St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-25
CLOSED At 4 LOSS.
Wheat Weak on Prospects CT
Slight Decrease in the
Visible.
ALL GRAINS SUFFERED,
Though Foreign Advices
Were Firm and Receipts
Only Fair.
STOCKS BUT FAIRLY ACTIVE,
Closing Figures Being as a
Rule at a Slight De-
crease.

Chicago, Feb. 23.-Trade on change
generally was dull today, and i'll the end
prices suffered. Compared with the
closing rates of Thursday, wheat is 14c
lower, corn &c lower, oats lost 70 ana
provisions barely held their own. The
weakest feature on wheat was the
prospective failure of the visible TO de-
crease largely Monday.
Wheat opened easy at. from sc to &c
below the price it closed on Thursday.
The cables were steady, the receipts III
the Northwest no heavier than had
been expected, and nothing else which
might be calculated to cauae weakness
was made public at the opening or had
occurred since the close on Thursday.
New York placed selling orders III the
hands of half dozen commission
houses here for execution at the open~
ing, The placing OF these orders caused
the May price to open at 53c lor the
most part, with a few sales at 5348r,
as compared with $50 at the close on
Thursday. In New York ana 81.
Louis, on the contrary, prices showed
16c improvement at the opening. The
tendency here during the first hour
after the opening was toward The PICK
ing up Of the &c dropped at the start.
1t was generally expected that the in
crease in the visible u ply Nondi y
would be less than LOCO, GOO Du. TINS
was a prominent bear factor in the
trading. Receipts here were Is cars.
al ,rDI
Thursday morning, and Duluth re-
ported 175 for one day. Atlantic port
clearances since Thursday were equal
10 800 goo bu in wheat and flour. Pri
mary market receipts were 432 coo bu.
Advices from the seabOard were to the
effect that there were good many in
QuirieS from abroad for wheat fer ship
ment, and some orders were received in
this market for export to Liverpool.
The market here had very narrow
range, 52710Q52c being the under edge
of it and 531f Z the upper, with the lower
price ruling at the close.
The corn market was rather easy at
the start and decidedly weak toward the
end. The concluding weakness was due
to the estimated receipt or 600 cars for
Monday. The primary market receipts
were 544, 900 bu, against 475,COO bu on
the corresponding day last year. The
opening price for May was from 441ac
TO 45c, with the higher Of those the most
general trading price. There was some
buying by local scalper5 when wheat
made its temporary &c advance. but the
estimated receipts for Monday were too
heavy for any hope Of Immediate i'm
prUVemenI and early buyers made Wig
yous attempts 10 get rid of rheir pur-
cnaseS. After rising TO 1870 the ensu-
ing decline took the price down 10 Az
1920, which was !he closing quotation.
For Saturday the oats market was
fairly active. lIices closed a shade un-
der the last quotations Oh Thursday in
sympathy with corn, but, n0tWithstand-
ing this. the market was relatively firm.
Higher prices were paid early, and only
at the end did any sign OF decline oc-
cur May started at 2014c, sold to 2916c,
up to 1880, down to zoe, and rested at
29@2918c.
Provisions. helped by light hog 70
Ceipts, opened firm at an advance OF 10C
for pork, Sc for lard, and from un-
changed to &c higher for ribs. The
tendency was slightly downward for a
short time, and then the feeling became
steady, with more indications of im-
proving than Of selling lower, until the
corn market became so radically weak.
The drop Of &c in corn had depreSs-
ing effect, and The early gain was lost,
May pork and ribs closing unchanged,
and May lard 215c higher.
Estimated receipts for Monday:
Wheat, As cars; corn, G40: oats, $50;
hogs, 10000 head.
The leading futures ranged as follows:
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