St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-14
kNTI-OPT!ON NOT init
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. 1S.-The wheat market was
:ather strong most OF the day. The news
was mostly bullish. ana the buying was al
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 Il factor in the trading than ii has
been for SeveFa. days past, as The impression
seems TO ee gaining ground on the board that
il VIII not become law, Ut least IN lis orig
inal form. Gables opened higher and strong,
Liverpool being Is9id up, ana private ad-
vices from Paris reported Il decided up turn
there on continued crop damage reports. A
Paris cable forwarded by a New York firm.
said: crop damage not exaSgerate d plant
dry ana dead.
The seaboard aui interior markets all
started higher. and for n time there was
fairly active trading here. The buying orders
seemed 10 come chiefly from New York. and
were executed through Mitchell Coster-Mar-
lin. Irwin Green and cash" Clifford. The
selling was cautious, and sRorts covered
pretty freely. For time the marke; main
.ained itself SIubbornly, May selling from
9Cs4c 20 alIsc, and held for a considerable
time at 907sGl9Ic Then Partridge began to
sell and seemed determined 10 ill the crowd
up. For 4 time the offers were readily alb
sorbed. but finally the price began to yield.
This was the signal Tor some of the early
buyers 10 DeSin UnIOdUinS. ana Inc weakness
increased
Then the crowd began TO suspect that New
York had been bulirg the market TO get
hard spot 10 sell on. and the trade began to
show nervousness and on the free offerings
gradually sold off 10 9Gl2e. During the last
hour. however, there was q reaction and May
closed strong al 9i03i iSc. The weeks ex-
ports decreased iO.1U bu i'll comparison
with the weeks previous and the available
stocks showed decrease of $4,000 b. The
seabOard clearanceS for two days were only
moderate. A cable from Liverpool that II.
Kains Jackson. the weli-kuown English
s.atistician, had estimated that the wheat
crop Of the world was !S.p00,000 bu short of
the requirements had strengthening effect
nn 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. i. Sibley was said TO have sold out large
line OF long Germ, bought on the recent break,
and the trade was too small 10 take it with
out causing some depression. May opened
lac higher, at 4S5sc. ia sympathy with the
strength in wheat and because of Il n advance
of I'D at Liverpool, and worked slowly down
TO 4l7sc. assisted by large estimated receipts
Monday. but rallied III the last hour with
wheat ana closed steady at 4.Isc.
osts were dull and easy closing with a loss
81 We.
The receipts of hogs were light. and prices
steady. Hog products opened finn, i'll SYM
pathy with wheat, and advanced slightly
then weakened some. and closed with slight
gains on pork and lard. but with ribs I'M
changed.
Estimated receipts for Monday: Wheat.
leo caIs; corn, 463 cars: OATS $40 cars; hogs,
26G00 head.
The leading futures range as follows: