St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-10
Pork is Getting Heavy Under the Large
Receipts and the Warm
Weather.
Wheat Also Shows Tendency Toward
Weakness Owing to Small Trad
ing and Good Offerings.
The Corn Crowd Taking a Rest, While
the Oats Pit is Compare
lively Deserted.
Lackawanna and Other Coal STOCKS
Enjoy a Boom, Closing at Top
Prices of the Day.
Chicago Grain and Provisions

Chicago Grain anu fEotA
Special to the Globe.
CHICAGO. Feb. 9.-Commisslon houses
report little new business and an aDuhoance
of ''open trades" on their books. Inc naI
ket seems to have fallen into rut. nat
speculation there is is centered III MhoaV
and provisions, and for week past ou9l-
ness in the product OF the hog mas peen Oh
a diminishing scale. The DAILY fluctuations
in wheat seldom go above or peioW Tic
bounds established by the privilege takers
the previous evening, unless it is in the in
terest of the big professionals to nave It
otherwise. The market is largely IN
the hands of this class OF oper-
ators and the army OF scalpers
and smaller room traders who pare tie
market for loving and pluck fortune from
the whirling teeth of the lively buzz-saw ARE
kept busy guessing what their rlcher pretl-
rem are doing and what they are gong 10
do next. Meanwhile the visible supply Is
slowly and surely getting smaller. 700
slowly for the more
NERVOUS BULLS,
and too surely for the confirmed bears, VINO
want to go into the next crop with pursuing
warehouses. The influences that are felt
IN the wheat market to-day were
a slightly stronger feeling in New
York, which was reflection OF
the condition of the continental markets.
the approach of another cold wave from
the Northwest, very dull English markets.
an apparent improvement in export move
ment from New York and general lassi-
tude on the part of the outside public. Inc
opening this morning was at decline from
Yesterday of &c. first trades in May being
at S4Ac. An advance to SAGE was the re-
suit of a couple OF hours trading, during
which time the bulk of business was done
at 64%@S456c. The market was at no
time very lively, and sometimes 1t was de-
cidedly dull. Toward the end Of the morn
ing session, the market
EAsED OFF
the pressure of free offerings, and closed at
SAFE for May, the lowest point OF the
morning, exactly the same as the opening.
There was a dreary dearth of sensational
news all the forenoon, and the markets
were dragging There was little trading
on the afternoon board, values holding frm
at the early closing, which was tribe
under Yesterdays latest figures. Corn was
neglected and remained i'll the same rut as
for several days past Receipts were good
and shipments only fair. New York was
stronger and higher early for the near fu-
lures, but quiet on the distant ones. Gables
offered no encouragement 10 buyers. Inc
market is legitimate one and does not
fiuctuate enough to induce spectators to
take hold with any freedom,
HENCE THE DIZZINESS.
May sold at 4O@4015c and closed at 40c,
and February at 36H@96Hc, closing at
36Lc There were %. 600 hogs at the yards
this morning, and with such warm
weather the prices there We're weak.
off OF
Nav sold down to S11.121I, with every
prospect of lower figures before night
There is now an evenly divided opinion as
to the situation in pork. One party be-
lleyes that while May pork may go lower
there is no certainty of its going much
lower, and there is every Likelihood OF It's
going good deal higher.
81 feel that pork is going to advance, said
Mr.. Brown of Chandler, Brown Co., "be-
cause there are fewer hogs in the country
than anticipated and because they have been
averaging twelve pounds higher. That
makes good deal of meat when the 5.0OO,OOO
hogs are killed. Besides, Plankinton is
great bull on it, and Plankinton would not be
q bull with Armour a bear. 1 advise careful
purchases on the break. They win win.
MIR Comes of Orr. Crittenden d Comes
took the same position.
This be SAID, lis the time for purchases
of product. The market is weak because it
is made weak by the big handlers, who are
buying the product. When the market firms
up later it will be no time to buy
The close this afternoon was far from
strong for the February and May options
at $10.90@11.1215 for May pork, S6.05@
6.O71a for lard and $5.40@5.42X for ribs.
PETER BER1EY. Pres. F. W. ANDERSON, Cashier.
CIV. GRIGGs, Y. Pres. A. G. ANDERSON, Asst G.
THE ST. PAUL NATIONAL BANK,