The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-22
CHICAGO CHANGE.

CHICAGO, March 21.-Grairs were ner-
VouS and erratic again today. The rains
IN the southwest We're decidedly bearish
IN their influence over wheat, while a
continued heavy export business in cash
wheat tended to induce higher prices
Fluctuations were frequent, and other
grains acted sympatheticalIy. At the
close May wheat had lost &c MAY corn
2s0%c and May oats nc. Provisions still
acted contrary to grains and closed sc TO
Zoe higher
Wheat opened weak and lower on good
rains IN many of the wheat states and
decli3ed still further on rather heavy
selling. These rains were much needed
ana We're supposed 20 be beneficial to the
growing crop. Argentine reports indI-
Gated an increased movement and stiu
better prospects. Gables were slightly
higher, but had little effect Added to
this bearish influence was the advfca.
from New York that much OF the stuff
reported sold for export yesterday was
stlIl for sale. May wheat which opened
a shade 10 1slIAc lower at 74isc to 1879
sold off to 1910 Then came a revival
Of yesterdays export business. A local
house sold IS loads of cash wheat and
other points had good sales. This sent
shorts 10 cover in hurry. Buying fcr
this account sent prices up and held the
market firm for d time at 7Cisd7GHc for
May.
The Southwestern reports. hove -
mad the most influence in the market 81
Louis was weak and was selling literally
ago We're above Chicago, were quoted
at discount. Liquidation started in on
a free scale late in the day. bears sold
short and prices tumbled Trade in pen
eral increased much though the outside
Spectator was not in the market enough
TO work against the bearish influence
May sod off, and closed weak. &c lower
at l34spI312c. Local receipts were q cars
! OF contract grade; Minneapolis and Du-
luth reported 233 cars, o. a total for tte
three points Of 81 cars, against 258 cars
last week and 49, cars a year ago. Pri-
mary receipts were 474GO1 bu cOrnuar.I
to 1l,000 bu last ye<r. Seaboard clear
ances in wheat and flour equaIed l2s. lG0
bu- Argentine shipments were l. SIS COO
hu, against $4,000 bu last week and .gl2-
tp0 ou year ago. The seabOard report
ed 81 loads taken for export
Corn followed wheat most Of the day
The opening was weak. but something IN
the cash business and light receipts help
cd 70 speedy reaction The South
western rains also We're buliish in that
they We're expected to cUrtail the interior
movement. There was no outside trade
70 speak or possibly a little selling from
the southwest and much Of the time the
crowd put in watching the wheat pit
The situation in Argentina was reported
much improved harvesting had already
begun' ana that the corn was Of good
QuaNIy. May corn sold as low as 60ikTS
GO7sc the first hour. but later reacted to
&c with the wheat hrmEcss. When wheat
broke late in the day. corn tumblad with
IT, Shbtl Selling WAS IlDEr3l ana several
long lines were said to have been Hqui-
dated. a sharp decline too May down to
tJ7sc. The close was weak. 5zfJ24c lower
for May az 60Hc. Receipts were 50 cars.
Oats were only moderately active with
prices yielding somewhat with wheat
and corn. The market was largely scalp
ing. and no important trades We're made
some Improvement was noted in the cash
business which tended to support the
pit against any marked decline Country
offerings were about the same as they
have been Of late. There was still some
nervousness in May options, but the luc-
tuations were narrow. May closed easy.
l4c down at 43Ac- Receipts We're 10 cars.
Provisions showed strong again today.
against the depression in grains There
was an opinion prevalent that We're it
not for the slump in c5rals hog products
would have had a marked advance. The
local run Of hogs was small and prices
were higher at the yards. Good buying
advanced all products after a higher
opening. Lard offerings were free but
were Well taken. Nav pork closed Ice
up ct $l562la; May lard a shade higher
at S45d9.47h. and May ribs 5U71sc tS,h-
er at $S.55Ei8.5719
The estimated receipts for tomorrow
are: Wheat. 20 ears; corn, 40 cars; oats,
1G5 cars. and ., COZ head of hogs
The leading futures ranged as follows: