The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-25
CHICAGO CHANGE.

CHICAGO, March 24.-There was mark
ed activity and nervousness III ali mar
ketS on the Board of Trade TO-DAY: 1rdu-
ing was on an enormous scale. BearlSh
conditions prevailed early in the day, OUT
in the end the old argument that Il weak
market must give way to an uptuIn won
out and May wheat closed 140asc hlgher;
May corn 12d5sc higher and May oats 74c
advance. Provisions once more acted IN
dependently strong and closed Z0q2212c
to 35c higher
days. Speculation was mixed and nerV-
Gus and the pit at all times was crowded
with traders. Conditions early tended TO-
ward a still weaker market. Rains and
warmer weather were reported over the
greater part of the West. Grass. grow
ing was reported very hopeful and this
of necessity did away with the strength
due to the need for feeding corn.
Wheat was also weak at the start and
both the local receipts and the estimated
receipts for tomorrow were increased.
Liverpool cables started somewhat low
err but declined as the day passed and
these influences corn was sold in large
lots. Liquidation for the country was
renewed on a large scale and May fIuc-
tuated eXcitedly. This option started &c
lower to 1sc higher at SITS to 5S14c, re
acted to $3.50 on covering and then plung
ed down again to size on the continued
heavy selling. For some time 1t was
hard to tell which way the market was
going. Commission houses had orders
both ways.
Gradually the market got on a new
ground. Traders began to feel that at
the present low prices trade would be
more active and buying began to predom-
mate. Commission houses toward the
end of the session turned the scale 90
ward the bull side; shorts continued to
cover heavily for profits and May work
ed up sharply to 5SAc. Outside buying
orders increased in the face of weaker
foreign markets May closed with a
flrm tone, 2q3sc higher at 5S3s45S%4c. Re
ceipts were 1872 cars
There was continued heavy Iiquidati
III wheat at tine opening on the strength
or the weather conditions. 1t seemed
that every portion of the winter wheat
country had received its share of rainfall
and everything favored crop growth.
Statistics We're bearisnIy inclined. The
Seaboard reported additional export sales
saturday and ten loads early today. Spec
uIatOrs We're inclined to the belief that
there should be a natural reaction efter
saturdays extreme weakness, and shorts
sought cover in large numbers. Cables
were weaker, put not enough so to make
bulls apprehensive!
Inc general situation had changed lit
lie, put big local traders and commits
sion houses were inclined to the buying
sue on the argument that wheat was on
d new oasis ana would see marked ac-
uVlty. Trade IN general was heavy and
the tone for some time nervous in the
emu the buying side showed the most
ms IL NAY opened 1sUHc lower at
tltSc TO 1Ac, dipped to H58c on the
heaVy selling, reacted to 72Ac, fluctuated
nerVOusly for a time, sold I'm 10 72ILc
ana closed firm, HQ$sc higher at 72IL06
Iz2sc. Local receipts were Is cars. one
oI~contract grade. Minneapolis and lJu-
luth reported 5l3 cars, making. a total far
the three points Of 541 cars. against ia
last week and I'll a year ago Primary
dF6celpts We're 585,O00 hu, compared with
?oo'VV0 pu last year. Seaboard cIearances
IN wheat and -four equaled 496 C00 h.,
world shipments were 7167,OO0 bII
against 5,218.000 bu last week and Gal az
Du year ago. On passage stuff in
creased 2,n2000 Blu. The visible sunnI,,
decreased 049, 900 bu. PP4I
1rade IN oats was not important Nav
was weak at times, but anv damaaS
prices advanced again OFFERINGS No.
never excessive and September ontionS
were very steady in the face Of the other
srdlh weakness. On the corn strength
,,neb riSnt PIT offerings after first selling
Iusn prices showed fair recovery. Nav
reached as low as 41c after the Onening
PUT closed nc UP at 4215c Receinfg
showed little Improvement at 126 care
PROVISIONS felt some effect from the
weakness in grains and an easy hog mar
ket early in the day Prices at the o+e1,
ing were off little, but there soon
spranG up good commission house de-
mand. supposed to be for packers. The
cash business was much improved, and
on the very urgent demand there was lit
tie stun for sale here. May pork sold
from $3.50 TO S16, and closed strong, 35c
higher al $l5.95. May lard sold from Sg.471z
to $40, and closed 20U2212c up at that
figure, and May ribs sold from $S.5712 to
$3.50 and closed 20G2212c higher at $S.7712
$3.50
The estimated receipts for tomorrow
are: Wheat, 60 cars; corn, 195 cars; oats,
1876 cars, and q, 900 head Of hogs
The leading futures ranged as follows: