St. Paul daily globe., 1892-02-15
Chicago Markets Losing Fear
of the Bills as Factors in
Trade.
The Feeling in Wheat Was
Strong, But Heavy Sell
ing Prevailed.
Operators on the New York
Stock Exchange Evening
Up on Deals.
Coal Stocks Still Traded in
Heavily, But Small Gen.
eral Changes.

CHICAGO, Feb 13.-The wheat market was
rather strong most of the day. The news
was mostly bullish, and the buying was at
Times quite sharp, though largely profession
al, the outside business still being slack.
The anti-option bill now pending i'll congress
was less of factor in the trading than II has
been for several days past, as the impression
seems TO be gaining ground on the board that
IL will not become Il law, at least in its orig
inal FORM Caoles opened higher and strong,
Liverpool being l2Gld up. and private ad-
vices from Paris reported decided up turn
there on continued crop damage reports A
Paris cable, forwarded by a New York firm,
said: Crop damage not exaggerate d; plant
dry ana dead"
The seaboard and interior markets all
started higher. and for a time there was
fairly active trading here The buying orders
seemed TO come chiefly from New York. and
were executed through Mitchell, CosterMar-
tin. Irwin Green and "Cush" Clifford. The
selling was cautious. and snorts covered
pretty freely For time the market main
tanned itself stubbOrnly, May selling from
eOl4c to 9llSc, and held for a considerable
time at qO7S091c. Then Partridge began to
sell and seemed determined 10 I'LL the crowd
up. For a time the offers were readily ao-
sorbed but finally the price began to yield
buyers 10 begin unloading, and the weakness
increased.
Then the crowd began 10 suspect that New
York had been bulling the market 10 get q
hard spot TO sell on, and the trade began to
show nervousness. and on the free offerings
gradually sold off 10 90l2c. During the last
hour however, there was a reaction and May
closed strong at 9l@9ll6c. The weeks ex-
ports decreased 100000 bu in comparison
with the weeks previous and the available
stocks showed a decrease OF $4,000 bu- The
seaboard clearances for two days were only
moderate. cable from Liverpool that II.
kainS jackson. the well-knoWn English
statistician, had estimated that the wheat
crop of the world was 4S,000.000 bu short of
the requirements, had a Strengthening effect
Oh the market
Corn quiet and weak; the demand was
rather sluggish, and, as some large lots were
thrown on the market, prices yielded some.
d. b. Sibley was said to have sold out large
line of long corn, bought on the recent break,
and the trade was too small TO take il with
out causing some depression. May opened
&c higher, at 4S5Sc, in sympathy with the
strength in wheat and because of an advance
OF lad at Liverpool, and worked slowly down
10 4i7sc, assisted by large estimated receipts
Monday, but rallied in the last hour with
wheat ana closed steady at 42lSc.
Oats were duh and easy, closing with loss
of Isc.
The receipts OF hogs were light, and prices
steady. Hog products opened finn, in SYM
pathy with wheat, and advanced Slightly.
.hen weakened some, and closed with slight
Ssins on pork and lard, but with ribs un
changed.
Estimated receipts for Monday: Wheat,
160 cars; corn, 462 cars; oats, $40 cars; hogs,
26,000 head.
The leading futures range as follows: