The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-23
WHEAT HOLDS UP WELL
AGAIN THE CENTER OF ATTRAC-
TON AND GAINS FURTHER
Volume of Business Is Enormous, '.the
Leading Long" Adding 100000
Bushels to His Line-Corn Compar-
ativeIy Quiet, but a Firm Feeling
Prevails.

CHICAGO, Jan. 22.-The wheat
market was again the center Of attrac-
ton today, and still further gains were
made, May closing / 1-4c higher. May
corn was up 3-4c and May oats were
5-Sc higher. Provisions closed strong.
with May delivery from 2 1-2c to 100
IL LIE higher.
Wheat ruled active and strong, and
the volume of business was enormous.
1t being reported that the leading long
added 4,000, 900 bu to his immense line.
The active buying of this operator.
with smaller ones failing on, was the
cause for the strength shown in the
PIT, although the news in general was
OF a u character. Good buying was
reported for foreign account both here
and at New York, and additional cables
were received, telling of the damage to
the French crop. Advices from Argen-
tina stated the weather there was
threatening, n that there would be
no increase in the shipments of wheat
from that country for some time vet.
The opening was strong on higher ca
bles with May 1-8@1-4c to 3-861-2c
higher, at so 5-8c to 80 7-8c.
Slump and Quick Rally.
Heavy realizing shortly after the
start caused a slump to 80 3-Sc, but
there was a quick rally on renewed
buying, and h price gradually ad-
Eanced to 81 5-8c. Another decline to
81 Lac ensued, but the market again
rallied, and May sold up to 81 7-Sc.
The close was l lac higher, at 81 SIS
WSl 9-4c. There was good buying of
July, and that month closed 1-4M3-Sc
higher, at rs 5-S@75 SAC, after selling
up to 76c. Clearances of Whea and
flour were 642, 900 bu. Primary receipts
were $4,000 Blu, against 416, 600 blu a
year ago. Minneapolis and Duluth re-
ported receipts of 343 cars, which, with
local receipts of 81 cars, none of con-
tract grade, made total receipts for the
three points of 374 cars, against 3O2
cars last week and $40 cars d year
| ago.
Corn was rather quiet, but a firm
feeling prevailed, which was helped
to O large extent by the strength in
wheat. The weather was favorable for
the movement and offerings from the
country were liberal, but the car stu
alton was still a prominent factor.
Good commission house buying to-
wards the close resulted in a strong
finish, May selling 3-4c higher, at
A 7-8@45c, after selling between
A 1-8c n 45c. Local receipts were
252 cars, with none of contract grade.
Oats Firm, but F~eatureless.
Oats ruled firm with other grains,
Jul 1O SpSCIdI ISdtui0 S were I1ld1l-
tested in the trading. The majority of
the business was for local account, and
the selling was mainly by commission
houses. The close was firm, with May
3-Sc higher, at 36 lie, after ranging
between $685. 1-Sc and So 1-2c. Lo-
cal receipts were 211 cars.
After a little easier feeling early on
selling, due to the liberal receipts of
hogs and lower prices at the yards,
provisions ruled firm on a good de-
mand from commission houses.
Packer and pit traders were the
chief Sellers The close was firm with
May pork 10@12c higher, at 1852 1-2;
May lard closed 2 lie higher. at
1852 IL, While ribs were up 2 1-205c,
at 1926.
Estimated receipts for tomorrow:
Wheat, 80 cars; corn, 400 cars; oats,
2G5 cars; hoss, $1,000 head.
The leading futures ranged as follows: