St. Paul daily globe., 1892-03-13
PRICESSTILLG GOODWIN

CHICAGO. March I2.-Everything dealt in
OH the board of trade was again weak and
lower to-day. The news was generally bear
ish, and the conditions rather disconraging
to holders Cables were weak and lower and
on the continent some decentralization was
reported, especially at Berlin and one dis
patch said that London buyers had reduced
their bids Is, though the first public report
quoted the market as weak, but only lG6lL2d
lower. Domestic markets all had down
ward tendency and the bulls seemed tired
out and discouraged
The fine weather here and the mildness
which the weather map showed to tie pre-
vailing throughout the winter wheat belt
was also q weak factor. The trade was light,
the demand being largely confined TO the
covering of shorts, very few operators being
disposed 10 buy for investment. even after
the Scent drop and with sellers plenty and
times urgent, the weakness was most natural
and the decline easv. Foreigners were said
to be selling freely at the seaboard, and "A
lull was reported in the export movement
New YORK reported failure there of an ex-
porl house, but rs it was found that the con-
Germ was not large one, and that Mcintyre
d Wardwell had assumed all their contracts,
its effect was not very important. Pardrldge,'
Schwartz-Dupee and Brosseau were among
the most generous sellers, though BALDWIN q
Farnum also dispose of good line. -
There was some effort made to check ihe
weakness by raising q weather scare, anu IL
story was started that cold wave was head
ed for The winter wheat country, and that
the mercury would be l5 to % degrees below
zero in some parts Of Kansas ana MISSOURI
tomorrow. But it fell fiat the undercurrent
being too weak to be much affected. 1T was
generally accepted as an effort to make a
hard spot, either 10 unloau long wheat UT get
cut more shorts.
The exports from both coasts for the week
were i. 3.734.0 900 bushels, agninst 3,3UI.0O0 bush
els for the previous week, and thirty-hve
bontloads were reported at New I orK Dut
even this had no peTceptible effect Bulls
were tired and discouraged, and the bears
had all the nerve and confidence. Still the
covering on the break was sufficient to pre-
vent any great slump in values. May opened
at S13b0S15sc against S75sc at the close yes
terday, broke to S67sc, to SIC, rallied TO S1&sc.
went off TO SCs4c, Strengthened on covering
by shorts. and closed steady at SiSsc.
Corn continued weak and lower range OF
values was again recorded. Ihe weakness
was due to liquidation, largely by country
holders the government report evidently
having a beariSh influence in the interior,
and the weakness in wheat caused a sympa
thetic bearish feeling in the corn pit, longs
Offering quite freely. Large receipts were
also a weakening factor. May opened at 4s4
@41c. against 4lc ut the close yesterday. ana
sold down to 4Ulsc; then shorts began TO
cover, and this, with some investment buy
ing. stopped the decline and caused rally
which brought the price up to II asc at the
close.
oats were traded in freely during the early
part of the session, but the last hour the mar
iet became quiet There was free liquida-
ton by longs early, and no demand, except
from shorts, who bought literally The
heavy offerings, however produced weak
ness. and May closed at 2GsSc, loss of sSc,
after having touched 29ssc.
Hog products, in the absence Of any other
news to affect prices. were governed largely
BY the fluctuations in wheat and corn. The
market was dull and with narrow fiuctua-
tions. Pork and ribs closed 2l2c lower, while
lard was unchanged.
Estimated receipts for Monday: Wheat, 1856
cars: corn. 305 cars; oats, 14O cars; hogs,
5000 head.
The leading futures ranged as follows: