The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-11

CHICAGO. Feb. 1O.-An Increased for
elgn demand incident to war movements
combined with the econgested local situa-
iron, caused an cratic wheat market to-
I ~. AT Al one stage in the trading May
wheat showed gain of "a cents from the
TOW point OF the day, and although all the
gaIn was not maintained. the close was
n I and 1ssc higher than yesterdays
on heavy liquidation, May corn closing
&c lower and oats down 1isc ProyisionS
were DC higher to 10c lower
Hlgnef prices in all foreign grain mar
heIS' que TO actual war, caused strong
opening IN the wheat market here May
was "a % CSC to "a ole higher. at 95 sk 0g6c
1 Wn1ie July was !sc lower to &c higher, at
ooac 70 $3.50. Large quantities were for
market quickly lost it's early strength
Betore the end of the first half hour Nav
h n$ declined to 94Ac and July to S6A c.
Much of this selling was said to have
been for the account of the principal buII
. operator An urgent demand for July de-
Neioped from commission houses. and
July '--N'
In the absence of any special selling
pressure the market turned strong again.
july steadily advanced until it had reach
ed SS12c while May went UP to 97c a
new nigh record mark. The strong cash
situation in the Northwest was an i'm
poFtant FACTOR in forcing prices upward
STOCKS at Minneapolis were considerably
III.
An improved export demand was also a
pun factor late in the day. There was
liberal profit taking the last hour and the
market lost much of its strength although
closing prices showed gains May being
!4sc higher, at 963s 4961Ac, and July &c
higher, at STAG
Clearances of wheat and flour were
equal to 27.S00 bushels. Primary receipts
We're 520400 bushels. compared with 539.-
coo bushels a year ago. MINNEAPOLIS Du-
luth and Chicago reported receipts Of 24S
cars, against 226 cars last week and 407
cars a year ago.
July Corn Is Bought.
Liquidation of May and buying of July
Dy prominent operator was the principal
feature in trading in the corn pit The
market was extremely cratic and fiuctu-
atoms We're rapid and within a wide
range. The market was Influenced to
a great extent by the actions Of the big
Dull traders, who sold on every advance
and bought back again on the Declines
The weakness in oats had a depressing
influence on corn prices After opening
Il @3sc lower to a Shade higher at Asa %
541sc, May advanced to 551sc, but sold
OIL later on general proflt-taking to 53A C.
The close was 9sc lower at 1874 @537sc.
July ranged between 513sc and 53Hc, clos
ing 4sc lower, at 52hc. Local receipts
We're 217 cars, none OF contract grade.
There was a large volume of trade in
oats, with heavy selling of May supposed
to be for the account of the largest holder
the main feature. The market received
good support at times, but the oats con-
unued to come out and the buying power
was not sufficient to cause a rally. Shorts
We're the best buyers on the decline. May
was unchanged to &c lower at the open
ing at 1890 to 431ac.. The price steadily
declined until it had reached 41Ac. There
was moderate recovery, but the close
was weak and 1sc lower at 1880. July
was relatively firmer. closing with only
Ac loss, at SSBc. Local receipts were
lab cars
Trading in provisions was unusually
active. The feature was the transactions
in May pork. That product opened zoe
higher at $14 80, but selling by people who
had bought yesterday caused a setback
to $14. SIS. There was a good investment
demand. however. and some recovery was
made, the close being &c higher at s14 10.
May lard closed 1a@10c lower at 81 20,
but ribs were up 21a @5c, at 81 1907 .171a
Estimated receipts for tomorrow:
Wheat, Is cars; corn, 220 cars; oats, 165
cars; hogs, Al, 600 head.
The board will be closed Friday, Lin
coins birthday.
Range of Quotations.
The leading futures ranged as follows: