The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-02-15
.DULkNESS IN GRAIN PITS
ONLY A ScALPiNG MARKET IN
WHEAT, WITH LIGHT TRADING
Shorts Take Most of the OFFERINGS
Foreign Demand Is Lacking-CIos-
ing Prices Hieher-Corn and Oats
Are Lower at the Wind-Up.

CHICAGO, Feb. 14.-Trading in the
grain and provisions pits was again
dull, and prices had a downward ten
dency, except wheat, which closed lis
o. lac higher for May. May corn was
Lac lower. while oats were down 1-Sc.
PROVISIONS were strong, and the May
products closed from 5@7 1-2c to lac
higher.
There was only scalping market in
wheat, and the volume OF trade was
light. Offerings were not heavy at
any time, and the demand only fair,
shorts taking the most of the offer
1ngs. The early market was firm on
better cables than anticipated, taking
into consideration the decline here
yesterday, and May opened 1-Sc to
Nl-4c higher at II 58c to n 3-4c. After
selling at II 7-8c, a decline to n LIE
followed, due chiefly to the poor show
ing In the cash market and the lack of
any foreign demand. Fluctuations
were narrow throughout the day, and
covering by shorts on the breaks pre-
vented any serious decline, and the
close was steady, May being 1-S@1- &c
higher, at II 5-S@77 3-4c. Prospects
OF bearish visible supply statement
caused some uneasiness, and had a
depressing influence. Clearances Of
wheat and -four were equal to 333,00
bu. Primary receipts were $4,000 bu,
against 10000 blu a year. Mime
apolis and Duluth reported receipts of
39l cars, which with local receipts of
SO cars, Of contract grade, madetotal
receipts for the three points of 1929
cars against 434 cars last week and
AL cars year ago.
Liquidation in Corn.
Corn was easier under heavy liqui-
dation by longs. Seasonable wZatf.er
for the movement and the expecta-
ton OF larger receipts made the senti-
ment bearlSh, and there was general
selling by commission houses, led by
some of those which. recently were
active on the bull side. The opening
was firm on cables, but the market
soon weakened on lack of any material
support, and ruled easy throughout the
day, May closing 1-4c lower, at 45c,
after selling between A Use and
40 5-8c. Local receipts were SGT cars,
none of contract grade
Selling pressure was again in evil
dence in the oats pit, and there was
considerable liquidation by the leading
bull interests. The liberal quantities
OF standard oats being turned out of
private warehouses was largely re-
SponS1ble for the anxiety to take
profits. Lower prices ruled through
out the day, and the close was easy,
with May 1-8c lower. at So $50
so sac, after selling between 36 1-2c
and SO Use. Local receipts were 292
cars.
"A small run of hogs and higher
price caused f1rmness in provisions at
the start, and good buying by commits
sion houses and covering of May ribs
by shorts added to the advance. Of
ferings were light, and came mainly
from locals. The close was strong,
with May pork II 1-2c higher, at
$17l2 IL; May lard was up 5@7 LIE,
at 1922 l-2@9.55, and May ribs were
sc higher, at $9.47 1-2.
The estimated receipts for Monday
are: Wheat, 80 cars; corn, $50 cars;
oats, zoe cars, and $4,000 head of hogs.
The leading futures ranged as follows: