The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-02-22
MARKET SUMMARY.

CHICAGO Feb. 21.-Wheat was very nerv-
Gus and unsettled today, and fluctuations
covered wide range. News a rule was
bearish but tomorrow is a holiday and the
pervading Letter influence made shorts anH-
ious to cover. May closed at 24c advance,
heavy free liquidation, and closed Ac ana
&c lower respectively Provisions show small
irregular changes in closing prices.
there was to be another Wild day in the pit.
May was bid for at the commencement all
the way from 81 &c to $1071a, the higher OF
the figures being an advance of 11sc over
Saturdays closing price. Most OF the bid
ding was at 81 G6, and the price settled there
for moment. Then ii rose rapidly to 81 OH,
declined 1c and worked back more slowly
TO 81. OF. July was affected also, though not
showing such rapid and violent fluctuations.
July opened at from 92c TO 921ac, or 2sQ1ac
higher than Saturdays closing figures, and
advanced during the first bulge in May to
Csc. This was followed by a reaction TO
927sc, and a subsequent rally to $3.50. The
break in New York stocks, and the war talk
in the morning papers, undoubtedly had a
good deal of influence on shorts, whose anx-
iety to cover was responsible for the nervous
ness the market displayed.
Some bullish strength also impaired by
the steadily falling off of Northwest receipts.
Minneapolis and Duluth reported arrivals of
$50 cars, against S43 last week. Last week S
receipts, however were for two days. Chi
cago received 10 cars 81 of which were con-
at 49,, goo bu but this was offset by an
other large decrease in Liverpool stocks,
about 800. 0O0 bu
Though Letters representatives claimed
they did nothing with today's market, the
crowd believed that a good portion of the
buying which done every soft spot
was for his credit, and this belief added to
the general nervousness. There was also a
general disposition to even up on short lines
as much as possible in view of tomorrow S
holiday.
chr
crease for the week of eco Blu. This
provoked lively selling from scattered longs.
Up to midday the market showed a series of
fluctuations more or less violent, May be-
ing bid up at one time to 81 08, but dropped
at once to 81 .071a. July acted heavier. and did
not get at any time above 93h2c. The WISH
Bile figures were distinct disappointment
to the bulls. They showed a decrease of but
Dol goo Blu, and, but for the heavy decrease
ct Chicago owing to the Letter shipments
there would probably have been an increase
Free selling, both of July and May, followed
this announcement July declining to 915sc
and May to 1.06.
Towards the close a sudden bulge In the
New York market and the good export bust
some strength TO the dropping market, and
slow rally followed. At the close May was
bringing $1.O6A, and July 925sc
There was heavy selling of corn from every
direction. The market started strong and
higher in sympathy with wheat, but heavy
liquidation started at once, and prices soon
AoSI IilS cal ~ e'NdHCe. 1edNy local receipts,
a visible increase of /, 1886, goo Blu, also en-
couraged shorts selling. Country offerings
were small and cables firm. May ranged from
S15sc to 3O3sc, and closed &c lower at 3OAc.
The market for oats was similar to that
of corn, in its action. The start was strong
with wheat, but the market soon yielded to
general selling and lack of support, and
acted weak for the rest of the day. The
visible decreased G66000 blu, but this apparent
~ had no effect. May ranged from 271hc to
2S1Ac, and closed &c lower at 26Ac
Provisions We're fairly active and irregular.
Opening strength with grain and a firm hog
market was followed by general small de-
small lots. After that prices did not change
much. Lard was better supported than eli
they pork or ribs. and closed steady. At
the close May pork PFC lower at $11,
May Lard PIC higher at 1925, and May ribs
212c lower at S5.25.
Estimated receipts Tuesday: Wheat, 81