St. Paul daily globe., 1891-02-04
Quiet Session. ON Change,
With Prices Influenced by
News.
Outside Orders Scarce and
Home Talent Becomes
Quite Studious.
Plenty Of May Wheat Sellers
on the Board at a Dol
lar One.
Vanderbilt Stocks the Strong
est of Any on Sale on
Wall Street.

CHICAGO, Feb. "a quiet session
succeeded the excitement Of the pre-
viOus day, but prices were more SuS-
ceptible to news influences, and were
free from the agitation caused by alb
normally heavy individual trading.
Pardridge's brokers were resting, and
Hutchinson was merely playing the
market up and down within 1ac range.
The influences were the cold weather
and good inquiry for cash wheat on the
one hand, with dull markets abroad and
small export clearanceS. Orders from
outside were scarce, and the home talent
was more disposed to study the situation
than to make fresh ventures. There
were sellers of May wheat in abundance
at S1.0114 as soon as trading started, but
buyers at that figure were not found Tor
more than one or two &, 5,000-bu lots, and
it was almost at the same instant offered
down as low as S10034 before purchasers
cropped up in SufficienC numbers to
balance the deluge of offerings
The cables reported the English mar
kets barely steady. The quantity of
wheat on ocean passage increased 656.
600 bushels, and New York reported
clearanceS of only 5000 bushels of
wheat. The foregoing items were not
calculated to create any immediate de-
mand. On the contrary the pressure to
sell caused a further decline, which was
only arrested when the price touched
99Hc. The news was not all of the
same complexion, one conspicuous eX-
ception to the items already referred to
being the Northwestern receipts, which
showed remarkable falling off from
their recent volume, and for the first
time for a considerable period were
lighter than on the corresponding day
of the year before. The rains in Cali
fornia yesterday were reported to have
been light and far from general. A
cablegram received by W. L. Baker
from Liverpool reported the stocks of
foreign wheat in the United Kingdom
insufficient for one months conSump-
ton, but the trade strangely apa-
the ic, remarked the sender OF the
dispatch. The imports and farmers
deliveries in the United Kingdom eX-
ceeded the consumption last week by
800 bushels. Thompson, of Duluth.
sold two loads of wheat for May and
June shipment to Glasgow. and $4,000
bushels of No. | northern were sold to-
day in Buffalo at $1.1119 there. The
price kept within the range of 9915c and
Sl.003s after the early decline already
noted. and closed at 81 bid. Oats were
STEADY DuU less acJ!Ve, ana Cn0 Hlarheb
presented the lifeless appearance that
characterized it previous to yesterdays
activity. Corn opened a &c higher
than 1t closed yesterday at sac, but that
was the top price OF the day, while the
lowest was only sc lower. Hutchin
son was the principal buyer, while Bry
ant, Kennett-Hopkins and Logan & Co.
were the most conspicuous sellers.
There was no excitement or unusual
trading, unless the selling by Bryant Of
100000 bushels in one line to 'Hutchin-
son be so considered. Tie receipts of
hogs exceeded the estimates made yes
terday by 5000 head, and the stocks OF
provisions we're also heavily in excess
of general expectation, under which
circumstances a weak market was a
foregone conclusion. There was drop
of l5c per barrel in pork Immediately at
the opening. and in few seconds lard
and ribs showed loss of SC. Armour
was a seller of pork through several
brokers at the opening, while Cudahy
and Chaplin and Edwards sold ribs and
lard. Ryan and other packers were
sellers on the call. about which time the
lowest prices of the day were ruling.
Tho 1nodino futures ronCed Ms follows.