The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-01
GRAIN MARKETS SAGGED EARLY,
But LIBERAL SUPPORT PRE-
VENTED MUCH LOSS
WHEAT WENT OFF A QUARTER
Corn Gained an Eighth and Oats
Closed Unchanged-PrOvt visions
Were Weak, Showing
sc to IL lie Loss.

CHICAGO Feb. 2S.-A retrograde move
ment on a moderate scale marked the
early course of the grain and hog pro-
duet markets today. Provisions at the
close showed no recovery, being from
&c to 1212c under. yesterdays final figures,
but the grain markets received better
support on the dip, corn closing &c high
er, oats unchanged and wheat-the
easiest of the gratns-Ac lower
May wheat, having opened unchanged
TO a shade lower at 761sc to 712Q761sc, de-
clined during the first hour to 1880. under
moderate sales by commission houses
and generally bearish pit traders. The
first dip was accomplished in the face of
steady cables and moderate receipts.
Persistent buying by leading elevator
firm finally had the effort of alarming
shorts, and a sharp rally to 761sc took
place. The liberality of seaboard clear
anceS and the moderation of primary re-
celpts, together with reports OF the ap-
pearance of fly in Central Illinois also
combined to make the bear contingent
somewhat uneasy, but their pessimism
was too deep to attach much Importance
to anything advanced by the bulls as
consequential, and. despite the efforts of
the agents of the elevator concern to
sustain the market, it was hammered
back to 1890 at which it closed, 14c I'm
der yesterday; Exporters reported seven
loads taken for export.
SeabOard clearanceS in wheat and
flour aggregated $4,000, while primary
receipts reported a total of $4,000 bu,
y
apolis and Duluth reported 2S2 cars,
against 351 last week and $50 year ago.
Local receipts were sixty cars, four of
contract grade.
Business in the corn pit was on a fairly
liberal scale, with a full attendance of
the regaIIar specialists and consider
able contingent, from the. wheat and the
provision pits. The. market eased off
early under heavy pressure from the
bear leader and, selling by the crowd
in sympathy with the decline in wheat.
The persistent buying of another opera
tor, however, and the rally in wheat,
caused covering by shorts later and the
and 4014 @403sc, and closed 16c higher at
407se. Receipts were 1856 cars, eight of
contract grade. p. -.
Transactions in the oats market were
fairly, large, but the market as usual
found its motive in the actions of other
grains. Heavy selling for the long ac-
count market early and equally liberal
buying the latter part May sold be-
tween 2512G259sc and 253sc and closed
unchanged at 25hc. Receipts were 1876
cars.
In provisions the activity was chiefly
in lard, which was sold on a liberal scale
by a Milwaukee packing concern. Pork
as the market received only scattered
support, prices declined and the close
was rather heavy. May pork sold be-
tween Sl4. 1912 and $14. 0211a, and closed 121Sc
lower at $14.021g; May lard between 81. 50
and $l4. 4232Gg7 As, closing 71a010c down at
and S90l ,027a, with the close sc depressed
at S7.0219.
The estimated receipts for tomorrow
are: Wheat, % cars; corn, 80 cars; oats
$50 cars, and 600 head of hogs
The leading futures ranged as follows: