The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-04
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
CORN TRADING BRISK
VOLUME so LARGE THE MARKET IS
HARD TO FOLLOW
Heavy Buying of May Corn by Armour Is
Striking Feature-WalI Street Traders
Also Take Hand-close Is at an Ad-
vance.
lF'or Wheat Market See First Page.

(F'or Wheat Market See First Page).
CHICAGO, Feb. 3-Clearances of wheat
ana Hour We're equal to All 500 blu. Pri-
mary receipts were 555 zoo bu compared
with 800 blu a year ago. MINNEAPOLIS.
Duluth and Chicago reported receipts of
20 cars, against 222 cars last week and
236 cars a year ago.
The corn pit was the scene of a repeti-
ton OF yesterdays enormous trading The
volume of business. in fact was so large
mat the market was extremely hard to
IoHOW. One or the most striking features
was the heavy buying of May corn by
the prominent operator who is said to be
practically In control of May wheat. The
increased speculative demand was an
other noticeable feature Wall street trad
corn.
At times the market took precedence
over wheat, and larger gains were made
IN this pit than in either of the other
cereals, May corn at one time showing an
ADVANCE OF Shc over last nights close
some extent by higher cables, May being
up Ac to nc at 52Bc to 523sc. Some Of
the large bull houses sold moderately ear
ly in the day, but the offerings were
eagerly taken by shorts and prices held
frm. Toward the latter part of the day
the interests that had sold early turn
ed active buyers, and the demand was SO
persistent that prices rose rapidly. With
In the last few moments of trading May
SOLD at bic, a gain of 31Ac over last nights
close. Final figures were at 54T 055c.
.,
tract grade.
Oats Continue BuIIIsh.
The oats market lost some of its in
dependent strength today, but the situa-
ton still remained bullish in sympathy
with other grains. There was selling cred
tied to the principal holder. but the COM
mission house trade was better than for
some time past. Small receipts and a good
shipping demand were minor factors in
supporting prices. May opened a shade
inNUnT n chs OH -
The early trade was moderate and with
out conspicuous feature, shorts being the
best buyers, and the demand being sup
piled by profit taking local longs. With
the sharp advances in wheat and corn
trading in oats became more active and
prices rose steadily May selling up to
46Ac -Iate in the day. Some reaction oc-
CURED on realizing, but the close was
strong, with May 1@11sc higher at As &c
Local receipts were 81 cars.
Provision prices moved up sharply on a
big trade. There was heavy liquidation
by those houses which have been so sue
cessful on the bull side of late, but there
was enough new buying to take all the
offerings. 1t was reported that Eastern
spectators who had made large fortunes
in cotton were investing in provisions in
view of the critical situation in the Orient.
The advance was accelerated by heavy
covering by shorts, including some of the
packers. The opening was strong on a
higher hog market. May pork being up
21ac to INC at $13.4715 to $13 521s. The
best demand was for pork, and that
product led the list in the advance. After
selling between $13 AN and $13 TO- the
close was zoe higher at $13 .65. May lard
sold between 81. SIS and 81 621z al .65, and
closed with a gain Of 7h @1Oc at 81 571a %
7.60. Ribs closed at IS. 80@6 821k, gain
of 5W7hc, after ranging between IS 500
6 u. Estimated receipts for tomorrow
Wheat, 20 cars; corn, 235 cars; oats, 80
cars; hogs, $1,000 head.
5 Range of Quotations.
The leading futures ranged as follows:
Open. High. Low. | Close.