The Saint Paul globe., 1905-02-22
CORN And OATS
ARE MORE ACTIVE
Shorts in All Grains Cover
Rather Freely, Causing a
Fractional Rally

CHICAGO. Feb. 21.-Decrease in primary
receipts. due largely to impossible country
.oaos, caused net advance of %Ghc
tooay In prices for wheat. Corn shows a
gam OF IA sc. Oats are up sc. Provi-
siohs are unchanged to sc higher
Wheat
strength in the wheat market devel-
opeo soon after the opening. At the start
1echne at Liverpool. said to be caused by
larger offerings from Argentina. Initial
quotations on May were unchanged to "A G
lower at $1.1S3s to $1.1S%. July also was
sLOl es Trading was confined largely to
tne July delivery, although some shorts
covered May on all slight declines The
demand for July at times was of such a
character as to suggest that the market
was receiving support from a prominent
Dull trader. AS the session advanced SEN
Iineht In the pit became more bullish
little Improvement. however, was noted
IN tne volume of business. Marked falling
on In primary receipts had strengthen
ing influence during the last part of the
demand Tor wheat. Statistics of the
worlds visible supply proved a disap-
polntment TO the bulls, Bradstreets re-
port showing a decrease of only 79. 900
pusneis, as against decrease of 3,644. 900
Dusnels a year ago. Prices. however
reached the highest point of the day Just
2eiore ps,IS the close May sold at s1.19h and
July at S1.01B. The market finished
strong. with May at the top at SI.IsIs.
Final quotations on July We're si.01& "a
Clearances of wheat and -four were
equal to 5000 bushels. Primary re-
ceipts were 1863. 900 bushels compared with
LIB. 600 bushels g days) a wear ago.
minneapolis; Duluth and Chicago reported
receipts OF 200 cars against 525 cars last
week and go cars year ago.
Shorts were fairly active bidders for
corn, and in consequence the market gain
eo IN strength as trading progressed. The
nam nam cause OF the renewed activity among
shofts was rumor that. owing to the
!aliuTe OF a reduction in freight rates
70 increase the movement of corn. former
Iates We're soon to be restored. decrease
OF l,f9e,OOO bushels in the visible supply
as compared with an increase of 2.IO0 900
pushels last year was an additional bullish
nllusnce- The market closed practically
anans at rne highest point of the day: May
opened unchanged TO a shade higher. at
4o14 W W4oesc TO 46%c, sold up to 47c and
closed at 46tsc. Local receipts were 314
cars none of contract grade.
Oats
A firm undertone prevailed in the oats
market the entire day. Pit traders were
buliishly inclined owing to a rumor of
the restorat ton Of former freight rates
movement of the grain. The volume of
business, however. was light Some of the
more timid shorts covered Nav onened
unchanged, at 30Ac, advanced to SIHc
1919 cars. e'p'S were
Provisions
Early in the session an easy tone was
manifested In provisions, owing TO selling
by commission houses but later as re.
suit or strength in corn. shorts covered
moderately. causing firmer undertone.
At the close May pork was up sc at
Sl2S212. Lard was up 21s 65c at S6 92I5 a
o-y5 Ribs were unchanged at $6S2h
Estimated receipts for Thursday:
wheat. cars; corn. 17S cars; oats. 90
cars; hogs. $4,000 head.
Inc leading futures ranged as follows:
Open. High. Low. / Close