The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-15

CHICAGO, Feb. 14-Wheat behaved in
an meXplicable way today, closing sc
lower. AFT err "a nervous irregular session.
Corn established another nigh mark for
the. crop and closed Ease over yester-
DAY. Oats closed 1se up. and provisions
212c to 2Gc improved.
At any stage of the speculative play in
Wheat it was extremely difficult to dis
Germ the impulses governing the market.
1t Yves a. nervous, hesitating, Irregular
affair. The market yesterday advanced
in the face of beariSh news; today it de-
clined on 2dvices which on the surface
locked emphatically bullish. May open
ed shade higher to a shade lower at
76c- to 757kc and under the influences of
nent advanced early ON small trade to
76lsc Paris was up 80 centimes because
of a belief IN the passage Of a bill remit
ting duties of export flour. A frost was
also reported and had some influence in
the advance at Liverpool although Beer
bOhIn> declared that conditions in France
were favorable to the crop; On the ad-
yanSe trade became very dull, and a lit
tie foreign selling added to local liquida-
ton sent May off to 75%c. The corn
strength later frightened some wheat
shorts, whose covering caused a rally to
76j4c. Longs owing to the nervous, I'M
certain appearance of the market thought
1t advisable to secure profits. May con-
sequently turned heavy and closed at the
bottom, &c under yesterday, at 7512Q75}sc.
primary receipts were $4,000 bu, COM
pared with 1900 bu a year ago, this
eonpa Tisen being one of the bullish fac
tors ignored by the market. Minneapolis
and sDufuths reported a total of Sill cars,
against 299 last week, and 5G9,s Tor the
aayS last.syeatF. fresh ar
-rfvt1S- here numbered 81 cars, one of
which graded contract. Exporters re-
ported twenty loads taken for foreign
Shipment Seaboard clearanoes i'll wheat
and flour were equal to 262, 600 bu. There
was a better domestic flour demand re
ported but half the Minneapolis mills
erGre closed, and the cash demand here
was slow. Wheat for July delivery Eva ;
fstiIf Sold rather freely and the diseotsS-
under May Widcned to 1870.
Corn was fi14n, but extremely dull up to
noon, After that it became suddenly
active and aggressiVely strong. The mar.
making a new high price for the crop.
The closing squirt was due to covering
by shorts, who took sudden turn be-
cause. of the absence of country selling,
nlodSfa te receipts, higher cables and the
continued poor grading of corn received
here. May sold between 391ad393sc and
404sc, and closed 1aQ3sc higher at 40ftt@
4c1ac. Receipts were 32S cars. Clear,
Snces,s $780, eco bu, were material benefit
to the market, although the shipping bus
mess here was slow.
There was a fair trade in oats, and the
market was firm, the corn strength, a
good cash demand and moderate receipts
here being the supporting factors. May
sold between 25A@253s1 and 251ac. and
ebqSed. .1sc higher at 251sc. Receipts were
: Provisions, ruled firm, though rather
dull and narrow. The demand, mostly
for pork, was started by the strength of
the hog market, and the pace was main
tanned later with the assistance Of the
corn strength. May pork sold between
$l4.1216 ard $1435, and closed zoe higher
at $14. 321a; May lard between $3.50 and
S7~60, closing PFC Up at $7.5719, and May
ribs between 81 10 and $7.171a07 20, with
fsthes .cIqse. a715> improved at %.1713
The estimated receipts for tomorrow
OF 0sar-Ys rfaa< aQI~C a
2l5 cars hogs, 10000 head.
=slIhesleading futures ranged as follows: