The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-29

CHICAGO, April 2S.-It was bad wealth
er fol- the bull traders in grains today
Even though reports indicated diminish
ing supplies of old wheat, offerings in
corn We're still tight. the crops We're re-
ceiying to much benefit from the sea-
sonable weather to allow prices to hold
advances. These variant factors how
ever, caused several rapid changes Of
sentiment. In the end July wheat lost
1q1Hc, July corn &c. and July cats, SO
PC Provisions closed 215c lower to 21ac
higher
Trade in wheat was only fairly active,
tfcrgh the frequent change of front of
the SPECTATORS made the tension some
what marked. AT the opening the news
of general rains in all the principal wheat
states. except Kansas. started wheat ut
a liberal decline from Saturdays closing
prices. The Southwest sold literally and
helped hold prices back. The situation
however, for some time seemed to favor
the bulls. Gables were higher primary
receipts. were. still light showing rapidly
decreasing stocks and the Northwest
bought well of cash stuff and started an
adv ance. Prices worked up a little and
were helped considerably by the remark
able decrease in the visible supply Of
1892 900 bu On the strength Of this
last influence July rose to 76Ac after
opening as412c to 1aQ5sc lower at 7544 %
I53sc. The pit crowd. however was con-
dering the heavy worlds shipments and
the general weather situation, and fought
hard against the advance.
Prices Begin Declining.
When reports of more liberal offerings
in the Northwest by the farmers, and Of
rains in Kansas, arrived there was a
renewal Of the selling movement that
had weakened the market at the opening.
Prices steadily declined, with active and
heavy selling at times until July reached
i5c- a show Of an improvement in re-
celpts Though they are still smalD had
a bearish effect. July closed weak 1G111Bc
II lt II
cars, | of contract grade. Minneapolis
and Duluth reported 230 cars. making a
total for the three points Of 253 cars,
against 237 last week and 357 a year ago.
World S shipments were s, 1853 0o0 bu COM
pared with 10000 bu last week and
1910 bu year ago. Primary receipts
were 900 Blu, against $4,000 bu last
year Bradstreet's on passage decreased
$4,000 blu. Seaboard clearances in wheat
and -four equaled 26S,OO0 Blu.
Trade in corn hinged on the action Of
the leading bull crowd. Influential buy
ing prevented this cereal from following
the course of wheat. although the break
in the other pit eventually had its effect
At the opening prices were very steady
and practically no attention was paid
TO tie general rains in the Southwest
and to the unresponsive cables. Offer
lngS were very small and were read ly
taken as prices advanced. The leading
house that is supposed to be carrying
twice the amount OF corn in actual ex-
istence did some good buying. and sent
July prices from 6355c to 645ac Trade
was rather quiet the greater part of
the session. but as wheat weakened
there was some active short selling and
prices slipped off. The marked feature
Of the market was the good show Of
strength at the close in spite Of the
bearish weather conditions, September
closing &4c higher. July closed &c down
al 6S12c. Receipts were improved at 104
cars.
Oats and Provisions.
Interest in May oats relieved the mo-
notony of quiet market and helped up
mold the other options. There was fair
buying of the near option and prices adj
vanced somewhat. The generous rains.
however. have increased the prospects
Of the coming crop, and as receipts grew
larger and wheat and corn weakened
oats receded The cash article was IN
good demand but there was something
Of disposition to keep out of the mar
ket until the possibility of corner in
May is past May sold to 431s64314c and
closed firm and &c up at PFC. July
new closed 3s01sc lower at &c Re-
CENTS were 1913 cars
The provision market was manipulate
again by packers today for higher prices
The early tendency was to sell on the
grain situa ton and for profits Broke 8
at once began buving for packers, espe.
cially on lard and ribs and prices fuc-
as well as by packers became liberal
after the price had been pushed uD and
on an absence of any urgent demand.
and on the wheat break most Of the early
gains We're lost The hog market was
strong. July pork closed Pic lower at
I7C2i%. after. selling at S17.171b: May lard
PIC I'D at 1910 and JULY ribs a shade
hi0her al SO. 421569. So
The estimated receipts for tomorrow
are: Wheat. IS cars: corn. is cars; oats,
go cars. end 10000 head Of hogs.
Tne leading futures ranged as follows:
Open. High Low. Close.