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

made on Lake SnOlc ana lhb OlsiiASNi7 N'A''
the former declined rapidly and then rallied,
hat closed with = loss OF IA per cent. st.
paul showed loss OF b, Northwestern of =
and Omaha common Of -, the market clos
ny arm and strong. Wheat was severely
aauuled al Chicago and declined.
Chicago Grain amt Provisions.
Special 20 the Globe.
CIucAGo. March 22.-Wheat for May
opened Al S2c, decline from Saturday or
e. Cudahy and other professionals i'm
ncdiately began selling. Their tremen-
lous offerings broke the price to SO$4c Tor
May. - 3, e Tor june and S@28c Tor August.
An element IN the bears favor was the sell
ing OF q large amount OF long wheat heid
2y timid parties who had become thoroughly
frightened al the prospects OF slump. 1t
was well known in the crowd" that large
number Of holders had refused to margin
below soc. which they had led themselves
10 think WAS perf@ctty safe limit. with
that boundary in reaching distance, they
lost hone and concluded not to follow the
market any further. The raiders made
desperate aeiempt to break the market TO
SOC. but it received Unexpectedly strong
supper. NJ and about Sic Tor May from
Hutchinson. Hamin " Brine Orr. Critten-
den X Comes. Milmine Il BOdman, Flem-
ns x Boyden and other strong commission
houses. which seemed 10 have unlimited or
dere 10
BUY on TIE BREAK.
The market accordingly buOyed, up and
although the tone OF the pit continued
beariSh quotations showed that the terrlfy-
ny influence OF bear raiding had ceased to
be the ruling factor Tor the time being.
The market was in a nervous state all
a. q
Gables were easier. American markets
without exception We're depressed, visible
supply estimates were small. the feeling
here and al interior points was not one or
boiSter0uS confidence IN the future and the
lmdert0ue of strength that manifested Itself
occasionally seemed 10 be OF the elastic
rather than the unyieIdlng kind. Alto
gether il was bear day ana after the tem
porary recovery, caused by the heavy buy
iu. above noted, the market again became
soft and the bears went at it again, ham
ueliug the. price down 10 S03sc, where 1t
closed weakly at l o'clock, loss ~ COM
pared with Saturday At the same hour or
e. \ report that the Northwestern mil
lens had put down their buying prices was
freely Spleal. and news Of the extent OF
he railway strike in the Southwest also
had
\ DISPIRITING EFFECT.
Very generally favorable crop news had
an additional limbering effect Corn shared
10 limited extent in the excitement that
pervadeG wheat. bnt the fluctuations were
within range of Sc, aud the general
temper OF the market was strong. The
decline in May Ia 3Si5c has checked re-
ceiptS at primary points, ana the difference
Of Sc between cash and May has tempted
a great many country holders to carry their
own property for hat profit. taking the
prrcauton 30 insure the >heckels 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
falling off IN receipts quite as much as the
RECENT DECLINE IN PRICES.
The noon closing for May was 3S@5c,
which was substantially the same as Oh
Saturday. Oats sold down fracCon2lly, but
recovered. and at / o'clock closed ut open
ing quotations and seemingly quite firm.
Provisions were rather lirmer to-day and
there was substantial buying Of pork, lard
and ribs al higher prices than ruled on Sat
Urday. May pork sold up to 50. 90, but re-
cedcd and closed steady at S9.71L, 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 re higher. Wheat advanced
sharply $ &c on the afternoon board. Corn
and provisions We're tirm.
CHANGE CHATTER.
The Duluth visible supply report Of wheat
makes 900 bushel decrease.
y. 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 thut Bc9m Jones ana that crowC
were helping some Northwestern friends GU
of bad box by unloading their long wheat
Cassidy, Tufts, Walker Schwartz, Dupee, anC
in fact pretty much the whole crowd had or
ders 20 sell.
PETER BERREY, Pres r. ". AEDERsoN, Cashier
CIV. GWGGs, V.fres. A. C. ANDERSON, Asst C.
TIE ST. PAUL NATIONAL BANK
CAPITAL, 100000.
Corner Fifth end Jackson streets
TEe Quotations.
CHICAGO, March 22.-Elour quiet and un
changed. Wheat--Salcs ranged: March
49, U-73sc, closing vt 15$<0155sc; April
757aDi112c, closing at 757sc; May, s03aG &c
closing ar S0&sc bid; June, S@aS3;sc, CLOSING
vi S2c. Corn-Sales ranged: March, 3494 q
B5c. closing at 345sG35c; April 35G351sc
May, s$sG3o34c, closing ut 3S9sc; June
8s%836s4c, closing at 3SSs&3s24c. Oats
Sales ranged: March and April, nominally
at 2694c; May, 30@s9302sc, closing at 3O1z@
5O55c bid. Rye dull; No. ,, in store, $3.50
soc for gilt edge. Barley-No. . cash, soc
Flax Seed-No. |, 81. 101%Dl.l094. Pork
Sales ranged: May, $9.76Gt9.9O, closing a
S9.7734U9. so; June, 9.s21aCSs.97H, clos
ing at 50. S21a99.o5. Lard--Sales ranged
april, S5.9714D6; May, S6&6. O214
June, $500; July, Sc. 123%Q6I7%
Boxed shoulders, $3.90lg3 IS; short rib sides
E522ISG5.25; short clear sides, So. 5O&5. 55
Ehislly steady al 81 IA. Produce Exchange
Butter was firm; creamery, choice TO fancy
extras, 25Gg5lc; choice dairy, l5122c, eggs
shade better; sales, 10340llc. On the after
noon board wheat was active, excited al,
strengthening; May, 81 &c. Corn and provi
sious firm. Reoeipts-Flour, 5000 bbls
wheat, $4,000 bu; corn, $4,000 bu; oats
87,0UO bu; rye, 1900 bu; barley, 1900 bu
shipments-FlCur, 1900 bbls; wheat, %, 90
bu; corn, $1,000 bu; oats, 1900 bu; rye
1000 bu; barley, $4,000 bu.
MICHAEL DORIAN g. CO.,
COMMISSION MERCHANTS, ST PAUL MINI
Grain and provisions bought und sold for casl
Cr1uture delivery.
any stock exchange in the country promptly exc
ent6d.
The Fluctuations I'm Detait,
ST. PAUL, March % Tho following quota
hOnsgiving the range OF the Chicago market
turing the day, were received by NJ. Dorau
commission merchant:
Wheat. Corn. Pork.
Time. -- --
My Jne Ny Jne May. June
- = =
sat. close. s2% sa}4 as9s $3.50 8 20 ~
Opening. 81 S35s 3S55 3s9< Q so 81
$40 A. NJ. SIS c39s 1875 $50 8 70 9 So
$3.50 . 500 S22sI 1879 $50 975 8 SO