St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-10
SLIGHT RISE NOTED.
Grain Market Comparatively
Steady, With Wheat
Firm.
BETTER DEMAND ABROAD
Aided the Cereal--Ppovisions
Show a Slight De-
cline.
BETTER DEMAND ABROAD
IMPROVED TONE IN STOCKS.
Reaction From Fridays De-
Observation-Disclosures Later
by Partial Decline.

B!CACC. Feb. 9.-Wheat was gen.
orally steady on better foreign markets.
Light exports for one caused moderate
mid-session slump, but reaction fol-
lowed. May closing &c higher. May
corn closed &c lower. May oats &c
lower and provisions at slight declines.
Wheat started firm under the in
f1uence 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 bu, against 10000 on the core
responding day last year. The weeks
exports OF wheat and flour from both
coasts amounted to 1920, pol blu, against
2,4S3,000 the week previous. Export
I clearances of wheat and -four for
tWentyfour hours summed up $4,000
bu. Guesses OH the probable amount
of the increase in the visible this week
run from $4,000 bu to 10000 bu.
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 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 $3.50. against yesterdays
closing prices of 5315@53Xc. After
keeping firm around 535s@5334c 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
53$4@533sc, with $3.50 bid at the close
The corn market was weak, but
started with yesterdays closing price
bid for May and 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 Wind-up was at recOv>
cry Of e C from the bottom of the days
range. May started at from 45 to 451ac,
worked gradually down to 441ac and
closed with trading at 4454@447sc. BUSH
ness in the pit was fairly good, with
elevator men as a rule selling, but with
some good speculative buying for the
long account.
Oats met with fair sale for Satur-
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 10 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 291sc. sold
up to 2911ac, back to 2S5sc. and closed at
29@2911sc.
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 21.OOO; 10000 are expected
in all during the next week. The pack
ers were sellers, Armour q Co. being
med 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 71ac each in
lard and ribs. Estimated receipts for
Monday: Wheat, 10; corn, SO: oats, so;
hogs, $4,000.
:TheleadIng futures ranged as follows: