St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-23
Chicago Grain and Provisions.


handled at Chicago and declined.
Chicago Grain and Provisions.
Special 10 the Globe.
CHICAGO. March 22.-Wheat for May
opened AT S2c, 4 decline from Saturday of
sc. Cudahy and other professionals inn
mcdiately began selling. Their tremen-
lOus offerings broke the price TO SOS4c for
Nav. S23sc for June and SS9sc for August.
An element III the bears favor was the sell
ing OF a large amount of long wheat held
oy timid parties who had become thoroughly
frightened at the prospects of a slump. lie
was well known in the "crowd" that large
number of holders had refused to margin
below soc, which they had led themselves
to think was a perfectly safe limit With
that boundary in reaching distance, they
lost hope and concluded not TO follow the
market any further. The raiders made a
desperate aetempt To break the market to
soc. but it received Unexpectedly strong
support al and about Sic Tor May from
Hutchinson. Hamill " Brine, Orr. Critten-
den IL Comes Milmine x BOdman, Flem-
ing 4 Boyden and other strong commission
houses. which seemed TO have unlimited or
ders 10
BUY ON TIE BREAK.
The market accordingly buOyed, up and
bearish quotations showed that the terrlfy-
ing influence Of bear raiding had ceased to
be the ruling factor for the time being.
The market was in a nervous state all
morning, however, and Eighty as colt.
Gables were easier. American markets
without exception We're depressed, visible
supply estimates were small, the feeling
here and at interior points was not one OF
bOiSterOuS confidence in the future and the
lmdertOne of strength that manifested itself
occasionally seemed to be OF the elastic
rather than the unyieldlng kind. Alto
gether it was a bear day ana after the tenn
porary recovery, caused by the heavy buy
ing above noted, the market again became
soft and the bears went at il again, ham
merng the. price down TO S05sc, where it
closed weakly at l o'clock, Il loss rs COM
pared with Saturday at the same hour Of
l$lc. \ report that the Northwestern mil
lels had put down their buying prices was
freely spread, and news of the extent OF
HE railway strike in the Southwest also
had
4 DISPTRITING EFFECT.
Very generally favorable crop news had
an additional limbering effect. Corn shared
10 a limited extent in the excitement that
pervaded wheat, but the fluctuations were
within Il range of Sc and the general
temper OF the market was strong. The
decline in May to 3S15c has checked re-
ceipts at primary points, and the difference
of 3lEc between cash and May has tempted
a great many country holders to carry their
own property for That profit. taking the
precaution to insure the Sheckels by selling
against their holdings. The latter fact is
rot noted as an element of strength but as
am item of news which may account for the
f1i off in y "A =
RECENT DECLINE IN PRICES.
The noon closing for May was 9S55c,
which was substantially the same as Oh
Saturday. Oats sold down fracuonally, but
recovered. and at o'clock closed at open
ing quotations and seemingly quite firm.
Provisions were rather iirmer to-day and
there was substantial buying Of pork, lard
and ribs at higher prices than ruled on Sat
urday. May pork sold up to $500, but re-
ceded and closed steady at S9.771I, June
being quoted at 50. S2]z, an advance for the
day of DC. Lard closed at the end of the
long session sc higher than Saturday,
and ribs T15c higher. Wheat advanced
sharply &c on the afternoon board. Corn
and provisions were firm.
CHANGE CHATTER.
The Duluth visible supply report Of wheat
makes 367, 900 bushel decrease.
p. Il. Kelly OF st. Paul, who is on his way
home from Washington, stopped over to see
his friends on the board.
The generally accepted theory OF the
break was thHt Re9m, Jones and that crowd
were helping some Northwestern friends out
OF bad box by unloading their long wheat.
Cassidy, Tufts, Walker Schwartz, Dupee and
in fact pretty much the whole crowd had Or
ders 10 sell.
PETER BERKEY. Pres r. W. ANDERSON Cashier
C.W. GRIGGs, V. Pres. A. c, ANDERSON, Asst G.
THE ST. PAUL NATIONAL BANK.
CAPITAL, 100000.
Corner Fifth Rnd Jackson streets
The Quotations.
CHICAGO, March 22.--Flour quiet and I'M
changed. Wheat--Sales ranged: March,
T5540173sc, closing at 75$<@755sc; April,
7574Gi712c, closing at 757sc; May, sO9sGe2c,
closing at S05sc bid; June, s24S3;sc, closing
Vt SIC. COrn-Sales ranged: March, 1910
85c. closing at 8456@35e; April 35G35Isc,
May, 3S2sQ3S54c, closing at 3S9sc; June,
8s1a93Ss4c, closing at 3SSE&3s24c. Oats
Sales ranged: March and April, nominally
at 2d24c; May, SO2s9S09sc, closing at 1910
59c for gilt edge. Barley-No. cash, soc.
Flax Seed-No. 1, S1.10H0110A. Pork
Sales ranged: May, $9.75G9.90, closing at
s9.773a@9.S0 June, 9.s21a09.9714, clos
ing at 50. S21a69.S5. Lard--Sales ranged:
april, $s5,971a9d; May, ss@s. os}a;
n.
Boxed shoulders, $4,000 .95; short rib sides,
e5.221 50y5.25; short clear sides, 50. 50l5. 55.
whisky steady al 81. Ii. Produce Exchange
Butter was firm; creamery, choice to fancy
extras, 25G05lc; choice dairy, 15@22c, eggs
shade better; sales, 10344l1c. On the after
noon board wheat was active, excited and
strengthening; May. size. Corn and provi-
sions firm. Reoeipts-Flour, 5000 bbls;
wheat, $4,000 bu; corn, $4,000 bu; oats,
$1,000 bu; rye 1000 bu; barley, 1900 bu
q
bu; corn, $4,000 blu; oats, 1900 bu; rye,
1000 bu; barley, $4,000 bu.
MICHAEL DORIAN g. CO.,
COMMISSION MERCHANTS ST PAUL MINI
Grain and provisions bought and sold for cash
Orders for the purchase and sale of Stocks on
any stock exchange in the country promptly exc
ented.
The Fluctuations I'm Detaii.
ST. PAUL, March % 1.-THE following quota
hons,giving the range OF the Chicago markets
turing the day, were received by NJ. Doran,
commission merchant;
Wheat. Corn. Pork.
Time. --- --- -
My lJne MY IJne May. June
-- - = = --
Sat. close. s2h sa24 aS9g 8ss4 40 . 7715
Opening. 81 SS5s 3s55 3ssz Q so 8 sT15
9;4U a. NJ o41s SOS oe2s oeI2 20 S211
$3.50 :" S0$4 S22s 3S3s $50 8 rs SO
1890 sl14 S2S4 l3S1G 3S5s 9 IS 30
lO;l0 s11s S25S 3S1S 3sss 9 80 g5
lO:2O 81 s2sst3 q $3.50 9 s212 9 s71.
1890 s1% s2$4 1895 8s1a IS 8 80
l0:40 s0$4 92sS I3Sss $50 . ~ 9 s2Ls
1850 81 S25E $685. l3s15 9 80 So
HOO 81 S2@s l3S]9 l3s5s 80 SIS
l1:I0 Sl1s 1924 S61a l3s5Sl 0 so So
LEO " 81 S25sl3S9s l3sSl 9 771I seq
ll:30 O1slSz% l3S@ $3.50 9 771a s3hs
lSI lS,l5k rs l905Ll q en u =