The Saint Paul globe., 1902-02-25
CHICAGO CHANGE.

CHICAGO. Feb. 24.-Grain prices STUN
Oled at the opening of the board today
Then the bears gave them a Vigorous
push and everything went down hill
or and prospects for plenty of grains
was the cause Of the slump MAY wheat
closed with a net loss of 17sc, May corn
dl72c and May oats 1Ac. Provisions lost
Everything in wheat was bearish from
the start. Gables were lower, receipts
were improved and the weather gave
promise of sunshine for some time to
come. Crops were reported in excellent
condltlon, and the farmer began to sell
IN a hurry. Estimates of grain receipts
Ioe tomorrow were treble what they were
today. On passage stuff increased 24S
600 bG and the worlds Shipments were
oS6ls0VU bu, compared with Gill 600 btI
last week and only 5936,0g0 bu yester-
gay AS q result the scenes on change
were mostly excited ScranbleS fo unload
ShortS sales also We're c0nsidera ble The
foreign demand was still light. and the
ae1hdhu from stock feeders was becOm-
IlLs Hiqch hghter because Of good wealth
tF. May opened 7403sc to 5bG15sc lower
at IfA@Tc; dropped to 76kc. and how
efec Tor some time around that figure.
CoHcflhg from time to time on the
/ breaks ,1lt steadied things for a while, and
Wnen decrease in the visible snpnlv of
1VzbVV5 bu Was posted the market
strengthened bit. Just before tha
ctGse, however, the general feeling that
s aneat was TOO plentiful swept over the
zN{of lgof ana May dropped another cent III
l212c. May closed very weak. 17Se low
er, at l59sUl5Mc. Local receipts were n
cars one Of contract grade. Minneapo-
lls tthree days. and Duluth (two days)
reported 936 cars, making a total for
the three points of 94I ears against 555
last Monday and 626 last year Primary
Teacelpts zee for two and three days were
1;gee,gOV bu, compared to 633, 600 bu last
9dcnGay and $4,000 bu last year. Sea-
bcard elearances in wheat and flour
equalled 229,0e0 bu Seaboard renoTfs 9o
loads taken for export.
Corn again had to contend against da-
pressing influences. Those consisted
mostly of increased offerings Of corn
from Western feeders At the openiro
cables were lower, the Southwestern
markets were very weak and fair wealth
ef was universal in the country T10et
needing it. Receivers all reported IN
eral acceptances from the country Of
lineage ~ pids-ln many cases at decreas-
es' Much stun was for sale early on
hfeGges. May started 1aQa4c down. al
3ofs16tc In company with wheat and
hardly paused in its downward course
until 1t had struck 591kc659He -Tbe
weakening of the holding Sentiment on
the part of the farmers was reflected
IN the pit with higher intensity. and
hqGloaton OF speculative holding went
at an enormous rate. Nearly everv honse
on the floor took part in the selling
which was for both local and countr1
account. The offerings were heaviasr
- ON llle houses t1at were recentlR on
the bull side. Covering at times brought
good profits, but made no apparent ef-
fect on prices May closed very weak
112c down. at 53Ac. Receipts were IG
Oats had sympathetic market. and
SluTnped IN company with corn No news
aeYeioped. For time near the OPEN
ms trade was excited, with heavy Of
IeTIhgs on one side of the pit and the
olner side almost dry After the OPEN
Ing ms break of Sole May sold up to 436
451sc ON from Fridays close. But the
pear sentiment prevailed. Iiquidation
was general from commission houses
ana stop-loSs orders were executed lih-
eraiiy May sold off to 41Ac. and closed
weak, 1Ac lower, at 417sc. Much OF the
loss was due to the mild weather ana
promises of increased offerings from
the West. Receipts were "a cars.
PfoyIsons We're rather dull though
peariShly ineiined.- The tone was COM
paratively steady, considering the lih-
erallty of the hog movement and lower
prices at the yards The grain weak
ness induced scattered selling Off6r-
lrigs were taken largely by shorfs In
pork. Packers bought some lard ana
rlps and held them STEADY. Nav nori[
solo as low as $3.50, and closed 171hc
doWn, at Sl5.55; Nav lard 2flc IovUey. -
~ $9s515, and May ribs, 21I05c lower. af
The estimated receipts for tonorro,,
are' aa1 Wheat, 50 cars; corn. 335 cars. "a IL
oz9 cars, and GOO head of hogs
me leadlng futures are as follows:
f0po,, fTrf-.t-