The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-09
CHICAGO CHANGE.

CHICAGO, March S.-Crop damage re-
ports met favorable conditions for a re-
Vival of strength and activity in wheat
today, and other grains prOfited Sympa-
thetically. May wheat closed rec higher,
May corn 1sQHc up and May oats lsc
higher. Provisions closed unchanged to
10c lower
Nearly everything favored an improve
ment in wheat. Liverpool cables were
not as firm as were expected, but Paris
had gained 3Ac since Monday, and this,
in connection with the improved situa-
ton in all foreign markets, was bullish
in effect. For a time at the opening
there was some little selling on the Eng
lish situation, but in short time
steady advance began on the weather re-
ports, and the market ruled strong the
rest of the day.
There was no news of moisture in the
Southwestern wheat fields, and crop dam
age reports came in constantly
The flour situation in the Northwest
was said to be improving and with 1t
the cash wheat business. Shorts We're
FESTIVE, and in view Of the forthcoming
government report Monday (Which is eX-
pected to be bullish), and of the usual
Saturday evening up argument, covering
was in order.
The prominent local bulls also came
into the market and commission houses
placed numerous buying orders. Trade
was better than in some time. The here
tofore general tendency TO sell was not
ably absent. Indications point to a de-
crease in the visible supply of about
100000 bu. On the whole the market
presented much better appearance than
for several weeks. May started &c low
er to unchanged at TIC to TIC, was pulled
to Use, eased on liquidation to 775ac, and
closed firm 1zc up at 77Ac. Local receipts
were IL cars, none of contract grades.
Minneapolis and Duluth received 319 cars,
making total for the three points OF
332 cars, against $50 last week and lf4
year ago Primary receipts were 49,
600 bu, compared to 500 900 bu last year.
Seaboard clearances in wheat and -four
eQualed 234,000 bu. Australian shipments
for the week were $4,000 bu, against 392,-
coo blu. the corresponding week a year
ago
Corn opened firm and ruled with
good tone throughout the day Gables
were firmer and receipts continued very
light. The Southwestern markets We're
sending out buIlish adVices, and the bull
movement in wheat gave some upward
impetus to corn. The crowd was fully
as bullish as in wheat, though the mar
ket was not as broad. Selling was re-
stTfcted, partly on the fear of a bullish
government report This same sentiment
also checked other trading to some ex-
tent, and most traders were satisfied to
even up and wait The market was
healthy, but rather dull and no material
advance was effected. May opened q
shade to h0Ac higher at 621s462Ac, sold
to 6212c, but closed only barely firm $50
Ac up at 62Ac. Receipts were SO cars
Oats ruled firm and higher with the
ed to scalping. Receipts were still small
with little prospect Of an immediate IN
provement. There was not as much ncrv-
BUSINESS in May options today, though
some early selling eaSed that future.
There was. however, an immediate Ie-
action, offerings were well taken and
May sold up to 44%c, closing firm nc
higher at 445sc. Receipts were SO cars.
Provisions opened lower on a lower
hog market Fair purchases brought
reaction, but later selling of lard and
ribs eased the market The grain
strength prevented any marked decline,
and the close was steady in lard and
ribs, and easy in pork. Locals took most
of the offerings May pork closed l9c
lower at $3.50; May fard a shade lower
at SO. 1909 .4212, and May ribs unchanged
at S.. 371a0S 40.
The estimated receipts for Monday are:
Wheat 30 cars; corn, los cars; oats, Is
cars and $1,000 head Of hogs.
The leading futures ranged as -follows
fOpen. High 4 Low Close