St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-14
PRICES CLOSE HIGH.
Weakness of the Shorts SuSs
tains the Price Of Hay
Wheat.
Surrounding Environment OF
the Situation Without
Change.
Corn Market in Active SYM
pathy With the Advance
in Wheat.
Wall Street Stock Market as
Near Dead as Possible
and Prices Low.

CHICAGO. Feb 13.-The market on change
averaged strong aid prices closed higher Ior
all the speculative commodities Wheat was
held ND bv what is called the Inherent
strength of the situation in conjunction with
The acoIliTed weakness of the shorts. Inc
surrounding environment of the situation
WAS without material change before the mar
Ret opened, the only appreciate alteration
being a slightly firmer tone to the foreign
dispatches A cold wave was reported 10 be
one of the possibilities of The next few days.
Snow had fallen at Portland, Ore; san Fran
cisco and san Diego, Cal, reporting clouds,
but no rain. The opening price OF May was
g,BSc, with some sales at the same
instant at 97Isc; il touched 917Sc, reacted
TO gi&c and ten minutes from the
opening, it had advanced to 9S4Sc. There
was one more weak spot. when the extent OF
the Northwestern receipts became known;
then the Milwaukee -four shipments, Atlantic
cIearances. cold wave and the scared shorts
Dlayed into the hands of the bulls, and an
advance to sac was brought about without
much trouble and to the ACCOMPANIMENT or
heavy trading Hutchinson was the heaviest
huyer from g75Rc unIll 9SAc was passed.
After the bulge TO 9Sssc he was seller at
0round gSLsc Logan < Co. bought heavily
near the opening. Clifford took 200 coo bush
els from Robert Lindblom in one lot; NJ. C.
Mitchell gathered IN, it was said, 100000
for n. b. Ream. Milmine- Rodman,, S. V.
White d Co., Kennett Hopkins. Baldwin,
Farnum and w. G. Mccormick & Co. ali had
buving orders early. The sellers were the
holders of cnlls. The price OF May gradually
sagged from 9SS4c to 9SI8@19SAc. and when
in the neighporhood of 9seSc. there was
very light business. There was some i'm
provement near the close on reports OF eX-
port business at New York The corn market
was in sympathy with the advance III wheat
and closed at 19c advance upon yesterday
closing quotations. The May delivery
opened at 5284c, with some sales at 52oSc also
There was very little disposition 10 sell until
the price was advanced 10 531sc. when Hutch
inson uuieted some of the shorts by selling
active early with prices advancing under,
buying by Hutchinson, but later he turned
seller. causing reaction and quiet market
for the remainder OF the session;
The short interest In May rye caused
another sharp advance i'll that cereal.
The opening was excited and &c higher at
see. Thence the price advanced to SIC with
rumored sales at S1l2c. The climax was
reached at this price which indicated an ad-
vance of &c as compared with YESTERDAY
closing. Several traders VINO helo selllng
orders then attempted to execute them by
offering their property down to SIC, when the
market closed showing net advance OF &C.
The receipts of from 80, 600 to $4,000 hogs was
somewhat less than had been looked for. ana
the first sales of provisions showed some i'm
proyement over yesterdays closing quota
lions. The demand at the advance was not
active At an advance in pork of Ice over
the opening figures sellers were more numer-
GUS. but the final dealings were at 10c ad-
vance on those at the corresponding time
yesterday. Lard and ribs followed the
course of the pork deal, the former closing
with gain for the day of 7l2c and the latter
OF Sc.
The leading futures ranged as follows.