St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-22
FIRMNESS IN WHEAT.
Fractional Gain Shown as the
Result OF the Days
Trading.
FALLING OFF IN RECE. PTS
And Favorable Cable News
Caused the Rise--Pro-
visions Weak.
IT WAS DULL IN STOCKS.
Volume OF Business Light and
Fluctuations Merely
Fractional.
1T WAS DULL IN STOCKS.

CHICAGO, Feb. 2l.-Wheat was gen.
orally firm today on encouraging for
eign news and made &c gain carly, but
realizing at the advance resulted in a
reaction which left May but Sc higher
at the finish. May corn gained &c,
May oats closed unchanged and pro-
visions finished at slight declines
Wheat had lost some of the bearish
spirit with which it closed Yesterday
when trading commenced. The reports
! circulated yesterday with reference to
frost damage to the French crop were
generally contradicted. The foreign
markets were, however, firm. and while
the seaboard said that they had received
no aceeptances of yesterdays cabled
offers, the adviceS from there were that
bids were close to the market and the
tone of tine foreign advieeS generally
strong The Northwestern receipts
were not so conspicuouSly heavy as. on
the two preceding days. The market
ruled firm at The slight decline which
occurred at the opening, and worked
itself UP by very slow degrees from the
time of opening until noon, when
May had reached $500. St. Louis
kept sending bulllSh messages, and New
York also appeared struck with desire
TO buy. A st. Louis message received
about noon said that the sender Of it
sold today 90 1000 bu Of wheat to 90 to
millers in Tennessee, and had inquiries
for another lot of 10000 bu, which he
expected to sell before the day was out.
A New York message had the follow
ing: "a Liverpool house here, for
whom we bought wheat this morning,
tells Us that these orders were given
owing TO crop damage in France" and
the fact that cables quoted 8 cent!meS
advance in February flour and Is GEN.
times rise in March wheat, while Berlin
was quoted mark higher, gave APP
parent confirmation of uneaSineSS over
there. Those later items caused the adj
vance to 535Sc. The taking of profits
after the advance referred to was TOO
general to permit Of the price being
maintained. and although Il suspicion
became very general toward the end
that underneath the smoke of the
French crop damage some fire existed,
still enough wheat was sold to cause
reaction 10 53@53Bc, with 53Lc the
latest trading price.
The local feeling on corn was DullISh
all forenoon, and it took precedence OF
wheat in the advance which occurred.
1t opened easy and Is below the clos
ing figures of the previous afternoon,
but soon changed all that and became
decidedly strong. May opened at Al &c.
and about noon was in brisk demand for
a moment or two al 4513c. There was
extensive realizing at the considerable
advance, and about nalf an hour from
the close the bull feeling was appar-
emily ooZing out. At the close there
were sellers Of May at 45c. The early
strength, it was remarked, was due more
10 the smallnpss Of the offerings Than to
the extent Of the demand.
A very active session was passed in
the CATS market. During the early part
of tie day shorts were buyers and
helped the advance. Fluctuations were
principally governed by corn. May
started &c under yesterdays last price
at 29c. sold UP 10 %915c, back to 1890,
up to 2915 @2958c. and, weakening again,
rested at 29B@294c.
Provisions started weak on the very
heavy hog receipts. The upward course
Of the grain market caused reaction in
the middle of the session, but the re-
ceiptS proved too heavy Il load TO admit
of Il firm market, and the close was at
declines. May pork and lard each
closed sc lower, and May ribs PIC
lower.
Estimated receipts tomorrow: Wheat,
23 cars: corn, 2l5 cars; oats, 100 ears:
hogs, 5000 head.
The leading futures ranged as follows: