St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-17
MAY WHEAT BULGES.
Heavy Firms Find Them
selves on Both Sides OF
the Market.
Ryan. Durham and Driver a
Trio of Heavy Buyers Of
the Cereal.
Corn Flighty and Trading in
That Commodity Quite
Narrow.
The Usual Stagnation in the
General List Along Wall
Street.

C1lcAs1. March 10. All OF th' early indI-
cations were for lower prices for wheat tne
iuj aauoaS held good for some time. bug he
maIe.t finally improved Sharply. The early
scli = hll been 0Vagdone- There was
or-i liue spa"t UpRa-d az the outset which
wis ,fie tg the higher prices prefaiIag [
I.iE.--pnnl Tb" squirt was soon over. anO
Values weak because OF receipts. aud be
ca.-.. of decline iu Frcucn reulcs The de-
c-ls. in the latter securities, IL was thought
vcrtaot saturday, reports of hnauciaI
lroa bic. Later il was found that the lower
oUpi1tiou was due 90 In. fact that the inter-
esL htj no-u deducted. ana that values Of
Routes were really higher than on saturday.
This nas therefore turned into DUlIiSh
ai-.ti.u' hen u became known that
Ihe.. .sa> n respectabe decrease il the
N.~iaI- ~aap.y. th9t the country elevator
htaso~ northwest had decreased visiDly.
aua line c1ut support sellers were
au>ip;.- ro get out there was quite Il lille ad-
vance al values Mas wheat opened at Sl0l.
so.iJo Si.eiha Loi4s, of 10 $l.00l2 and then
hu.... tu SI0lla. Official closing cables
.Hpt.d Paris and Berlin lower and caused
r-ar..la here 90 : 00Is foi May Foreigners
He'- Tree sellers OF JHly wheat ia New ork.
Ila I.-e Hrus here seemed to have scalp
lu- ouiois early as they were GA both sides
ui Iuc market al various lines. During the
uc'- iu prices Ryan bought 100000 bu and
neaH.u ANA Driver eacn bought about half
rlaI aaIuuul. The London cores pOndeut of
Eruuau hopkins K Co. writes as fellows.
7ilGCt dalc of March ~ heat markets
strong und advancing, The advance beng
1uure conspicuous in forward cargoes than in
>nul wheat. as milierS only pay advances
u~.-J when forced 10 DUy- There are con
Jnres aIu increased reports of damage on
lne continent from holland. Belgium
500" parts of Germany Fears are also
cGfrttHucu of damage having been
caused bon the severe frosts IN Bulgaria and
R e~ia. Qua those we receive with doubts
'It.- reports from SPAIN are very bad, those
-lom iralv and Hungary very good. OF
course thc damage done in France IS OF most
Importance Tho minimum required TO be
lc~cr'icd l. .t5A,Gt0 acres which Is about ~
l'ot cent of the total. he seed for this
sIuulut WoUiu seriously eucrOach 1H the
-pr.I.u wheat already bought. ard there IS
l3cal r>E Of spring SoWings IN France not
coming 10 maturity some OF The reploWed
lands UI! be sOWn III other crOps-barley and
bcrt~. Victoria crop turns out bumper
Possibly l0C0D000 bu for export" Corn was
1ii9hty = ie t-ade was quite narrow. IL was
ana easy matter 10 advance values rs few
cait,i lo go short of the market This was.
OF f.Ur~C. taken advantage of. Bartlett
Ilucr- vino claimed that they had sold
nIotr com TO New England points than at
au1 time ion five months attempted 10 buy
iltlir MAY. There was none for sale. The
1ns kct which was previously inclined to
drag. made % sharp jump upward May
stated AT s1tsr sold TO 6058c 10 6-i 1c. and
Ua>,u back tO &c. OatS followed corn. May
started 40 5G5sc sold 30 jGss and up TO 5Ii4c.
'fuu market was quite nervous Provisions
5iurruHteu iu lively manner over an ex-
tlcintiy V ide Ianec. All of this range was
upward from The opening figure. Sellers
sotc Umid Hud shorts were irving 10 buy
lcucNer values were advancing. but the
Ira.H- 5tl .arge raa quickly from liberal offer
rne- OF plodncL MAY pork started AT 5iO55.
>ula to , u. - on 10 SlL05, up to Stl.i5 and
af lcf4r. fhcctUsc 10 StLI5. Mccormick &
'u. started tuc early bulge by liberal pur-
cn.-Cs around Slo.W. Lard and ribs We're Us
Stiuag relatively as pork.
The ieadlug futnges ranged as follows