The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-15
CHICAGO CHANGE.

CHICAGO, March 14-Corn strength
dominated grains for the greater eart of
the session today. There were bearish
factors at work in wheat which finally
prevailed in that grain. but the cSarser
cereal retarded the decline. At the close
May wheat was 5sG%4c down, Nav corn
a.412c higher and May oats 15sc lower
Provisions closed shade lower to &c
higher.
Local bulls took corn in hand shortly
after the opening and easily forced
prices up nearly 1c. Many bears went
home last night with short lines, expect
ing further decline today on yester-
days weakness. Cables, however were
remarkably steady. There was fear Of
general spread of the cold v ave in the
Northwest, and a leading bull started in
early to bail out the offerings in the pit
Feeding demand West was good and the
West had nothing to sell. Kansas CITY
was reported bidding 1c over Chicago in
Iowa yesterday.
shorts, in order to get out of their tight
place, had to bid up for the scarce offer
ings. The cash situation was much i'm
proved. New England was buying and
the Southwestern was still bullish The
buying here was good, but mainly by To-
cal people. The sentiment for a time
was mixed, but eventually sided with the
bulls The break in wheat had nothing
put temporarily easing effect May
started unchanged to Ac up at 617sc to
621@c, advanced to 625s962%c, easkl mo-
menta1ily but closed firm, 3s11hc higher
at G2Aq6238c. Receipts were 81 cars.
Wheat at one time during the session
felt enough of the corn strength and the
below zero weather in the Northwest to
acquire a firm tone and sell above yes
terdays closing price. After the slump
OF yesterday the cables had a very
steady tone Commission houses wero
executing fair buying orders early; shorts
became uneasy and covered The IIIi-
nols crop report, indicating a condition
q 40, compared to .92 in April a year
ago, was not considered bullish as the
authorities stated there was no com
plant or winter killing and the roots
seemed strong and the plant in good
cqlor. Inc market was fairly active and
showed fair amount Of strength IN
to noon. The coarse grains aided ma
tenally " the situation, but late when
st&tlStlcal journals announced the West
eFn condition extremely favorable heavy
selling set in. St Louis and the crowd
were very bearish, and prices suffered
serious relapse. May, which opened
shade to 1sQAc UP at 759sc to 75s4c and
SOLO up 70 l51sc, dropped quickly to a
weak close, 5B034c lower. at 747kc Local
receipts were 50 cars, none Of contract
grade. Minneapolis and Duluth reported
zoO, making a total for the three Doints
OF 20, against 278 last week and -416 a
year ago. Primary receipts were II nO0
bu, compared to SIT 900 Blu a year ago
Seaboard clearances in wheat and flour
equaIed 137 goo bu. The seaboard reD0rted
90 IoadS taken for export.
oats were dull and ruled fairly steady
Inc cash business was reported some
what improved and the corn strength
aided toward better prices The late
break in wheat, however. caused some
selling and decline. Gossip has If
that the leading bull professional. who
n ha ooo been be- credited With holding almost
l0U0,000 bu of May has gradually been
transferring his holding to july. Trad
ers We're predicting that the later option
would go even higher than Nav has baen
selling at Today May was dealt in yerv
spa1nngly, opening lower, selling 70 46c
We're Y cars oo1iplS
Provisions early were weaker in SYM
patty with lower hog market, Soma
fair buying was done through brokers
LOT LOT packers, but the late trade was dun
For time prices advanced well. but tha
close was steady. May pork closed "
hlgner at va, 40; May lard shade lower
at - 4g1rg 4274, and May ribs unchanged
The estimated receipts for tomorrow
are: Wheat 80; cars; corn IS cars:
oats. 70 cars, and $4,000 head of hogs.
me leading futures ranged as follows:
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