The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-27
AIDS BULLS
ALL GRAINS CLOSED HIGHER AFT
Err FLUCTUATING TRADING
Business Is More Active and All
the News Aside From Rains Is
UnfaVOrabIe to Bears.

CHICAGO, April 26.-Wheat expert
enced normal reaction from yesterdays
bad slump, and with numerous bulIish
factors TO aid 1T lent strength to other
grams. Trade was not heavy, but July
wheat closed 7sc higher, July corn &c
higher and July oats A03sc higher. Pro
visions gained 1212c to 171ac
Deficiency Of moisture in Kansas and
almost freezing temperatures in many
parts of the wheat belt started wheat
upwards at the opening, the cables were
hrmer than had been expected, and re-
celpts, both primary and Northwestern,
were small. Inasmuch as the shortage
in receipts has been apparent for some
time, and comparisons have been made
against short crop year, the bears be-
came discouraged again and shorts COW
cred freely.
Excepting rains, every argument was in
FAVOR OF the bulls. After the initial up
time, prices fiuctuating weakly. Con-
corning Kansas Bradstreets had a spe-
cial report saying a three-fourths yield
at the. best, and 60 per cent probable
was to be expected. Weather fore casts had
q bad effect. Frosts were predicted in
many of the Western states where
warmth is most necessary. Then came
the report OF seaboard clearances of
$4,000 bIl-exceptionally large-and of a
fair outlook for export business with
France.
Greater Part of Loss Regained.
active. and the greater part of yester
days loss was regained. July opened u
to Ac higher at 7534Q757sc to 75l20755sc.
advanced to 1850 ard closed firm 7sc up
at 75!s076Ac.
Local receipts were SO cars; none Of
contract grade; Minneapolis and Duluth
reported 1853 cars, making d total for
the three points of 1856 cars against 143
last week, and $40 year ago. Austria
Ian shipments were only 152, 900 blu,
against $4,000 bu last year Primary re-
eeipts We're 215,000 Blu, compared to 49,,
COO blu last year.
Brokers in corn reported the highest
trade for Saturday in many weeks. An
explanation was bad wire service on
account of the storms, which almost
shut off the outside. Another cause was
the hard jolt spectators received yes
terday. What argument there was ia
Vored the bulls Wheat strength and
firm cables aided in an early upturn, but
prices moved narrowly most of the ses-
sion
Speculative offerings were very light,
and consequently there was little sell
ing pressure. The cash demand was
good and the Southwest was very bull
ieh. St. Louis reported good cash sales
and more desired than could be obtained.
In general. however, corn was without
feature, save it's strength. July sold
between 64G641bc and 6312c, and closed
cars
After 4 firm opening in oats in sympa-
thy with strength in the other pits, there
was a momentary selling pressue due to
the heavy rains and their effects upon
the sown oats. When this pressure was
removed there was some response to a
light demand, and prices advanced. July
thew Standard sold between 311293'7sc
and 374c, and closed firm, A47sc up at
37$s@37hc Receipts were 1876 cars.
Trade in provisions was largely local
because of bad wire service. AT the
start the grain improvement and steady
hog market induced buying, which ieVen
as hog prices weakeneD continued to
improve. There was a momentary dis
position to sell on the hog situation, but
very good packer support developed a
strong market. Pork was in best de-
mand, but lard was also wanted. Trade
in general was dull Pork closed The
higher at SIT 05; July lard 1212c up at
$40 OH, and July ribs 1212c higher at
SO 49,.
The estimated receipts for Monday are:
Wheat Is cars; corn 125 cars; oats, 20
cars, and $1,000 head of hogs.
The leading futures ranged as follows: