St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-07

the List.
CHICAGO, Feb. 6.-Wheat closed to-
day 1c lower than yesterday, and made
a new low-price record for May at 629sc.
Weaker cables, large Northwestern re
ceipts, small clearanceS, mild weather
and free liquidation were responsible
for the decline. Corn went down with
wheat, and closed &c lower for May,
also making a new low-priee record.
May oats closed sc lower, May pork
lost SOC, May lard 15c, and May ribs
2215e.
Wheat started weak with loss of &c
for May at 6314c. The days news was
hearsh, and the bulls had apparently
sought cover. The foreign markets
were weak and lower. The Northwest
ern receipts were. heavy. Minneapolis
and Duluth reported 33S cars, compared
with 9S in the corresponding day last
year. The weather was mild, with
nothing particularly chilly in sight.
The London Mark Lane Express said
that the English wheats were generally
Sd per quarter equal to &c per bu)
lower, anu that there was no de-
mand for foreign wheat. The clear
ances Of wheat and flour from the four
principal Atlantic ports were only $780,
900 bu. The decline was attended by
few reactions. Capt. Phillips.and Pard-
ridge bought OH the first decline. but
when their wants were supplied prices
went down again. P. ID. Armour's
principal brokers were one of the con-
SDicuOus sellers and there was free
liquidation. The closing cables gave
evidence of continued weakness in the
market across the pond, and May fin
ished easy and tir d only sc above the
bottom, having ornamented itself with
new low price record at 62}sc. May
opened at 63lc and with slight fiuctua-
tons declined sc and reacted &c to
at close 6254c.
Corn made a new record today, May
selling down to ST@3776c and July 37S
(63Sc, which figures are the lowest since
life of these futures. The market was
weak, the continued fine weather, lib
eral receipts and action OF wheat all
eXerting a depressing influence. Re
ceipts, while not up to the estimate,
were very free and tomOrrOw'S predic-
tionS liberal. Cables were weak and
lower, and outside markets were all
easier. Opening trades were al Trac-
tonal loss and under moderate offer
ings and lack Of support sold down $50
&c more. rallied q tritle ami closed Win
May but sc from the bottom figures Of
the day.
In oats there was fair trade and an
easier feeling, but, considering the
weakness in other grains. oats held up
well. Prices only declined BGQAc, and
closed Is above the bottom. The de-
crease OF stocks of contract oats in store
aided i'll maintaining prices, and there
was little disposition 10 sell.
Provisions opened easy and slightly
lower for pork and ribs on decline in
prices for live hogs at the yards, not
withstahdiDg lighter run than antiei-
pated. A prominent commission house
then offered the product freely, par
.icu!arly pork. which resulted i'll a
further decline, lard and ribs respond
ing. Tie volume of trading was
light i'll the absence of any
support. The break i'll wheat
and corn also contributed to the weak
ness. The decline continued with the
packers selling and with nothing to
sustain the market, few orders COM
ing in TO sell. \ moderate reaction fol-
lowed on a little buying, and then the
market all went to pieces OH some top
selling orders coming out There was a
slight recovery just before the close.
with the feeling weak and with last
prices near the bottom. Compared with
last night May pork is sc lower, May
lard 15c lower and May ribs 2215c lower.
Estimated receipts for tomorrow
Wheat, 10 cars: corn, $50 cars; oats,
105 cars; hogs, $4,000 head.
The leading futures ranged as follows.