St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-04
SLIGHT BULGE IN WHEAT.
4 Larne Business Transacted and Ali
the Offerings Are Ah-
sorbed.
Bulls Manage to Porce the Price
Of Weeat Up Nearly a
Point.
Financial Operations Of the Money
Kings--.The General Quo
tatiOns.

CHICAGO, March 3.-There was very
broad and very strong market in
wheat to-day. The bears made Opposi-
ton early and even broke the price NC
from the opening. Mr.. Hutchinson and
Mr.. Pardridge were both free sellers.
For a time it looked as if the gain of
about 2 cents made in the market last
week was TO be wiped out. A rally of
the buying forces and some good bull
| news prevented this, and before noon
the tables were completely turned. Mr..
hutchinson not only stopped selling
but pulled out of the pit. while Par
bridge ceased to fight the advance and
fastened to cover wheat through brOk-
ers. The market in fact marched over
all opposition and went up to within a
bare fraction of soc for May in way
that made the shorts catch for breath.
The action in May was: Opened
at 1890, sold at 7S1ac, and
after hard fight around 1880
and 7S7Sc OIL the rally passed roc and
gained strength each fraction as it went
up till 7915c was touched. There was a
breathing spell and little easing of the
market to 1850 at one o'clock Oh real
izing sales by those who wished to take
profits. June sold at 7915@794c, and
July 76$l@77M at the same time. The
first big buying Of the day was by
Schwartz-Dupee and later credited to
Bloom. Then Durham q Co. and +. B.
Wear were free buyers. Later Geddes
and William Dunn were buyers on
orders from London, Liverpool and
other foreign markets. After roc was
reached on the advance Fowler and
Sterling took wheat furiously, and it
was credited to Cudahy, G. A. MAR and
Logan & Co., joined by the buying forces
above zoe also. Other big buyers
were Baker and JOnes-Kennett. The
visible supply of wheat decrease for the
week was $4,000 bushels. New York
decreased its stock $4,000 bushel, and
its stock of No. 2 red decreased 100000
bushels. Liverpool cables were strong
and I'D higher early, and closed strong
er and I'D higher. Export clearances
of wheat at three Atlantic ports reached
l22,O0o busneis. Minneapolis reported
an export business in -four, and wired
that stocks in country elevators had de-
creased 1,350,O00 for February. The
wheat market held steady at the close
at 1890 for May, or 1c over the bottom
price of the morning. The receipts TO-
day were 26 cars wheat, 307
cars corn and 1877 cars oats.
Shipments-Wheat, 10,906 bushels;
corn. 192.755 bushels; oats, 222, 4S5 bu.
The visible supply shows decrease of
$4,000 bu in oats. Corn increased no.
600 bu. Corn was fairly active, ranged
generally higher and closed a shade
higher than Saturday. Oats were dull
and steady early, with very little dispo-
sition to trade. But when other grains
advanced, oats followed and closed 1st@
s6c higher for the nearer futures. Pro-
visions started dull, but improved and
closed 5@l0c higher. Steever was
pretty liberal buyer of ribs, ana the
Anglo-American company took consid-
cradle lard. Hutchinson and Cudahy
sold some pork, but they were not ag-
gressive bears. The stocks of provi-
sions show $4,000 bbls pork. $4,000 ties
ard and 80 100000 lbs, short ribs.
The leading futures ranged as follows: