St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-11

SouLutrn tAluOls, Ali-S'uTl5 anu htuod>.
Tue active bidding by such operators caused
an advance Of 1z@Hc. Later the market
received additional support from private al
vices, quoting stron ger British markets than
were Indicated BY
THE PCPLTC TABLES.
and the bu,iug by longs based on such re-
ports enabled the sellers 10 secure another
appreciation Of re, the market selling a. to
7SJ4c for February and S415c for MAY. But
the realizing that followed brought a reaction,
tue market closing steady at the decline, with
better feeling than al the opening. Latest
prices were 7355c for February, 1S$5c for
March, aud s315. for May. The bulls agree
that the market is now entering a p:riod
where the accidents are more likely 10 favor
an advance than decline, and cite the ad-
verse crop news received to-day rs the van
guard Of such rumOrs that are sure to follow
as toe season progresses The fact that
prices i'm mediately react upward after each
slight depression is also regarded as proof
that there is
AN INCREASED CONFIDENCE
in the value Of grain and that it requires
very little encouragement TO induce active
buying as the whole feeling was rather bull
ish than otherwise, all day, owing 10 the fall
ing off OF receipts aud the unexpected small
ness OF the increase in visible supply, accord
ing to the statement, aud figuring Of our
authorities this increase was only 1G7, 900
bushels Of wheat, last week. but the New
York statement made the increase 1872, 00U
bushels. 1t looks as though this grain fgur-
ing business was in a hopeless muidle. The
discrepancies constantly occurring between
here and New York are Of such u character
as 10 lead to the suspicion that one or both are
constantly wrong. II theNew York state
mrnt had been less than ours It would have
excited no comment because that is its true
position leaving out as it does
MINNEAPOLIS AND ST. PAUL.
but With these left out to have 1t some GOO, 600
bushels in excess of ours shows there is q
radical error somewhere.
Corn showed no important variation from
yesterday. The volume OF business was light
but prices were sustained By the anticipated
decreased receipts In consequence OF the re-
cent storm. At the close prices were shade
better tuan NesltrtlaY NJ oOtsc Ior rcOTuaEli
SIC for March, and 40l{c for May.
Oats were fractioually higher in sympathy
with the
IMPROVED TONE
IN wheat and corn, but the business doing
was merely nominal. The last prices OF the
morning session were about c higher than
those Of yesterdays close at PC for Febru-
Rry, exc for March, and 30%c for May.
Pork, witch was the attraction on change,
acted as II It had a striHg tied 10 1t and as II
some stout arm was Jerking at the string ius'
for the fun OF the thing The May option
started at $500 and was let down to sl3. 10,
but Just as the shorts pu: out their hands,
was jerked back to $500 again.
There's big short interest out" said 8
provision trader, "aud the sharp fellow who
waits for break 10 cover will pay the heavi.
est ROYALTY" From the instant that MAY
pork touched SlSlO, and after great lot Of
stun had been sold out ON the stop order,
and by frightened 'tallers," who
thought that the bulge had collapsed
the price was yanked back By
AN INVISIBLE POWER.