St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-22
PLENTY OF SELLERS.
The Last Twenty Minutes in
the Pit Sees Prices at
Their Lowest.
Logan &. Co., Cudahy and
Partridge Unload Consid-
cradle Wheat.
Some Buying Oeeasioned by
Extremely Cold Weather
in the West.
A Dull and Listless Market
Prevails in Wall Street
Circles.

CHICAGO, Feb. 21.-The delightful
change in the weather acte1 to the dis'
cOuragement of those who had bought
wheat yesterday expecting zero weather
this morning. From this cause solely
those who were previously short were
encouraged to press the market with
further offerings. There were sellers III
abundance of May wheat at 9I4c,
against 9719c on the previous afternoon.
Logan q Co., Cudahy ana Pardrldge
were leading sellers at the outset. The
Hutchinson forces were not put in mo-
ton at the start. There were buyers
for these liberal offerings, among whom
S. V. White u Co., George Smith and
HelmholZ were the most prominent
early. Mitchell turned in on the
bull side a little later and Farnum
and Hutchinson did some selling.
Up to II o'clock the extreme range
in May was from 97c to 9736c. Some
buying was occasioned by the extremely
cold weather in the Northwest, and the
prediction that it would move down
over the winter wheat country by to-
morrow, giving the wheat plant the
severest mp of the season. New York
dispatches reported the receipt again OF
cablegrams containing the announce
ment of serious apprehensioDs of much
damage to the French wheat crop. The
cables quoted the markets abroad I'M
changed, denoting that the operators in
those markets were as skeptlcal about
the damage to the French wheat crop as
are the majority Of spectators in Chi
cagO. The Geographic communication
with the East was still very IN
perfect, in consequence or Wnlch
the number of orders from
thence was much under their normal
bulk. The pit was dull after the ii st
half hour and the business resolved
itself into a match between the divided
forces of the home team. The last
twenty minutes OF the session saw the
prices at the lowest point of the day.
Nav sold AT $3.50, and closed with $500
bid, or &c decline from yesterdays tlnal
quotations. The most active trading OF
the dav was concentrated in the time
occupied by the final break. The mar
ket for corn was affected by the weather
at the start, which being favorable to
freer movement from first bands, had
made the opening rather weak at 16@4c
under yesterdays closing figures. The
sellers upon the bulge of yesterday:
having an encouraging margin of
profit, were inclined TO press the adj
vantage they were thus possessed of.
There was fair amount of activity at
times and a good deal of it in the last
fifteen minutes. The break in wheat
near the close was the influencing
cause OF a drop IN May corn to 5438c,
with very little done at the lowest quo
tations, there being an immediate slight
reaction. Oats were extremely dull at
narrow range of prices. Provisions
opened weak and declining on the con-
tinued accumulation Of stocks and the
continued heavy receipts of hogs. The
Cudahy Packing company and L. NJ.
Baxter were free sellers on the call.
Pork for May opened at a decline of
&c, and after temporary reaction of
re, broke 219c, and closed at 500,
which was the lowest f0r the day.
Lard made a break. closing at decline
OF Pic; and ribs made a similar poor
ShO wing.
The leading futures ranged as follows:
I;s,1,