St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-15
STRENGTH IN CORN
STAYED the Decline in Other
Cereals and Held Mar
kets Firm.
SHIPMENTS WERE LIBERAL,
But Trading Comparatively
Light--Provision3 Show
a Loss.
STOCK MARKET WAS DULL.
Stagnaney the Principal Fea-
ture Of Speculation
Prices Firm.
STOCK MARKET WAS DULL.

CHICAGO, Feb. 1$.-Wheat started
weak, but strength in corn stayed the
decline and May closed sc higher. May
corn closed &c higher and May oats
We're unchanged Provisions finished at
moderate declines.
May wheat opened from sc TO &c
lower than it closed yesterday. 1t una
duIated between 5315c bid and 53}8c
sellers during the greater part of the
forenoon, having more than recovered
the initial loss. Business was very
light.
Corn was strong all the forenoon, and
that was the principal support received
by wheat. The primary market receipts
amounted to 15l.000 bu, compared with
only $4,000 bu week ago and 265, coo bu
last year. The shipments OF flour from
primary Western markets are liberal,
and, added to the wheat shipments,
largely exceed the receipts Of wheat.
Exports from the Atlantic seabOard
consisted of 49,, 900 bu of wheat and
$4,000 bu iii the shape of flour. Mail
advices referring TO the recent severely
cold weather in Europe express fear for
the condition of the winter wheat crop
in Europe and Southern Russia, which
it was said, had 10 snow protection.
The firmnesS III corn continued to help
prices, and May closed at 5315c.
Corn was weak at the moment Of
opening, but soon recovered from that
feeling and became strong. The Offer
ings of carloads in the cash market were
readily absorbed at an advance CORE
spending 20 the advance which took
place IN the May future. Elevator men
were, however. the only buyers. They
were paying from $50 to &c under the
May price, according 10 location, for
No. yellow to 20 to store, and Offering
cargo lots in store al 413c under. The
inspection into store OF 302 ears since
yesterday morning was the cause OF the
opening weakness. and the subsequent
strength was said 10 be due TO buying
arderS from ST. Louis; t0mOrrow'S re-
ceipts being estimated at 2l0 ears, Or 50
less than were received today. also
helped the advance. May opened at
from 4434c to 1890, as against aye at
the close yesterday, but il soon TecoV-
cred, and iii about twenty minutes had
risen to 454c. 1t touched $500
4535c, reacted 20 45Br, rose to 4515c,
and closed at 45l5c. The feeling iii oats
was frmer, and prices were, during the
greater part of the session, some high
er. \ generally good business was
transacted. The upward tendency OF
the market was caused partly by the
strength in corn, yet good buying on
the part of HE shorts was also infu-
entail in creating higher prices. May
started at @Sj8@29c, sold up TO 29$5c,
back to 29lsc. and closed with that price
bid.
Provisions were weak and lower
Heavy hog receipts, lower prices at the
yards and selling by packers caused the
easiuess. The strength il the grain
markets helped prices to some extent
and prevented marked declines. Nav
pork closed Zoe, May lard 215c and May
ribs DC lower.
Estimated receipts for today: Wheat.
2 cars; oats, $50 ears; corn, 2lO cars;
hogs, 81 0O0.
The leading futures ranged as follows: