The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-12

CHICAGO, Feb. 11-Profit-taking
caused break Of 15sc in the price of Nav
wheat teday. A large part of the loss
t @as eegalnea however, on buying in
Huenced by war rumors. Compared with
Ast nights quotations, the final figures
To-Day Tor May wheat were &c lower
coarse grains were firm, May corn clos
ing 1sc higher and oats sc higher Pro-
VISIONS We're 21A@5c lower to TIC higher
initial sales of May wheat were made at
yoWS61sc, prices shade higher to Sole
lower lows, than yesterdays closing quotation.
July was unchanged to &c lower at S71k0
6fAc Several large commission houses
and many local holders We're liberal sell
efs at the start. influenced largely by the
iact that there would be no session of
the board tomorrow, Lincolns birthday
FearS of serious DEVELOPMENTS before the
resumption Of trading Saturday caused
much evening up sales Within the FIRST
half hour May declined to g47lc while
July sold off to S6s4c. Buying on the
break, however, was of equally as good
a character as the previous selling. Com
mission houses had plenty of orders to
purchase July, and the price of that OPP
ton soon started upward again. May
IoHoWed IN sympathy News from the
MoIt NV continued OF bullish nature
and the demand for cash wheat here and
at the Seaboard was much improved. To-
ward the end of the session there was
considerable selling Of both May and July
suit many local traders took the selling
SIDE Of the market. An easier tone de-
veloped, lasting until the close, May
leaving OFF at 95A @95Ac. July closed
unchanged at 87%c, after reaching S85sc.
Clearances of wheat and flour were
equal to 232.300 bu. Primary receipts
We're 432, 100 bu. Exports Of wheat and
flour for the week, according to Brad
streets. were equal to LAG. 900 bu. Min
neapolis, Duluth and Chicago reported
receipts OF 241 cars, against 257 cars
week ago, compared with a holiday last
year.
Corn Has Net Advance
Weakness was in evidence in the corn
pit during the early part of the session.
Ihere was heavy selling by the large
pull interests and there was also consid-
receipts than had been expected and
easier cables were the influences that
brought out the selling for short account
me demand came mainly from shorts,
out after the first hour the buying be-
came more general and the market grad
ualIy advanced. Late in the day there was
liquidation by holders who did not care
to carry lines over the holiday and this
selling caused some reaction The close
however, was firm. May opened shade
to a q &c lower at ~ @53%c, sold off to
oIBc ana. after advancing to 54Ac
closed at 537s @54c. July showed a gain
of AG3sc, closing at 52&s @52hc Local
receipts were 238 cars, one of contract
grade.
The feature of the early trading in oats
was the selling credited to the leading
long The market was influenced to a
large extent by the action of corn. prices
showing moderate losses during the first
hour. The interest that is said to be the
principal long in the wheat market was a
ADeral purchaser of oats later in the day
Buying from this source In addition to
an increased demand from shorts and
commission houses turned the market up
ward and all the early loss was regained.
me close was strong, with May 5sc high
er at 43c, after it had ranged between
41@c and 43Ac. July was up &c, at
S9Ac. Local receipts were III cars
The feature of trading in provisions was
the early break in the price of May pork
that product losing 80 cents on general
liquidation. The decline was all regained
later on an active commission house de-
mand: Packers were credited with sell
ing ribs. but the offerings were all alb
S0rbed on buying for Investment account
The close was steady. with May pork TIC
higher at $14- S21k. The range on pork was
between $14 .42h and S14.85 May lard
closed 25ke higher at 81. 7216, but ribs
We're off 21&@5c, at $7.121I.
Estimated receipts for tomorrow
Wheat. 20 cars; corn. 220 cars; oats, 155
cars; hogs, $4,000 head.
Range of Quotations.
The leading futures ranged as follows:
Open. High. Low. / Close