The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-25

CHICAGO, Feb. 24.-The corn pit
was the center of attraction on the
Board of Trade today, and that mar
ket was decidedly bullish, but the
weakness in wheat caused a reaction
late in the day, and the close was about
steady, with May 1-Sc lower. May
wheat closed 1-2@5-Sc lower, with
oats down 5-Sc. Provisions closed
steady, the May products being a
share higher to II 1-2c lower.
Wheat was strong early on higher
cables and on the strength in corn, but
the advance was not maintained, lib
eral offerings from the local crowd
causing sharp decline during the lat
ter part of the day. Trading was rath-
er dull and the volume of business in
the aggregate was not large, although
there was a good demand for North
west account. May opened lac to 3-Sc
higher at Use to IS 1-8c, and under a
fair demand from commission houses
there was an advance to rs 1-8@
Is 1-4c, but later on reports of expec-
tations of larger receipts in the Unit
ed Kingdom after next week the price
broke to II 1-8c, and the close was
near the bottom, 1-2@5-8c, lower at
n 1-8@77 lac. Worlds shipments were
over 100000 blu, and the amount on
passage increased 1,164,00 bu. The
visible supply showed a decrease of
$4,000 bu, against a decrease of 1,021, >
600 bII year ago. Clearances of wheat
and flour were equal to 291 900 bu. Pri-
mary receipts were 824, 0G0 bu, against
561,700 Blu a year ago. Minneapolis and
Duluth reported receipts of SOL cars,
which, with local receipts of 81 cars
one of contract grade-made total re-
ceipts for the three points of 722 cars.
against 408 cars last week and Ala cars
year ago.
Record in Corn.
Corn was strong, influenced largely
by the higher Liverpool cables, which
were up 3-4@7-8c. There was good
general commission house buying, the
demand being to a large extent from
shorts. The amount Of business, how
ever, was not large, owing to a scar
city of offerings, especially in May, al
though in the July delivery there was
a moderate selling pressure. Small re-
ceipts were also a bull factor. Selling
on the weakness in wheat caused an
easier feeling late in the day, and the
close was about steady, with May 1-8c
lower at 45 34c, after selling between
As Sac and 46 3-8c. Local receipts were
483 cars, with only one of contract
grade.
Oats were irregular and unsettled,
and the volume of business was strong.
The market was strong in sympathy
with other grains, but selling by other
commission houses and realizing by
the principal long caused a decline,
and the close was weak, with May 5-8c
lower at 35 1905 1-4c, after ranging
between 80 1-8c and So 1-Sc. Local re-
ceipts were 262 cars.
Provisions were duh and unsettled,
opening easier on liberal run of hogs
and on lower prices at the yards, but
rallying early on a good demand from
packers, with a scarcity of offerings
and declining again on selling by COM
mission houses. The close was about
steady, with pork rather weak and
II 1-2c lower at $17.55. May lard clos
ed a shade higher at 1857 1-2@$960,
but ribs were down SC at S9.621-2. The
late weakness in grains had a depress-
ing influence and helped to bring out
liberal offerings during the latter part
of the session.
The estimated receipts for tomor-
row are: Wheat, 35 cars; corn, $50
cars; oats, 205 cars, and $4,000 head of
hogs.
The leading futures ranged as follows: