The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-02-06
AFTER FLUCTUATING OVER A FAIR
RANGE THE MARKET CLOSED
UNCHANGED.
ONCE THREE-oUARTERS UP.
REALIZING JUST BEFORE THE
CLOSE CARRIED THE PRICE
DOWN AGAIN.
CORN AND OATS WE'RE NEGLECTED.
Coarse Grains Left OF for the Day
n Shade Lower, and PrOvis-
ions Scored Declines.

CHICAGO, Feb. 5.-Wheat, after fuctuating
all day over a 12sc range, closed at sub
stanually yesterdays figures. 1t sold at one
time at &c advance but realizing near the
close carried prices down again. Corn and
oats were neglected and closed a shade lower,
the weakness being more marked in oats than
in corn. Provisions were weak and declined
212G752c. Wheat was subjected at the open
ing to much the same sort of influences as it
was Thursday morning. The Liverpool mar
ket was rather disappointing, because the ad-
vance was only I'D to begin with. Both
New York and Chicago houses doing an export
business reported that there had been no
foreign acceptances of wheat corn offers
made to the United Kingdom and continent
yesterday. The Northwestern receipts were
heavier which was an additional disappoint-
ment to the bulls at the start and still an
other disQuieting circumstance was the fall
ing snow at the time of opening. The open
ing price for May was from 75A q 751kc, against
yesterdays closing price of 75%c, with a
sale of two as low as 1850. 1t kept within
the range of 75Ac and 1850 for about an
hour, and then gradually improved until it
got to 76c, and a sale or two at 764sc tran
spired during the confusion incident to the
Quickness Of the rise.
The strength was brought about by the
report Of rains in the Southwest, which were
supposed to have carried off the snow protec-
ton, and left the wheat plant exposed to in
jury from the cold wave which is said to be
Approaching that territory. The later cables
were also said 20 be better, and the clear
ances from the seaboard showed up gener-
ously, amounting to 100000 bu in wheat and
-four. Covering in this market of St Louis
shorts and the strength Of the st. Louis mar
ket were no small factors in maintaining
prices during the morning. Chicago received
- carloads, against $50 ON the similar day
Of the previous year. Minneapolis and Du-
luth receipts were 299 cars compared
with 1874 last week, and 5S4 a year ago. After
the market had touched 7619c a reaction to
zee took place. This price was maintained
for some time, but during the closing hour the
tame closing cables, coupled with the realiz-
Ing which gradually assumed quite generous
to 759sc. The closing price was 755sQ75Ac.
A very small local business was done in
corn. The market was steady until the close
when it yielded -trife on account of the
softneSS OF wheat. Fluctuations for the most
part did not exceed Lice, though widening
out late IN the session. Atlantic port ex-
ports amounted to 757, 900 blu. May opened
shade lower at 241s@D24Ac, sold sparingly at
941sc and 247sc, closing at the opening price.
Oats were only active at intervals. business
for the most part being light and uninterest-
ing. The market weakened slightly with the
other cereals. May opened a shade lower
at 173sQ17%c, sold to 177sc under some short
covering, then weakened to 176sc where it
closed. Provisions were heavy and prices
again lower The chief feature was the extra
heaviness of lard compared with ribs the
former getting at one period of the session
10 1Oc lower for May than the same delivery
for ribs. Liquidation, especially by outsiders.
was quite heavy during the morning, but a
little better feeling developed near the close
on covering of shorts. At the close May
lard, about 21ac lower at $3.771a and Nav
ribs 212c lower at $685.. Estimates: Wheat
70 cars; corn, 702 cars; oats, 300 cars; hogs,
1900 head.
The leading futures ranged as lollows: