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-POr
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 at an advance from yesterdays
closing prices of 15c, May being In active
requeS. at SIC. There were seemingly q
great many outside buying orders on the
floor and the market 6rmed up under the
demand thus created. May sold At 81 SO
S2Hc and June at s4Hc, an advance
from yesterday of &c. Gables were
again conflicting. One set or ad-
vices have the English market very
Imp, with no inquiry Whatever
for American wheat, and buyers waiting
for supplies from Southern Russia, when
are expected 10 begin moving to market In
about two weeks. The market hung stub
bornly at a fraction above yesterdays last
figures for long time after 1t had been
hammered down. and refused 10 bulge one
way OF the other. The line seemed To be
about sl%@SlSsc for May and sSss gsSHc
for Sune. 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 to 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 inconsIderable. Provisions were
steady and a trifie lower. Speculative ousl-
ness was of very light volume
aud alterations in quotations were
not of character calculated 10
create sensation. The traders will not DC
Likely TO do much until after the lst. On
Wednesday, when May wheat touched
T99Sc. il looked as though the market was
going to eternal smash. At that point the
register showed decline OF 6ssc, the oreaK
having been almost uninterrupted and every
American market participating. An enor-
nous quantity of ''long" wheat was shaken
out and the shorts had
NO DIFFICULTY IN COVERING
at any time they saw fit. AT this WRITING
a recovery from extreme low quotations Is
noted and the market has assumed 9
healthier tone. The decrease in the Wis
ibe supply for the week IS estimated al
l. 900. 600 to 1850. 900 bu. There has oeeL
scarcely a change worthy OF note IN cOrn'
| Provisions have remained dull and, geher
ally speaking, finn. Prices or port
and lard hold about where they
were at this time last week. bu
the demands for ribs have sen
| -
scribed as 'hard as a rock" Pork is abou
b. so barrel lower than at the same time
last year. and lard and ribs 7o@soc lower
The difference in the quantity OF provision
exported the first three weeks OF 1886 J
not large enough to count, and the I'm
mense falling off in shipments Of produc
abroad that was so confidently predicted l
not shown in the figures
CHANGE CHATTER
New York sent very large orders here
Schwartz & Dupee alone bought over 10000
bushels for New York and most other house
with private wires were doing some ouyin
early.
The main influence on the market seeme'
to be the orders of Linn. Ream aud Cndahy
These big shorts we're actively covering an
were. IL is said, large bu! e or wheat
Puts on May wheat sold tough at sO5
oslo. Calls on May sold at S21zc.