St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-27
Chicago Markets Suffered on
Account Of a Scarcity
Of News.
Seeding in Kansas, Cold Wave
81 81 and Heavy Receipts We're
< Depressing.
Leaders in the Trading Pits
:, Were Quiet, and Quota
tiOnS Lower.
New York Stock Market Is
- Utterly Lacking in Life
. or Interest.

CHICAGO, Feb. 26.-Wheat was quiet and
weak today. There was q dearth of news of
character TO stimulate values; many tired
longs concluded to get rid of their loads and
stop loss sales and some raiding by bears as
sisted to weaken prices. Cables were gen.
orally lower, and domertic markets dull and
easy. Reports from New York said that for
eigners had turned sellers and were trying to
reiet the freight room contracted for during
the last week or two.
Reports from Kansas indicated that winter
had been favorable for wheat and that there
were indications of an unusually early
spring. and in fact that the seeding of oats
and barley had already commenced. cold
wave was reported in the far Northwest, but
the indications were said TO be that it would
move eastward instead of southwark An
other weak feature was the heavy receipts
in the Northwest, over 700 cars being report
cd at MinneaBoliS and Duluth. Minneapolis
also wired that big receipts are expected
tnere Tor some time yet comprising mostly
wheat coming out of country warehouses;
elevator men bringing the wi eat in now. as
there is no object in holding, the cash wheat
commanding about May prices
Later some over-Zealous bears found that
they had oyersold and proceeded to cover.
rms, with reported good export buying here
and at the seaboard. caused rally: but the
strength was only temporary. Late cables
were weak, and the market being dull, eased
off. May opened at 0l7s@l92Isc, against 9al2c
at the close yesterday; broke to 9l4sc, re-
acted to @bc, weakened to 92e flnctuated
narrowly and closed at Disc. Partridge did
very little i'll the market. He bought some
under VIC TO cover short sales of yesterday.
Corn was quiet and nearly featureless but
the general tendency was TO weakness.
There was nothing especially weak i'll the
situation as receipts were smaller than eX
pected. and not a single car of the contract
grade went into store, but the market was in
fllienced some by the weakness in wheat, and
the shipping demand was rather slack. Pard-
ridge sold some, but was not aggressive.
May opened 1Sc off at 42lsc recedea to Acc,
rallied to 42sSc. eased off and closed at 42Isc
Oats were quiet and weak, fluctuating
within range of Ice during the entire SEES
sion, and closing Ac lower than at the close
yesterday.
The receipts of hogs were heavier than had
been estimated and prices were 5@Dl0c lower.
This, with the weakness in grain. scared the
longs and made the market for products
weak in the early trading. as it could not
stand up under the full selling orders.
Holders then became afraid of the severe
break and put in sustaining orders, causing
rally. This was followed by another break
and free selling by brokers supposed to be
acting for Armour, but good buying rallied
1t again and the close was at insignificant
changes fronfthat of yesterday.
Estimated receipts for tomorrow: Wheat
150 cars; corn, 260 cars; oats. l7J cars; hogs,
1900.
The leading futures ranged as follows: