St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-22
Chicago Operators Are Disin-
clined to Undertake
Heavy Deals.
Conflicting News and Doubt
as to Anti-Option Bills
the Causes.
All Articles Traded in Had a
Comparatively Dull and
Easy Day.
Quiet and Narrow Trading
Marked the Day at New
York.

c HIcAGo, Feb. 20.-The wheat market was
dull and generally lower today. Telegraphic
communication was seriously iDterfered with
by the bad weather, preventing the receipt
of news ana orders with the usual freedom
and prom ptness and local traders were left
largely to their own devices. The bad
weather in Great Britain played havoc with
the wires, similar to those felt IN this coun-
try, and the board oil trade did not receive its
Liverpool market report until late in the
day, though some private dispatches said
that the market was quiet and unchanged,
while others quoted prices easier The
boards London cable noted no change in
values there, but Liverpool, when received,
was Id lower. Domestic markets were all
lower.
Crop news was somewhat conflicting, many
private dispatches being very discouraging,
but on the contrary, the Farmers Review
had summary of the situation which was
Unexpectedly favorable, and the weather re-
ports indicated that the danger from the pre-
dicted cold wave was past. The committee
of the board which was sent to Washington
to oppose the anti-options bill returned this
morning and its members were inclined to
the opinion that the bill would probably be
passed by the house. This doubtless had
something to do with the weakness which
prevailed during most of the session. On
the whole operators were disinclined
to deal heavily on either side and the
result was an unusually small bust
ness, with fluctuations confined to a
rather narrow range. Cudahy was good
buyer of wheat at the start and Brosseau also
bought freely. Partridge was believed to be
covering somewhat on all the weak spots
but did not make much reduction in his line.
The New \ orkers were perhaps the best buy
ers for the first hour and picked up good
sailing thnrQ
was about all to be had that was wanted.
Longs let go Of good deal and there was
some short sales. The export movement was
not very encouraging, New York having
cleared but 1O6,0 600 Blu and other points hardly
any. Bradstreet's reported the clearances of
wheat and flour from both coasts last week
at 4,043,OOO bu, against 3,641.00O blu the week
previous. After the noon hour there was
some show of strength for time, but late
cables quoted Paris lower and Berlin 3l2
marks off, though Antwerp was shade
higher. This checked the advance and prices
receded again. May opened at 93ss@93l2c
against 94lSc at the close yesterday, sold up
to 937s@94c. declined to 93ssc, advanced to
94c, receded to 93s8c. reacted to 94Isc. weak
ened and closed steady at 9312c.
Corn was quiet and easy, the receipts were
liberal and there was rather free selling by
longs, with but little demand. The dullness
in trade, with the weakness in wheat and
provisions, caused corresponding weakness
in corn. May Ac lower, fuctuated all day
within range of 4c and closed 3sc lower
than yesterday at 41s4c. Oats were quiet and
weak and show loss of 1sc.
Hog products were dull and easy; more be-
cause trade was duh and the other pits
weak. The receipts of live hogs at the yards
were smaller than expected and prices there
were firm. Pork closed with loss of 7l2c
on the active option, with lard and ribs
showing insignificant changes.
Estimated receipts for Monday: Wheat
11O cars; corn. $50 cars; oats, 313 cars; hogs
$4,000.
The leading futures range as follows