St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-28
LOOKED LIKE A TURN.
A Slight Advance in Wheat Led the Bulls
to Believe That the LOnged-FOr
Rise Was Here.
But the Up-Turn Was Only For an Hour,
and Closing Prices Were About as
on Friday.
An Enormous Quantity OF Long
Wheat shaken Out During the
Past Week.
Northern Pacific Occupying Consid-
cradle Attention on the New
York Board.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO. March 27.-Wheat opened this
morning al an advance from yesterdays
closing prices of &c. May being in active
requeS. at SIC. There were seemingly a
great many outside buying orders ON the
floor and the market irmed up under the
demand thus created. May sold al 81 80
s. &c and June at S4Hc, an advance
from yesterday of &c. Gables were
again conflicting One set OF ad-
vices have the English market very
limp, with no inquiry whatever
for American wheat and buyers waiting
for supplies from Southern Russia, which
are expected To begin moving to market In
about TWO weeks. The market hung Stub
bOrnly at a fraction above yesterdays last
hgures for long time after II had been
hammered down, and refused 10 bulge one
way OF the other. The line seemed To be
about Sl&@SlSc for May and sSss @sS1Se
for sumo. Up to IL o'clock the
PIT WAS DESTITUTE
of excitement and nothing occurred to slim
ulate business Just before the close the
market flashed up 10 size on May and
then fell back as quickly, closing at 81 sc.
No change occurred in the situation IN cOrn
and OATS. The market may have been
shade easier but the fluctuations in value
were ineonslderable. Provisions we've
steady and tribe lower. Speculative bust
ness was of very light volume
aud alterations In quotations were
not of a character calculated TO
create sensation. The traders will not be
Likely 10 do much until after the LIST. On
"Wednesday. when May wheat touched
799Sc. il looked as though the market was
going TO eternal smash. AT that point the
register showed decline of 6Ssc, the break
having been almost uninterrupted and every
American market participating. An enor-
nous quantity of '-long" wheat was shaken
out and the shorts had
40 DIFFICULTY IN COVERING
at any time they saw fit Al this writing
recovery from extreme low quotations Is
noted and the market has assumed a
| healthier tone. The decrease in the Wis
ible supply for the week IS estimated al
| 200. 600 to l. $50. 900 bu. There has been
scarcely change worthy OF note in corn.
! Provisions have remained dull and, gener-
/ ally speaking. inn. Prices Of pork
and lard hold about where they
were at this time last week. but
| the demands for ribs have sent
| quotations uD l5c, and the market is de-
scribed as hard as a rock" Pork is about
-. so a barrel lower than at the same time
last year. and lard and ribs 70@SOc lower.
The difference in the quantity of provisions
exported the first three weeks OF 1886 Is
not large enough to count, and the I'M
menSe falling off in shipments Of product
abroad that was so confidently predicted Is
not shown in the figures.
CHANGE CHATTER
New York sent very large orders here.
| Schwartz & Dupee alone bought over 5oO,OOO
! bushels for New York and most other houses
with private wires were doing some buying
/ early.
The main influence on the market seemed
TO be the orders of Linn. Ream and Cudahy
| These big shorts were actively covering and
were, it is said, large buy e OF wheat.
Puts" on May wheat sold tonight at s05.
oslo. Calls on May sold at s215c.