The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-03-25
GRAIN ON A TOBOGGAN
GENERAL LIQUIDATION AND
LOWER PRICES IN EVERY PIT
Opening in Wheat Firm on Steady Ca
bles and Covering by Shorts-Bear-
ish Feeling Develops and Decline
Follows-Considerab Activity in
Corn

CHICAGO, March 24-Quite general
liquidation in the grain pits
caused weakness in all the
markets and May wheat closed 3-4c
lower. May corn was down SIS and
SIC and oats were 1 3-Sc lower Pro-
visions We're weak, the May products
being off from 5 and lie to % lie
There was liberal liquidation of May
wheat and that option ruled weak,
while the July delivery was quite firm
me opening prices were firm on
steady cables and on covering by the
shorts. who We're somewhat alarmed on
account of the colder weather, May
being Is and Lie to ia and 3-Sc
higher. at 73 to 13 1-Sc. After the first
half hour of trading the news became
bearlsh, advices from abroad being dis
couraglng, and there was a general
disposition to sell May, with some
changing from May to July, which
resulted in gradual decline in the
nearby months. The small decrease
In the worlds visible supply and the
weakness in the outside markets added
TO the depression and with no show of
support May sold off to Il Use Cow
eflng by shorts caused a slight rally
late in the day, but May closed 3-4c
lower, at y 1-Sc
CIearances of wheat and flour were
equal to $4,000 bushels. Primary re-
celpts were $4,000 bushels, against
$4,000 bushels a year ago. Mime
apolls and Duluth reported receipts of
40 cars, which. with local receipts of
81 cars. none of contract grade, made
total receipts of 1872 cars, against 27O
cars last week and 734 cars a year ago
Corn is Active.
Corn was quite active throughout the
day, but after a little firmness at the
start the market developed weakness
and lower prices ruled. The opening.
was firm on higher cables, and in syn-
pathy with the strength in wheat, but
longs in the May option were disposed
10 nquidate and with only a moderate
demand that delivery became weak.
july, however, held rela lively firm, be-
ing at premium over May at one
time There was considerable chang
ing from May to July. which was large
~ responsible for the better tone of
the more distant option. May closed
% and 3-4c lower. at AZ 7-8c. after
ranging between 23-4 and 43 7-Sc.
Local receipts were 243 cars, none of
contract grade.
There was heavy liquidation in Nav
oats by tired holders, while there was
also considerable changing to the July
delivery. AS a result Of this session
movement, the nearby month was ex-
tremely weak, but July held fairly
STEADY. The offerings were taken
mainly by shorts and there was little
eHort made to support the market.
May closed l 3-Sc lower at 81 ga and
81 l-Sc, after selling between 81 SIS
and SO Lie. Local receipts were 329
cars.
In spite of a strong market provi-
slons opened barely steady and the
early weakness was augmented later
by selling by brokers and in sympathy
with the decline in grains. Tradine
was fairly large, but mostly local. The
close was weak. with May pork down
Y lie. at $3.50. May lard off - pc
al SlO and ribs and 1-2c lower. at
$3.50 and s9.S2 1-2.
Inc estimated receipts for tomorrow
are: Wheat, Is cars; corn 70 cars
oats, 1875 cars, and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follovs.
nVNO