St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-03
Fair Activity at Chicago, the
Prices Ruling Somewhat
Higher. :.
Unfavorable Weather in the
Winter Wheat Belt Added
Strength.
Sharp Fluctuations Occurred
and Changes in Figures
Are Small.
A Traders Market at New
York, With Favorable
Indications.

CHICAGO March 2.-Wheat was fairly act.
i've today. but the market was somewhat IN
settled. though prices ruled higher than on.
yesterday with sharp fluctuations. Gables
reported the English markets stronger and
somewhat higher, ana domestic markets all
seemed to be doing better at the outset The
weather, too. was regarded as anything but
favorable for the growing crops of winter
wheat Freezing and thawing and a good
many crop damage dispatches were received.
an unusual number coming from Michigan
The government weather crop report was
also bullish feature. 1t pointed out that
the past month had been trying one on the
wheat plant but whether 1T had caused seri-
Gus damage by freezing and thawing re-
NAMED to be determined during the present
month-always a critical one for winter
wheat. This inclined sellers generally to
conservatism.
The weather all over the Northwest was
mild. but in England it was reported cold
and unfavorable. The receipts both here
and in the Northwest showed falling off,
On the whole the position was looked on
as rather bullish. and, as New York was q
good buyer, the market was firm, with an up.
ward tendency. Logan, Mitchell and Mil
mine-Bodman were the leading buyers and
shorts covered with considerable freedom
Under this demand May, which opened sSc
higher at 90l2c, advanced gradually to 91c
The advance was stimulated by the good
shipping demand at the seaboard the At
lantic ports and New Orleans having cleared
500, 900 hu of wheat and $4,000 pkgs of -four
1t was also rumored that Boyden IL Co
had worked round lot of wheat and that
there was more wanted. But late private
cables came in easier, especially from the
continent, and Kansas and Missouri dis
patches said crop prospects i'll those states
were splendid and the reported working OF a
round lot OF wheat was cOntradicted by
Borden. Then came .Bradstreets report of
thu available supply. showing net decrease
in the available supply of only $4,000 blu ON
both coasts, east of the Rocky mountains
showing an increase Of 100000 bu With
these statistics in hand. the opportunity for
early buyers, assisted by Partridge, began
to offer freely, with the result
that the market broke to 9O1sc.
Their object accomplished, the sellers
began to buy again, and, assisted by heavy
buying for New York account decidedly
better late cables and crop damage reports
from France. the market became very strong,
advancing to 91Ac, and closed steady at
9llBc.
Corn started strong on small receipts-only
1873 cars-and firmness in wheat. Shorts were
uneasy and covered freely. sending prices
up some, as there was apparently very little
for sale. Later on the break in wheat. the
feeling. softened considerably, demand fell
off and the offerings increased, prices de-
clined somewhat, but firmed up again with
wheat toward the close. May opened lsc
higher at 4234c, advanced to 427Bc. declined
to 42sRc, and closed steady at 1885,
Oats were quiet and steady. and closed
without change.
Hog products were generally weak and
lower. Hogs at the yards were easier, and
the stocks were larger than expected, and
there was free selling.
The offerings were led by Allerton, Bald.
win, Farnum. Logan, the Anglo American
company and Helmholz. May pork expert
enced a decline of 15c compared with yester-
day. but recovered all except sc of it. Lard
and ribs were steady.
Estimated receipts for tomorrow: Wheat,
$50 cars; corn, POS cars; oats, 1872 cars; hogs,
28,000 IL AI4iHh me-
The leading futures ranged as follows.