The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-10
WHEAT RULES EASIER
RALLY TOWARD THE CLOSE, WHICH
SAVES THE PRICES
Early Strength, Followed by a Reaction
and Period of, DuIIness-cIose Is at
the Highest Point of the Day-Unevent.
full Session in Corn.

CHICAGO, Jan. 9.-There was onIv a
Moderate trade in wheat today, and the
marker marker was easier most of the day, but on
reports of good export business there was
rally toward the close and final figures
on May We're nc higher Nav corn was a.
S Tisioes hl ga and oats UNCHANGED. Pro-
SSLHsI40E 9s were easier. May closing from
reports of unsettled weather in Ar
gentlna' firm i'm cables and small receipts
early in the day. but under the influence
Of better prices offerings became quite
liberal, and reaction followed, May
selling down to 1850. after opening I'M
changed to 1sc lower. at 1915 @76c. At
the decline this market ruled rather dull,
aIthougn there was a fair demand from
commission houses and scalpers. An in
crease OF million and a half blu in the
exports for the week, as reported by
Bradstreet, compared with the CORE
Sbp I'ieg week last year, caused renewed
puylng late In the day. and the close
was strong, with May &c higher, at 76Xc.
the nigh point of the day.
Figures of the Day.
The clearances of wheat and flour were
equaI 10 4S4, 900 blu. Primary receipts were
$500 blu, against $4,000 blu a year ago.
Minneapolis and Duluth reported receiDts
OF go cars. which with local receipts of
50 cars--1 Of contract grade-made total
receipts for the three points of 324 cars,
AGAINST af.dd ooI cars last week and $40 cars
1, Corn ruled easier the greater part of
the day, on liberal offerings from locals,
MhlIe the demand was only limited
weather conditions were bearish being
favorable for the grading and movement
but the car situation continued to play
an important part in the trading the
shortage Of cars restricting the receipts.
winch We're only 3S9 cars with 5 of con-
tract grade. Late in the day a good de-
mand developed on reports of a big cash
business at the SeabOard commission
houses and shorts buying freely which
resulted in firmer feeling. May closed
shade higher. at 43M @44c, after rang
ing between 435s @44c.
Oats Advance Nc More.
There was pause in the advance in
actlVe deliveries on profit-taking by small
longs and lack of adequate support by the
pulls. While the weather was favorable
ior the movement, receipts were rather
lght, lack of cars being largely response
bic for the decreased receipts A re-
coveTy occurred in the last hour, on the
strength In other grains and the close
was about steady. May being unchanged
at 349sc. after selling between 34Hc and
$3.50. Local receipts were TIA cars
provisions were dull. and exhibited con-
slderabIe weakness. There was rather
free selling for outside account early,
brought about by decline of from 16c
to 15c in prices for hogs. Buying by To-
calls later in the day, with offerings rath-
er light, caused slight rally, part of the
early loss being recovered. May pork
closed l0c lower, at $1615; May lard was
5071sc lower, at $9.45@9.47h, while ribs
We're off 212 Q5c. at $8.77@8.80.
The estimated receipts for tomorrow
are: Wheat, So cars; corn, 295 cars; oats,
1S5 cars, and 10000 head Of hogs.
The leading futures ranged as follows: