St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-20
TOO LARGE 4 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
clined to steadiness today. helped by
better cables ana a liberal decrease in
the world visible, but heavy Northwest
ern receipts encouraged sellers, May
closing &c lower. May corn lost 14c,
MAY oats &c, 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, AID 22l cars on the
corresponding day OF the year before.
That caused the market TO open rather
weak and al about sc under the pre-
vous 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 Gefore. That, in a
very short time, more than counterDal-
anced the heavy Northwestern receipts.
and being followed by the figures of the
Atlantic clearamces for tWenty-four
hours, which proved to be heavy, the
easy opening was succeeded i'll about.
ten minutes by period Of quite bulllsh
activity, during which May advanced
from 5215c to Sc 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 hand at II o'clock the
price of May wheat was 5255c bid, and,
although there was squirt OF activity
following the announcement and al
though the report was bGllish, the price
only gained sc. to Immediately lose it
again. The statement showed Il total
decrease in tie worlds visible OF
2.SS0,O00 bu. 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
mere began 10 improve again, however,
and about half an hour from the close
there were buyers at 5224c. At the adj
vance there was more selling, and May
closed at 52l5c.
Tho corn market was moved about III
line with the fluctuations i'll wheat. The
range was not vice one, Eut tie mar
ket made uD for tie narrOWheSS OF Its
range by going over 1t several times.
Partridge was supposed 20 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, 600
Du, compared with G550C0 bu year
ago. May opened today at 4l@5c and
dropped down to 4435@A15c for an in
stant before improving upon the start
ing price. 1t rose to 44&4M4416c at the
lme OF tho early bulge III wheat,
and subsequently, rose and fell
number Of times between 44l3c and
4455@44&c, closing at 1890.
Oats experienced a quiet session.
Fluctuations were narrow and inilu
emced almost entirely by cora. May
started at .9c, sold up TO 29I5c and later
declined to 2SIsc, at which price it
closed.
The provision market was quite firm
as long as the packers refrained 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 1900 under the estimated number
was probably the cause Of the early
slight advance. After an advance OF
nc, pork closed up with loss OF &c
compared with The closing price Of the
day before. Lard closed without change,
ana ribs at q lc decline.
Estimated cars fer Wednesday {:
Wheat, II; corn, 155; oats, $50; hogs,
$1,000.
The leading futures ranged as follows: