The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-03-01
WHEAT CLOSED LOWER
IN CHICAGO MARKET.
CORN ADVANCED A FRAC
TON.
Longs Turned the Tables by Buy.
ing Instead of Selling-Oats Sta
tionary-Provisions Heavy.
REPUBLIC SPECIAL.

llUuUIy-l IONlSlUuS atdNy
REPUBLIC SPECIAL.
Chicago. Feb. 2S.-Wheat opened to-day 1t
about the price 1t left off yesterday and
closed &c lower. 1t declined &c from
the highest point made at the start and re.
covered it again. but reacted a trifie and
closed as above. Corn. after early weak
ness. under some energetic efforts to force
out long corn, easily recovered. when. at the
decline. the leading longs. instead Of selling
out. bought more. 1t closed &c higher than
it did Wednesday.
Oats, after yielding a trife. recovered and
closed at yesterdays figures.
Provisions were depressed by heavy re-
ceipts Of hogs and an unfavorable estimate
of stocks of provisions at Chicago.
Wheat.
Wheat opened at about the price 1t left
off the previous afternoon. but sellers soon
found themselves in a majority and the mar
ket yielded NC from top during the first
hour. Trade was extremely small during
the time referred to. and while sellers were
not numerous. buyers were still less plenti-
full, until the 1hc decline had been brought
about. when the ranks of bulls and bears
became more evenly balanced.
Liverpool reported sd decline early, and
its recovery later in the day. Paris was up
equal to Ac a blu. for February delivery,
which to-day represented the spot article.
and was unchanged for the later months.
Antwerp reported 12la centimes. or the
equivalent of &c a blu. decline. Chicago re-
ceived 60 cars Of wheat, as against 30 last
year; Minneapolis and Duluth 2S2 cars. as
against $50 the previous year, and 351 a
week ago..
The aggregate of the days receipts in the
West was 4s4, 900 bu.. being 5000 blu. less
than a year ago. Atlantic port clearances
In wheat and flour were equal to 465.0O bu.
Minneapolis cash wheat market was re-
ported very strong, but on the other hand
private cablegrams reported depressed feel
ing, both in the United Kingdom and Con-
tinental markets. The price rallied here
from 754sc to 7c in the middle Of the ses-
sion. Armour & Co. taking about $50. 900 bu.
at from 75ac to 76Isc. After that little squirt
the market relapsed into the dullness that
was largely characteristic of its normal
condition.
On Its reaction, May wheat recovered to
its highest point-761sc-but closed at 1880
76c, or Ac lower than 1t did the day before.
No shipping business was reported, but
New York reported eighteen boatloads sold
for export.
Business in the corn pit was on a fairly
liberal scale. with a full attendance OF the
regular specialists and a large contingent
from the provision pit. Although the nuc-
t%uations were confined to a comparatively
narrow range. the trading was more con-
tinuous than in other speculative
ties. where waits between periods of mod
crate activity were the rule. Patten. Prin-
gle. Page and Phillips were all prominent in
the trading, the first as a seller and the
other on the bull side. Receipts were of a
normal amount. with country acceptances
small. Local receipts to-day were SIS cars;
e cars last Isl y Walrn of Tv Which f't two were ss Contract ct.
and the estimates of to-morrow's local re-
ceipts are $40 cars.
AS the eight cars contract corn in to-day's
receipts all came from one station, 1t was
suggested that it was probably handpicked.
Liverpool quoted futures from I'D higher to
unchanged. Seaboard clearances were $751;
GOO blu. May corn opened from to
40&c. and gradually worked down to 4OA@
4cssc. at which point its friends came to
end, with trading at 40Ac as the session
came to a close. The final price yesterday
was 40Ac.
A good trade was done in oats and the
market closed at the same. price for May
as. 1t did yesterday. after absorbing a con-
siderable quantity Of long oats. Receipts
ing day last year. The estimate Of to-mor-
rows receipts was go cars. Seaboard clear
ances were $1,000 blu.
sparingly at 2s.saSSc. from that down
to 25asc. and closed at 251ac. The most inn
%portant Individual transaction was selling
ny = - e Va WV pus 0Ady Odl5.
Barley.
Barley. although not active. was strong
and 1c higher, owing to the small receipts
Is cars. Demand was very good and every
thing that appeared was quickly taken up
at prices ranging from 45c to SIC for lower
grade to good. with fancy nominally above
those figures, or $4,000. Screenings were
traded in at 30g36c. There was
some disposition to trade in barley to ar.
rive; Csc was bid, but nothing reported done.
Local shipments were 1854 bu.. n from
New York 1886 bu. Withdrawals from store
were 2,4GO blu. OF new No. 4 and $3.50 bu. of
new No. 8 quality.
Rye.
Rye started heavy. being Nc under last
final prices. but later the market
firmed up a little and managed to regain |
its early loss. The reaction was caused by a |
good cash inquiry which developed from
exporters Business up to within a short
time of the close was only moderate in
proportion. May opened at 5oAc. and sold
up to sic. Receipts were light, 4 cars, and
shipments 5000 bu. There were no exports
from New York. Rye. closed where ii left
off the previous day for Feb, and March
sellers. Spot No. 4 f. O. b. sold at 1910
6Oc. the latter price being paid for a choice
car. Just before the close II, 900 bu. of cash
Wara taken for chipmopt 1