St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-11
They Let Go Their Holdings on the
Slightest Sign Of
Decline.
Grain and Provisions Still Settling IN
Value-Prices Close Lower Than
on Tuesday.
Yesterdays Decline in Pork Puts the
May Option Very Near TO $40
Barrel.
The Bears on Top in the stock ES-
change--A Better Feeling at
the Close.
Chicago Grain and Provisions.

Special TO the Globe.
CHICAGO, March l0.-The usual &c huctua-
hon made itself manifest in wheat to-day, ana
this feature small as it was, was about the
biggest thing in the market. Our market
closed Is@l4c lower than yesterday, The
great railroad strike and the arrival of a
cargo of California. wheat at New York, were
the principal features. Heavy selling for
short account until late in the day, gave the
market weak tone. On an advance OF go
3Ae in New York, and the engagement or hVe
boatloads OF No. > red wheat Tor
export the market firmed up in the
afternoon and closed AZ opening prices.
The first government report for this year was
issued to-day, and was read ootn ways py
bulls and bears. The stock Of wheat March
/, remaining in first hands, is placed at lO1,-
600, 900 bushels against 100000 bushels IN
1885, and ll9,O0O,OU0 bushels in 1854. 1t is
only 100000 more than in March, lSS%, when
We had the smallest
INVISIBLE SUPPLY
Of recent years. This showing makes the
visible and invisible supply March l, 10000
OOO, against 2l2, 900 bushels on the same
daIe last year. This statement is regarded
by many as favorable 10 believers in higher
prices. The consumption OF wheat in this
county is commonly estimated ut l,000, 900 bu.
day There are 1873 days lert in this crop
year, and on this showing, even without eX-
ports, Ne would practically have Lo wheat
left by Aug. /. Fifty millions or wheat
visible and invisible,i is regarded as farmers
reserve. Ia the face Of this strong statistical
position OF the cereal, IL is a very difficult
matter TO lift values TO a higher plane. The
bulls are tired and Disguised and, MS rule,
let go their holdings on the slightest sign OF
depression. The exceptions 10 this rule are
the parties who are carrying the
bulk of the cash wheat here.
The marked improvement in cable
adyices is the best feature in the market for
the near future. May wheat opened 1T S4s4c,
sold up TO S45sc, and afterward touched
sac, finally closing at S41aUS4}sc. June
sold at S5H9S64c, and closed at o51sOS6c.
August sold at s694&S619c, down TO S6Hc,
closing at 5000. July sold at s67ac. March
closed at 1899. At eleven points
THE RECEIPTS TODAY
were $4,000 bushels, and the shipments g.
coo bushels. Corn was weaker and broke &c.
Trading was larger and more general than
for week past. Receipts were fair. New
York was easy but calls STEADY. A large
operator sold about 100000 bushels and pro-
duced the decline in May from 401s040Hc
to 1890, and at the l O'Clock closing that
figure was bid-a go drop from yesterday.
Shorts were the largest buyers and absorbed
all the offerings. Near futures were neg
lected and nominal. Provisions opened
quite active and continued so for an hour,
but there was good deal of unloading, which
had the effect Of lowering prices. The next
hours trading was at the standstill, but just
before the close activity set i'll, when prices
were again reduced, and at the adjourn
meut OF the session showed decline
OF l2%9l5c on mess pork and 21aG5c on lard
and short side ribs. Mess pork for May
opened at 5000, fell TO $l0l5 and closed at
SlO.1755. March closed ut $1,000 April at
$40. 10 and June at Sl0.25. Lard for May
sold at 5000 down to and closed at $6.025.
April closed at $685. and June at $6O71a.
Short ribs for May sold at So. 10 at the start
and IS. 30 at the close. March closed at
50. 321a and June at $5.3715.
PETER BERKEY. sPres. 4. W. ANDERSON. Cashier
CIV. GRIGGs, V. Pres. A. G. ANDERSON, Asst. G.
THE ST. PAUL NATIONAL BANK.
CAPITAL, $500,000.
Coruer Fifth and Jackson straats