St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-19

CHICAGO, Feb. 11.-Wneat was gen
orally firm today and closed with a &c
gain for May at 59c. Covering by
shorts, less pressure to sell, smaller
receipts and better cables were RESPONSE
bic for the better feeling. May corn
closed sc higher, May cats &c higher
and provisions slightly higher all
around.
The wheat market opened without
animation and apparently with few or
ders in the market. May during Tie
first half hour sold off from $50 10 5s9sc
and up 10 SOC. The volume OF trade
was much higher than fer week past,
suggesting that anxious holders had
been Quieted and aggressive short sell
erS satisfied Tor the time. The early
market news was not all of one charac-
ter; both bulls and bears could pick
from 1t some palatable morsel.
The receipts for the day and
the cables were fairly satisfac-
tory to the bulls. The weeks
shipments anu dizziness Of business gave
comfort 10 the bears. New York re-
ported that foreigners were fair buyers
Of wheat there early in the day The
amounted iii wheat and flour together
to 10000 bushels. the highest for any
week since January, 81. The prices
reached 597Sc for May before it met with
a reverse. At the price named, how
ever, there was more for sale than was
wanted and it SaggeI to 5S3sc before it
again met with a surplus Of buying
orders. Exports were mere liberal than
for several days and to that was
ascribed rally which succeeded the
reaction and which again carried the
price up to 5016c. Near the close 5911c
was reached for moment. and that
was followed by a reaction OF &c. SOC
being the trading price as the market
closed. with May 4 from the top. May
opened unchanged at 5S$4, declined &c,
advanced sc, then &c. declined &c,
advanced p c and reac. ed Il to close at
59c
In corn a mOderat business was
transacted the most of which was be-
tween room traders, fluctuations for the
day covering 4035c range The feel
ing displayed WIS steady, and no essen
Ilal changes occurred in values. The
opening was rifle above the opening
or yesterday, and alter selling off &c,
rallied 4@$sc, influenced by The up
turn Iii wheat at the time. Later the
price receded little Oh the car lots Tor
Monday coming fairly liberal al $40 cars.
and wheat easing off caused corn to
sympathiZe. The price held steady,
however. and closed with May but &c
from the days top figures.
There was a light trade and stronger
feeling III oats due to fair buying by
heavy traders, ana to The light offerings.
Prices advanced 1s@14c, and closed at
the top. HE receipts were only "a cars,
which aided i'll tirming UP the market.
The receipts OF live hogs at The yards
were again below the estimates and
prices were slightly higher for them.
AS result provisions opened steady,
about point above Yesterdays closing
figures, but eased off to moderate eX-
tent oil the offerings, which were light.
being III excess OF the buying, the local
crowd realizing. On the strength of
wheat the market frmed up again
and then declined on further realizing.
Later on the offerings became quite
scarce. and as 4 consequence the mar
ketS advanced to the outside prices of
the day, a very firm feeling prevailing
III response to the continued strength in
wheat. There was very little doing
during the last half OF The session. and
a strong feeling prevailed at the close,
with prices ut the days top figures
Compared with last night, May pork is
215c higher; May lard, 219c higher and
May ribs ne higher.
Estimated receipts for tomorrow:
Wheat, SO ears; corn, $50 cars; oats, l25
cars; hogs, $4,000.
The leading futures ranged as follows: