St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-24
CLOSED At A LOSS.
Wheat Weak on Prospects of
Slight Decrease in the
Visible.
ALL GRAINS SUFFERED,
Though Foreign Adviees
We're 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 in the end
prices suffered. Compared with the
closing rates of Thursday, wheat is &c
lower. corn &c lower, oats lost 70 and
provisions barely held their own. The
weakest feature on wheat was the
prospective failure of the visible to de-
crease largely Mondgy.
Wheat opened easy at from sc to &c
below the price it closed on Thursday.
The cables were steady, the receipts in
fhe Northwest no heavier than had
iDeen expected, and nothing else which
might be calculated to GAUGE weakness
was made public at the opening or had
occurred since the close OH Thursday.
New York placed selling orders i'll the
hands Of half a dozen commission
houses here for execution at the OPEN
ing. The placing OF these orders caused
:he May price to open at 53c for the
most part, with few sales at $3.50,
AS compared with 531lc at the close on
Thursday. In New York and ST.
Louis. on the contrary, prices showed
15c improvement Mt the opening. The
tendency here during the first hour
nfter the opening was toward the plcl-
ing up of the &c dropped at the start.
It was generally expected that the in
crease in the visible u ply Moad
would be less than l.000.G0O Uu. This
was prominent bear factor in the
trading. Receipts here were IS cars.
Minneapolis received SIS cars since
Thursday morning, and Duluth re
ported Us for one day. Atlantic port
clearances since Thursday were eqI al
to $4,000 bu in wheat and flour. Pr
mary market receipts were $4,000 hu.
AdYices from the seaboard were 10 the
effect that there were Cd many il =
quiries from abroad for wheat for ship
ment, and some orders were received in
this market for export 10 Liverpool.
The market here had very narrt W
range, 521S 052c being the under ed
Of it and 5314c the upper, with the low r
price ruling at the close.
The corn market was rather easy at
the start and decidedly weak toward t. e
end. The concluding weakness was dl
20 the estimated receipt or 600 cars for
Monday. The primary market receipts
the corresponding day last year. The
opening price for May was from Age
TO 45c, with the higher of those the most
general trading price. There was some
buying by local scalpers when wheat
made its temporary &c advance, but the
estimated receipts for Monday were too
heavy for any hope Of Immediate I'M
prOvemenJ and early buyers made Wig
urous attempts to get rid of their pur-
chases. After rising 10 4514c the ensu-
ing decline took the price down 10 Az
4425c, which was The closing quotation.
For n Saturday the oats market was
fairly active. Prices closed a shade un-
der the last quotations on Thursday in
sympathy with corn, but, notWlthstand-
fng 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 291lc, sold to 291ac,
up to 1880, down to zoe, and rested at
29@2915c.
Provisions, helped by light hog r9-
ceiptS, opened firm at an advance of Toe
for pork, DC for lard, and from ull-
changed to 213c higher for ribs. The
tendency was slightly downward for
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 21lc higher.
Estimated receipts for Monday:
Wheat. As cars; corn, $40; oats, $50;
hogs, 10000 head.
The leading futures ranged as follows: