St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-03-04
NERVOUS AND IRREGULAR
War Rumors Affect Prices of COmmOd-
tiles on Change, Resulting Ill
a Lower Range.
Wheat, Corn and Oats Weak ana
Lower, Despite Fair Offerings anu
Better Eastern Markets.
Provisions Again on the Down Grade IN SYM
pathy with Other Markets, a DECIDED
Change Being Noted.
Wall Street Lively and Good Business he
ported-The Bulls Grasping for
Granger Stocks.
Chicago.
Special to the Globe

Special to the Globe
CHICAGO, March 3.-Ou change to-day
May wheat sold at 7S3s@795Sc, closing at
1859. May corn sold at 405S9414c, clos
ing at 4115c Oats were dull and in light
request, at 3O4 @3O19c, closing at the high
est figure. Provisions were active, but prices
were somewhat lower. May pork closed at
$12.4715, lard at S6.95 and short ribs at
S6.2715 April options were quoted at reg
ular prices, but futures was in but light de-
mand. Wars and runners OF wars affected the
prices on Change during the morning SEES
sion to-day. Wheat was quiet, nervous and
irregular. The May option opened
at 79c, which was re lower than
the close last night. 1t soon
broke, however, under the influence OF an
increase in the visible supply over last week,
and it sold down to 7S3sc The feeling at
the opening was bearish, but after the break
the European war rumors sent it up again
In fact it was the war card that the "boys"
played right along to keep the market up.
Nat Jones, who was
sERENELY WATCHING THE CROWD
in the wheat pit, said eyes, it was the war
rumors that started the bulge. The boys
didn't get onto these at first, not having
read the papers, but soon after the opening
the news was circulated on tissue paper
among the crowd and they tumbled. Then:
gosh, how the boys did open their eyes"
But they couldn't shove up the
price very far. There are no out
side orders coming in and there
is nothing but a scalpirg business being
done. Mr.. Jones was also of the opinion
that the market would not stay up, but must
inevitably 90 lower. Another man about
'change controverted this opinion. He based
his views on his correspondence and showed
letter from Missouri which said that the
acreage was 20 per cent. less than last year
in that state and Arkansas and Kansas. There
was some short covering to-day aud this
helped to keep prices up. The option closed
firm at 7935(0791lc, March was in light de-
mand, closing at 7S14c, while April closed
&c higher at 74$l. June closed weak under
small trading at size. 'One day
is very like another, only more so,
and this is one of them," was the some
what ambiguous remark Of a prominent
scaper after l o'clock closed 81 haven't
made the ordinary wages Of hired man to-
day, and unless the market varies more than
&c at time on May wheat tomorrow l am
going to shovel snow until war is declared
between England and Russia. That's the
only thing in sight that would give US a pic
mic.
HE LOOKED WEARY,
and little wonder. In view Of the fact that
the visible supply has increased 428,6 $3.50
bushels, and that the weather reports con-
tinue favorable, the only wonder expressed
was that the cereal remained SO firm. The
speculative market in corn was weak, although
the market was steady. There were very
few country orders to sell, and it was the
general belief that there is very little in the
cribs along the line of railroads, which made
the corn market Independent Of others.
The receipts here to-day were 385 car loads,
1853 being contract. The amount inspected
from store was "a, 075 bushels The stock In
Chicago is 1894, 525 bushels, against l, $751;
327 bushels on the 21st ult. The visible
supply on the 2Sth ult. was 5,77l. 665 bushels,
against 5,210 ,971 bushels on the 21st ult.
but at the close was manifestly weaker, sell
ing at Al nc. Traders are already working
in June stuff, but the trading was very
light and quotations about the same as May.
March was practically unchanged, opening at
37Ac for March and closing at 37$sc for the
same month, while April closed at 37S5c.
The speculative market in oats developed
iuIf lv of ri htttt trad Cd
crate and May commanded the chief atten-
ton, opening at 30$5c, selling up to 301sc
and closing at the same figure. But If there
were complaints in the wheat pit there GER
tainly was no need for any among the pro-
vision spectators. Heavy men outside, who
are ready TO take chances and havesbecome
somewhat tired of the actions of wheat, cou-
cluded early TO take turn at May pork aud
buying and selling orders were
heavy. Provisions were about steady
and fairly well traded in.
though pork was probably the weakest artlcl e
in the provision list The May option in
this deal falling Off more than in any other
The opening quotations all around were the
highest of the day, when weakness in wheat
became quite pronounced before noon there
was decline of CSC in May pork, but the
market subsequently, steaded and reserved a
little over half the decline. At the opening
May pork was quoted at Sl2.65, but later
fell of to SLABS under the influence of
heavy trading but during the afternoon ses-
sion the price advanced to Si247t{, closing
at that figure. There was but little demand for
other futures, but March closed at $I2. % L aud
April at Sl2,37IG. Lard was but moderately
active, and prices ruled lower. March opened
and closed at $3.50. April was In but light
request closing at $6.s5, and Nav stuff
opened aud closed at 1926. Short RIBS were
exceedingly dull, and a very slow trade was
reported in them. March opened at S617i5,
closing exc lower. April was quiet, QUOT
able ut 1920, while Nav suffered a decided
decline of l0c, opening at S6.STIS and clos
Ing at S6.27As.
AT THE STOCK YARDS
business, in general way, was rather slow.
The receipts show q heavy falling of as COM
pared with week ago, and the demand is
not as strong as a week ago. Prices on both
cattle aud hogs were generally quoted easier.
The closing on Saturday Of the regular win
ter packing season was the occasion Of the
withdrawal Of those firms who only
carry on winter business, hence the
packing demands for hogs, especially heavier
sorts, is at present rather limited
The Quotations.