The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-01
CHICAGO CHANGE.

CHICAGO, Feb. 2S.-Grain speculation
was swayed by the weather today Gen
eral storms had an early bearish effect
with corn and wheat traders, who sold
short early, were forced to cover The
close showed May wheat Loose highert
May corn &QBc higher and May oats
1sc advanced. Provisions closed nc to
1212c up.
Corn was again active and strong and
led IN the advance that marked all pit
trading. Cables, small Western accept
dhceS over night and some fair early
buying started bulIish sentiment again
TO this was added the influence of the
heavy rains in the West, which. it was
argued, would further embarrass the
country movement. Southwestern mar
kets were not oVerburdened by corn Of
lerlngs, the receipts at both Kansas CITY
and st. Louis being smaller than the
shipments. Commission trade was in good
volume and fairly divided. There was
heavy selling Of long stuff, as the market
advanced by local people who bought a
few days ago between 59c and Goo. May
opened 1sc higher at 61Rc, touched 61Ac
and then steadily mounted to 62Ac. clos
ing strong Ap7sc higher at 621s662Ac.
Receipts were 100 cars.
Wheat opened less active and lower
today but soon began to feel the strength
IN corn and cats and ruled very firm.
Gables were disappointing and early of
ferlngs were met with low prices. The
general rains and liberal Northwestern
receipts We're additional factors. Bears
began selling short at the outset The
general business was not large, but st.
Louis turned strong Statistical papers
made favorable reports of the crop con-
ditions, but traders who had sold short,
became frightened when they saw the
Spurts OF corn and oats and covered. The
Southwest did some buying here. as did
st. Louis. New York was repOrted sell
ing. All told the wheat market was ner-
YOURS. May opened 14c lower to unchang-
ed at 761sc to 76$sc, advanced to Tie and
closed firm, 12@9sc up at 767sd77c Local
receipts were - cars, 5 of contract grade.
Minneapolis and Duluth reported 3S7 cars.
making a total for the three points Of
4o6 cars, against SIT cars last week and
542 cars year ago. Primary. receipts
We're $4,000 bu compared to 476,C0) blu
year ago. Seaboard clearances in wheat
and flour equaled $4,000 bu Argentine
shipments We're 100000 bu. compared to
S24,GO bu the corresponding week last
year.
Oats were active and shorts manifest
ed nervousness over the prospects of fur
ther curtailed movement. Receipts were
only 80 cars. There was a good COM
mission house demand early and some
professional buling. The corn strength
also had a strengthening effect Cash
people bought freely. There was liberal
selling at top prices, but the general tone
held strong. May advanced from 43ssc
to 449sc. Closed 1c higher at 44Ac
Provisions made up more of their re-
cent losses and held to a strong tone.
Lighter receipts and better prices at the
yards influenced a higher opening and a
fair commission house demand and the
grain strength advanced prices and the
market held well. English houses dd
some selling. May pork closed rye up
at Sl5.4h May lard, TIC higher a $937lA
and May ribs, 50712c advance at $S421a.
The estimated receipts for tomorrow
are: Wheat, 30 cars; corn, $50 cars; oats,
50 cars, and 10000 head of hogs.
The leading futures ranged as follows: