St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-05
WHEAT STANDS STILL.
Chicago Trading Very Dull
and Confined to Profess
SIGNALS.
Quoted Prices We're I'm
steady, With Very Sharp
Fluctuations.
Cereals Unchanged at Close,
but Hog Products Are
Lower.
Some Substantial Advances
Made on the New York
Stock Market.

CHICAGO, March 4-Wheat opened firm and
higher this morning but weakened after
time and after number of rather sharp
fluctuations closed without change compared
with yesterday. The foreign news was very
generally bullish. Strong cables were re-
ceived from both English and continental
markets and higher quotations were made;
this in the face of the weak closing here,
was regarded as quite encouraging and slim
ulated the buying. Crop damage reports
from France were again plenty and the news
of the character received yesterday seemed
10 be confirmed.
Cold, unfavorable weather was also re-
ported IN Great Britain and Holland. A
Paris cable said: 'Frosts continue. Severe
damage to wheat: some parts onethird the
crop" One from Antwerp said: Weather
cold; has severely damaged wheat CROP"
Mcintyre and Wardwell wired from New
York that there was good buying thsre on
foreign account, and that all tenders of wheat
made last night were accepted. This fact
contributed not little to the confident feel
ing which prevailed.
The weather i'll this country was seasonal
BILE and the movement on a fairly liberal
scale, especially in the Northwest, where an
immense amount is-statistically, at least
waiting shipment but these facts were not
potent in the making OF prices Trade was
rather dull as rule and largely confined TO
the professionals, the general public still
holding off, There was some good buying at
the start by Schwartz-Dupee, Logan, Mil
mine Rodman, Brosseau and others. May
opened at 9J340p0l Ssc against 9Gl2c at the close
yesterday. and advanced to 9lAc.
But at this point the selling became free,
partly in the way of realizing and partly
pulling out short Ines and there was sea-
son of weakness, the price dropping SEC. or to
3t5Bc. Partridge was the principal seller,
though BigeloW was understood 10 have mar
keted a considerable line for San Francisco
account But after this selling was over
there was better tone, and May reacted to
9lAc, during most OF the last hour on con-
tnued bullish foreign weather cables. which
started shorts to covering; but near the close
renewed selling weakened prices, and the
close was at 90Ac.
Corn was quiet but rather strong ana $50
lac higher The receipts were less than eX
pected, and the weather was unfavorable:
the country roads in bad cOndltlon ana
lighter arrivals looked for. There was
that over 100000 blu were taken at the sea-
board yesterday for export helped to cause
the firmness. The fluctuations. however.
were extremely narrow. and the close was UNI
changed compared with Yesterday.
Oats were steady, f1uctuating within 18c
range and closing 1sc higher.
Hog products opened firm at yesterdays
closing prices. Lard and ribs were steady,
closing slightly lower. Pork advanced for
ened owing to lack of demand, and closed
with a loss of 1l2c.
Estimated receipts for tomorrow: Wheat,
140 cars; corn, 20 cars; OATS Ito cars; hogs,
10000 head.
The leading futures ranged as follows: