St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-11

41O w as thO va
rowest on Record, and Specu-
Iation Exceedingly Dull-st.
Paul and Manitoba Stock
Dropped 4 Sd Per Cent-Very
Little Movement in Changers.
60c today. new low-price record, and
closed with loss of "a at 6O3sc. After
steady opening on the. cold weather
and larger exports, a loss of 1c was
caused by free liquidation and pressure
to sell. A reaction of &c ensued on
covering by shorts, followed by a de-
cline at the close ON more selling. May
corn closed &c lower; May oats nc
lower, and provisions with but little
change.
Wheat started higher, with May &c
up to 6OYc. The cold weather gave the
bulls some encouragement, as did also
the larger export clearances, and they
soon had May up to Gle. Renewed
pressure to sell, presumably On account
Of the expectation that the next visible
supply statement will show an Increase,
started decline, however, aud May
went down with rush, landing at Coo.
The market seems TO have acquired the
habit of making new low-price records,
and the astonishing price created
but little excitement and no panlcky in,
dications followed. 1t had been eX-
pected that decline to 60c would de-
velop another demoraliZing bunch of
stOprloSS orders, but the orders did not
materialiZe. This somewhat alarmed
the shorts" and they proceeded to
cover, with the result that May reacted
~ and held steady for time at 60$Ic.
Northwestern receipts were again, how
ever, numbered among the bearish
influences, Minneapolis and Duluth re-
porting total of 4O6 cars, compared
with 176 on the corresponding day last
year. Liverpool advices also were
rather beariSh, and as the session neared
its close the selling again became free
and the firmer feeling wore away, tax
ing with it g for May and that month
closed but g above the days bottom fig
ureS. May opened at 601c. advanced &c.
lost 1c, reacted &c and declined &c to
close at 6036c.
Corn was quiet most of the session,
but an uneasy, unsettled feeling per-
meated the market. Price changes
were governed largely by the action of
wheat, and the decline today was due
entirely to the action of that cereal.
Opening trades showed a fractional
loss, but that was soon recovered when
offerings again increased and prices
sagged down 4@3sc, rallied 8@4c,
declined 4@36c, and closed with May
but &c above the days bottom figures.
Oats were easier, in sympathy with
wheat and on moderate selling by
''longs." Prices receded &c and closed
easy after opening unchanged. There
was moderate buying early, but later
buyers appeared to have been filled up
and May finished at the bottom.
Provisions opened strong and higher
on estimated light receipts of live hogs
for next week and good bidding. prices
advancing moderately. The offerings
of all kinds of products were very light,
and the trading cores pondingly so.
There was an effort on the part of some
OF the local operators to advance values,
but the continued weakness in wheat
had the contrary effect. Some support
was given to the market by two or three
leading packing institutions. prices ad-
vancing for time with only slight re-
actions. The improvement in wheat
from tine lowest price on record ALSO
contributed to the strength in this mar
ket. Later on it declined to nearly the
inside prices of the day on increased Of
ferings and the withdrawal OF the preyi-
GUS support with the closing weak most
of the early advance being lost. Com
pared with last night May pork is SC
higher. May lard 215c lower and MayS
ribs unchanged.
Estimated receipts for Monday:
Wheat. rs cars corn, 600 cars: oats, 2OS
cars; hogs, $4,000.
No session of the board Of trade on
Monday. Legal holiday in Illinois.
Birthday Of Abraham Lincoln.
The leading futures ranged as follows: