The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-19
CHICAGO CHANGE.

CHICAGO, March 1S.-Bad wheat crop
news was the leading factor in the re-
coVery OF strength in the wheat pit after
yesterdays weakness. The warm weather
Influenced lower prices in all grains at
the opening. AT the close May wheat
was $8q12c higher, May corn Ffy a
shade under and May oats CSC down..
Provisions closed unchanged to Z12c high
er.
Trade in wheat as in other grains
started out slow and irregular. The
warm weather in the winter wheat cOun-
try killed all the cold weather influence.
At the opening there was plenty Of
wheat for sale, partly as a result Of
lower cables. Shorts. however, covered
freely and there were several fair reac-
tons. Then bullish news began to ar
rive.
Bradstreet's report indicated a decrease
OF 3,5O,COO bu in the worlds available
supply. This helped prices, as did the
receipts of the worst crop damage COM
plants yet received from Kansas and
Oklahoma. 1t was reported that Mani
tcba wheat was arriving freely at Du-
suth, and this proved bearish inhu-
ence. On the other hand, prices of Man
ltoba wheat, which a week ago were SC
under our May options. were today only
Tee under The Western and North
western movements were curtaied as
compared to last years. On the whole
Though early May wheat prices We're un-
der Mays closing figures, the Gro 10 was
inclined to play for a recovery. May,
higher, at I412c to 745sc, eaSed to 743sc,
and then reacted to 751gc.
st. Louis was depressing factor, and
the weather also prevented better
prices. May closed firm and $s@12c high
er at 75c.
Local receipts were SO cars. one of con-
tract grade. Minneapolis and Duluth re
ported 392 cars making a total for the
three points Of 49, against 378 last week
and SIS a year ago Primary receipts
were $4,000 bu, compared TO Isl 900 bu a
year ago Seaboard clearances in wheat
ana flour cqualed 1856, 900 bu.
Early sentiment in corn was bearish
cables were lower and the warmer
weather west worked against the de-
mand that was based on the expectations
OF greater feeding requirements. Selling
was general and at times heavy though
the market had numerous dull SPOTS
Ihefe were no important features and
IN the main the market was poorly sup
ported Country offerings were still
small, but recovery attended the show
OF strength in wheat Receipts were
larger today than estimated Nav
opened lsU4c to $s012c lower at 612lc To
oI12c. w hen wheat recovered, May corn
sofa TO 62Hc. Offerings still were sufi-
Gent to supply all demand and May
closed with slightly easy tone, a shade
lower at 6l78c. Receipts were Isl cars.
There was a little furry in May. oats
carry. Traders had some selling orders
10 execute, and as the market declined
numerous StOp-lOss orders were met ami
before the market steadied May lost 11lc
Nervousness still is manifested by traders
over the May deal. Gossip has it that
the prominent long holder had disposed
OF his stuff and has gone into JUN Oh
lons. Both July and September were
1alrIy steady all day and fiuetuated with
the other grains. May which sold as low
as 4j2sc, recovered much of its loss. buf
closed weak and PC down at 4438c. Re-
ceipts were 1856 cars.
Provisions were very dull and fUo-
Iuated narrowly. Bulls suffered a dis
appointment over the action Of the mar
ket which in the face Of a falling short
Oh l4,OJ0 head in the hog receipts esti
mates showed little life The marIxat
did not feel the effect of the ductuat i6 on.
IN grains May pork closed PIC higher
at ! $l 355 May lard unchanged at s9.35
ana May ribs 2l2c higher at 1886
Inc estmated receipts for tomorrow
are: Wheat 80 cars; corn. 70 cars: oatS
90 cars; and $1,000 head of hogs.
me leading futures ranged as follows.