St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-10
A Nervous, Unsettled Feeling
in the Trading Pits at
Chicago.
RumorS Of Failures South
Made Some Operators
Timid.
Corn, Oats and Hog Products
IA All Suffered Losses on
the Day.
Selling Pressure and Reac-
-tiOn in Coal Stocks Lower
IA New York Prices.

CHICAGO, Feb. 9.-Wheat was unsettled and
nervous today, and after huctuating several
times AT lower range, finally, near the close,
took "header" and closed week. a full &c
lower than yesterdays last figures. The mar
ket opened quiet at small reduction, COM
pared with yesterday. The feeling was
rather nervous. with little disposition to
press sales First prices for May were 9lsS@
9lasc, against 9l34c at the close Yesterday
The market was quiet tor time at 9IIaQD
9l4c: then bears became holder and their
sales sent the market off to Ole. But it was
then announced that $4,000 Blu had Just been
taken at New York for Lisbon, with foreign
ers showing more interest III the market and
there was quick rally to 9ls4c. 1t was also
found that Harry Lester was vigorous buyer
as we'll as several other prominent operators
and it quickly became the accepted
theory that these purchases were made
for Partridge, and were to cover his
short wheat, and the smaller shorts made
haste to do the same thing 1t was rumored
in this connection that Partridge had been
summoned to appear before the COMPRESSION
al committee. which is investigating option
trading, and hence was closing out his line
Later Partridge himself explained it by say
ing that he was sick with the grip and
wanted q rest.
After Partridge and the other shorts had
covered. the trading became very slack, and,
with little or no support weakness set in
The reported crop damage in France was
contradicted by direct cable, and thus one Of
the strongest props was Knocked out. Wright
d Hoaghey, Logan and Goodman
turned free sellers-the former understood 10
be selling for Kaufman. of st. Louisiana
there was steady drop to 90l2c. There was
some talk early OF a cold wave. but later this
was contradicted and lost its influence.
After the noon the weakness was contin-
m ri hyS
but indefinite rumors of heavy failures in the
South. and though they were thought to be
tocK-lobblng rumoEs, they made operators
tinlid. The final straw, not only III wheat
but III other articles. came shortly before the
close. when there was rush to sell on the
reported probability that the anti option bill
III congress would pass. On that. wheat
went down to S-ssc and closed easy at Se5sc s.
English Yisib.s supply showed decrease of
2s3.01U blu. The amount of wheat and flour
OH ocean passage decreased $4,000 blu last
week. McDongall sold o considerable line
OF wheat early around 9is4c, but bought
low Ole. Cables were firm.
Corn started steady, and, for q consider
able time. kept well up to the closing figures
OF yesterday. But the subsequent weakness
in wheat finally had its effect. and there was
sharp break. May opened at 42ssc. sold at
42s4c, then weakened and, without material
reaction, closed at 4f75c, the lowest figure of
the day, loss of 1c. The receipts were
iotHOi AiOSi,thC SliNAii5 OSttCiI anu tuS ClCuis
cold weather good for corn in The crib.
Oats followed corn, and closed with a loss
of 5sc
Hog products were higher early on the
smaller receipts of hogs thsn expected, and
an advance of ic@1l5c at the yards. The
market continued strong for some time, but
the weakness i'll grains and the continued
bear rumors finally had their effect and a
reaction set in. especially in pork, which
closed with loss of i2IsG1l7l2c; but lard adj
vanced 2I21il2c, while ribs were 2l2c lower
to 2lac higher.
Estimated receipts for tomorrow: Wheat,
14o ears; corn, f95 cars; OATS lbs cars; hogs,
30 900 head.
The leading futures range as follows: