The Saint Paul globe., 1902-02-27
CHICAGO CHANGE.

CHICAGO, Feb. 26-Widely varying
opinions as to crop conditions and rapid
changes in sentiment influenced nervous
~ active grain markets today Early
III the session all pits were weak and
eventually became oversold. Later re-
curIeDce damage reports firmed the mar
kets, and May wheat closd 3sc highr.
May corn &c up and May oats %61c
h;gher. Provisions closed a depressing day
190S5c lower.
Wheat ruled weak early and sold low
er. Several bearish factors were at work
Such as unresponsive though slightly
hlgher cables, heavy receipts and fair
weather. These turned yesterdays buy
ers to the selling side Several promi
nent bears sold short and were Joined
by many of the longs Liquidation was
rather general early, and the outside
age reports came in, out in spite of
them a great deal of wheat was for
saie. Even reports that New York had
an sxLhen more stun on the break yester-
uay thall haq been supposed did not help
prices. Gradually, however the Unuida
tion ceased, and the crop Killer had
Gnance to get in his work. Damages
We're reported from Kansas Indiana Oh
lahoma and Nebraska, and the outsida
markets began working upwards This
IrigLtened the shorts, who covered eag-
more frequently. There was decidedly
more snap TO trade than for some time
ana ana the relatively stronger position Of
oI1e tne cSarser &c ser grains helped wheat May
75a4c, and sold off to 75$sc. The reaction
LOOK LOOK May, up to 1850, and the close was
urn, @ 7sc higher, at 761a@765sc An early
Gplod 1ad naIl II posing Northwestern receipts,
1Vv cars larger than they really were
Wnen en dlscovered, had a little strengthen.
ING erect. Trade was fair and showed
d good increase after the early. lower
prices. Kansas City reported that Was+
ern offerings of wheat were NOT increas
ing. Local receipts were 80 cars tu1o
f,+b In orCract I grade. Minneapolis and Du-
4oril fo,. lleported 4o0 cars, making a total
aGd aor the three points of 462 cars against
go last week and 2S4 a year ago Prima
Iy receipts were $3.50 bu. c6Tnnared
eJoa ~ Fd.'VVo ,g bu last year. Seaboard clear
bn - rha IN Mneat and flour equalled 276 OCO
fo me seaboard reported SO cars taken
- Corn held frmer than wheat all
dtGusn actiyes +n9, hne gay. and was somewhat more
q%cIlNe; though 1t sold lower earlier and
cSuIlneu strong last, the same as wheat
oraa,t 80 nles We're better, and influenced a firm
oP oPPe,llng; Say held ssc higher to IN
however. hamn3ssre9 m pu3sno9c, The bear crowd,
ene 1nluence of the wheat break corr
eased to 599sc. The pit was oversold ~
Itis esso,e.aI eaLent, and when prominent pro-
me low price, the crowd chanoed fbair s;c
aesilInents and bought freely and Gov
- Frey snort accounts. The actual Situation
little changed hang d5iarTft Ts experts say, is very
tui1 tuHi[talled feeding, but ACCOMPLISHMENTS.
tlis commission houses generaiIHt baLrS
NO arised Matchlng the market clcSey. No
,tata5Q 11eotaS increase in corn offerings is ex
pected for some time One of fba orjT
clpal pull factors was the total War+-
cc,,,,t cll, corn movement of only 4O2. 900 bil
compared to 1.O56,O00 bu the same da1
4as las, week. Many. fought hard against
ene early depression, and when the tide
turned, rose buoyantly to 6O7bc and clos
lis cars, ip'S were
Oats opened strong ana b;uL
Wenred "a 9hiLe4rlngs. hi,4 There. was little May
t ~ahleu' out there was practically non,
1or sale, and the market advanced Hc
70 supply the light demand. Then h,,SSt
ness ness turned duh until prominent 1on,y
1roiuea s., went i into the pit and bulled the
ing IT oats, and the crowd was niavino
watching game The cash demand v1oS
somewhat better, though the somewha3
49,. 9Ssuoen upIurn In futures restricted sales.
mertarily after the higher oDenine b,1t
tne later strength. in that pit also fended
TO help oats. May closed X01c biqbaT
at 4SSsq4319c. Receipts Were 80 cars
th,.te,olI rto0LSlons Were weak and much lower
throughout the season. The opening was
loWer on long hog market at the Yards
ana shortly after the start a hard rail-
Was Was made on pork. Lard and ribs de-
clilleu 81 IN sympathy and selling. was rath-
er general. A little buying was done Nv
ehe packers, but not enough to cause =
good recovery. The late grain strenetb
nelped little, but later commissiotl-
aouse selling in the products caused a
4urtnef decline. May pork sold as low
as $l5.l5, and closed 35c depressed ~
$l51I72; May lard closed S150171bc down
at S920, and May ribs 10c lower At AZ ID
Esltlmated receipts for tomorrow are:
wheat, ~ cars; corn, $50 cars; oats so
cars and 1900 head Of hogs ''eS 0V
The leading futures ranged as follows:
IODon High I ouT I1SJocc