St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-14
THE BULLS FEEL BETTER.
Eay Wheat Shows Considerable Strength
Throughout the Session.
SOME LIFE IN PROVISIONS.
Nothing Unusual Noted in The Leading
Securities---Prices and Trans
actions.

EDSCiSl " llS blopS.
CHICAGO, March 1S.-The wheat mar
ket showed much activity and some
strength during the greater part of the
session. The lines were not as clearly
drawn on the leading operators as on
Tuesday. The short interest was suffi-
cient to cause a nervous and higher
opening. The action was principally in
May, but each day finds the trade drift
ing more into the deferred futures. The
opening in May was anywhere from 90
to $3.50. with bulge to $500 in an in
slant. This was followed by wild eff
fort to sell for a few minutes, the crowd
taking the cry from offerings by Jones Il
Kenneth and Schwartz IL Dupee, as on
yesterday. The reaction ceased at
966c, and prices again turned
upward. There was a slow rally to
961lc. and as the buying forbes
increased, and the houses ab0ve-named
turned from the selling to the buying
side, there was quick bulge of about
1c TO 973s09I3lc, with but little wheat
for sale apparently. After II o'clock
May settled back gradually to 96]Sc
again, and the pit became less agitated.
There was talk of buying of May for
Kent, which helped the advance. Poole
was also conspicuous as buyer. Colder
weather indications in the Northwest
helped to sustain prices. In July the
price started at size, went the S1$Ic. to
size, to SSc. to S71gc. Linn was the
best seller, while Norton IL Worthing-
ton, Murray Nelson. Helmholz and
others bought freely. Receipts were
81 cars. Every car OF No. . Oh the in
spectiOn sheet was on special track.
Export clearances were next to nothing
from Atlantic ports. The strength
returned to wheat the last hour of
the session. The buying by those who
sold heavily yesterday was the principal
feature. Corn was fairly active aid
stronger; receipts, 3GS cars. Oats were
quiet and tritie weak. The small bulge
in prices at the opening was attributed
to few shorts who were unable to
cover yesterday. There we're more sell
lers than buyers all day, but nobody
seemed anxious to do business. The
receipts for to-day were 80 cars. 1t was
the bulls turn in the provision pit this
morning and they improved it. The
best strength of the day developed early
and advances were more than lost be-
fore midday. Following the better
feeling of Yesterday, short ribs opened
firm and 711ac higher at S6.45 for May.
This was the highest point of the day,
and after declining to $3.50 to close. was
at S6.3215, or &c lower than yesterday.
May lard opened at S7.0715, touched
$40, and closed S7.0215, Or 215c lower.
Mess pork was active and started at
$3.50 for May, advanced to S12.6215,
broke back to 1920, zoe under last
night. and after selling again at Sl2.3219,
closed at S12.2715.
THE DAYS'S TRADING.
CHICAGO, March 13.-rhere was a
fair trade in wheat to-day, and the mar
ket ruled stronger, with prices some
what higher than the closing quotations
of yesterday. May opened from 3 C to 1c
higher, advanced 1c more, declined
Ike, ruled stronger. closing about 15Sc
higher than yesterday. July opened
5s@Tc higher, receded &c. and then
advanced lc. closing PC higher than
yesterday. 1t was again what might
be termed local market. There was
less offered. and parties who were
sellers yesterday were credited with
dong the buying to-day. Covering of
short sales comprised the bulk of the
trading. This accounted for the firm
ness, assisted some by the impression
that after all, the principal bull
traders may not have sold out their
holdings. A fair degree of speculative
activity was witnessed in corn during
the early part of the session, and the
feeling displayed was quite firm, later
becoming more easy. Opening sales
were at slight advances over the closing
prices of yesterday, and under good
demand, chiefly from "ShOrts," adj
vanced sc, eased off 14@38c. ruled firm,
closing 4@34c higher than yesterday.
Trading i'll oats was of local character.
The market opened firm, with fair
demand. and prices for May advanced
&c. After the urgent buyers had been
filled up, the demand Slackened. A
quieter feeling developed, and a recess
sion to almost opening figures followed
and the close was steady at &c over
yesterdays last sales. Trading was
quite active in pork, but the feeling was
unsettled and prices irregular. The
demand was quiet, and was quite active
early, and prices were advanced 20(0
2279c on the closing figures of yester-
day. Later the feeling was weak, offer
ings free, and prices receded 81 (040c,
with liberal trading at the decline.
Toward the close the market was
steadier, and prices improved 5@1oc
and closed rather quiet. In the early
trading lard adva need 215@5c, but sub
Sequenuy receded 50715c and closed
quiet. Short ribs we're unusually
active. Early sales were made at 300
Sc advance, but recession of 121%015c
followed. This was succeeded by an
advance of 214(05c and steady close.
PRICES FOR THE DAY.
The leading futures ranged as follows: :
Wheat-No. 9, March, opened at See,
1la nf aI1
974c: June, size, closing at 93115c: July,
size, closing at s7sc. Corn-No. 2
March closed at 3454c; May opened at
at 36c, closing at 361Sc; June, $3.50,
closing at 355sc. Oats-No. 2 Nav
opened at 252lc, closing at 255Sc: June,
255sc, closing at 255sc; July closed at
26c. Mess Pork (per bbl)-May opened at
$3.50, closing at Si2.2715; June, S12 62115s
closing at S12.3219: July, S1265, closing
at Sl2.3715. Lard per 100 lbs)-May
opened at S7.0715; June. S7.1219, closing
$.0719: July, $7.15. closing at S7.T7l5.
August, 500, closing at S7.15. Short
closing at $3.50: June, S6.4719, closing
at $3.50, July, $3.50, closing at SG.40.
Cash quotations were as follows. Flour
steady and unchanged. Wheat-No. 2
spring, 94$IGa95c; No. 3 spring, Ss@90c
No. 2 red, 94$l@95c. Corn-No. 2, 349lc.
Oats-No. 2, 24l1lc. Rye-No. 2, 43c.
Barley-No. 2, nominal. Flax Seed
No. /. S1.56. Timothy Seed-Prime,
$1.33. Mess pork, per Dbl, S12.25@12. 80.
Lard, per 100 lbs, S6.95@G.9715. Short
ribs sides, Goose, s6.25(06.30. Shout
ders-Dry salted, (boXcdl, $5.371a@5.50.
Sides Short clear, (boxed), S6.6219@
CTS. Whisky - DistilIers' finished
goods, per gal. $l.O3. Sugar-Cut loaf,
79l@S]]2c; granulated, rae; standard A,
77sc. sReceipts- Flour, $4,000 bblS;
wheat, $4,000 bu: corn. $4,000 bu;
oats, 100000 bu; rye. 5000 blu; barley,
50 lGA hI Shinrnnntc LlolI,. nnn