The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-23
GRAIN TRADE is WEAK
NERVOUS FEELING IN PIT, AND
WHEAT CLOSES LOWER
Rain Aids the Bears, and Oats Also
Fail in the Trading, but Speed
lily Recover in the Face of the
New Weather Reports.

CHICAGO. April 22-Weather was
agam the ruling factor in grain specula-
Llon today At no time was trading
nervous feeling was present. Nav Whea +
closed shade lower, May corn sc IN
and May oats CSC advanced Provisions
closed 212c to 50754c higher.
Reports of rains in the wheat beIts
tended to an early decentralization of the
wheat pit. Advices kept coming in
| however, telling of the almost parched
cohoton OF the ground before the show
erS, and stating that the rains were nv
no means sufficient to save the cronS
Ihose who thought prices would go rat
Jung down soon moved TO replace their
| snort lines. The Southwest had weaken
| ed materially on the rains but soon ad-
| Vanced above Chicago prices Clearing
| weather was reported where the rains
were most needed and. an unexnente "a
rise IN prices followed. May wheat open
ed sc to PC to AQ3sc lower at 74Ac to
749sc, and sold off to 73zs674c Then
came Bradstreet's report of 6,650,O000 b1
decrease in the worlds visible supply and
good buying resulted. Commission houses
that had sold literally early for the
Southwest bought back rapidly The To-
cal crowd oddly enough was bearishly af-
fected because the weather was some
what cloudy in Chicago.
This, with the reports of more rains
southwest, caused a little late selling
and after May had sold at 751sc, it closed
steady shade lower at 1850.
Corn Follows Wheat.
Local receipts We're 81 cars. Minneapo-
lis and Duluth reported 179 cars making
a total for the three points of 236 cars,
against 1874 last week, and 302 a year ago
Primary receipts were 30l, 000 bu, compar, d
to 36l, coo bu a year ago. Seaboard clear
ances in wheat and flour equaIed I'll 900
bu. The seaboard reported Il loads
Corn was largely under the influence of
the wheat market. Early in the day
rrice5 sagged eff on the rain influence in
the wheat pit, though the natural condi-
ton of corn would not permit of as mark
ed weakness as shown early in the other
cereal Selling was liberal and develop
ed until May prices Gagged off from 617sc
to 61Ac When wheat rallied corn ac-
companied it. and showed better relative
strength. There was a buling move
ment talked of by the crowd that was
conspicuously buiiish in July corn several
weeks ago. This added to the growing
strength. Although the interior move
ment was a little better Of late the
crowd looked at the receipts bullishly.
May sold up to 621ac on the reaction. and
closed firm, sc higher at 62Ac. Trade
was nervous but rather quiet. Receipts
were 12I cars.
Oats Fall, but Rally.
Oats readily felt the bearishness of the
rain reports, but rallied quickly with the
other grains. Trade was quiet, but the
late buying on the reaction on the other
pms was OF SoOu Character ana DFOuSht
in ''tailers The rains have not been
sufficient to relieve the fears for the new
crop, and the general news of the feed
situation is not encouraging. May sold
as low as 1850 and as high as 431Ac, clos
ing firm PC up ae 4314c. Receipts Were
24S cars.
Provisions We're weakened early by a
weak hog situation. There soon develop
ed q strong cash market, however, and
offerings in futures were restricted.
Packers offered q fair support, especially
in ribs, which advanced the best of the
list. Prices closed firm, May pork 242c
higher at Sl545; May lard 213c up at
SYST. and May ribs 5Q7hc higher at
$S.O21s669-05
The estimated receipts for tomorrow
are: Wheat, IS cars; corn, 60 cars; oats,
los cars, and $1,000 head Of hogs.
The leading futures ranged as follows: