St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-12
STILL SLIDING DOWN
WHEAT OPENS VERY WEAK AND
DECLINES STEADILY ALL THE
CEClDELY LOWER CABLES
hND HEAVY NORTHWESTERN RE-
CEIpTs AMONG THE BEARISH
INFLUENCES.
MARKET HAD GOOD FEATURES,
Bat the Bears Have the Best of 1t
Corn, Oats and Provisions
Also Decline.
DEclDELY LOWER CABLES
MARKET HAD GOOD FEATURES,

CHICAGO, Feb. 11.-Tomorrow being holi-
Ray created a feeling among dealers TO even
up and probably caused considerable more
wheat to be dumped on the market than
would have otherwise been done. Wheat
opened weak and remained so all day, the
rlcse showing loss of &c since yesterday.
Corn lost lkc, oats sc and pork. lard and
ci5s lost 25c sc and 71sc respectively.
In wheat the early influences were rather
bear;sh, the chief of which were the lower
rabies and large Northwestern receipts as
well local. Liverpool was quoted ed
easier and Northwestern receipts were over
loo cars greater than the same day last week.
The market was influenced some by the fact
HAT the first arrivals of a large line pur-
chased in the Northwest by elevator in
teTests here yesterday arrived. But later adj
vices were of such favorable character that
prices gradually recovered 13c Of the decline
This was due to the fact that the worlds
shipments last week, which were estimated
10 be 7,000, 900 bu, were found to have been
bnly little over :, 200, 900 Blu, about in line
with what they have been for some weeks
past, and still 2,100, 600 bu below the estimated
weekly consumption There was also fair
buying for Eastern account which also helped
to check the decline in prices. Primary re-
teipts, however, footed up large, and the
weather indication became more favorable
prices again Jagged back May wheat, which
closed yesterday at 6Sasc opened today with
sa,es at Ss9S61sc, fell to 65%c, advanced to
6s3Sc, and at noon Ss7sc- Although Brad
streets reported over 1000. 900 blu decrease
in the worlds available supply last week,
some of the big traders hammered the mar
ket during the last hour and drove the price
sf May down to 653sc, that being bid at the
plose-
Corn was fairly active and lower, Influenced
by sympathy with wheat and by expecta-
lions Of larger receipts on the improved con-
dition Of country roads.
May opensd tsc lower, at 3oAc, and fell
steadily to 29B63ec- The market continued
to weaken during the last hour, and May
Fold at $3.50, closing at that figure.
! Oats ruled quiet and lower, the weakness
in wheat haveing its usual effect May opened
unchanged at 2lAc, sold at 215sc, back again
to N1ac, declined to 207sc and closing at
R0k@Nc.
/; In provisions the feeling was weak during
the greater part Of the session, and material
Eeclines resulted. Receipts of hogs were
larger than expected, and sympathy with the
wheat weakness helped in the decline. MAY
pork opened SO lower at $10-22N, and closed
81 SO fat Lard was equally weak and fell
from S. s. ut the start to S5-571a, closing al
S5.G0 May ribs, which closed yesterday al
f5-2715, opened this morning at S5.z5 declined
10 s5-l71s, closing at $3.50 Estimates fol
"Wednesday: Wheat. 12T cars; corn, 15s cars,
bats 100 cars; hogs, q. 900 head.
: The leading futures ranged as follows: