The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-10
GOOD DAY FOR GRAIN
BJLLISH NEWS CAUSES ACTIVITY
AND BETTER PRICES ALL
AROUND IN PIT
FEAR IN THE SOUTHWEST
Crop Conditions Appear to he
Growing Worse, but With Export
Bids Out OF Line Cash Bus
mess Is Not Good.
FEAR IN THE SOUTHWEST

CHICAGO, April 9.-BulIish news pre
Eaihng In grains again today Lr3ught
lar aetlvlty and better prices all around
LIQUIDATION for profits made the marIxats
ulp al times and brought a restless fasI
ing. Bu!l spectators, however. vera
III control and, continuing tactics of ves
VI gay bfought net gain in May wheat
OF 7sc, May corn &c and Nav oats -
PROVISIONS closed to 10 cents higher
speculation in wheat was better than
lcf some days past. Conditions favored
the DuIIs from the start. Cables were
Elghef; receipts were very small only
SIN cars here, two cars at St Iouis
ana one car at Duluth, and clearauceS
were nearly double all receipts There
was a decided sentiment that the market
was on the uptUrn and good buviner ser
III, some from the country COVERING
augmented the advance; and advicps
from the southwest that the cold wealth
81 was not helping wheat growth set
many to buying.
There were continued reports Of de-
cfeasing stocks and Bradstreets showed
the worlds visible supply decreased M
z ~ o wv bushels, where it was increased
422CO0 bushels last year. Weather oy,o,
the wheat states is cold and dry wna1.a
the warm and rainy season is due 10
make good the previous damage 10 me
winter crop.
Southwest Conditions Feared.
At times there was proft-taking that
brought reactions, but voluminouS buv-
where
IL seems crop conditions are becomine,
verse, brought good rallies. Traders
argued that the speculative demand for
futures from that section gave confrma-
Ilon 10 the damage reports However
export bids were out Of line. ana M
cash business was not very good. Nav
opened BQAc to AG3sc higher at 71Z r.
tZc' sold to 1214c, eased to 715s01asc and
up at 72Aq729sc.
Local receipts were six cars None of
contract grade; Minneapolis and Duluth
reported 10 cars, making total for the
thfee points of only eighty-one cars
against 32l last week and 212 a year ago
Urinary receipts were 234 900 bushels
compared to $4,000 bushels last wear
Seaboard clearances in wheat and flour
bushels last year.
Corn started out with a good show or
strength. Receipts were very small: and
reports from the Southwest started good
aod Kansas CITY and St. Louis did
good buying and those markets were lp
Sharply. Shorts covered freely and at
one time it looked as if there would he
a big bulge. Offerings at the better pric-
eS ana far- profit taking brought re-
peated dips which the rallies only barely
overcama.
Cash Demand for Corn.
The cash demand was much better.
%. Louis selling for shipment 147 ODt
pIsneis, out of a total stock there Of
5z5,o0o bushels. Kansas City stocks were
reduced 232, 600 bushels The temporary
less Of the advance in prices was due
largely 70 an absence of a vigorous de-
mand The late rally in wheat helped
materially. May corn sold early at 59Hc
eased to 581205S3sc, and closed barely
firm, 1sc up at 5S75c. Receipts were 23
Oats were quiet. but were aided some
what by the strength in other grains
Receiving houses were early buyers: bur
Tor time prices eased on dip. some
support SUI, was given on the news that the
Illinois crop had suffered from the cold
weather and that much of it would have
70 be reseeded. Trade was Indifferent
May sold as low at 42Ac and closed lie
higher at 4212c. Receipts were So cars.
provisions held firm against the de
pressing influence of a weak hog market
Lard and ribs were in good demand on 4
supposedly Improved cash situation. Pork
at tines showed weak spots, but the
whole list was supported by packers. May
pork closed Sc up at $3.50; May LARD I0c
Vanced at $3.50.
The estimated receipts for tomorrow
are: Wheat Is cars; corn. 80 cars; oats
lO5 cars, and 26,000 head of hogs.
The leading futures ranged as follows: