St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-04
Dull DAY ON CHANGE
Neither Bulls Nor Bears in
Wheat Make a Great Deal
Of Roadway.
The Latter, However, Are Fa-
vored With the Most Fa-
vOrable News.
The Sealping Fraternity Sell
Wheat Freely All
Around.
Wall Street Makes a Languid
Effort Toward Reeuper-
alton.

CHICAGO, March Sit was dull day on the
board. Neither bulls nor bears in wheat
were able to make great deal of Roadway.
The latter were favored with most of the
news; the former had a little the best of the
early fluctuations The trade was deluged
with bearish points at the outset. Receipts
here and northwest were heavy. There was
despite last weeks light shipments from In
dian and American ports, an increase of
900 bu wheat and flour as wheat on ocean
passage. There was a generous snowfall all
over the winter wheat country. ST. Louis
wired that receipts of wheat and corn from
the country were increasing. The Liverpool
market was dull aud barely steady
and the government crop bulletin
for February said that the condition
of the winter wheat was good. In addition
to all of these influences was the announce
ment that the four leading Atlantic ports
had cleared but 5000 bu wheat and p, 900
packages flour yesterday. The scalping fra
ternity sold wheat freely Mt the outset but it
was taken on by Hutchinson, Partridge,
NortonW orthington and Linblom. This
buying ultimately bailed out the smaller
sellers and caused a buying stampede among
them. This. however. did not last long. The
offerings Oh every prospect or a rise were
excellent The trade was made trifie nerv-
Gus by reiterations from various quarters
by a syndicate. Milwaukee dispatches
! said there were evidences of a con
centration' in May wheat i'll Chicago.
Like ali rumOrs of this description. the eff
| feet proved ultimately to be the opposite
| from what its originators intended. May
| wheat started out at 9114c, sold to 967s097c.
| up TO 97l2c, and by 1880 was off TO $3.50
! 967sc. Several little combinations of scalpers
! who sold wheat short at the outset bought it
| back during the bulge that followed The
! amount of business transacted for outside
| account was lacking in interesting features.
! The demand for wheat below 97c for MAY
was quite good to the close. The corn men
succeeded IN creating quite little boom in
their grain. Local receipts were more than
the trade anticipated, aud there was more
than the usual quantity of contract grain
among them. This served to in-
duce many outsiders to sell corn,
but the local bulls very quickly
punished them for their recklessness. May
| started at 55s4c and was doomed up 10 56l2c
before the early sellers had succeeded III get
ting back the property sold earlier. After
| their wants had been satisfied, May sold off
to 55lsc. Oats were as strong relatively as
| corn, but the trading was limited. Receipts
| of hogs at the yards were 4C0) head less than
| packers expected. This, with the strength
in corn, started quite number OF small
shorts buying and advanced values mate
/ rally. May pork started at $40 and sold TO
/ S10.G7l2@I0 10. Offerings at the advance
were quite liberal, and the demand having
! suddenly fallen off broke to S9.S7I2619 90.
Lard and ribs followed the fluctuations in
| pork.
Cash quotations were as follows: Flour
firm, unchanged. Whcat-No. , spring. 945s
@e)47bc; No 3 spring. SS093c; No. 2 red. 96@
&c Corn-No. ,, 54a4c Oats-No. 2, 4714@l
41&sc. Rye-No. 2, Soc Flaxsee Cd No; ],
Pork-Mess. per Dbl, S9.55@96O. Lard-Per
100 lbs, S5.63I2. Short Ribs-Sides, loose,
S46O0470 Dry Sailed Shoulders-Boxed,
S4@4lO. Short Clear Sides-Boxed, S4S3@
| Il Eraich Nd dc vat
gal. 81 IA Sugars-Cut, Loaf, unchanged
0ats-No.2 white, 7l2@4sl2c; No. 3 white,