The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-02
MAY OPTION AT CHICAGO SHOWED
A NET Loss OF 3-Sc
TO Lee
OTHER GRAINS WERE STRONG
Corn a Quarter and Oats IA Shade Up
Provisions Irregular, Closing
z I-2 to &c Lower to
DC Higher.

{ CHICAGO, March 1.-Irregularity mark
ed the course Of the grain markets today
the heaviness of wheat forming con-
trast with the corn strength and the
sympathetic frmneSS of oats. Corn closed
&c and oats a shade higher, while wheat
showed a net decline of as6IlAc. ProviS-
ions also were Irregular, closing 232Q5c
lower to sc higher
strong market for corn existed
throughout the session, and the volume
of business transacted reached an impos-
ing total. Speculative interest was CEN
tered III this market, and the pit was
Congested by SPECTATORS attracted from
other parts of the floor. Commission
houses operated heavily, but The pres
sure was nicely balanced generally, and
it remained for the prominent operators
TO make or break prices. There was
little news OF a decisive character. May
cpeped unchanged to 3sc higher at 405sc
strong character of the buying and Gov
cring. forcing the market up to 4lAc. The
wheat weakness proved influential on the
advance, and some corn bought earlier
was unloaded, May dropping back to
411sc, resisting stubbornly. The close was
firm at that price. &c over yesterday
Local receipts were go cars, of con-
tract grade. Deliveries on March con-
tracts were only 100000 bu Under the
influence of light Northwest receipts. q
decrease in Argentine shipments last
week and the SteadineSS of cables, May
wheat opened shade higher at 753kc to
&c and sold to a limited extent at $50
9e1sc. Heavy pressure was brought to
bear on the market and May dropped
cut on the decline The aggressive
strength of corn caused covering under
which May rallied to 757s@76c. Persistent
selling by a big long, and the lack of
outside encoma cement, caused renewed
hcaYinesS and the market during the
afternoon broke to T51s@75Ac. On the
dip shorts took profits and the market
reacted 10 152sG1512c, and closed at that
price, asQ12c lower and rather heavy in
tone. Export business was reported dull
Seaboard clearances in wheat and flour
We're equal to $4,000 bu, while primary
receipts aggregated 1860 bu, compared
with 52S, coo bu last year. Minneapolis
and Duluth reported. 81 cars, against 641
Il year ago. Chicago receipts were rs
shipments, according to the board OF
trade announcement, were 1000 bu last
week. 100000 bu less than the previous
week, and more than 100000 bu under
last years during the corresponding
period.
Oats were, dull. but firm, in sympathy
with corn. May sold between 25]3c and
2555c and closed shade higherNat 25120
&3sc. Receipts were 203 cars.
In the provisions market lard and ribs
We're fairly active. but pork was gen
orally neglected. The latter was wanted
in small lots, and, as little was offered,
this item of the list ruled comparative
~ firm. Outside packers were liberal
sellers of lard and ribs, and prices suf-
packers gave the market some support
May pork sold between $13.971s ard
$l4.G1@, and closed SC higher at s14. OH: ;
May lard between ST. As and S7.3Th@7 49,
closing 21aG5c down at S7.40, and May
ribs, between 81 and $6.95@6 .97&, clcs-
ing PFC depressed at 81.
The estimate ed receipts for tomorrow
are: Wheat, IS cars; corn, $50 cars; OATS
Z75 cars. and 22,C00 head of hogs
g The leading futures ranged as follows
lOpen-lHigh-l LeW-I Clos