The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-17

CHICAGO, Jan. 16.-Trading was &C
tive again in the grain pits and wheat
ruled strong, May closing 3-Sc higher.
May corn was 1-4c lower, and oats 1-Sc
lower. Provisions Were easier, May
pork closing 15c lower while May lard
was off 5@7 12c and ribs down sc.
There was active trade in wheat and
the market at times exhibited consid-
cradle excitement. In spite of heavy
liquidation by locals and outsiders,
prices maintained a higher level, al
though there was slight decline early
on general selling, brought on by the
rumor that the leading long was UNI
loading his enormous holdings. In
stead of disposing of any long stuff
however, the leader of the bulls added
still further to his long line, which fact
was mainly responsible for the strength
In the situation. May opened 1-8M1-4c
to 2-8@1-2c higher at 1908 lac, but
sold off to n Use early, only to rally
again to 1908 1-Sc. Renewed selling
caused another decline to n LIE, but
good export demand resulted in a late
bulge and the close was near the top,
with May 3-8c higher at rs 1850
rs l-4c. The early strength was on
higher cables and reports of unfavor-
able weather in Argentina.
The Days Figures.
Exports of wheat and flour for the
week, according to Bradstreet's, were
4,879,O0D blu, against 4,690,e00 blu the
corresponding time last year. Clear
anceS of wheat and flour were equal to
$4,000 Blu. Primary receipts were
$4,000 blu, against 499,3O0 blu a year
ago. Minneapolis and Duluth reported
receipts of 388 cars, which, with local
receipts Of "a cars-none of contract
grade-made total receipts for the three
points of 422 cars, against 314 cars last
week, and 439 cars year ago.
There was heavy realizing in corn
throughout the day and the market
generally was weak, with the January
option especially weak, although COW
ering by shorts and a fair export de-
mand brought out a rally late in the
day and part of the early loss was re-
gained. January opened unchanged to
1-8c higher at 48 3-8c to As 1-2c, but
heavy selling, caused by a decided in
| crease in the cash offerings from the
country, resulted in a break to 46 1-4c,
but firnder feeling developed later, the
close being 1 1-8c lower at At T-4c.
May ranged between 44c and A 5-Sc,
and closed lac lower at A 1-4c and
A 3-8c. Cables were easier and Ar
gentine advices very bullish, a large
crop being predicted. Local receipts
were small at 281 cars, with only l Of
contract grade.
oats ana PROVISIONS.
Following a strong opening the oats
market developed considerable weak
ness under enormous realizing sales by
commission houses and local longs.
Cash houses were also large sellers, the
| increased offerings from the country
being an incentive. On the decline the
offerings were well taken by shorts and
the close was firm, with part of the
loss regained. May was 1-8c lower at
Sc 1-4c, after selling between 95 3-4c
and SO Sac. Local receipts were 1872
cars.
Provisions ruled rather dull and the
market was weaker, due to profit TAX
ing, both on local and outside account.
The opening was firm on a strong hog
market and on the strength in grains.
May pork closed -15c lower at $16.42 IL,
May lard was off. 5@7 LIE at $500
$50 IL, while ribs were sc lower at
$905.
The estimated receipts for tomorrow
are: Wheat, 40 cars; corn, 375a cars;
oats, 215 cars, and 10000 head of hogs.
The leading futures ranged as follows: