St. Paul daily globe., 1893-02-17
WHEAT tanned DOWN
The Clique Made a Show of
Buying to Cover It's
Selling.
Corn Was Steady, Closing 1-8c
Higher Than on W Wednes-
day.
Lard Made It's Highest Price
Of the Season, but Fell
Back.
Stock Markets Active and r.
regular, but Feverish and
Weak.

CHICAGO, Feb. 16.-Wheat was tame
ebay after Yesterdays excitement. The
CLIQUE maze a show of buying. but tney
seemed to be shouting more than trad
ing. and the suspicion grew that it was
an attempt to bolster the market rather
than desire to increase holdings. The
cereal closed &c higher than or the day
before. Corn was steady and improved
&c. Lard made its highest price for
the season, selling at $l3 per 100 poun ds
but prices of provisions at the close
were without material change since yes
terday.
Bosden. Parker. Mills. Logan and
Counselman and Day were all taking
more or less wheat. PaTdrldge'S brok-
ers were also buyers, the pIunger being
evidently disposed TO gather Ill Profits.
The surroundings of the market were
bearish. Gables were lower, domestic
market easier, the receipts liberal, the
exports light. and the weather all over
the wheat belt mia and springlfke. he
Cincinnati Price Current said that there
was yet no evidence Of serious crop
damage, and there were reports from
Washington that the fight Oh the anti
option bill was about 10 be renewed.
and that its friends would try TO force
its immediate passage. The opening
was about &c lower, ruled firm, adYanc-
ing ltc, then eased off &c, t1uctuated
slightly, and then advanced &c Tor
MAY. and only 35C for July, ruled easier,
and the closing was about ~ higher Tor
May. and &c lower for July.
Corn opened with the trade appar-
entity nearly "even," the shorts having
covered on the free liquidation OF some
long lines yesterday. The cash market
was not especially promising, with eX-
port orders to bny usually below cur
rent quotations, and this had its i'll
tiuence Oh speculative trading, with
early transactions showing about &c
decline from yesterdays latest figures.
At the Inside quotations prominent
operator came i'll as large buyer, taxi
Ing perhaps 1,00O,C00 bu. and, with
offerings but moderate. prices soon re-
SpOnded, moving up tractionally. The
generally accepted statement that the
large New York n had been closed
out was Il weakening factor, however,
and no particular confidence was dis
played Oh The part of usual operators.
Oats were quiet and featureesS
The fancy prices madein hog products
today, partly the result of natural in
huence and partly due to the tactics of
the big local operators. Receipts of
hogs were under expectations at about
10000. and Cudahy brokers became free
buyers of ribs and pork. II was said
this was done to head off Singer and
Kent, who were thought to be trying to
cover their line. Other shorts were
forced to cover, aud the whole market
got good lift. The upturH Ill lard was
quite abrupt. Scattering shorts were
buyers on stop loss orders, but when
he shorts were supplied, and there was
little support from any source, prices
cropped back.
Estimated receipts for tomorrow:
wheat, 10 cars; corn, 2S0 cars; oats, 135
cars; hogs, II, 900 head.
The leading futures ranged as follows: