The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-27
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT CLOSES WEAK
DOUBT AS TO CROP INJURY CAUSES
LIQUIDATION.
Demand Is Active at the Opening, but Not
Much Wheat Is for SaIe-Sentlment
Suddenly chanees-oats and Corn
Higher.

CHICAGO, March 26.-Doubt as to the
severity of injury inflicted upon winter
wheat led many traders to liquidate to-
day, causing a weak close. Compared
with last night, final quotations On July
wheat are down 1s@Ac. Corn is UP Ac
Oats are also up Nc. Provisions are prac-
tlcally unchanged.
Freezing weather throughout Kansas
and as far south as Oklahoma caused an
active general demand for wheat when
trading began today. There was rush
Of Iuying or.i..s from commission houses,
shorts and pit traders, but apparently little.
wheat was for sale. The opening quota
tions on July at S8@SSasc. showed gain
of II @5sc to y ole over yesterdays clos
ing figure. The opening figures were at
the high point of the day.. For time
the market held firm under the influence
The cash situation at Minneapolis was
reported as strong with a good demand
for No. red winter wheat as well as Tor
la1gf grades Reports from the same
the latter part of the session sentiment
suddenly changed and considerable liqui-
dalton set in The selling was due in part
to an impression that little harm would
OF the sudden changes in temperature,
and partly because of desire among
local scalpers to even up over. Sunday.
Offerings met with little demand, in con-
sequence. the market weakened perceptI-
bly,. July closed at the bottom with a
loss of A@Ac. at S7Ac, After selling be-
Clearances of wheat and flour were
equal to 114S00 bushels Primary re
ceipts were $4,000 bushels. against 49,
Sot ousaeis year ago. Mnneapos 81 D 99o
cars, against 1886 cars last week and l99
cars year ago.
Leading Bull Buys Corn.
Purchases of half million bushels of
May and July delivery. by the leading
bull interest We're the features in
tered demand, but the support from the
principal long was the main influence in
creating strong market. Reports from
Iowa Of poor quality of seed corn We're
minor factors. Offerings came largely
from small holders, but there was. no
great selling pressure. Prices received
some setback late in the session, due to
the weakness in wheat, but the close was
firm. After opening at 1s@Ac to h@%c
higher at 50%c to 50Ac, July sold be-
tween 50% @507sc, closing at sos @5014c.
Local receipts were 126 cars, with two of
contract grade.
Oats, showed greatest strength during
the early part of the session. There. was
active covering by shorts on small re-
ceipts and good cash demand, while Of
ferlngS were only moderate. On the break
in wheat commission houses became free
sellers, and an easier tone developed. The
close was steady. The opening on July
was A@3sc to as@kc. higher at 1875 q
3SAc. After ranging between 38@3SAc,
the close was at 3S@3S1sc. Local re-
ce1ptS were 135 cars.
Provisions were firm early in sympathy
with higher prices for hogs and on the
strength in grains. There was a fair scat
tered demand with small offerings. Later
moderate selling by packers caused a
loss of nearly all the early gain. The
close was steady with July pork SC higher
at $13.35. July lard was unchanged at
$7.15. Ribs closed shade lower at
$7.021a @7.05.
Range of Quotations.
The leading futures ranged as follows: