The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-03
NAY WHEAT YIELDED

CHICAGO. Feb. 2.-After temporary firm
ness today, wheat yielded to further iiquida-
ton of long property. Heavy export tak1ngs
at the seaboard checked the decline liae from
the top price of the session and May closed
was a net ,oss of &c. Corn and cats held
aiocf fTom drmorai:Zing association with
wheat and left OFF at an ads OF &c in
ccrn and h4@assc in oats. Pork and lard are
a shade higGer and ribs unchanged.
1ae circulation Of many crop damage re-
ports and fair buying orders from New York,
started wheat firm, but without much ami
NATION. May opened ~ higher at I49smAc,
aud during the FIRST few minutes trading ad-
Nanced to 75!sc The price current in its
remarks concerning the condition or the
winter wheat plant said most of the wheat
area had snow protection and the average
condition OF the plant was only moderately
lowered, while its general promise was good.
That was sort Of frost tAat nipped the bud
ding expectation of crcp scare and May
declined to 749s974Ae again.
Chicago received 80 cars, Of which four
graded contract Minneapolis and Duluth
go. 46e carloads, as compared with 400 for
the corresponding day year ago New York
reported heavy buying OF futures there by
foreigners, while advices from Liverpool were
to the effect that offerings from Argentine
were diminishing. That encouraged consider
that point the bears put the kettle on and
gradually boiled the price down. St. Louis
and New York sold heavily and this brought
about considerable enforced liquidation by
local spectators. May declined to 73Ac
Aggregate receipts at Western primary
markets were co., 0o1. compared with 4S7 eco
bu year age. Atlantic port clearances of
wheat and -four equal to 963 900 bu.
This Helped TO check the decline, and when
New York reported 50 boatoads disposed of
Tor export, the early short sellers covered in
sufhcient quantities 10 start the price up
ward and al the close May was bringing 1855
Q1Ss4c, buyers
Corn showed independent strength which
was attIie ted chiefly to a good export de-
mand and light accep;ances of bids sent out
through the country last night. The trade
in the pit was fairly large, with commission
houses doing business on both sides. The
old-time bulls, however, increased their lines
and the close was within fraction of top
price for the day. Receipts were moderate.
Gle cars. May opened shade higher. at
S3fSG3Sc, advanced 10 3Sc, met some profit
taking and declined 10 312c then rallied TO
SSAc. the c:osing price.
Light receipts and q good shipping demand
strengthened oats. Offerings were scarce Re
ceipts, l49 ears. May began a shade higher
at 2Sls@2SI4c, rose to 2SI2c, and closed at
2S3SQ2Slac
smaller Increase in stocks than ex-
pected, together with higher prices for hogs
sharply during the fore part OF the session
on account of extensive buying CT ribs. Later
however the advance was lost in sympathy
With the decline in wheat, and selling OF
pork by packers. May pork opened a shade
higher at $40, 42lsG10. As, rose to S10.50 de-
eAned to slO.S5, then frmed up to SO 42lk.
the closing figure. May lard started 21sc up
at S5.S5, rose to $500 then weakened to
S5.S21a and closed at s5.S5. May ribs began
shade higher at S5.1712G5.20, advanced to
SITE
Estimated receipts for Friday: Wheat. so
cars; corn, 200; oats, 165; hogs, 1900 head
The leading futures ranged fol:owa: