St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-30
Advocates of Lower Prices Still Seem to
Have the Grain and Provision Mar
kets Under Their Thumb,
And in Consequence Wheat After Various
Fluctuations Closed Over Half a
Cent Below Saturday.
Provisions Attracted Considerable
Interest and Suffered Quite a sharp
Break--Corn and Oats.
Stocks in Wall Street Are Active, But
strike News Not Decisive Enough
to Affect Values.
Chicago Grain and Provisions.


Special to the Globe.
CHICAGO, March 2e.-Speculative interest
m change to-day was divided between wheat
and provisions Mess pork suffered quite
break. opening prices being loo per barrel
lower owing 10 the much larger receipt OF
hogs at the stock yards than had been counteo
lpon. Later the quotations showed deciiie
as compared with Saturdays closing prices
of 22I%c. While there was conslueraple ac-
tviry in both breadstuffs and provisions,Nery
little news was received from outside OF
character to materially effect the wheat mar
ket either way, and fluctuations IN values
were within a moderate range curing lhe
regular session OF the board. Public lhver-
pool cables called wheat steady aud the
weather in England showery. Farmers de-
hveries during the paStweek IN England were
$4,000 to SO, 600 quarters, or about 5,OOO quar-
tiers larrer than last week. Estimates on tue
probable decrease in the visible supply on
this side for the week just closed, ran from
100000 to 10000 bushels. New York STOCKS
were reported to have decreased o26,OOO
bushels during the week. NlghtlnSale
cables to-day said wheat i'll Liverpool was
very inactive, and no indication or better
prices, with
SURPLUS OF ENGLISH WHEAT
large and India, California and Oregon OF
fered freely. On the curb this morning be-
fore the opening of business on change, the
wheat market was quite strong and excited.
this buoyancy was apparent Tor starting
Sales of May wheat were ut S1@sc, or Just
where the market closed Saturday. AFTER
weakening 10 S034c, there was rally to SO1s
Gle on the split, and then the market eased
of AGAIN, settling down to S05sc, making
decline of an even cent The lost ground
was partially recovered, however, and for an
hour or more, prices hung around eO1sVSlc,
finally closing ut l o'clock at Sl14Ds15sc.
The principal factor of weakness to-day was
the report of large iiverieS in the North
west, and that receipts at Duluth would prob
ably amount to 100 ears a day for the next
two weeks 1t seems that they need money
in Dakota worse than they do their wheat and
are marketing freely. Selling to-day here
was largely by parties who bought last week
in anticipation of u rise. and now that the
backbone of the strike is broken, and the
probability is so strong, that large amount
of wheat held back from market on account
of it, will be let loose, there was very little
inclination on the part of the crowd TO buy
freely. Linn. Cudahy ana Ream were
credited with being liberal sci lers, and much
Of the
BUYING WAS AGAINST PUTS.
Toward the close a better feeling prevailed,
as it was learned that free export purchases
of spring wheat had been made both here and
at the East during the past two or three days.
n. L Baker & Co. are said 10 have taken up
wards of 500, 900 bushels during that time.
Only a moderate speculative business was
transacted in corn and oats. Prices huc-
uated within narrow range and closed
fraction lower May corn being quoted at
3S1%c ut l o'clock. and the same option of oats
Ut 303Hc Provisions were moderately active
early and weak pork selling Off 20@12215c per
barrel from Saturdays closing. The market
reacted some, and closed not far from inside
prices. Lard and meats did not decline pro-
portionately with pork, and closed but little
lower than on Saturday. During greater
portion of the session trade was very quiet
and the undertone more weak than strong.
Prominent local bears raIded wheat sharply
on the late board, and as the crowd was in
clned to discredlt the reports of such large
purchases here for export, the market was
decidedly weak. May wheat sold of to S07sc,
and closed at that, and corn also weakened a
little. Mess pork dropped 15c, lard 21zc and
ribs sc.