The Saint Paul globe., 1902-05-10
GRAIN TRADE is SLEEPY
EVERYTHING HELD IN ABEYANCE
FOR GOVERNMENT REPORT
Undertone Is Firm, However, and
Wheat Closes at a Fractional Ad-
vance-BuIIish Sentiment Lends
Strength TO the Trading in Corn,
and Prices Close High.

CHICAGO, May 9.-Grain trading was
very quiet today, waiting for the govern
ment report on the crop siJua ton, which
is expected tomorrow In spite of the
slOwness of the market. a very nrm un-
dertone prevailed, and July wheat closed
&c h ger. July corn AQ$sc higher and
July oats 9sc Up. Provisions were aga-n
independently strong, and closed 7124l712c
advanced.
AT the outset wheat showed a fair, firm
tone on the colder weather Northwest,
dryness Southwest. with reports of still
further retarded spring wheat sowing. be-
cause OF moisture and crop damage from
Kansas. Yesterdays cash situation was
still bullishly effective. and handlers OF
cash stuff stll reported a cont nuance OF
the demand aroused during the recent
decline. There was some expectation that
the government report would lower the
hSures of the previous month but the
recollection that prices generally break
on the government report together with
the fact that conditions in winter wheat
have materially improved since the gov
ernment observations were maze. retard-
ed IN, good advance on this factor.
Demand Was Light.
Offerings were light. and receipts were
small, Although the demand was only
Ialr, 1t was sufficient to hold UP the mar
ket- A fair export business was done az
the seaboard, is loads being reported
me Michigan state crop report showed a
condltion of S2 against S. last month.
minneapolis and Duluth reported that
STOCKS would show a decrease of leo, 900.
On these influences JULY. which onanei
unchanged to sc higher at 745yG574slc p
sold up TO I5c. fuctuated narrowly and
closed firm, 1sc up, at 74%c. Local re.
SSTTipts were 81 cars. Of contract grade.
minneapolis and Duluth received l53 cars
making total for the three points ~
zV4 cars, against 292 last week and 23s :
year ago Primary receipts were a48 OOO
~, Z H., compared to $4,000 bu last year
against l0l2,oOO bu last week.
Corn Slow but strong.
Although corn trade was slow rn,,ot -
lhe tune, IN sympathy with the waiting
wheat market the tone ruled strong mn
DER the prevailing bullish sentiment The
epd p5iinis was higher on the wheat advance
@IIu @ colder weather, but the continued
small receipts. declining stocks and tha
sood cash demand that governed fhe ntt
1as,,6S As usual of late. the crowd quickly fol-
lowed the lead OF the leading buiI bousos
some small scalpers sold, as did cnmnois
SION houses, early and caused a ain hII+
,N,E when the bulls began to buy September
thai 9aS or+iaG 1or several days they had sold
ela TT g[, closed with gain of Nc at e02sc
ana July after selling at sIT5c ciosad ~, W,
ssa7iys, 80 ~, a. oi2sc Favorable weather for
ed corn seem not to effect and increaea
sn ,,,oiI IioIuntr% offerings. Receipts were very
small at 70 cars. 'e4S
Oats and Provisions
oats experienced a strong and fairly
afctlve market most of the Session Tbs
,,,so rgadlns pull professional in Nav options
was was IN the pit buying fairly, as also Uere.
several big commission houses. There
- ~. sun some fear of manipulation ~ the
pa,,I9d p5I Dy the principal bull Corn streneth S
and offerings were small, shipning eoelPts sd}lsi
erd6z ~ele large and the cash premium inti,I
GIlcea fts a. the market. July closed strong ar
CENTS wars mg ure: re- 7sc higher. at 3624c. Re-
nraaee dRere was some fair liquidation for
sl35ost Pl94ts IN hog products but it was NOT nor
Vvaro ir nioL 70 reIard a good advance. Prices
W. wGIg hlgher all day, and the tone r,,Ied
strong on the higher prices at the vsrSs lqtGu
ing g'0a rIE packers e6s support and outside buy
s15 421L, cuIy IN PORK & closed 171zc higher at
Jqry ny ribs 712c higher, at So. 72i5. ~ anu
" i ne ne estimated receipts for tomorrov
10 cors Heat, 70 ., cars; cars; corn 80 cars; oats
The leading futures ranged as foIIov,s.