The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-04
ADVANCE IN ALL GRAINS
WHEAT CLOSES STRONG AFTER A
WEAK OPENING
All Other News in Pit Overbalanced
by Advices From Paris, Where Clos.
ing Prices Are Higher and Reports
of Frost Damages PlentifuI-Some
Nervousness in Corn.

CHICAGO, Feb. 3.-Wheat was fair
ly active today and after weak open
ing, the close was strong, May being
up 5-Sc. May corn was a shade higher
and oats up 1-8c. Provisions closed
strong, the May products being from
z LIE to 80 1-2c higher.
Advices from France overbalanced
all other news features in the wheat
pit, the closing prices at Paris being
from 1 LIE to &c higher with reports
of damage by frost still coming in.
There was good demand and the lat
ter half of the day on these bullish
French advices while the offerings were
only moderate, resulting in a strong
close. The decline at Liverpool, after
strong opening was a weakening in
f1uence at the opening here and May
was down 18@1-4c to 3-8c at II $50
78c to IS 1-8c. The market quickly rail-
lied little later on the news from
France and May sold up to Is $50
IS 3-4c, but on heavy selling due to
BradStreets report showing an in
crease of 2,100,0 900 bushels in the worlds
visible supply there was decline again
to IS 3-Sc. A good general demand the
latter part of the day caused another
rally and the close was 5-8c higher at
rs 7-8@79c. Small primary receipts
and fears Of damage to the crop to-
gether with a fair cash demand We're
Strengthening influences. Clearances
of wheat and -four were equal to $685.
600 bushels. Primary receipts we're
500, 900 bushels against 401, 900 bushels
year ago. Minneapolis and Duluth re-
ported receipts of $50 cars, which with
local receipts of 81 cars, one of contract
grade, made total receipts for the three
points of All cars, against 400 cars last
week and 302 cars year ago.
Bearish Sentiment in Corn.
The trade in corn was again small
and considerable nervousness was eX-
hibited, the local sentiment being bear
ish on larger receipts coupled with the
increase in public and private stocks
of 541 900 bushels, although later in the
day a firmer feeling developed on the
strength in wheat, and the close was
steady with May a shade higher at
"A 5-S@44 3-4c. The price for the day
ranged between A 1-4@44 3-8c, and
"A Sac. Local receipts were SGT cars,
with nine of contract grade.
Oats experienced such a trade as has
characterized the market for the past
week or ten days, no important orders
being filled and the business for the
most part being of a scalping order.
There was little change in prices and the
close was steady with May Use higher
at So 1-4@36 3-Sc, after selling between
36M36 38. Local receipts were 339
cars.
Provisions developed fair strength on
good local buying and light offerings.
The sentiment was helped some by a
stronger hog market. There was an
especially cash demand for lard which
helped prices. The close was strong,
with May pork up 30 LIE at $16.72 IL;
May lard closed 1-2c higher at
$9.42 12,, while ribs were II lie higher
at $9.15.s bseT siHe
The estimated receipts for tomorrow
are: Wheat, 20 cars; corn, 155 cars;
pats lilo cars, and 81 600 head of hogs.
The leading futures ranged as follows: