St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-22
LOOKS LIKE BUSINESS.
HAY and June Wheat Close Three and
Two Cents Higher Respectively.
MAY ESPECIALLY ACTIVE.
Securities Also Exhibit Some Life, Clos
ing Generally igher---ProVisions,
Oil, Dry Goods.
Special to the Globe.

Special to the Globe.
CHICAGO, ILL.,, March 21.-Wheat was
active to-day within 215c range and
closed Sc higher than yesterday for May
and &c higher for June. The action
was due largely to manipulation and
partly to natural causes. A published
story about 20.000,000 blu Of wheat being
held here by few houses. while not
believed, had an effect on the nervous
shorts. The weather statistics, posted
conspicuously, showed that precipita-
ton in the wheat belt and in the whole
country is far short OF the average at
this season and that this will, in time,
affect the growing crops. Another item
in the influence on the bull side
was the 207, 900 bu clearances of wheat
and flour from Atlantic ports. But
more than all these was the fear of the
clique who, the shorts fear, have the
market cornered. The first alarm was
given when May opened 1c over the
closing price last night, with Schwartz,
Dupee, Mcdonald and others vigorous
buyers. The shorts fell over each other
trying to get in. Prices started up hard
and fast. May went to 9S1sc before
there was any wheat for sale. Some
dumping by Hutchinson caused tenn
porary break, but the shorts were not
satisfied, and the price started towards
81. Between $3.50 and $3.50 Fairbank.
Hutchinson, Bloom and other longs let
go of large quantities of long stuff.
The bulge continued till S1.C01S was
touched. Here the offerings caused a
ahnal- and thnrn q reaction fn
$3.50. Toward the close the market be-
came less active. The close was fairly
firm at rally from the last quoted
figures. June ranged between $3.50
9415c, and July S6150S715c. Receipts
were SO cars. Corn was without special
feature, but showed fair strength early.
Receipts were 347 cars, with 81 cars of
No. grade. Through shipments we're
lis cars. Oats were steady and feature
less. Shorts braced the market early,
but it soon fell back TO the old figures.
Receipts, 100 cars. The action in pro-
visions to day consisted of a firm open
ing at higher prices, and fairly good
bulge in ribs and pork, and a reaction
to points below last nights figures.
THE DAYS TRADING.
SifiCA0O, d. lie Wne1G
market developed more life and anima-
ton to-day, and trading was active, cen
tering principally in May. The feeling
was nervous and unsettled, and for May
delivery prices scored sharp advance.
while the more deferred futures fol-
lowed only to slight extent. Nav
opened 1@114c higher and advanced
with some fluctuations 215c, declined
1zSc, rallied firm and closed about Sc
higher than yesterday. June advanced
&c and closed &c higher. July advanced
1c, declined &c, recovered some and
closed about }5c higher than
''bearish'' of late, and the market no
doubt was an Oversold one. Yester-
day there were symptoms of tighten
ing of the market, and to-day when
shorts undertook to cover they found
but little wheat for sale. Active COW
ering caused the advance. but at the
top there was more disposition to real
ize, and the offerings became heavy
enough to cause the reaction noted.
Corn Cor ruled comparatively quiet most of
the session, though at times exhibited
moderate activity. The prevailing feel
ing was one of SteadineSs, with occa
slonal periods of temporary firmneSs.
The market opened shade higher than
the closing prices of yesterday, fluc-
tuated within ]8914c range, and closed
about the same as yesterday. In
oats stronger feeling developed,
due to the sharp advance in wheat.
Offerings at the start were small,
and prices easily advanced 14c The
appreciation brought out liberal num-
Der of sellers, but as the eager BUYERS
had been filled up, and no new orders
arrived. weaker feeling developed and
all of the advance was lost. Rather an
active business was transacted in pork
early in the day and prices ruled some
what irregular. Prices were l215(015c
higher than the closing figures of yes
terday. Later the market ruled easier
and prices receded 221a@25c. and the
market closed rather tame at about me-
dunn figures. Lard and short ribs
followed the same general course.
PRICES FOR THE DAY.
The leading futures ranged as follows:
Wheat-No. 2, May, opened at 973Ic.
closing at $500: June, 93c. closing at
94119c; July, S614c, closing at S615c: year.
S04c, closing at soc. Corn-No. 2, April.
closed at 3419c; May, 35ssc, closing at
Sessc; June, 353gc, closing at 353Sc.
oats No. 2, May opened at 255Sc,
closing at 255sc; June, 251lc. clos
ing at 25Ac; July, 25c.. closing at 25c.
Mess Pork (per bblJ-Mav opened at
$3.50, closing at 1920; June.
s 81 q closing at sI2.26; July,
$3.50, closing at S12.3215. Lard (per 100
lbs)-May opened at S6.97115, closing at
S6.R15; June, S7,closing at $6.971S: July,
S7.O71a. closing al S7.0215. Short Ribs
(per 100 lbs)-May opened at $3.50, clos
ing at $500; June, $685., closing at
s6.25; July, $685., closing at $3.50.
Cash quotations were as follows: Flour
dull and unchanged. Wheat No. Q
spring, 9711a097$lc; No. spring, none;
No. 2 red, 971@(097%c. Corn2No. q
43c. BarleY-No. 2, none. Flax Seed
No. /, $3.50. Timothy Seed-Prime.
s1.45@1.46. Mess pork, per bbl. Sl2.15
@l220: Lard, per 100 lbs. $3.50. Short
ribs sides, Qoose), So 10000. Shoulders
Dry salted, (boxedD. s5.5O@5.75.
Sides-Short clear, (boxed), S6.5O.@
6.6272. Whisky-Distillers' finished
goods, per gal. S1.O3. Sugar un-
changed. Receipts-FIour, II, coo bbls:
wheat, $4,000 bu; corn. $4,000 bu:
oats, 10000 bn; rye, 5000 bu; barley.
$4,000 bu. Shipments = Flour, 1000
bblS; wheat, II 900 bu; corn. 81, 900 bu:
oats. $4,000 bu; rye, 1000 bu; barley.
10000 bu. On the produce exchange to-
day the butter market was easy and
unchanged. Eggs weak at 1l15@i2c.
r. M. NEWPORT & SON,
Eruoc}oapf pn,L...