St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-01
Bullish Reports From North
west Failed to Strength
en- Wheat.
DECLINES ALL FRACTIONAL,
Caused by Weakness Abroad
provisions Show Slight
Gains.
hORE ACTIVE IN STOCKS,
Gut With the Market Heavy
And Prices Droop-
ing.
fIoRE ACTIVE In STOCKS,

CHICAGO. Feb. 2S.-Wheat struggled
drearily today in all attempt TO score an
advance, but, despite the fact that much
Of the news was bullIsh. weakness at
Liverpool oyershadowed other iEtlu-
ences, and MAY closed &c lower. May
corn closed &c lower, and May oats &c
lower, but provisions made slight gains.
Wheat at the opening did not appear
TO be wanted badly, although the Gin
cinnati Price Current was bullish, and
much of the foreign news encouraging.
Liverpool was, however, weak, and the
local crowd seemed determined to fol-
low the English prices. The receipts of
wheat at Minneapolis were $50 cars and
at Duluth 10. or 800 altogether. COM
pared with $50 week ago. and 264 on
the corresponding day of the year be-
fore. Primary market receipts alto
gether amounted 10 29l, COO bu. The eX-
port clearances of wheat and -four from
the four principal Atlantic ports
amounted 10 $500 bu. The Liverpool
market closed at 34d to $ld decline in
futures, but at Paris the short sellers of
flour for February were evidently hav-
ing bad time. that delivery being
quoted marks higher. Wheat there
was quoted 10 centimes higher for
March, and ) centimes lower for May
August. Berlin quoted d mark advance
in wheat. Here the price of May opened
at 53Tc, with some sales at 53$4(653Ec.
1t rose to 81 &c. sold down again 10 535sc,
and, after ruling between that and
54asc for time, it dropped 10 $3.50
$500, and was steady at 53$IG1531sc
about twenty minutes from The close.
A threatened cold wave restrained
many who were otherwise inclined to
press sales near the end, and May
closed at $3.50.
Corn had very little support from
local dealers and not much from out,
slice. There was no pressing desire
from any quarter TO do business, and
consequently trade ruled dull. The
fluctuations were confined 10 a narrow
range, the highest for Nav being 451@
4556c and the lowest 4436c. the latter
ruling at the close. The opening trades
were at 45@451sc, as against 4535c at
the close OH the previous afternoon
Receipts were 247 cars. or AZ more than
had been estimated, and $50 are the
estimates Tor tomorrow. Both today's
IecelplS anu loihOrI0W'S estimate were
bearish. The provision market was
firm. due for the most part, 1t was said,
to the covering of shorts by the Cudahy
Packing company and some others. The
concern referred TO was credited with
buying LOCO, lbs of ribs and between
3. 500 ard 5000 bbls of pork. Sam Wolf
and the scalpers generally were credited
with buying early in the day and selling
again on the advance. May pork closed
at Sl0.25, or Zoe advance. Lard and
ribs each closed with an advance for
the day Of DC. later selling 3Xc higher.
Receipts estimated, cars: Wheat, 6;
corn, 800; oats, $50. Hogs, $4,000.
4 very dull session was passed in the
OATS market. Fluctuations were ruled
entirely by corn. May started at 2935c,
sold up 10 2915c, down to 2914c, and was
offered at that price at the end.
The leading futures ranged as follows: