The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-03-03
CORN STILL DOMINANT
CAUSES WHEAT, LIKE ITSELF. TO
BE QUITE STRONG
Active Trading and Demand, General.
but Shorts Take the Larger Part of
the offerines-Wheat Firm, With
- Light Trade.

CHICAGO, Feb. 1.-The strength in
corn wasAagain a dominating influence
IN the grain pits today, and both wheat
ana corn ruled strong, May wheat clos
ing 1-8c to lac higher, and corn 3-S0
1-2c higher. May oats were 1-8c lower.
ana provisions were from sc to zoe
higher.
There was only light trade in
wheat, but the market was firm
throughout the entire session, with the
exception of an easier feeling at the
start, influenced by lower cables and
favorable weather, which caused NAV
10 open down 1-SG1-4c at II 1-8c to
- lac. The strength in corn and a
large decree in the visible supply than
mad been expected soon created a firmer
feeiirsg, and May sold up to II 5-Sc. At
the advance there was considerable
realizing, and with small clearances and
almost an entire lack of foreign de-
mand the price eased off a trifie. but
rallied again toward the close on a
good commission house demand. with
rather light offerings, and final figures
on May were 1-S@1-4c higher at II IL
OF 5-Sc
Clearances of wheat and flour were
equal to $4,000 blu, and the amount on
passage increased 1862 900 bu The
visible supply showed a decrease of
ll41 900 Blu, while the general expec-
tations we're for about 100000 decrease.
primary receipts were 900 bu.
against $4,000 blu a year ago. Mime
apohs and Duluth reported receipts of
81 cars, which, with local receipts of
70 cars, one of contract grade, made
total receipts for the three points of
463 cars, against 500 cars year ago.
What Was Done in Corn.
Trading in corn was active and
prices had an upward tendency. The
demand was quite general in char
acter, but the larger portion of the Of
Ierlngs We're taken by shorts who were
much disturbed at the smallneSS of
the contract supplies. The main bull
FACTORS were immense clearances-over
100000 bu-a fair decrease in the
visible supply and a good cash and
export demand, while favorable wealth
er was the only bear feature in the
situation. The close on May was as
@1-2c higher at Al 3-8G47 i-2c. after
ranging between 46 7-Sc and AZ 3-4c.
Local receipts We're 357 cars, with
none of contract grade
oats We're dull and the volume of
business was light. The strength in
corn brought out considerable buying
orders from local traders, but the i'm
proved weather and an inactive cash
demand tended to discourage any bull
ilsh sentiment. The market closed
slightly under Saturdays prices. Nav
being Off 1-Sc 1t 80 1-Sc, after selling
between 30 lac and S5 5-8c. Local re-
celpts were moderate at 226 cars.
Provisions ruled active and strong.
opening prices being higher on
smaller run of hogs and an advance
OF from 1Oc to 15c in prices at the
yards. A good demand from packers
and shorts added to the early strength,
ana prices were we'll maintained. the
close on May pork being up zoe at
$500: May yard was Il 1-2c higher
at 500 and ribs were up &c at
1887 1-2.
The estimated receipts for tomorrow
are: Wheat, 80 cars; corn, AIS cars;
oats, $50 cars and 10000 head of hogs.
The leading futures ranged as follows: