The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-07
WHEAT JUST HEID IT'S OWN
WENT GIFT HALF A CENT AT THE
OPENING, BUT RALLIED
LATER
EXPORT DEMAND A FACTOR
Corn and GAS Were Fairly Active,
but Closed at II Loss-PrOVisions
Slightly Higher GA Buy
ing at the Close.
EXPORT DEMAND A FACTOR

CHICAGO. Feb. 6.-News of heavy en-
gagements rescued wheat from the Dog
into Wnicn the market Iel early, May
closing firm and unchanged. Corn CLOS
ed sc ana oats 7sc lower, while pfoNl-
sfoHs accorded JrifilnS gain at the
close
The opening in the wheat market was
not cheerful. In the Way OF news there
was nothing OF moment save the fact
that Liverpool had declined agreeably to
the example set on this sue yesterday
OUTSIDE interest, without Whlch the mar
ket is seldom II ever interesting OF M
portant WAS still undeveioped. IhlS lett
the generally bearish local crowd to tur-
nish a demand, and as they were IN no
wise inclined to this, If for the pleas
ure of injecting life into trade, the llo-
crafty of offerings from commission
houses and Individual longs resulted IN
heaV.neSs eariY. May Whc4t, which open
ed 1snAc lower, at l4MGti49sc, gradually
worked off to 743sc. The demand, Such as
it was, came almost entirely from shorts,
who took the opportunity TO secure
profits. AS the same TIME, however some
of them put out other lines, IN the belief
oil still lower figures for the cereal. Two
recognized bulls bought moderately, even
when the worlds visible increase an
nouncement had caused greater beariSh
confidence among their pelghborS in the
pit. Their buying had much to do in
steadying the market at 1850. 1t made
the crowd nervous. Attention was called
to the statement of an Antwerp CORE
spondent, that Europe was dependent on
this country for the best part Of Its I'm
ported wheat, and the HIelesSnesS or con-
mental markets could be removed by en-
couragenent from this S de- As If in con-
firmation of these assertions exporters
at the decline began reporting foreign
enga gemenLS, which before the END OF ire
session aggregated sc loads. Shorts, al
ready nervous, betOOk themselves to pro-
tect their operations made earlier, and
May rallied to 741Sc, closing firm and
unchanged at that figure. A Rosario ca
bic reported supplies increasing and hold
ers weakening, while Liverpool tip laid
the easiness IN that market to increasing
offerings from India and domestic liqui-
dation. Primary receipts aggregated &c.,
900 bu, compared with 43S-G00 bu the cor
responding day last year. OF this total
Chicago had 40 cars, none of contract
grade, while Minneapolis and Duluth re-
ported 269 cars, against rs last week and
S55 a year ago. Seaboar6 clearances in
wheat and flour were equal to 100000 bu.
The world $ visible, according to Brad
streets, increased 1,6l6 coo bu during the
week
Corn enjoyed moderate activity within
q narrow range of prices. The opening
was shade easier, in sympathy with
wheat, and to the latter market was also
attributed the decline which followed.
Longs dumped considerable quantities
into the pit. Commission houses were on
both Sides of the speculative fence, but
shipping support was slack, Eastern bids
being sc out of line. The decline, how
ever, brought heavy buying orders into
the pit, and as 4 result the market par
TALLY recovered and closed steady May
sold between 391sc and 221hG3SBc, and
closed sc lower, at 3Sz4c- Receipts We're
S95 cars.
Oats were quiet. but independently
firm, futures drawing support from the
active cash situation, after a dip early
with the other cereals. May sold be-
tween 255A @l252sc and 51sG25Z &c. and CLOSED
firm, sc lower at 2514c Receipts were
125 cars.
Business in the provisions pit was dull
until just before the close. when prices
rallied on few buying orders to a tri1c
above the previous days final figures.
May pork closed 212c higher, at s14; May
lard, a shade up, at $7.471&@750 and May
= ness early was due to heavy hog receipts
and sympathy with a depressed market
at the yards.
The estimated receipts fer tomorrow
are: Wheat, IS cars; corn. 295 cars: oars
1S2 cars; hogs, Sc, 0G0 head.
me leaolng futures rangad as fniInws.