The herald., 1895-02-22
Damage to the French Wheat
Crop COntradicted
FOREIGN MARKETS VERY FIRM
A Bullish Feeling Pervades the Chicago
Corn Pit
Provisions Very Wenk-Eggs Again on the
Up Grade-Butter Drops Point
or Two-Quotations

CHICAGO, Feb. 21.-Wheat had lost some OF
the bearish spirit with which It closed yester-
day when trading recommended this morning.
The report circulated yesterday with reference
TO damage to the French crop was generally
contradicted. The foreign markets were firm.
The Northwest receipts were not so conspicu-
ously heavy as on the two preceding days
The marke. ruled firm at the slight decline
which occurred at the opening and worked its
way up very slowly from the time of the open
ing until noon, at which time May had reached
53'sc, st. Louis kent sending bullish mes
sages and New York also appeared struck
with the fact that cables quoted centmes
advance in February flour and 10 centmes in
March wheat, while Berlin was quoted mark
higher, which gave apparent continuation OF
uneasiness over there. Those latter items
caused an advance to 53ss9 The taking OF
profits after the advance referred to was too
general to permit of the price being main
tained and although suspicion became very
general toward the end that underneath the
smoke OF French crop damage some fire ex -
istcd still enough wheat was sold out to cause
reaction to 53@531sc. with 53l4c the latest
fading price.
The local feeling in corn was bullsh all the
forenoon and il took precedence of wheat in
the advance which occurred. 1t opened easy
and &c below yesterday. May opened at 443sc,
and at about - O'Clock was in brisk demand
for q moment or two at 54Mc. AT the close
there were sellers OF May at 45c.
\ very active session was passed in oats.
During the early part of the day shorts were
buying and helped the advances. Fluctuations
we're principally governed by corn May
started at 29c sold up to 29I5c, back to 293sc,
up to 29>s@293sc, and weakened again, closing
at 29l s@29l4c.
Provisions started weak on the very heavy
hog receipts. The close was at drop, May
pork and lard each closed &c lower and May
ribs q &c lower.
The leading futures closed as follows
Wheat No .
February y............x........,.... 50ls
May ..........'....''..-
JuiV.... ........'.s. O4'<
Corn No. q
February. ..... ...........,......43
May .........."............:.. .'.'.4 .44al55s94o
July y.......,...,....... 49,. '.'.''4o9s
Oats No. .
February ...........'. .....'....... 23}}s
May ......... -ots o,1S,,A
July. y................ .......s..Eo VV@ots
Cash quotations were as follows:
Flour Steady; Winter patents, So. 2592.60
straights, 81 o0l91 so; spring patents, 5000
3.pu: straights. $2.o0@27o; bakers extras,
$I.7h0D2I0
Wheat--No Q spring. 53I<G57l4c No. 8
spring, nominal; No. 2 red, 5O1stg51I4c.
Corn--No. =, 45c
Uats-No ,, 2sylc; No. white, 31ts93214c; ;
No. white, 30l2G3l$4c
Rye-No :, o2lac.
Barley yNo. :, 81; No. 3, 51@541l; No.
4, SIC.
Flax seed-No, !, $l.40.
Timothy seed Prime, $5.7565.sO.
Mess pork Per bbl.. $l00UGl0l5 Is.
ard-rer 100 lbs. So .3!la.
Short ribs--Sides, loose, So. l0@5.15.
Shoulders Dry salted, boxed, ~. 62l 30475.
Short clear--sioes, boxed, S5. 45(D $50.
Whisky-Distillers' finished good, per GAL,
S'.22
Ontne produce exchange today, the butter
marketwa steady; creamery, 1292Sc; dairy,
go .0c.
tqps were rm. fresh. 26my6iL