The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-17
CLOSE CALL FOR WHEAT
ONLY AT THE END OF THE SEES
SION DOES 1T COME UP
General Liquidation in All the Pits
Little Outside Buying of Wheat and
the Market Is Hesitant-Corn Higher
and Oats Lower.

CHICAGO, Feb. 16.-There was quite
general liquidation in the grain pits
today, but a better feeling developed
toward the end Of the session, and
wheat closed strong. with May 1-8c
higher. May corn was up 1-801-4c,
but oats were 1-S@1-4c lower. Pro-
visions were strong and the May prod
ucts closed from 10c to- 20 1905
higher
There was little outside buying in
wheat, the trading being mostly local.
and even that was of a hesitating
character There was a disposition
among longs to sell out and the selling
Tor short account was quite pronounc-
ed. Cables were barely steady, which
caused the market to open at about
unchanged prices. May being a shade
lower to shade higher at II 5-8c to
n Sac. The weather conditions were
bearish, SHOWS being reported over the
greater portion of the winter wheat
belt, and an increase of 541 bu in the
visible supply also added to the selling
pressure, and with little support prices
declined, May selling off to II 1-8c.
The weakness continued the greater
part of the day, but toward the end
OF the session there was fair buying for
eastern account, and shorts covered
freely, which brought about rally, the
close being strong, with May 1-8c high
- CT : o-fCW t-Oc, dllGr S6lIln& uD
to II 7-8c.
Clearances of wheat and flour were
equal to 1853 blu. Primary receipts were
100000 blu, against $4,000 bu a year
ago. Minneapolis and Duluth reported
receipts of 446 cars, which, with local
receipts Of q cars-1 of contract grade
made total receipts for the three
points of 373 cars. against 736 cars last
week, and 555 cars year ago.
Corn Governed by Wheat.
Corn held fairly steady for a time,
but eventually eased off in sympathy
With the weakness in other grains.
There was but little feature to trading,
which was rather dull AS prices
weakened considerable long corn came
out by commission houses and there
was also free selling for the short ac-
count. A better feeling was manifest
ed later In the day on a good cash and
export demand, while the late strength
IN wheat also aided the upturn. The
close was strong, with May 1-8@1-4c
higher at 40 1-8@45 lac, after selling
between A 1904 3-4c and 45 1-8c.
Local receipts were 400 cars, none of
contract grade.
oats suffered a sharp decline early
IN the session, as a result of general
selling by discouraged holders and on
lack of support. Liberal receipts and
the increasing tendency Of stocks tend
ed to reduce free selling. Shorts COW
cred on the breaks and a rally oc-
CURED late in the day in sympathy
with wheat-the close being about
steady, with May off 1-8@1-4c at
SO 1-2c, after ranging between sc and
"a b-8@34 3-4c. Local receipts were
339 cars.
Provisions We're remarkably strong,
especially the July deliveries. Scarcity
OF hogs and the small stock Of provis-
ions were the principal bull factors.
Shorts were active buyers throughout
today and there was also a fair de-
mand from local operators, including
packing interests. The close was
strong, with May pork 22 1-2@25c
higher at $17.35 @1737 IL. MAY lard
was up 1O@12 1-2c at 1886, with ribs
1Oc better at 1857 IL.
The estimated receipts for tomorrow
are Wheat, 80 cars; corn, 3S5 cars:
oats. 165 cars, and 81, 900 head Of hogs.
The leading futures ranged as follows: