The Saint Paul globe., 1902-02-28
CHICAGO CHANGE.

CHICAGO, Feb. N.-Corn strength was
the dominating factor in grain specuIa--
tion today, and working against depress-
ing influences in other pits, steadied
wheat and oats and itself held firm. May
wheat closed 4s@Ac down, May corn 1ac
hagher and May oats shade higher. Pro
visions closed 5@719c to 10c higher.
Corn trade started out somewhat bet
ter than at yesterdays close influenced
by firm cables. The crowd, however,
took the selling side early and an easy
local selling was offset by a fair COM
mission house demand, the Southwest
buying literally, and professionals later
came in the market with bull intentions.
AS prices advanced shorts were forced
to cover and a good trade developed
Kansas City and St. Louis again took a
lead in futures over this market There
were claims that cash business was go
ing on there. The strength in these
markets did much to help bull sentiment
here. Prediction of storms in the
Southwest also was a bull factor. May
opened unchanged to Ac up to at 6034c
to Gle, eased to 603sc and then jumped
smartly to 621sc. Late in the day profit
taking caused a loss of much of the
higher at 61ssc. Receipts were much
lighter than estimated at lis cars.
Wheat had only the corn bulge to
help it in a struggle against numerous
ly higher, but at no time reflected yes
terdays local strength. Northwestern
and primary receipts were increased and
the crowd took the selling side There
were reasSuring reports of crop condi-
tons that helped bear the market, as
did an absence of demand for the grain
in store. Under these influences May OPEN
ed 1sQ1zc to 14QSsc lower at 76ssc to 764c
and eased to 761sc. Then the corn infiu-
ence began. to help, the outside bought
and predictions of cold weather in the
West also helped. May sold up to 777sc,
but the late liquidation in corn started
the local crowd, who had been the best
sellers. to hammefing the market again,
and prices slid off. May closed weak, 1s
G14c lower at 76$sc, Local receipts were
81 cars, of contract grade. Minneapolis
and Duluth reported 533 cars making
total for the three points of $40 cars,
against 292 cars last week and 342 cars
a year ago. Primary receipts We're 656.-
600 bu, compared to $4,000 bu last year.
Seaboard clearances in wheat and flour
equaled $4,000 bu. The seaboard report
ed 10 loads taken for export
Commission houses took hold of oats
early and bid the price of May to 44c.
There was fair buying on the strength
of corn, which exerted some influence;
but near the close May was offered more
freely and this strength was lost. West
ern offerings were rather light. Local
receipts were small. Provision people
were the best sellers. May closed steady,
a shade higher at 4315c. Receipts were
80 cars.
Provisions were fairly active and main
tained a good strength during the ses-
sion. The start was slightly lower, in
fuenced by heavy receipts at the yards
and consequent lower prices for hogs.
Covering on the grain advance and some
small buying advanced all provisions and
lard Ice higher at $9.3$, and May ribs 5
@71bc up at S835@S.3 .3712.
Estimated receipts for tomorrow:
Wheat, 20 cars; corn, 130 cars; oats, 81
cars; hogs, $1,000 head.
The leading futures ranged as follows:
IOpen. High n Low. Close