St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-11
BETTER DEMAND ABROAD
Aided the Cereal--Provisions
Show a Slight De-
cline.
IMPROVED TONE IN STOCKS
Reaction From Fridays De-
ppession--FolloWed Later
by Partial Decline.

HICACO, Feb. 9.-Nltat WIS gen
orally steady on better foreign markets
Light exports for one caused moderate
mid-session slump, but a reaction fol-
| lowed, May closing &c higher. Nav
corn closed &c lower. May oats &c
lower and provisions at slight declines.
| Wheat started firm under the in
| Huence of encouraging cablegramS. but
weakened on the small export clear
ances and the apparently slow rate Of
| the decrease in the heavy stocks in
sight. Chicago received only four cars
today. and Minneapolis and Duluth got
179. The primary market rece ipts were
$4,000 Blu, against 4l6.000 Oh the cor,
responding day last year. The weeks
exports OF wheat and flour from both
coasts amounted to 2,220,201 blu, against
2,4S3,O0O the week previous. Export
| clearances OF wheat and flour for
twenty-four hours summed up $4,000
bu. Guesses OH the probable amount
| OF the increase in the visible this week
run from 100000 bu TO 1000. 900 blu.
Bulls had rather the best of it for half
| an hour or so, after which the short
| sellers had most influence for an hour
and a half, but in The final half-hour of
| the session the buying orders were
| again in excess of those to sell, which
| was the latest phase Of the trading.
May opened at 535lc, against yesterdays
closing prices Of 5319@531sc. After
keeping firm around 533g(053$4 C for half
an hour. 1t gradually sagged until it was
being offered at $3.50. but finally be-
came in better request and rose again to
53sl@5351sc, with $500 bid at the close
The corn market was weak, but
started with Yesterdays closing price
bid for May and a sale or two at &c
higher, but during the greater part of
the remainder of the session the price
was generally on the down grade.
| Toward the end, Influenced by the clos
ing strength in wheat, rally occurred
and the wheat windup was at a recov-
| cry of g from the bottom of the days
range. May started at from 45 to 451sc,
worked gradually down to 1870 and
closed with trading at 445l@445sc. Bush
ness in the pit was fairly good, with
| elevator men as rule selling, but with
some good speculative buying for the
| long account.
day, and after ruling easier during the
early part OF the session recovered
somewhat, and closed but small frac-
ton under the last price yesterday.
Scalpers were reported to have caused
the early weakness by raiding the mar
ket, and helped rally prices later with
taking back some of their early dispo-
sails. The weaker cash market gov
erned the early speculative crowd 10
some extent. May started at 2911ac, sold
up TO 2915c. back TO 2S1sc. and closed at
29(02975c.
The provision market started weak,
and continued heavy for the whole of
the session. The hog receipts. which
had been estimated yesterday at 10000.
numbered 2l,O00; 10000 are expected
in all during the next week. The pack
ers were sellers, Armour & Co. being
named as leading in that action. John
Cudahy was also named as fairly lib
eral seller. Prices at the close show de-
clines of l5c in pork and 719c each in
lard and ribs. Estimated receipts for
Monday: Wheat, 10; corn, so: oats. so;
hogs, $4,000.
Theleadlng futures ranged as follows: