The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-03
MARKET SUMMARY.
FINANCIAL

C11rCAcO Feb Escaping operations
cons ituted most of the trading IN az Itro Ine
grain markets today; Wheat was was t sITUad
early on a rally at Liverpool, but tu TeSi
weak under the leadership OF the Ne" 1oIh
market and closed Ssc lower. corn SN DIV
Lice decline. Oats closed unchangeu. [ ~
visions were very strong anu au'e'ii0'u Ivy
271bc with good trade. ,a
Traders in wheat were somewhat PuzIIeu
at the { art by the action OF LlVerpool, Iha'
market in spite of yesterdays ADVANCE mere,
onaning slightly lower and a weak feeling on
the curb was noticeable in consequence.
Later. cables coming in before the opening
hour showed the decline recovered anu SUM
ADVANCE besides. Rumors were also current
of a sale of a big block of Letter wheat aho
seaboard messages told Of COCO GaDle ac
ceptance Of wheat offered to the other sue
The feeling was rather divided at the opening:
NAV started at from $3.50 20 soc, the lower O!
the figures being &c under yesterdays CLOS
ing price and with quite few offerings at
that figure though of small lots, but there
WAS vastly more buyers than sellers, and
few minutes after the opening 96Ac was OF
fered for May. That price brought offerings
in abundance, and the price Tell 10 9oc' lheh,
after a short rally, to SoAc. That price
ruled for some time. Not only was there
realizing at the top, but short selling as
well. .
Indicating crop total of 40G, $50 Goo bu, though
quite generally ridiculed at first had consid-
cradle effect the morning wore on. Gut
siCh of this news was not particularly i'm
Northwest receipts were rather light, Mime
apolis and Duluth reporting 2J4 cars, against
275 last week and 225 last year. Chicago re-
ceipts amounted TO AZ cars, of which were
of contract grade. Primary market receipts
were 32S. coo bu, against p, Geo blu year ago.
The market grew quite weak during the
afternoon. Prices had in the meantime rallied
on the receipt of strong closing onlnental
cables, May getting up to Soc again, put ad-
vices from New York showing break IN the
February price on the small deliveries on
February contracts and reports of free offer
ings of Pennsylvania, Maryland and Ohio
wheat to arrive there. This started selling
again in this market, and gradually carried
the May price down to 951sc. The closing
was 95A @952sc.
market was firm at first with wheat and on
small receipts, and was sustained for while
by a little buying by shorts and against puts.
Z ne late weakness Of wheat caused some sell
ing by professionals, and prices dropped off,
the market ruling easy at the close. May
ranged from 2S7sM29c to 285s02Sa4c, and
closed a shade lower at 2S5sG2SAc.
The market for oats was very dull, the
little trading done being almost entirely of
scalping nature. Early frmness was Induced
tT wheat, and when that market declined
oats followed. Prices kept within narrow
range. May ranged from 241sc to 233sc, and
closed unchanged at 237sc.
Provisions was the strongest market on the
floor, and a fairly active trade was done.
Renorts of stocks hand during January
showed a much smaller increase than ex-
pected, and this caused quite general cover
ing b. horjs. Packers were also good buy
ers, ard prices advanced from the start, the
market ruling firm to the end. May pork
closed 27l2c higher, at $1G0712; May lard. bye
higher at S4.3212 and Nay ribs, 15c higher,
at IS. Estimated receipts Thursday: Wheat,
q, corn, 800 oats, $50; hogs, eco head.
The leading futures ranged as follows: