The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-18
CROP HIGH PRICE RECORD WAS
AGAIN BROKEN IN YESTER-
DAYS DEALINGS
STRENGTH HELD TO THE CLOSE
Wheat Closed Unchanged, BEING Sus-
tained Only by High Price of
COrn-Oats StrOng-PrO-
visions Lower.

CHICAGO, Feb. 16-Corn was again the
leading deal on the board of trade today,
May breaking the options high-price rec
ord, and closing with net gain of $50
s4c for the day. Wheat was dull and mar
row, and closed unchanged. Oats closed
Aq&sc higher, and provisions 212Q5c de-
pressed
Corn concluded a bull week with its
activity and strength undiminisned, and
prices on new and higher level. IT
approached the environs of the natural
squeeze. The talk was of empty cribs,
OF farmers who showed no disposition 10
sell, and of the exceedingly poor show
ing of new arrivals when the came I'M
der the eyes of the inspectors. Many big
elevators reported absolutely no response
to bids sent into the country last might.
May corn opened 1sQhc lower at 4Osgc
to 40i2c, under pressure from outside
interests The crowd, however, was bull
ish and gObbled up all offerings, with
so much enthusiasm that the market
straightway rallied to 4lAc. On the ad-
vance there was heavy outside buying,
while those on the selling side yesterday
covered at s. loss. This advance tempted
realizing sales under which May reacted
to 1850. Here the market became almost
bare of offerings, and under a heavy gen
eIal- demand the price shot up to 4l4c
end closed 5aG%4c over yesterday at ALSO
4114c, with the demand still clamorous.
The cash situation was said to be
strengthening all around" Of the days
receipts, 301 cars, but l graded contract.
The Spartan spirit of the bun interest
In wheat became apparent, when with
only the reflected strength CT corn to help
it, the wheat price was maintained
against a plentitude Of bearish news.
Liverpool and continental cables were
weak Australian shipments were nearly
double those of the previous week, while
ercrmOus worlds shipments and big
increase on passage wee indicated. May
wheat opened A04sc lower at 7540701sc,
and rallied with corn to 75%c during the
forenoon. Following this the market re-
sponded to the break in corn by dropping
to 75l4Q759sc. The final upturn in corn
carried wheat UP to i5I5n75Ssc, and the
close was unchanged at 75l2c. Cash
transactions were very small. SeabOard
clearances in wheat and flour were
equal to 1900 bu. Primary receipts ag-
Sregated 502 coo bu, compared with 517, 900
bu the corresponding day last year. Min
neapolis and Duluth reported Al cars,
against 3a6 last week and SOP a year ago.
Local receipts were Is cars, , Of which
were equal TO contract requirements.
q Oats were fairly active. The market
pened easier in sympathy with other
grain markets. Early offerings were li0-
eral at 25iac, but later the corn strength
caused ar active demand at that price,
enc man taking in 800 con bu. May rallied
sharply to Aaic, and, although outside Of
feringS became more liberal at this ad-
vance, the market held firm and closed
at the top, AQ$sc higher. Receipts were
254 cars.
Provisions were moderately active The
market opened lower because of heavy
hog receipts An advance followed in re-
Spouse to the corn strength. but this
merely served to cause selling by local
closed easy. May pork sold between
Sl4.20 and $14.G712. and closed &c lower at
Sale; May lard between $7.55 and $3.50,
closing 212q5c down at $7.5OQ7 .52l5, and
May ribs between $7.12l5 and 1.07I297 10,
with the close PIC depressed at $40
Estimated receipts for Monday are:
Wheat. IS cars; corn, 800 cars; oats, 395
cars; hogs, $1,000 head.
The leading futures ranged as follows: