The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-25
WHEAT WAS LIFl CHESS

CHICAGO Feb 24-Wheat was llfeless
ard heavy today until within few minutes
frcra the close when 4 sharp revival OF export
demand changed the course and May lett OIL
AG$sc higher. Germ acted in unison win
wheat and closed sc h:gser after early weak weak
lard unchanged and ribs 4 shade higher;
The general surroundings OF the %nea'
market were unchanged at the commences.
ment Gables were lifeless, the weather was
not a disturbing factor and Argentine snip
men to Europe for the week were apous as
anticipated. Under these circumstances May
wi eat opened q shade lower at from 10 10
73ikcGf7Shc and fer an hour or so gave very
little indication of getting far from those
figures. Chicago received " cars, against 10
Minneapolis ard Duluth receipts were 4O2
carloads compared with 621 for the cor
responding day last year me arsen aad
shipments of wheat for the week were so
00O hu against l,40S 900 the year before.
Some bearishness was impaired &c the mar
ket by estimates of large increase In North.
west stocks during the week. Receipts OF
wheat az Western primary markets amouhteo
TO 652 go bu. whereas only 4ll.WO ou were
received Cor the same day last year. ATLANTIC
pert clearances were equal III wheat ana
flour to 6S3 eco bu.
The drought was reported broken in Cali
fcrnia and the bears TOOK an inning on that
information. After backing ard hlnng De,
tween 723sc and 7SAc for May wheat untH
the last hour Of tne session. the market De
came weak and looked for awhile as Il II
rumCrs of considerable export business having
been done commenced to be circulated.
Soon il became known that 100000 bu or
wheat held in New York had been sold for
export, and float 10000 OF Kansas wheat
was disposed of to be shipped by way of
gulf ports.
Late cables bid more for wheat than the
price at which they accepted the orders OIL
yesterday. That changed the whole COM
plexion Of the market. aud from being list
less and inclined to so lower. it became very
strong and quite active. May waeat mounted
in minute from 72&c TO 1850, and before
the end it brought 7SAc, with the latest
trading at 139sc.
Lack Of outside speculation, free country
offerings and liberal receipts depressed corn
early. The market very heavy and dur
ms the middle hour Of the session, hardly
trade was made. The sudden upward whir
IN wheat, however, caused rally in corn,
and during the last fifteen minutes of the
session the market gave a wonderful eXhl-
bition of bulish spirit. considering the dull
ness of its previous aspect. Receipts, GIL
cars. May opened irregular at from $3.50 to
@6Isc declined to $3.50, then rose to S6ssc at
the close
The cats market was influenced almost
covering by 81 Orts. but outside of this, there
was very little den and Receipts, Y cars.
Nav began a shade lower, at ." 92i3sc,
weakened to 279sG27S4c, then improved TO 2Sc,
sellers at the close.
There was a fair provision trade, with pork
rather easy, on commission house selling.
Shipments were moderate 100000 pounds
meats and loo, 600 pounds lard. May pork
opened PFC lower. at S9.62la. rose to S9.SI1s,
sold off 10 S9.57Ih, and closed at $500. The
range in lard and ibis narrow.
Estimated receipts for Saturday: Wheat,
&c cars; corn. $50 cars; oats, 2S5 cars, and
hogs Is 600 head
The leading futures ranged as follows: