The morning news., 1890-02-22

Foreign firm; New Orleans. open kettle firm
Tor common 70 fancy. Petroleum quiet aud
sie2dy; c-ude, IN barrels, ParAer's. s. 30; r.
mud, here. Sl 20. Cotton seed oil steady at &c
Tor crude. Wool easy; domestic fleece $40
- g. pulled &lGD3Oc, Texas l3Gssc. Pork active
aud hTm, Beef quiet. Beef hams steas.g.
1iercei beef dun. Cut meats steady. Ind
easier andquiet; western steam at So I2jf; oD-
tlons-iarch delivery So 90 asked April delivery
- -, May delivery Sc Is Freights to Liver
poi steaiy cotton, per steam. l5-s4d.
CHICAGO, Feb. <L-There was quite a large
business transacted during the cary part OF Inc
session AT weak and declining prices but thers
was less doing. and the market was STEADY at
tue decline during the latter half The opening
was at about the closing figures of yesterday,
but they ruled weak and declined with only
slight fluctuations, became steadier, and closed
:sc lower than yesterday. Toe dec inc was at
tributed, II was claimed chiefly 10 the working
OF early Liverpool dispatches which quoted the
market for February wheat collapsed" owing
70 arrivals. Operators commenced 70 sell quite
Freely, and confidence in the market here was
oAdy shaken for a time. IL seems that owing
20 belated arrivals on account of adverse
weather sort of squeeze" was under way in
California wheat in Liverpool aud increased
arrivals caused filling OF contracts, and
merely the advance OF Thursday was lost. This
IS the explanation made by persons who are
dong business for foreign parties. In corn
moderate speculative trade was reported and
the feeling developed was weaker much lower
prices being established. The weaker tone of
wheat, together with cold weather, which was
iooheu upon as favorable Tor improved grading,
Induced short selling by parties who covered
their outstanding contracts the past two days.
The market opened a shade under Yesterdays
nnal quotations, was easy and sold of sc lower,
ruled steadier and ,closed 3sdl6c lower than
yesterday. Oats were active but weaker and
lower ON all deliveries. There was increased
selling by longs, and no demand of consequence,
except from shorts. but their purchases wers
not of sufficient magnitude to sustain prices
under liberal general selling, and recession of
1Sd116c resulted, ana the market closed weak at
inside figures. In mess pork trading in futures
was or small volume, aad nothing was done in
deliveries this side of May. The market was
weaker early and prices declined slightly, but
the lost ground was fully recovered. and there
was steady though extremely quiet closing.
Lard was quite weak. as there were liberal
offerings OF May and deferred futures, and only
n moderate demand The net decline was 2l6c
In short rib sides moderate amount of interest
was displayed, but prices were weak and the
closing figures at the bottom.
Cash quotations were as follows: Flour was
quiet and unchanged. Wheat-No. 9 spring
75A07ol4c; No. 2 red wheat 75t4c Con-No.
., 21Ac. Olts-No. 2, I9ttDl9ytc. Mess pork
at 50 I0D9 1o. Lard at So 1905 72I$. Short rib
sides, loose, at 81 20. Dry sated shoulders,
boxeJ, unchanged. Short clear sides, boxed
unchanged. Whisky at 81 o..
Leading futures ranged as flows: