St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-25
And Therefore Very Dull Day on UNI
cago Change and in Financial
Circles
The Action of Tuesday Succumbs to the
Reaction Produced by Weather and
Wire Reports,
Wheat, Corn and Provisions all CLOS
ing Lower and With a weak
Feeling.
stocks at New York Reported feVer-
ish Over the Fears OF 81 urtneE
Rate Decentralization.
Chicago Grain and Provisions.

Special to the Globe. -.
CHrCAco. Feb. 24.-wheat opened this
morning with the local scalping crowd Dear
isb. Nav sold down from S65sc TO o51sc De
lore II O'Clock, with occasional reacuohs'
report about IL O'Clock that live Doats nao
been taken in New York, having quite pear
isb effect The bull clement received quite a
setback however, the exchange being sud
denly flooded with dispatches from New ork
all couched in the same language, TO the erect
that the t,yenty-one boat loads bought Tor eX-
port yesterday by Nightingale, had been Or
dered sold at any price, and That the market
there had broken on the news getting out
That way of doing business was denounced
as very reprehensible by the crowd
and free selling followed. Not a Few,
however, expressed the oelet mat
the pretended order TO sell was
trick to break the market TO enable the eX-
porters to buy more property at cheaper
fpures 1t WAS the prevalence oil TINS uOuDJ
as TO the location Of the ''little joker that
gave sustaining power TO the market. IL was
noticed that there was good buying Dy strong,
speculative and commission houses all
through tine dav and the floor brokers seemed
IN have plenty to do. Ream bulled the mar
ket for an hour, and then n. ,. Jones sold II
down. It is said that Jones is now on the bear
side and Ream on the bull, and that the TWO
big wheat scalpers have parted company ior
the nonce. Ii is, of course, no more Yaluab!e
than other gossip, but il is the gossip now
that Jones will try to accomplish for Ream
that which the latter did for Jones during the
ELDREDGE-JoNEs BULL CAMPAIGN
smash things. The general distrust with
which the Nightingale selling intelligence
was received deepened. In the language of
n broker. 1.-THE boys didn't seem To swallow
it," and the market hardened, the close FOR
May being S61Ic, a recovery from the bottom
of &c. Cables closed dull, and, according to
most of tine private cables, weak, though
there was q conflict of testimony on that
point The market was strong on the after
noon board until nearly the close, may selling
M TO SG5EGS631c, from which point it
rapidly rCceded to 8G1zc, where it rested
AT the close Latest quotations were Sic for
February and March, S61sc for May and
8I5zc for June, indicating decline of about
&c from Yesterday. On the curb this evening
puts on May sold at 8j3smS534c, and calls at
$500, sellers. Corn was dull indeed, ship
r.sents but slightly exceeding receipts. Only
9S cars, Of 754 reported to-day, inspected No.
2. This shows an Improvement over the past,
but as vet il produces no effect on the mar
ket. Futures are quiet, and with the weak
ness i'm wheat sold fraction lower than on
Yesterday at 371%c for March. 3754c for April,
4O35c for May and 405sc for June. An espec-
tally dull commodity was pork, its general
range being between Sll12% and Sll.50.
Lard was steady. Hutchinson sold Steever
5000 tierces of May at S6.1215, which trans
action was probably as large as any sale of
the day. The late close was not materially
changed from Tuesdays latest figures, with a
fairly firm feeling.
PETER BERKEY .Pres F. w. ANDERSON, Cashier.
CIV. GRIGGs, V. Pres. A. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK,
CAPITAL S500 OOO