St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-09
DECLINES ONLY FRACTIONAL
Favorable News From Abroad
Holding Prices Up--Pro-
visions Weak.
DEPRESSING FOR STOCKS.
Bears Encouraged in Their
Demonstrations Against
the Market.

CHICAGO, Feb. S.-Wheat made &c
gain early OH favorable foreign ne ws.
but lost it later under rea4i ling on the
unfavorable comment upon the bon d is.
sue, closing sc lower for May. May
corn closed &c lover, May oats SO
lower and provisions at declines.
Wheat opened UNEXPECTEDLY strong
at 54@541sc for May. compared with
53@sc at the close yesterday. The firm
ness was caused by the strength of the
Liverpool market, which had been
looked for to give its usual sympat thy
to the bears here. But the Europe ans
are now experiencing a taste of the
same temperature which has been
freezing this country and more or less
damaging to winter wheat, which may
be the consequence over there. The rec
ord Of small receipts i'll this country was
maintained. Exports of wheat and
flour from the Atlantic seaboard were
equal to 10000 Du. st. Louis reported
revival of the country milin z
demand for wheat and at Kansas City
dispatches reported fields bare OF snow
at Enterprise, Kan. The seaboard ad
viscd good demand for wheat for X
port at Baltimore, message reporting
twenty-five b0atlOadS taken there and
a, Newport News at an early period of
the day. The reported placing of s62,-
AZ. 800 ponds at 81 per cent by the sec
rotary of the treasury did not appear to
give satisfaction to the traders i'll the
wheat pit. as they followed the an
nouncement of that operation by in
creasing their settings. The price for
May had up to that time preserved it,
self from getting below sac, and it sold
as high as 544(0545sc, but after the
news OF the bond issue it dropped TO
$3.50, where it closed.
The corn market opened firm and &c
higher than it closed yesterday. 1t
kept advancing during the forenoon un-
til about the time when wheat traders
were expressing their disappointment
at the bond issue. The descent from
1870 to 45Ltc was easy. and the value of
the article about half an hour from the
close was 1890 Receipts were almost
nominal, the inspection being only SO
cars. The demand from shorts dlSap-
peared during the latter part of the seS-
sion, and May closed at 45c.
Only fair business was transacted in
oats. Values were frmer during the
entire day and closed steady, May at
2918 @291lc, after having sold from 2919c
10 that price. Fluctuations were ruled
largely by corn.
Provisions started strong and in line
with the grain markets, but long before
the latter gave any signs of weakness
the dealers in pork, lard and ribs had
turned around from the bull to Inc bear
side. The packers were given the
credit of starting the selling which
changed the tone of the marker. The
impression seems to be that as soon as
the weather moderates the run of hogs
will be heavy. May pork opened up
Sc, but closed at 2215c less for the day.
Lard for May closed at 500, as against
S6.7715 yesterday. Ribs, which closed
at IS 40 on the day before, closed at
$3.50. EST mated receipts for tomorrow:
Wheat, 3 cars; corn, 80; oats, Is; hogs,
Il, eco head.
The leading futures ranged as follows:
tirh