The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-13
CORN BULLS MARKET
ALL LINES OF CEREALS CLOSE AT
HIGHER QUOTATIONS ON
CHANGE
MARKET NERVOUS ALL DAY
Oats Reflects Strength of Other
Products and Provisions Show
Strength, With the Hog
Market Leading.
MARKET NERVOUS ALL DAY

CHICAGO, April 12.-Corn bulls had a
light rein in the grain markets today.
everything in the corn situation was bull
ilsh, and with good show Of strength
In wheat trade became active Closing
prices for May wheat were ssQ1ac higher;
May corn 17sc advanced, and May oats %c
higher. O'-9io--' oSo'eu '72@1Oc % 1A72c
Interest In corn easily outran all else
of a speculative nature. The gradual ad-
vance OF the past week seemed to have
been preparing the country for decisive
action in this. market, The depleted
given St. Louis and Kansas City good
argument for an advance, and today
when the cable list showed strong and
the southwest was still stronger and was
pidd1pg eagerly, prices responded with
vigor. To augment the growing bullish
sentiment receipts. continued light.
"a me carry easy feeling in wheat retard-
ed an immediate bulIish response in corn
and May corn opened 1sc higher to I'M
changed at 59Ac to 597sc. Then came the
report OF 10000 bu of No. corn sold to
go south at only, 12c under May and ad-
vices Of renewed bulling in the South
west. Shorts soon got scared and al
though many covered, they all had a bad
The common belief among traders was
that stocks at st. Louis and Kansas City
those places must supply their actual de-
mands in Chicago. Scarcity of Offerings
accelerated the upturn-nearly all the bull
crowd Keeping tight grip on their hold
lngs for further Profits.
Market Nervous All Day.
The market was very nervous and &C
tive at times, though because of the dis
position not to sell trade was not very
large: May spurted with broad advances,
and though the day was a short Session
1t was no trouble to put cents on NAV
That option sold at 6l3c and closed verv
strong l@c up at 6l12c. Receipts were
Wheat was inclined to lag early be-
cause or precipitation in the winter belt
apieS were strong and receipts We're light,
Dut May opened 14Masc to 1sGAc lower at
72ssc to 7215c. Reports received from the
southwest, however, stated that wheat
was not improving with the rains, the
as had been supplied since spring had
disappeared without affording the neces-
sary relief to vegetation. The bulishly
lncnned at once seized upon these reports
and with the remarkable strength in corn
pushed prices up 1c from low mark. Ac-
ceptances abroad over night were mod
erately good.
The Southwestern points were showing
coca strength and shorts here covered
Freely. There was also a good deal of
buying for long accounts. An estimate
that the winter crop would be only three
fourthS of that of year ago which
We're made by, trustworthy authority,
potent FACTOR in the upturn. May wheat
advanced early to 1890, but dipped occa-
slonally ON profit-taking
-o ne close was firm, May ss01bc I'D at
I31sc. Local receipts were IS cars none
or contract grade; Minneapolis and Din
luth reported 15S cars, making a total for
the the three points of 1876 cars, against 62
last week, and 275 a year ago. Prinaa ~
"eeeipts were $4,000 bu, compared to 400
DV0 bu last year. Seaboard clearances in
wheat and flour equaled STA 600 bu. rh.A
port. AoA CA
Strong Close In Provisions.
Oats dimly reflected the strength in
corn. Trade was only small. but There
was a falr demand In sympathy with the
general upturn. May was bought freeiv
Dy shorts, who had misgivings because
OF the corn advance. Bull traders still
continued to leave this option alone as
Mucn as possible, but there was fair de-
nla 1lt Tor the further deliveries, and oniv
d 1ttie for sale. May sold between 49,
ana 411zc, and closed firm &c higher az
SIC. Receipts were 159 cars. "1
a growing bulliSh situation in tba bo,r
niIdrket started provisions higher apaIp
liner dnefe were only 10000 hogs mere todav
ana estimates for next week were a.,
Greasing. Hog packing was reduced Nv
4 4ha Sa,,,i nalf Grain strength added to
ulle Ipulllsh influences and a strong close
resulted. May pork closed PIC higher af
10. re; May lard, 712@1Oc up at So M
dn 1 May ribs, 10c higher at $9G715 '12'
4 ne eStlmated receipts for MONDAY are.
Wneat, % cars; corn, 65 cars: oafs AZ
cars; hogs, $4,000 head. 0"'s' I'D
1He leading futures ranged 40 fo11or,,.