The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-27
CHICAGO CHANGE.

CHICAGO, March Z6.-Bullish manipu-
lauon by SPECTATORS in all pits on the
bCdrd OF TRADE, aIded somewhat by Dam
age reports, influenced strong ana active
markets. May wheat cIOSeQ 2sc higher,
May corn lac advanced, ana May oats 42c
up. PROVISIONS ctoSe0 I1zQIUc TO Z7zc
higher.
corn strength ruled all grains. At the
start cables We're nIgner, as compared
TO lower prices here yesterday There
was some early sening on wneat Innu-
ehce out soon there started bull move
mehI IN JuIy corn tnaJ caused a sharp up
turn in all corn options There was some
tax or bull campaign to be worked In
Juiy corn, and considerable Importance
was attached TO il.
Inc corn ADVANCE was augmented by
an uCturn IN wheat, resultant from crop
oamase reports IN the winter wheat
country. Local bulls started buying free
~ commission houses followed anu suOTLs
covered very l1Deraly. There was also
some export business reported. May
corn opened 4sQAc to 14c higher, at 581ec
TO 591z45S7sc eased TO Jo74Ut5S4sc on
weather reports and wheat selling, and
then spurted to $3.50. Then some of the
ADVANCE was lost, but was solely due to
the willingness OK early buyers to Itqui-
date for LIBERAL profits May closed strong
!t4c higher, at 5S1zq6S9sc. Receipts We're
ia cars.
Without the corn influence wheat mad
good cause for higher prices Opening
conditions, such as cables and small re
celpts, worked for fair early advances
but the crop killer once more became
an active factor. True there were bear
ish influences at work early In rain re-
ports, and news of general spring wheat
seeding. But the general good weather
soon lost It's effect when word was re-
celVed from the president Of the Kansas
and Oklahoma Grain Dealers associa-
ton, stating that Kansas would harvest
only so per cent and Oklahoma only 40
per cent of a crop.
Then some of the big men bought:
corn exerted its influence and shorts
covered, sending prices up. Profit taking
toward the close caused a loss of some
OF the advance, but throughout the ses-
sion the tone was excellent. Nav start
ed 14c to 1sc higher. at 7212c to 72ssc cas-
ed 70 t2Ac and then worked up quickly
TO l37sq7315c. The close was firm. Nav
7sc higher at 727zc. Local receipts W pt%g
~ cars, none OF contract grade; Mnneap-
obs and Duluth reported I58 cars. or a
50taI Tor the three points Of 1SS. against
~ Iast week and 3Sl a year ago Pri-
mary receipts Were 3S9 900 bu. compared
20 9'9Vo blu last year. SeabOard clear
dlces IN wheat and -four equaled 123 COO
ou, ne export demand was slack. the
Se1DOdrd reporting only IA loads taken
mere Was only moderate trade II
odtS' DuI the tone ruled firm with other
StalnS. Commission houses took some
,1elt ioias mes, though offerings were
ilcgeC on large scale. TVly and SeDt-m
per We're in better demand than Nav on
Luis. m the latter month there was
3,lI taIlE weakness on an absence OF
StrenSth OF corn and wheat more thao
May. Although favorable weather for
Lne new oats was a good baarish argrf-
hlent, the corn strength overbalanced II
anu the snort side was not popular The
tone OF the market wac hel6ed bv tbe
news That Kansas City bids ait the river
we're lesc over ChicaCo's best bid IN M
" whites. May sold as low as AZ ad-
Ednced TO 43l+c and closed firm. NC I'm a.
4z1sc- Receipts were So cars -
covering OF large short lines If norlr
was the principal bull factor in nro-
EIsions At the outset the same stron,
IeGilhg mat existed last week showed IT,
sen again, hogs were commanding better
prices at the yards and there was
sood speculative demand for eVervfbirCr
on inc list. Offerings Were very small
ana tne continent was reported bidding
1Tade was heavier than usual IN ali IinaSS
commission houses bought frcelv for
packers ard bulls took lard and ribs
after a firm opening prices adranred
SHARPLY -! May pork CARING at one tirne
- &C. Pront-taking late reduced tbs
gains May pork closed 221zc up at s1si5.
May lard l13QI0c higher at 50 7o1fq III,
ana May ribs at IS. S2l2
ne estimated receipts for touorrovv
are neat, = cars; corn, 100 cars: OATS
20 cars. and 10000 head of hogs.