The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-20
CORN STILL N TIE LEAD
SPECULATION IN THAT GRAIN DOM
MATED THE BOARD OF
TRADE
CLOSED At A SLIGHT LOSS
Wheat Was Strong, Gaining Half "a
Cent-Oats Closed Unchanged,
and Provisions Receded
Slightly.
CLOSED At A SLIGHT LOSS

CHICAGO, Feb. 19.-The corn market
sturdily resisted a heavy profit taking
movement today, and closed with the
May option only shade lower. Wheat
showed a somewhat mysterious strength
and closed at an advance of Lose for
May Oats closed unchanged, and pro-
visions 21aC lower to PFC higher. The
Germ market was animated, holding fast
to its recently acquired position as leader
of the board of trade speculative attrac-
tons. The liquidating movement which
began in force yesterday was continued,
and, while the volume of business was
smaller. it was still sufficiently heavy TO
draw attention from all over the floor.
The. crowd, encouraged by lighter coUn-
try offerings. small contract stocks, and,
above all, by the Stubbornness with which
the price had yielded in the saca of i'm
mense sales by longs, was optimistic and
absorbed all offerings in cheerful conf
dence that the high price of the crop had
not yet been reached. May opened &c
lower to 1sc higher at 401zc to 41ac. Of
ferings were taken readily, and the price
soon touched 407sc. Here the selling pres
sure became heavier, and May reacted
to 4O1sc. At this price the market stead
led, and for a considerable period it
was a game of give-and-take between
s0kc and 403sC, with longs or one side and
commission houses and the local crowd On
the other. The close found the market
strong, May only shade lower at 1910
40ssc. Receipts We're $40 cars l Of con-
tract grade. Corn equal to contract re-
quirementS here amounts to only $542, 900
exporters reported 35 loads taken for for
eign shipment.
A degree of mysterious strength per-
meated. the wheat market. The best buy
ers, and the market was a dull one, were
owners of elevators. This occurring dur
ing a month when elevator people are
generally selling futures against their
low grade wheat stimulated covering, but
the trade. generally was in small lots
May opened shade higher, to 1kGl1hc low
er. The market was run CD to 753sll7515c
during the fore part of the session. The
announcement of an increase OF $50, eco bu
In the worlds visible caused q brief Sus-
pension OF buying, but towards the end
of the session the market. rallied again
and closed strong at The top, May 15@E%c
higher at 759sc. Exporters reported 10
loads taken to go to the other side, while
Seaboard cleaTanceS in wheat and flour
aggregated 100000 bu. Local receipts
We're "A cars, 2 of contract grade, and
the aggregate receipts at Minneapolis
and Duluth were 367 cars, against 472 a
year ago. Total receipts At primary
with 8l,OO0 the corresponding day last
year Cables were steady.
Transactions in oats We're not large,
and fluctuations were narrow The re-
ceipts here, 81 cars, were the largest in
some time, and moderate amount Of
selling by elevators was thereby occa-
stoned. This was well taken, however
May sold between 253sc and 2512c, and
closed unchanged at 25i2c.
Provisions recovered from slight de-
preston which was left over yesterday
Hog receipts were heavy and this had
a weak ening effect early, hut was offset
later by good cash demand May pork
closed 21Rc lower at S14; May lard PFC
higher at $7.45, and May ribs 27Ac up at
S705.
The estimated receipts for tomorrow
Wheat, So cars; corn, 270 cars; oats.
185 cars; hogs, 3S,000 mead.
.ssEhe~Ieading futures ranged as follows;