St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-11
HEAVY OPERATORS UNLOAD
Despite "Bull" Influences the Price
of Wheat Says a Frac-
ton.
Corn Closes Weak, Oats Lower, Hog
Products Ruling
Easier
Financial Operations Of the Money
Kinqs--Fhc General Quota
tons.

CHICAGO. Feb. IO.-The wheat market was
stimulated some by bull news. With this the
market about held its OWL. and later j., the
day, as the effect wore off, the market was
heavy and dragged down to still lower fig
ures. The bullish influences were the Liver
pool cables quoting spot wheat Ad dearer
and from futures tending up and the visible
supply for the week showing a decrease OF
10000 bu against @ popular estimate OF
Doc. 900 blu decrease. At the same time the
weather everywhere was so fine that the
crop-freezeEs had to go out of business. Du-
pee wired from Kentucky that wheat was ad-
vanced as if it were April, and there was a
rumor that Fraley, of St. Louis, had news
from Odessa correcting the sensational state
ment of Beerbohm about stocks there beng
1900, 900 bu. But little attention was paid
outside news. There was more than ordinary
trading in the pit. SchwartZ-Dupee led the
early buying, followed by Geddes & Co.,
Baxter, Brousseau and the crowd for a time.
Cudahy covered wheat later, but talked
bearish. Lindblom bid for wheat on the
decline, and did nothing. and the price went
a fraction lower. Hutchinson was a seller,
but it was said to be on orders. Mccormick
& Co. and Baldwin also sold. May wheat
sold 7SI2c to 7SSsc 10 7S5sc 10 1850 TO 7S3S
@7SI2c to 7Si2@7S5sc 10 TSHc 10 1850 1Sl2c
to 7Sssc Mt l o'clock. June sold off lac TO
7SI2c, and July ssc to 76S4c. There was no
No. Q wheat received, and abont 5000 bu
No. Q inspected out of store The de-
crease in store here was offset by The in
crease aaoat. New York decreased 1885,
coo bu In store and afloat; Buffalo IO4,0 900
Philadelphia, 5000. and Minneapolis & st.
Paul together 1000 bu. New York cleared
26.U0 bu of wheat and Baltimore none.
Wheat closed steady at about bottom prices.
Receipts were % cars winter wheat, Is
spring. 1S3 corn and 160 oats. Withdraw
ais from store were 1876 bu winter wheat,
20, $50 blu spring. lS,73S blu corn and 25,5C4
bu oats. The visible grain supply statement.
as compiled by Secretary Jones, of The board
of trade, shows q decrease for the week of
10000 bu wheat, an increase of 1.l26,0J0
bu corn and $4,000 bu oats. The reduc-
ton of 10 per cent in corn rates by the a
sas roads made the market weak. May, for
the first time on the crop, broke below Sic.
The opening price was Sic, but the
figures an hour later were 30s4c. The
probability that iowa would ask for a
lower rate also helped along the weakness.
The reduction in prices at st. Louis was
more marked that it was here. The price
there broke I2c. Country owners and st.
Louis people ware the principal sellers. Lo-
cal shorts were buying. Traders III the oat
crowd were disposed to raid the market. but
Eggleston, Pardridge's broker, stood around
and took all the offerings of the May. This
future held STEADY, while Jun declined.
The provision ma ket was influenced just at
the opening by the dispatches from the stock
yards. There were but $1,000 hogs received,
and prices were bid up 5 TO Is cents before
the sales were over. On this, mess pork for
May started 7l2c higher at $40. 1914, but that
was the top price of the day, and after selling
at SlO.02la. the close was al Saturdays fig
uIes; February closed Sc lower. and March
&c off at S9.75. Lard was a trife higher
for February. at S.. s2l2, and 2l2c lower for
May. at So. 97l2. Short ribs were 2I3c lower.