The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-03
ALL DOWN BUT WHEAT
TRADING DULL, BUT WITH NERV-
BUSINESS IN THIS CEREAL
Strong Close for Wheat, With May Up
Fraction-Armour Liberal Seller
Corn Dull and FeatureIess, With a
Light Trade.

CHICAGO, Feb. Grading on the
Board of Trade was. rather dull today
in all the pits, and after a nervous ses-
sion wheat closed strong, with May up
3-4@7-Sc. May corn was 1-8@14c
lower, with oats down fraction. Pro-
visions We're easier, the May products
closing from 2 1-2c to IL lie lower.
The unexpected firmness of the Eng
hsh cables caused a strong opening in
wheat, but the local traders were in
clined to be bearish and had consider
able stuff for sale which carried the
price down to II 1-8M77 lac, after
initial sales being made at " Sac, the
opening figures being lac higher than
Saturdays closing. The leader of the
recent bull movement was a liberal
seller, it being reported that in the
neighborhood of a million bushels were
sold for account When the pressure
from this source had diminished, the
market developed a stronger tendency
and May advanced to IS 3-Sc. The
close was strong and near the top, with
gain of 34@7-Sc at rs 1-4@78 3-Sc.
COmmi ssion houses were the best buy
ers. Large worlds shipments, amount
ing to $4,000 blu, for the week, for a
less urgent cash demand and increased
primary receipts were bear influences
The amount on passage increased
/, 100000 blu. CIearances of wheat and
flour were, equal to 363, 900 blu. The Wis
lble~ supply decreased COS, 600 bu,
against decrease last year of 1,444, GEO
bu. Primary receipts were 7S0,00 bu,
against $4,000 bu year ago. Mime
apolis and Duluth reported receipts of
565 cars, which, with local receipts of
50 cars, 2 of contract grade, made total
receipts for the three points of $40 cars,
against 1908 cars last week, and 3S9
cars year ago.
No Feature IN Corn.
Corn ruled dull and featureIess, and
the volume Of trade was very light.
Opening prices were firm on the
strength in wheat and on smaller re-
ceipts than had been estimated, but un-
der the influence of free short selling
by locals and scattered liquidation by
tired holders the market weakened.
The late advance in wheat, however,
gave frmness to the situation and the
close was about steady, with May 1-S@
lac lower at Al 5-Sc, after selling be-
tween Al lac and Al 7-Sc. Local re-
ceipts were 301 cars, with 1 of con-
tract grade.
Nothing of Importance developed in
trading in oats and the market was eX-
ceedingly dull, with prices easier. Re
ceipts were fairly, liberal while the
cash demand was good. The car short
age was still a drawback to trading.
The close was steady, with May a
shade lower at SO 1906 lac, after
ranging between sec and Sc 3-8c Local
receipts were 334 ears.
Provisions were easier on liquidation
by local longs and the volume of bust
ness was light. A little better demand
developed late in the day and a slight
recovery was made. May pork closed
II HE lower at $16.40, May lard was
off 2 Il &c at SEA 5, while ribs were down
10@12 1-2c at S9@9.02 IL.
r -Thetestfmated receipts for tomorrow
are: Wheat, 70 cars; corn, 495 cars;
oats, 275 cars, and 1000 head of hogs.
The leading futures ranged as follows: