The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-27
I'LL PRICES SHADED OFF
BOARD OF TRADE YESTERDAY
WAS DULL, CLOSING LOWER
ALL AROUND
OUTSIDE SUPPORT LACKING
Otherwise BuIIish Conditions in
Wheat Failed to Cause Any
Sustained Advance-Nar-
row Range of Price.
OUTSIDE SUPPORT LACKING

CHICAGO, Feb. 26.-Speculative condi-
lions today on the Board of Trade We're
not materially changed, although the
tendency was towards easier prices.
Wheat closed a shade, corn Ac, oats 1sc
and provisions 71Aql212c lower.
Wheat was irregular in regard to price.
Traders evinced a disposition to await
something distinctively indicative Of a
change in the crop conditions before as
Stunning their stand Outside business
was conspicuous by its absence and to
this was due the declines which followed
every advance May opened 1s@Ac low
er to unchanged at 765s076A @T61sc, 1ntiC-
cnced by a report that the Kansas wheat
acreag e would be per cent larger than
last year, with the plant in excellent
condition. Light Northwestern receipts
and a short-lived commission house de-
May rallied to 765sQ7624c. That some of
this covering was due to the expectation
of a heavy worlds visible decrease was
shown by the slack respone the mar
ket made when the figures were given
out. This bulge tempted realizing sales,
and as the trade was keeping an eye on
the declining corn market, May fell Oft
to 76lsc A leading operator bid the mar
ket back 10 76l5c, but there was plenty
for sale on the bulge and May again de-
clined, closing shade down at 7614c.
The worlds visible supply. according to
BradStreet' s decreased 8 $50 coo bu during
The last week Exporters reported y
loads taken. Seaboard clearances in
wheat and flour reached a total of 263,00j
bu. Primary receipts aggregated 415,0J0
hu, compared with 53g,G0a Du the CORE
spending day last year. Minneapolis and
Duluth reported 210 cars. against 267 cars
last week and 500 cars a year ago. Lo-
cal receipts were 50 cars, none of which
graded contract
Moderate activity characterized corn
during the first hour, but thereafter the
market ruled dull At the start commits
sion houses traded literally on both sides
of the fence, with the scalping element
working on both sides. Leading opera
tors were inactive and enough long stuff
from scattered sources came out to give
the market a. declining tendency all day.
Even with the market under lie offer
ingS were liberal for some time, but at
40S4c the support was better and the
close, though easy, showed some of the
loss reeained Country offerings were
more liberal, though not large. Cash
trade was slow. May sold between -1lB
@41Ac and 4G$zc, and closed &c lower at
41c. Receipts were 500 cars, 8 of contract
grade.
There was a fairly good trade in eats
within narrow range of prices. May
sold between 25Ac and 259sc, and closed
3sc lower at 259s@25Ac, the corn market
being an influence throughout. Receipts
We're AS cars
Provisions were dull and weaker. The
opening was steady on light hog re
ceipts and strong market at the stock
yards. The cash demand continues among
the bullish items and some of the early
buying was said to be for export, but
hGllish influence those facts may have
had and the close was easy. May pork
sold between $1475R and d40115, and
closed l2!zc lower !. at $401g; May lard r.
closing TIC down at S.47!3Q7.50, and May
ribs between s7.15 and s7.071a, with the
close 715c depressed at S7.071a
The estimated receipts for tomorrow
are; Wheat, SO cars; corn. 295 cars; oats,
l5s cars, and 5000 head of hogs.
The leading futures ranged as follows: