The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-01
BEARS IN CONTROL,
FREE LIQUIDATION
Scared Longs Let Go of All
Speculative Commodi-
ties Freely

CHICAGO, Feb. 2s.-The May deal in
wheat is down and out At least that was
of 2N Q&c today in the price of wheat
for May delivery. July wheat sold off on
even &c. The market closed at practically
the lowest OF the day. May corn is of
21zc TO 10c.
Some weakness in the wheat market
was manifest at the start. Opening
quotations on May Were of 2sGhc to la
1he at 3: 15k te. sl.15%c. July was
81. 0oz. The sensational slump in prices
yesterday was the principal factor IN the
sltuat,on Today. Opinion was persistent
that the May deal had been abandoned By
wall street promoters and that there was
little possibility of any renewal OF bull in
there's w IN that deliver In consequence
uon. When trading began commission
houses were active sellers. and for the.
greater part of the session the bulk of
onerings came from that source. Toward
the noon hour the market was further
weakened by an increase of 249 600 bu in
the worlds visible supply. against de-
crease OF 2,I03,000 blu last year. Selling
became more general during the last hour
of trading and the market suddenly broke
under the load of offerings. May fell to
siiSzf ana July to ss1kc The close was
quotations on May being at 81 135s July
closed at 1885, G9S2.c.
Clearances of wheat and -four were
equal to 1880 bu. Primary receipts were
59S.l0O bu, compared with $4,000 blu a
year ago. Minneapolis. Duluth and Chi
cago reported receipts OF 436 cars, against
10y cars last week and 402 cars year
ago.
Weakness of wheat was the main cause
OF considerable selling of corn and OF n
consequent decline in values The volume
OF trading was large, with commission
houses nrinRfn1I col
good buyers, throughout the day. A
larger movement than expected was an
additional bearish influence. The market
closed at about the lowest point of the
day. May opened &c to &c lower at
A &c to 1880. sold off to 47A @471zc and
closed at 4I1z G4IAc. Local receipts were
46g cars, with 6 of contract grade.
Trading in oats was comparatively
quiet. and the market had an easy under
tone. Cash houses We're fairly active sell
ers. Liberal receipts and weakness of
wheat were the main factors. May opened
3lk @31Sc. sold between 307s 931c and
81 sc and closed at 31G31hc. Local re-
ceipts were 169 cars.
Provisions
Provisions had good start and prices
showed a fair advance at the outset
of initial firmness. Later the break in
grains started general selling. resulting in
considerable decline. At the close May
pork was off 10c at II. 52h ole. So. Lard
was down 7se at $685.. Rigs were 21s
q5c lower at 1915.
Estimated receipts for tomorrow;
Wheat, cars; corn. 243 cars; oats, 49,
cars; hogs, sc, 900 head
Cash quotations were as follows: Flour
steady. No spring wheat. 81 1901 Is;
No. 3, 81 .0S@1 .15; No. red. s1.13hG
ssll6%. No corn. 45ke; No. yellow,
32K @3216c; No. white. 30h G31%c. No.
rye. 75G77c. Good feeding barley. 3sc;
fair to choice mailing, 43646c. No. / flax
seed, 81. "a; No. 1 northwestern, 81 "a.
Mess pork. per Dbl. s12. 35912. 40. Lard.
per 100 lbs, Sc. so. Short ribs sides tloose)
Sc 55@6. 20. Short clear sides (boxed),
So. 15G6. 1715. Whisky, basis of high
wines. s1.23. Clover, contract grade.
So 60 Receipts-Flour. 5000 bbls:
wheat. $1,000 bu; corn. coo. 400 bu; oats
$500 bu; rye. 1000 bu; barley. 127.
$4,000 bu; corn. 272, 400 bu; oats, 125, 500
bu; rye. 27.2O0 bu; barley, 1900 blu. On
the produce exchange today the butter
market was easy. Creameries. 24@32c;
dairies, 24q27c. Eggs steady, cases in
cluded, 25q27c; firsts, &c; prime firsts
2se; extras, 31c. Cheese firm, 12Q12kc