St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-25
MAY Went DOWN ONE CENT
FREE SELLING AND LIBERAL NORTH
WEST RECEIPTS RESPONSIBLE.
STOCK SPECULATION DULL.

Sugar Went Up 2 5-S on Reports
From Washington That n Duty
Would re Imposed - Whisky
Broke 3 IA Per Cent on Heavy
Selling From Chicago-A Tum
BILE in Lackawanna.
CHICAGO. Feb. pa Wheat again de-
clined today and May closed with lc
loss. Free selling, small export clear
anceS, the mild weather and liberal re-
ceiptS in the Northwest were RESPONSE
BILE for the weakness. A little buying
caused temporary reaction, but May
closed only sc from the inside figures.
May corr closed sc lower, May oats sc
lower. and provisions lower all around.
Wheat opened weak aud with greatly
diminished activity, as compared with
the big business of the previous day.
The starting price was at a decline of
from Is to sc, the first transactions
being at from 603sc TO 6015c. as compared
with 6l@6l &c at the end of yesterdays
markets. During the first hour and a
half,Which comprised the larger half of
the short session, the range for May
was inside of the limits of 60l4@60Ssc
and 603Sc. Some long wheat was SOLD
out ana some short wheat covered. but
there was not business enough to Sug-
geSt that any change occurred in any
important lines on either side of the
market. The more conservative of the
bulls recognize the necessity of pa
thence. but there IS more radical ele
IL Inla
would be diSheartened by an advance
of less than from 1c TO &c per bUShel
per day continuously and indefinitely,
and are correSpondingly ready TO take
a Responding view OF their prospects
on any intermediate concentrating
during the bull campaign. Those latter
were sellers of long wheat this after
noon.
The cables were not suggestive of
more than very lukewarm sympathy
with the last TWO DAYS advance here.
The weather was mild with warm
wave in view. Liverpool was quoted
firm at the opening, but closing easier.
BradStreetS gave the exports of wheat
and flour from both coasts for the week
at 1,730, 500 bu, compared with zoos. 600
bu last week, and 2,596, SIS bu on the
corresponding week OF the proceeding
year. Minneapolis received 149 cars of
wheat and Duluth 1872 cars as against
253 and 5 cars respectively year ago.
Chicago receipts were only ~ cars as
against 226 cars last year. New York
expects Il decrease in stocks OF wheat
there of 100000 bushels, Mime
apolis of $4,000 bushels and
st. Louis a decrease OF 225, 600
bushels. The general expectation
as regards the total in the visible is that
II will show decrease of 1,50G,00O Du.
Comparing the difference in the relative
receipts this week and year ago, the
decrease should amount To something
over 100000 bu. New York sent bear
iSh dispatches. but reported export pur-
chases of twenty-three boat loads. The
market weakened i'll the last hour of
the session. May declined TO 60c, re-
covered to 6OaSc on a little buying, but
was down again to 5O@6015c at the
close.
Corn was dull, the market ruling
quiet and Stagnant the entire session,
prices Keeping within fractional limits.
An easier feeling prevailed, the market
opening Oft sc and sold down &c more,
all of which was due to tbs action of
wheat. At the decline the prices held
steady and the market closed with May
at the days bottom ngureS.
and an easier feeling, due to sympathy
with wheat and corn and OH prospects
Of an increased demand. Prices re-
ceded &c and the market closed quiet
at the inside.
Provisions were weak and lower early
On the business in live hogs at the yards,
liberal receipts all over the country, the
decline in wheat and free selling of
pork by prominent broker and lard by
leading packing institution. The
volume of trading was very light, with
no outside support. A moderate re-
action i'll wheat little later OH was re-
SponSlble for the market improving to
the opening prices of the day. When
wheat broke his morning it declined in
sympathy 10 below the inside prices of
the day and then rallied to a partial ex-
tent shortly before the end of the SEES
sion on little Luying. The market was
all extremely harrow and featurelesS
One, with pork and ribs closing steady
and lard firm.
Compared with last night, May pork
Is 773c lower, May lard sc lower and
May ribs sc lower.
Estimated Receipts for Monday -
Wheat, ~ cars: corn, 400 cars; oats, 155
cars; hogs. $4,000.
10 laaHirU ft,.,