St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-03
WHEAT ON THE UP GRADE.
Foreign Advices Have a Tendency to
Stiffen the Backbones Of
Operators.
A Firm Feeling Developed and q
Clear Gain of Halt q
Point.
Financial Operations Of the Honey
Kings---The General Quo.
tati0ns.

CHICAGO, March 1.-The wheat mar
ket was naturally strong to-day. but
had to force by the opposition of the
bears. The market opened higher,
with May at 7s1ac, and at once touched
7SIc, and off to 1890. Then there was
a gathering Of bull strength without
any great individual buying, and be-
fore noon the price was advanced to
7SIc, &c over the close last night, and
fraction over the top price yesterday.
There was some bull news afloat. Liv-
erpool decreased it's st Ock $4,000 bu
for February, and closing cables gave
California wheat 1@1Sd dearer. New
York was firm, and prices at all
leading markets we re 4(@15c up.
The cold weather was bull
influence. Tennessee, Kentucky, Mis-
souri,, Ohio, Indiana and other states
showed temperature 10 to 20 degrees
below freezing. and the cold extended
far into the South. At Cairo, ILL.,, it
was II above zero and, if the reports
about jointed wheat are half true, the
crop must suffer damage. The absence
of clearances from Atlantic points, ex-
cept 5000 bushels out of Philadelphia,
worked against the advance. The
Northwest bought wheat in this market.
Brosseau was free buyer. The big
selling was by Partridge. The delivery
Of wheat this morning did not exceed
$4,000 bushels. Receipts here were 20
cars. There was regular contest be-
tween Hutchinson and Partridge for
the control of the wheat market at t he
close. Hutchinson bought all he could
get from 7S15 to 1874 cents. the closing
price, and practically routed the big
bear of the market, Partridge.
About 100 bu of cash wheat reported
taken here to-day at rs cents. The
corn market was fairly active to-day.
but prices were but little changed. The
deliveries this morning reached about
100000 bu. Receipts were quite moder-
ate, 24l cars. Shipments were 207,000
blu. Export elearances were about
100000 bu from Atlantic ports and $780,
600 bu from New Orleans. Four coast
ports for the week cleared the enormous
amount of 3.321,751 bu of corn. Re-
ceiptS and shipments at primary mar
kets to-day about equal. Armour was a
good buyer of corn at times. Oats re-
ceipts 80 cars. The market was affected
principally by the trading of Hutchin-
son. He sold early and broke :May
from 213sc to 81 cents. He bought
later and put May at the
close to 221lc. There was pretty free
trading early. Atlantic porls clesred
75s.OO0bu for the week. The provision
trade was little narrow, except for a
little action in mess pork. Hutchinson
was the buyer early, putting May pork
up to SOLO. Later he seld and the
close was at S10.05. Both lard and ribs
were firm and little higher early. but
changes were very slight. Deliveries
of March product this morning were
called: Mess pork, 1900 bbis; lard, 1,5C0
tons: short ribs, about 100000 lbs,
fully half OF the ribs being delivered
by the Chicago Packing company. Re-
ceipts of hogs for the month were $685.
600 at 232-lDs average Packing here to
date is 2,223,000 hogs against $4,000
last year.
The leading futures ranged as follows: