The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-20
WHEAT GOES UP A BIT
FEARS REGARDING WEATHER
CONDITIONS CAUSE SLIGHT RISE
Price OF Feed Is BuIIish, and This
Aids Price of Corn, Although
Trading Is Active Only in Spots
and Selling Is Free.

CHICAGO. April 19.-Fears in the minds
OF grain SPECTATORS over the weather
conditions produced another nervous
market day. Bullish sentiment preCom-
mated, though trade was not brisk and
at the close May wheat had gained 40
&c and May corn 1sGt4c. May oats stood
unchanged Provisions stood unchanged
to 70 cents lower
Wheat was ruled by the weather The
people who sold late yesterday on the
rumors OF rains, bought in hurriedly at
the opening, when drynesS was reported
again, and caused sharp advance. The
small Northwestern and primary receipts
also cause some alarm to shorts and in
duced good buying al times. Traders we e
firm in the belief that the whole future
OF wheat prices hinges on the moisture
that may or may not come to the relief
of the winter crop in the next ten days.
For some days the dry weather mas
been discussed, and as days go by with
out the needed rain, the situation grows
more critical and complex. Southwest
ern news is generally circulated that
there will be a very serious shrinkag e
in the area of spring wheat in the three
Northwestern states.
Cash Wheat Growing Scarce.
Cash wheat is growing scarce here and
in the interior and this consideration
caused holders to stand firm today. No
shipping business was done here today,
and the export demand at the seabOar1
was called POOR. These worked against
the early upturn, but exceptionally large
clearances Of wheat and -four, us, $50 bu
together with the bullish factors brought
a rally. May opened 3s1zc to 124J7sc
advance at 7412c to 74$sc and soon sCId at
7z&c A dip followed on prohttaking, but
the situation was strong and May closed
AQ7sc up at 743sc.
Local receipts were 40 cars, none CT
contract grade; Minneapolis and Duluth
reported l03 cars, making a total Tor the
three points of only 143 cars, against leo
last week and 307 year ago Primary
I'm rod IN
600 bu last year Australian shipments
were 24S,000 Blu for the week, against 472,-
600 blu the corresponding week a year
ago Signs point to a marked decrease
in the visible supply next week.
Corn trade was only fairly active in
spots. The opening was 12g3sc higher
in sympathy with the wheat advance, but
the demand was not brisk enough to sus-
tain the better prices, and selling was
free with the local crowd After the
opening bulge the market became q scalp
ing affair and prices eased to last night s
closing figures. Statistics were still
bullish, however, and the price of feed
became a bulIisn factor. Cash offerings
West continued small and receipts were
70 cars here.
Sample Trade Is Dull.
There was some talk of a better move
ment, but conservative traders persisted
/ in the opinion that there could be no lib
| eral receipts here. Cables were Indifferent
| and the sample trade was dull. May corn
! sold at 623sc, eaSed Off to bZc ana closed
| firm, 1s0Ac up at 621s062Mc.
Weather was the factor In the oats
market. Drought ana the higher prices
! possible for feed Influenced good buying
| early for investment and short accounts.
Wheat and corn aided in the advance.
July and September both had good up
turns and held much of their strength.
From appearances there is no longer q
fear Of a corner in May. May opened
| at 43s4c, and closed unchanged at 43c.
REGENTS were 143 cars.
Weakness ruled in provisions, with
pork much lower, ribs inclined to follow
pork and lard fairly steady on packers,
support. Liquidation and weakness OF
the hog market in spite of small run
Of hogs caused the declines. 1t was re-
ported that the weakness of hogs was
due to manipulation by packers. The
grain strength was a feeble offset. May
pork closed zoe lower at $3.50; May lard
unchanged at 1915 and May ribs 71aqi0c
down at $9.12R.
The leading futures ranged as follows: