St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-20
TOO LARGE A RUSH.
Heavy Northwest Receipts
Knocked the Firmness
Out OF Grain.
FOREIGN MARKETS STEADY,
And q Liberal Decrease Is
Shown in the Visible
Supply.
STOCKS DECIDEDLY FIRM.
Higher Range OF Prices, With
a Good Buying Move
ment.
STOCKS DECIDEDLY FIRM.

CHICAGO. Feb. 19.-Wheat was in
cined to steadiness today, helped by
better cables and liberal decrease in
the world visible, but heavy Northwest
ern receipts encouraged sellers, May
closing &c lower. May corn lost &c,
MAY oats nc, and provisions finished at
moderate declines.
Minneapolis and Duluth reported re-
ceipts Of $50 cars of wheat, compared
with only 22S cars on the parallel day of
the previous week, and 22l cars on the
corresponding day Of the year before.
That caused the market to open rather
weak and at about sc under the pre-
vious days closing price. The foreign
markets were, however. quoted either
firm Or at least steady, and the weeks
shipments from the other exporting
countries of the world were lighter
than Oh the week before. That, in a
very short time, more than counterDal-
anced the heavy Northwestern receipts.
and being followed by the figures of the
Atlantic clearances for twenty-four
hours, which proved to be heavy, the
easy opening was succeeded i'll about
ten minutes by period of quite bullish
activity, during which May advanced
from 5215c to 53c in less than forty-fVe
minutes. Later, with Partridge selling,
the price worked off again to the level
of the opening rates.
When Bradstreet'S statement OF the
visible came 10 band at IL o'clock the
price of May wheat was 5238c bid, and,
although there was squirt OF activity
following the announcement and al
though the report was bGIlish, the price
only gained &c, TO Immediately lose it
again. The statement showed Il total
decrease in the worlds visible OF
2.SS0,00 Du. English and continental
markets closed from steady To firm. but
for time there was disposition 10 sell
on account of reports from the sea-
board that there was no demand what
ever from exporters today. The market
here began 10 improve again, however,
and about half an hour from the close
there were buyers at $3.50. At the ad-
vance there was more selling, and May
closed at $3.50.
The corn market was moved about in
line with the fluctuations III wheat. The
range was not Il vice one, But tie mar
ket made uD for the narr0WneSS OF its
range by going over it several times.
Partridge was supposed 10 be seller
on the hard spots. The days receipts
were liberal at AT cars, but only l55
cars are expected tomorrow. Export
clearances for the day were fair. Pri-
mary Western markets received 2S7,
bu, compared with G55 0U0 bu year
opO MAY CApnp1 tnu1V 4iD/c and
dropped down to 4435@4i19c for an in
stant before improving upon the start
ing price. 1t rose to 4434@4458c at the
9ime OF thu early bulge i'll wheat,
and subsequently, rose and fell a
number of times between 4412c and
4455@44&c, closing at 1920.
Oats experienced quiet session.
Fluctuations we're narrow and intlu-
enced almost entirely by corn. May
started at zoe, sold up 10 29l8c and later
declined to 2SI9c, at which price it
closed.
The provision market was quite firm
as long as the packers refralned from
pressing sales, but when they attempted
to unload a little, demand was not
there, and prices took an immediate
drop. Business dull. Hog receipts be-
ing 1000 under the estimated number
was probably the cause Of the early
slight advance. After AN advance of
nc, pork closed up with loss Of sc
compared with the closing price Of the
day before. Lard closed without change,
and ribs at 215c decline.
Estimated cars for Wednesday ::
Wheat, II; corn, 155; oats, $50; hogs,
$4,000.
rheleading futures ranged as follows: