The Saint Paul globe., 1905-02-24

CHICAGO, Feb. 23.-Heavy receipts in
loss OF h@Ac to sc in wheat values
here today. Corn is up a shade 10 &c
oats are off @Ac. Provisions are down
1Oc to 271zc lower.
Wheat
II Feeling at the opening of the, wheat
market was favorable to the bulls. An
advance in the Liverpool cables because of
pad crop reports from India, together
With marked falling of in receipts at
Duluth were the influences. May started
unchanged to 1sc higher at s1-19B to
sLIyA July was a shade TO &c up at
sdol% 10 sLOl % @Io2 The opening
range. however, marked the highest point
OF the day in deliveries, a decline to
sl1S% for May and s1.01ss for July
following Immediately. With temporary ex-
duil and depressed A showing of in
creased receipts at Minneapolis, AIS cars
against 4OS for the corresponding day last
year. was the immediate cause for the
reaction. though the fact that the pri-
mary receipts We're 100000 bushels as
compared with $4,000 bushels year ago.
contributed to the easier tone Seeming
fear OF some unexpected maneuver by the
bull operators. however restrained Of
terlngs TO some extent. Covering by un-
easy shorts also tended to improve the
tone for time. May sold back to s1-19
and July to sl01A, but eased off again
when the temporary demand was salts
ned Inc close was easy at the bottom
for May. July receded TO S1.O1h h61Ol5s
and closed at S1.01ss
Minneapolis. Duluth and Chicago re-
ported receipts of $50 cars for two days
week and 253 cars for one day a year ago
Clearances of wheat and flour were equal
10 500 bushels against 242.000 bushels
for four days year ago.
Corn
Corn was strong at the start, there ap-
parentiy being an impression among trad
ers that farmers Were not likely to in
crease offerings at prevailing prices MAY
started b@ &c higher at 47c to 47kc.
July showed like gain at 471bG47&c.
Buying also was stimulated by a belief
that Eastern spectators have accumu-
lated lated a good sized line Of the cereal A
further advance to AIS @47Ac for May
and to 47ss @47%c for July ensued. Much
OF the Improvement was lost on selling on
the advance by brokers believed to be
acting for a leading long. In consequence
number of the early buyers switched to
the opposite side. An easy tone resulted
which carried the nearer option back to
a6s4 Q46Mc and the deferred month to
47$c. The close was easy at s6% 647c
for May and 475zc for July. Local re-
ceipts were III cars.
Oats
Oats were steady with other grains at
the outset. but became heavy and lower
on selling by commission houses and cash
interests. The market seemingly felt the
effect of the reduction of rates for ship
ment throughout the Northwest. Accept
largest in months. There was little sup
port except for some local short covering
and commission house demand on rest
ing orders. May started unchanged at
81 hc and after shade of improvement
sold of to 30Zc, closing easy at 30Ac.
July was a shade higher at the opening
at Bic, advanced &c and declined to 30ss a
30&c. closing at 30%c. Local receipts
were 103 cars.
Provisions
Heavy receipts of hogs at the yards was
the chief influence on provisions. Commits
sion houses sold freely and with but
scattered support, prices throughout the
list suffered. July pork closed 271kc low
er at Sl2.10. July lard 10c lower at S6.95.
July ribs We're off 175zc at Sc. so.
Estimated receipts for tomorrow:
Wheat. IS cars; corn, 522 cars; oats. 235
cars; hogs, $4,000 head.
The leading futures ranged as follows:
Open. High. Low. Close.