
ers worked against the bulls, and May
wheat closed only shade higher; May
corn A03sc lower, and May oats 1sc
down. Provisions closed 10Q1712c depress-
ed.
Trade in wheat was under a nervous
strain. At the opening there was rush
toward the weather map, and when only
a few scanty showers were shown to
nave fallen since Saturday, there was an
opening bulliSh squirt. Yet most of the
professionals hesitated about plunging in
on the bull side for fear that some small
shower might be magnified in the minds
OF the bears into a big rain and break
of several cents ensue.
Considering the fact that the entire
wheat belt was dry-eVer drier than be-
fore-the early trade was tame May
opened &c to 1sc higher, at 75c to 74%c
Then came predictions that the hot and
unreasonable blasts in the West would
nave some small relief by showers, and
selling set in Gossip had it also that the
Wall street crowd was selling heavily in
order TO keep prices down and create an
impression on the Stock Exchange that
the wheat crop was in no danger May
sid OFF to 741suI4Ac before a decrease of
$4,000 blu in the visible supply came to
the relief of the bulls and started cover
ing.
Weather reports, as Of late. were con-
ficting, and favored both sides of tina
market This kept the talent guessing
ana held business down. The feeling was
mixed; May. late in the day, had a rally
7434c. '' q Sii"ue up at 1850
Local receipts were % cars, 8 of con-
tract grade Minneapolis and Duluth re-
ported ZC9 cars, making a total for the
three points of 237 cars, against 287 last
a I1p9r
GeIpLS We're 29o,eC0 bu. compared to 348 COO
bu last year Seaboard cIearances in
wheat Wne1 >, and flour equaled $4,000 bu.
against 8,O6O,0O0 bL last week, and 82S6 0Go
Du year ago. Breadstuffs on n9CS9go
increased $4,000 bu.
corn trade was small and had no prom
hent features The market was inclined
to follow wheat. and prices advanced ar
ol!e opening. Stocks continued to de-
crease, but the prospects of en- easier
1 wlleat market induced selling. Cables
We're unexpectedly firm, but soon IoSt
thelr influence May corn opened H6Ic
20 a sn maze up, at 6212c to 62Ac, and sold
Later there was some covering as
wheat rallied, and some of the Loss Nc
regained. Near the end Of tbe - sess Was
however, the market turned heavy go
the selling, ascribed to the Southwa auu
~ to YEN an easy close, May A0skc lower
a. o11sc' receipts We're LOG cars.
furry In Oats.
- mere 1n was ..fair-sized furry in oats
at the opening, based on the fear Of doro
T re 10 SO sown oats by the dry weather.
mand, but later selling by receivarS 49, ue
t R5afes dre considerably While the ropes
strong demand were not rea1izad at e.
", MAS y,,a further rush to unload, and n tbe
down dow ne = sI995I1ered May sold from 4S%c
at p +2Mc; Receipts were 147 cars .'' uo"h'
and VISIONS o1a suffered further decline
ana aI closed weaker than for manv G GaIIe
f tirp + arrived N larger numbers than u.s. 3
U 1rtdd teo' ana stock yards prices wera
We, weak ts Added to this bearish fa "toe
was the fear that newspaper comma aafeo OF
ret teSSir ca5sn high prices for meat Would
sses was liberal, both by packers and 9f f
lower, at t Sc g. May Nay pork closed 171zo
$';D3, and May ribs 15e lower. AZ u9% W. at
are - w fssHa s receipts fer tomorrow
20? 1 cars. and 24,C0O head cf hos cars oats,
Inc leading futures ranged .. ro,,.