St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-02-21
Leading Articles on Change Quite
Steady, Though Featureless and
Little Traded In.
Less Activity in Speculative Trading
Than Yesterday, and Prices Suf-
fer slight Decline.
Wheat Dull. IN Steady, Oats Unchanged
and Provisions Suffer a Relapse For
Lack of Purchasers.
Stocks FirmrT and Higher-Deacon White
Crowds His Pet LackGwanna
Stock to Par.
Chicago.
Snenialto the Elo,e.

ruled Quiet and iealureless. The wheat mar
ket opened &c lower for February and March
and steadily for May, but there was hardly
enough lie in trade To call it Il market at all
The boys on either side bid To keep the ma
chine going, aud 15c or &c profit or loss is
recorded as the course of the day. Wheat
closed Ac to 1c lower than twenty-four hours
ago No. 2 for May sold at S319@s4c,
and closed at s35Ec, No. corn &c better
for March and shade lower for May, the
latter selling at 41A@4i59c, closing at
41Xc. Oats were trife stronger
Provisions were quiet and easier. Mess pork
for Nay sold at s13. 1219@13.20, and closed
at Sl315 Lard for March sold at sra
7.O2K and s7.12X@7.15 for May, closing
at S7.15. Short ribs for May sold at S6.6O(9
$3.50 and closed at $500. The grain and
provision markets were
DESTITUTE OF NEW INFLUENCES
calculated to stimulate trading by any class
of operators or change values in either d.
rection. Wheat was quoted quiet and slow
in the British markets, with a tendency to
easier prices. There was nothing in the
character Of the reports from the eastern
sesboard to inspire confidence among the
longs or induce the bears to in
crease their lines of shorts, and
this market responded to the feeling
observed at points 70 which We must ulti-
mately look for an outlet for our supplies by
opening weak and shade lower, when buy
Ing by scalprrs, who had small business in
their deals, checked the down tendency Of
quotations. Later a further decline in Brit
ish consols was announced. The old story
Of dam age to winter wheat was renewed and
the small buying by the shorts and sealpers
that followed caused a rally Of "a pc, selling
up to 7sIc February, 79c March and Sac
May. Blu there was an
ABSENCE OF OUTSIDE BUYING
support aud the increased selling by
large scalpers, VIII had worked for the i'm
provement, start ed prices on the down grade.
The closing sales were at the lowest figures of
the day, and the feeling weak and undecided,
the latest sales being &c of from yesterday S
closing all round. As was observed several
days ago, there appears to be bulls enough
to keep the mark ct above 831Zc tor May, but
not enough to get up boom. The two par
ties are quite eve My balanced at present,
and neither side can make mucn headway in
manipulation. This morning the three bulls
who kept the market from going lower were
Baxter, Counselman and Crittendeu, but
after they were through buying the rise came
10 an end. The receipts were little im
proved. The early wheat market was sup
ported largely By Crittenden at SAC,
the highest point for May. Wallace bought
about 100, 900, but sold it later at $3.50.
Baxter was a good BUYER at Sac, but
ALL EFFoR rs FAILED TO ADVANCE
the price above this point. The Fraley-Car-
ter commission firm are also reported as buy
ing largely. This firm has cut quite figure
Of late on the bull side, and shrewd ope
rators are watching their movements closely.
''The market shows the effect Of big holdings
in Walkers office - said an operator to-day.
when the traders think of the big lot Of
grain in that single concerns hands, it
affects them sometimes one way and some
times another. II the market is weak, half
the floor believes that George Walker has
gotten tired and is selling out, and when the
temper is strong, the other half
of the floor is certain that Wal ker's
principals are increasing their holdings. The
truth is that this central ization of hold
ings has more Of bearish influence than
bullish, as it certainly is more of bear than
bull argln mt. Ii Walkers prime pals
proposed Il wheat deal, which is not likely,
then their big holdings might enco urage the
tailers; but if no deal is contemplated, as is
possible, it Is easy to see that no other strong
traders are likely TO boost prices to give these
bpld,.rs a unnd chance Z, unInaI
Corn was inclined to irmness, especially
for May, under very light receipts. March
opened unchanged at 37lTc, selling 4c
higher, but closing later steady at the open
Ing prices. May opened Isc
higher, at 41Xc, improving &c af-
terward. Toward the close the demand
became very light and prices fell off SC, and
closed steady at Al sc. Liverpool was de-
pressed, but our receipts were only a cars
against "a yesterday. Out of this quantity
Ii cars graded No. ,. New York early was
little 6rmer on corn, aud so WAS St. Louis
II there was any life or strength in other
markets corn would be likely to 60 higher
under existing circumstances, but the dead
ness aud heaviness ia wheat aud provisions
affect corn and keep II within a narrow
range OF activity. The foreign market is
evidently
GETTING PRETTY WELL FILLED Up
but there is yet good home demand for the
article. Oats are so quiet aud stationary
that the market is more nominal than real.
The price, however. keeps along steady
with corn aud wheat May was the
only future dealt IN, opening at S05Sc, sell
up 70 Sic and closing at S0<c, an advance
Of &c over yesterdays latest sales. Pro
visions showed an spsthetic movement, and
prices covered a slightly lower range than
yesterday. The only strengthening factors
we're the falling of in receipts Of hogs aud
small advance in prices, but traders were az
pareutly indifferent aud The bidding for most
lines were slow. Mess pork. as usual. re-
eeived the most attention and opened at SI3. 20
MAY, receded TO Sl3. l2lE recovered to SIS 20
and closed in the afternoon session al sI3.I5.
Lsrd Vas slow aud without noticeable altrra-
ton in prices, but the feeling wAs
slightly weaker, closing at ST.I5 Mas, with
small offerings. Saort rib sides failed II
attract special attention, and values averaged
shade lower opening At 50 66L Nav, sold
al S6.60Sl6.65. aud closed at $500 bud
There was out ilttlc trading all dav. confined
mostly to May option with no Inquiry FOR
other months. One trader. after cxhaustiuz
the vocabulary Tor rank epithrts - b,.siow on
the provision market, wound up his trade
With: AS for pork. il l. staggering. and
likely, after hitle Effort BY the present
holders who are evidently amateurs 20 al
vance il, e. decline. The country has had
the prctuct Tor some time and bullr,i pork to
SIS 50 Tor Nav. Several Efforts have been
made - ct the dsurc past that point. but