St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-20
A QUIET rs REIGNING.
In Speculative Circles There is Not
Enough Stirring to Keep 0per-
ators Awake.
Wheat, Corn and Provisions all Inactive,
Closing About the Same as on
Thursday.
But Little Action in the Commercial
World, the Banks all reporting
Dizziness.
Lackawanna and the Collapse of the
Transcontfnental Engaging
Wall street Men.
ChicagoGrain and Provisions.

SPECIAL to the GLOBE.
Chicago, Feb. 19.-On Change to-day
every thing was very fiat, nothing attract
,ng more than the smallest possible amount
of interest. The general tone was we ker.
the foundation for this feeling, being the
prevailing snow storm, which is supposed
to be very favorable to winter wheat In
all branches there was very decided dispo-
sition to LET 90, which was not met in the
earlier hours by any corresponding desire to
catch on. Outside orders for speculative
purposes were limited, and in wheat there
was an exceedingly light demand for ship
ment. Several small lots were bought on
New York account, but not enough to
stiffen prices, and the result was sag, both
wheat and corn starting weak. The former
showed an opening decline of &c for May
and the latter shaded off &c with almost
nothing doing. News of heavy snow storm
Northwest and West was regarded as favor
able to the growing crop, while cables
tended TO still further help the down grade
tendency. Throughout the morning session
Lester d Co. and Nat Jones were free sell
ers, while Hutchinson was steady buyer
ct every drop. Some confidence was eX-
pressed by the bear element that If Sac
could be touched for May wheat a serious
break would follow, but these predictions
were not verified. Some struggling reports
of crop damage came wandering in and the
effect was slightly bracng. In addition,
two or three heavy firms suddenly became
LARGE PURCHASERS,
Orr, Crittenden and Comes notably taking
on about 500, 900 bushels. Aside from the
''spurts' however, the day was without
feature the fluctuations being so slight
there was very meager opportunity even
for the industrious Scalper. TariatiOnS of
nc hardly gave him room to exercise his
peculiar talents. This afternoon persistent
attempts were made to hammer the market
down, but without avail, the finish being
the same as opening figures at roc for Feb
ruary, 79Hc for March. 81 nc for May, and
Soc for June. George Bodman said to-
night:
Just now the speculative business at all
principal points seems in a languishing con-
ditiou, the result of continual losses for the
past two years, caused by paying exorbitant
storage charges and premiums that have ex-
listed, and business of all kinds being dull and
yielding meager profits. Spectators have
no means of replenishing their depleted eX-
checquers, hence the present stagnant and
unsatisfactory condition of the legitimate
trade in breadstuffs.
On the curb this afternoon puts on May
wheat sold at S40S41sc, and calls S419 G0
SAGE. All indications were that corn
would experience most decided drop, as
there was known to be no particular sup
port, but unexpected strength was devel-
oped, on account of the inferior quality of
the stuff received. OF the go ears only a
beggarly five graded up to the standard,
and there was naturally considerable firm
ness where otherwise slump was expected.
The bulls appear to have pulled out for a
time. About
THE BIGGEST SELLER
duringd he morning was John Dupee. A
moderate effort was made by Murray-Nel-
son and Norton-W orthington to hold the
market. The close was quiet but steady
at about opening figures at 3719c for Feb
ruary, 375lc for March, 375sc for April,
4115c for May and Ale for June. Hog
product is falling back again into its ole
ruts. The bulk of the time to-day the pit
was deserted. May pork ruled very slightly
lower. with only a slight trade IN it. The
tone was so heavy that even an advance OF
10c in prices for live hogs at the yard:
failed to tone up the pit. Shipments from
the yards were also on an unusually free
scale. The close was steady at figures un
changed from Thursdays latest quotations
PETER BERKEY sPres F. w. ANDERSON Cashier
CIV. GKIGGs, V. Pres. A. c. ANDERSON, Asst. c.
THE ST. PAUL NATIONAL BANK
CAPITAL, 100000.
Corner Fifth and Jackson streetA