The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-21

CHICAGO, Feb. 20.-AH the grain mar
kets received a setback today, even the
strength of corn evaporating under
pressure of long stuff showing profits.
Wheat was depressed by weak cables
and poor demand and closed %Q15c
lower Corn declined A9$sc, and oats
1sQAc. Provisions closed Irregular,
shade lower to PIC higher
All the strength which characterized
the close in wheat yesterday had disap-
peared before the opening Of regular
trading today. Early cables were q dis
tinct disappointment, showing but
Slight response at the opening to the ad-
vance here yesterday, and even this soon
disappeared. Besides this, the cash de-
mand was exceedingly light. Shortly
after the opening realizing movement
developed and selling pressure from this
source was soon increased from yester-
days closing figures.
The liquidating movement was not of
long duration, but the demand did not
improve as. the pressure was relieved,
trading becoming dull almost to stagna-
ton. This condition existed with short
periods of moderate activity almost to
the close, with prices keeping within
narrow range.
Some Improvement in tone was created
by the decrease in the worlds visible,
where an increase was expected by most
traders, but the advance was slight, no
really important buying following the
posting of the figures. The Southwest re-
ported a good cash demand, with farm
ers hauling to market on large scale
The worlds visible decrease, $4,000 bu
Primary receipts were placed at 431, COO
-ebu Minneapolis and Duluth received 472
cars, against 403 last week and 479
year ago. Chicago receipts were 70 cars.
Atlantic port clearances of wheat and
-four amounted to $4,000 bu. The sea-
board reported IL loads taken for export.
Sales here for shipment amounted to 10O,-
600.
May wheat opened at 6S1sc a decline Of
A@asc; sold at 6SAc, declined to 674Q
677sc and closed ssQ12c lower, at CSC.
There was a broad and active mar
ket for corn, and prices changed rapidly.
though the range was not wide. Early
In the day a disposition to realize on
long lines was shown, some promt-
nent bull traders unloading moderate
ly, and a sharp break In prices re-
suited. Scalpers followed the lead OF the
big traders and accentuated the weak
ness. Shipping houses were also sellers
against country acceptances. On the
decline a good speculative demand de-
veloped, and ultimately part of the de-
cline was recovered, the market closing
OOAiSANASA 1890
nervousness at times. Receipts were 1855
cars. Primary receipts were large and
the shipping demand rather slow. May
ranged from Soc to 9512c, closed A@ssc
lower at 35lsc.
Oats were dull and weak Independent
features were lacking, the market for the
most part being influenced by the weak
ness of wheat and corn. Receipts, 267
cars. May ranged from 2Sssc to $3.50
23s4c and closed 1sq1zc lower at 231ac.
A fairly good trade was done in provi-
sions. Early in the day prices declined
somewhat in sympathy with lower yard
prices for hogs and liberal receipts, pork
especially showing weakness under short
selling. Late in the session the improved
tone In corn helped provisions. Pack
ers took hold more freely, and prices re-
covered the early loss. At the close May
pork was shade lower, at $10.971k@11
May lard, unchanged, at s6O71a and May
ribs, 21ac higher, at $6.05.
Estimates Wednesday, Wheat, SIS;
corn, 4S0; oats, 1870 cars; hogs, $4,000.
The leading futures ranged as follows.