The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-21
Minneapolis and Duluth S s%a S1 ma1t.,,

was a shade higher. May corn l4c lower
and May oats 1sc lower Provisions clos
Ell sc to loo higher.
Wheat opened easy on cables and the
weather. but was met with fair support
Tor time. A fair number of buying
orders were executed, but soon same the
slump in the Southwest. Kansas City
ana st. Louis were earnestly beariSh,
and prices in those markets were rapidly
slipping of. At one time st. Louis was
Z1sc under yesterdays May closing price
me local crowd here, who had been
taking in some stuff. turned about 10
sell. Longs liquidated stop-loss orders
were uncovered, causing still further
weakness and before May had stopped
on its downward course almost 1c was
lost. Spectators overlooked bull news
Liverpool continued steady at a small
decline Seaboard clearances were large
and receipts were small. Statisticians re-
ported the crop in a less favorable posi-
ton. There was a better continental de-
mand reported early. and milIers were
reported large buyers of May. Notwith-
standing these conditions the weather
seemed all powerful. May which opened
sc TO sc lower at 74c to 739lc. sold off
to 7314c.
Then came some covering and the
break was stopped. The big influences,
however. came late in the shape of re-
ports that wheat was on an export basis
New York reported so loads taken for
export and local cash traders worked
the same number. The earlier bullish
factors then became more apparent to
the trade and May wheat shot up to a
steady close. shade higher at 74IsH74tc
Local receipts were q cars. none of con
tract grade; Minneapolis and Duluth re-
celNed a39 cars, or 366 for the three
points, against 422 last week and 4Sq a
year ago. Primary receipts We're 537 600
bu. compared to 637 900 bu last year
Seaboard clearances in wheat and flour
equaled 701 600 bu
Corn, like wheat had a fair supDor+
the first hour, then a sharp break. This
market was influenced largely by the
tearlsh feeling in the Southwest. ST.
Louis was selling here. There was a
large trade. much of which was lioyida-
ton. The sentiment generally seemed
bearish on the good weather in the South
west. which is expected to hasten pas
tCrIng and an increased interior move
ment Cables We're lower and after the
easy opening the weak break tumbled
prices downward. Stop-loss orders
brought further declines as did news
that conditions favored seeding. When
wheat reacted. corn followed IN Thers
was a fair cash business and some stun
was worked here for export The re-
ccVery however. was not 50 good as in
wheat and May. after selling down 10
6pzG60$sc. closed easy, &c down. az coz
cars.
Speculation in oats was extremely
nervous. Once they We're hammered ag-
gressively and prices were nc down
loaded. Again the market was compar-
atNely strong and there was nothing for
sale. The weakness in corn and wheat
affected the market accordingly. and the
latter revival of strength helped in a
recovery. Added to these factors how
ever: was the important rumOrs that the
leading bull in Nav had unloaded his
holdings. Traders did not know which
way to act. July and September options
suffered with other grains, but closed
fairly well Nav. which opened un-
changed 70 lac down at 439z14315c. droD-
ped to 421%c. reacted and closed easy. nc
lower, at 43l2c. Receipts were 70 cars
IN spite Of large run Of hogs al the
yards lower hog market and the de-
preston in grains. provisions held up
strongly. Packers and commission houses
were buying all products Ribs were par
ucularly purchased and the strength in
That product helped pork and lard At
no time did any Of The list show a tend
encE to decline. MAY pork closed l0c
higher a $l5 .52l@. Nav lard SC mp at $945,
and May ribs Sc higher at IS So
The estimated receipts for tomorrow
are: Wheat p cars: corn 105 cars: oats
ITO cars. and 5000 head of hogs.
The leading futures ranged as follows: