The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-08
SAME OLD STORY
IN GRAIN STOCK
ONLY MODERATE AMOUNT OF BUsI.
NESS, BUT PRICES WELL
MAINTAINED
HEAVY BUYING CAUSES
A RALLY IN WHEAT
This Happens After a Quiet OPENING and
Period of Easy FeeIing-consIderab
strength Develops Near the Close
Little Interest in the Coal Pit.

CHICAGO, Jan. There was univ y
TPaooeTate volume of business on the
H eniI me OF Trade today. but prices Were
niSner. May corn was fraction better.
e %1tllle oats were up Nc. May provisions
iI Whea from q1n,e ~ r Csc = to 1oc higher
Keeling was manifested shortly sfter The
opening, Influenced by the favora HE
weather and reports of good harvesting
ebo,tt zod IN a. Argentina The buying Of
% Drought about rally, and was the cause
VI cOiiSloeraple covering by shorts To-
we ~aiu Ine close a strong feeling developed
on reports of 300.00 bu cash wheat he
ing loaded at st. Louis for Shipment with
1eU; Ivy bu more ordered out of elevators
ana the market held well the rema inder
OF the session.
Two Depressing Factors
A small export business and light
N Hdsn demand Were depressing factors
Way opened unchanged to a shade lower.
a. % sc 10 70 70 Q7512c, and ranged be-
- y ~ ~ - IS ana 15&c. closing &c higher
a. a., ao1s Q169sc. Clearances of wheat and
nour were small being only 135. 600 hi
f urinary receipts were 500 600 bu, against
2Oo;VU0 bu year ago. MINNEAPOLIS and
Du i reported receipts of $50 cars,
WHICH, with the local receipts of 46 cars
WIN only Of contract grade-made
totaI receipts for the three points of 406
cars, against BAT cars last week and 40G
cars year ago.
the action of the January option which
Was nquldated quite freely early in the
Jay, there was little of interest in the
- doIIg. January was up sc to sc AFT
tne opening, the initial sales being at
~ sc 10 1850 but on a heavy liquida-
tlon by the principal holders who were
AFRAID the high price would turn too
I nucn corn to this market there was a
break TO 1850. Covering by shorts how
ever caused rally, and the close was
unchanged at 47c. May closed a shade
H E5gs1 u at 1880, after selling between
10 e g 10 &c and 1880. A good cash de-
I nlaIlu, poth here and abroad, was a
Strengthening influence. Poor pra ding
was also a bull factor, 293 cars being re-
ceIVeo mere. with none of contract grade
Oats and Provisions.
Oats were fairly active. and the feeling
was somewhat frmer. The leading long
was created with taking on a considera-
DIe me Inc weather was rather unfa-
IorabIe for the movement and was 4 sus-
I Ia4dnlng feature The close was firm, with
May Ac higher, at 342sc, after ranging
between 1875 @34c and 341bc. Local RE
celptS were $50 cars
;. PROVISIONS We're strong at the start on
nghter receipts of hogs and higher prices
az the yards, and with the exception of a
LIte decline early in the day, due to
liquidation, the market ruled strong 4
good demand for May pork and ribs
with light offerings, was the main bull
factor, although packers were inclined
70 support the market. The close was
n m with May pork Toe higher, at
Sdo;1Z12. May lardS was up 21b05c at
S9-4 to- - e, While ribs were 71hc higher
The estimated receipts for tomorrow
are: Wheat, 80 cars; corn, 315 cars; oats,
165 cars. and $4,000 head of hogs.
me Leading futures ranged as follows.