St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-19
The Predicted Bear Movement Fails to
MateriaIiZe, but the Bulls are
Not Rampant.
Little of an Attractive Nature III
Leading Speculative Articles,
Closing Unchanged.
Wheat Unsettled, Corn Rather steadier, Oats
Dull and Provisions Weak and
Lower.
A General Decline in Stocks Said to De In
Course of Manipulation by Gould
and Cammack,
Chicago.
Special to the Globe.

RRSNA~A w OAN|N'
CHICAGO, March 1s.-The markets to-day
were rather quiet, and the volume OF trade
not large May wheat opened at T9c, clos
ing &c higher, and May corn closed &c
higher than the opening at 412sc. Oats
were quiet at the close, quotably the same as
at opening prices, at 30Ic. Trade in pro-
visions was of a local character, closing nc
lower for May pork, Sc lower for lard, and
21Ic lower for short ribs.
THE WHEAT CROWD
was the reverse of lively at the
opening, and general appear
ance of WEAKNESS was Observable
among the longs on corn. Both products
held their own at the opening, which was
weak, and decline of &c followed, but wa 5
soor recovered. At 10 o'clock there was no
indication that a rumor, circulated at late
hour yesterday on the curb, that number
of persistent bulls had changed tactics and
were about to jump on the market with their
several and united feet, had any foundation
save in the active imaginations Gifts origin
ators. The early trading was entirely of
local character and outsiders appeared to
take no interest in the proceedings.
PORK OPENED FIRM
and at an advance sufficient to give the in
dusCrious scaIDer a slight show for subsist-
ence, while lard followed in sympathy.
eve must wake up a first-class crop
scare, =" remarked an old head very confidtn-
italy about II O'Clock, cor the bottom is la
ble to drop entirely out Of wheat. Those
consols are altogether too strong to suit me
ana something must be done" 1t may have
been coincidence, but in short time Nat
Jones was showing kilograms from Southern
Illinois and Kansas of the most damaging
character From the latter state it was
wired that the acreage was only 90
per cent. of last years, and that 20 per cent.
of that was total failure. Indeed, some
doubts were expressed as to whether there
would be enough wheat raised for home con-
ption in that commonwealth. To sup
port the Illinois account the most dilapidated
specimens of growing crop imaginable
seemed to have been imported especially for
the occasion, and were exhibited by brokers
with sorrowful countenances, who protested
great
FEAR OF AN IMPENDING FAMINE.
The bulls were diligent and I'M
ceasing in their labors of love,
but in spite of their weli-meant
endeavors, the market continued ofiish and
weak George Smith was heavy buyer,and
Schwartz d Dupee took in several good lots
and sold again just to keep things moving
along in a business way. Ream was also
n long buyer, and it was noted as some
what unusual circumstance that Billy Linn
lowered around without inserting his shovel
Under pressure provisions dropped slightly,
but there were no transactions worth noting
Wheat was
RATHER EASIER AT OPENING
this morning, the first sales being made at
79c for May, a slight decline from
yesterdays closing figures. Offerings,
however, we're light and the trading
for some time was noticeably small.
Business was mainly for account of
local short sellers, who showed some anxiety
10 cover their contracts in view Of moderate
offerings This demand caused an advance
of about &c, which, however, was of but
short duration, as when the market began to
give way sellers increased, and the whole
Improvement was lost before the close
Of the morning session. Cables were
uniformly unfavorable, and New York was
without strength, temporary advance there
being but a reflection of the upward turn
here above noted.
WAR APPREHENSIoNS
seem TO have now entirely disappeared, and
while crop reports of an unfavorabe tenor
continue to be received, they do not exercise
much influence, although not entirely ig-
nored, The controlling factor is yet the
enormous stocks, which latest official figures
show to be 40, 900, 900 bushels in warehouses
between Buffalo and the Mississippi river
At the close March was quoted at 74]5c,
April '744c, May 19Isc and June 81 sc.
July was nominal at $3.50 at the close.
Receipts of corn were somewhat larger to-
day, trade was moderately active on local and
speculative account and prices a shade better
than yesterday. The market opened quiet,
being continuation of yesterdays weak
ness, May selling at 1850 and declining to
4lkc, but light receipts and steady cables,
together with realization of deceptiveness
of large increase in the visible supply,
brought in a good many buyers and prices
advanced steadily To 41%c With a later
raid on wheat corn somewhat SYM
pathized, selling down TO 4l9c, but
recovered partly, closing at al sc bid.
There has been more trading to day with
a feeling of returning confidence, the market
closing about sc higher than yesterday.
Cash demand was better and the market to
US
LOOKS MUCH STRONGER.
April closed at 37slc, June at41Xc, July
at 42&c.
Oats were again very dull, with fluctuations
of sc in sales OF May, the only future traded
in. There was little stuff offered and few
bids on the market. Opened and closed at
S0Sc for May.
PROVISIONS WE'RE TAME AL nay
with slight changes favoring the bears
being noted in closing prices. There was some
early demand for ribs, chiefly TO cover shorts.
which absorbed the realizing sales of which
there was \ noticeable increase IN the early
session. May pork opened at SIC 80. closing
at Sl2.4eiS, under depressing influences OF
weaker market in cereals; March opened
at SASS and closed at $i2.S0, April opened
at $l2.40 and closed at SASSY; June was
nominal, closing at SASSY. May lard
closed &c lower, at $685.; other months
were about nominal at S6.S2L for
March, $6.S7k for April aud S1.02k
for June. Short ribs closed lower but steady
at $3.50 for April, $6.25iS for May, and
$6.25 for June.
AT THE STOCK YARDS
the receipts Of cattle were light and prices
were advanced 1oaI5c on the ordinary run
Of shipping and dressed beef stock. The hog
market was active aud prices 5GIOc higher.
Sheep quiet and steady.