St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-15
WHEATL0SES HEAVILY
Yesterdays Close a Cent and
a Fraction Lower Than
Saturday.
Partridge Had Plenty Of 1t
for Sale at Opportune q
Moments. r
Corn, Oats and Hog Products
Slid Down in Sympathy
With Wheat.
Interest in New York Market
Confined to a Few Active
Stocks.

CHICAGO March 14.-Wheat was rather firm
in the early trading, but the market broke
later, becoming very weak and closing SO
with loss of 1lsc compared with Saturday S
last figures The early firmuess was due TO
the better prices al Liverpool and cold wave
which covered most of the wheat belt, West
and Southwest This was about all there
was in the way of news for considerable
time, and, as domestic markets generally
showed an advancing tendency. the local
feeling was for time rather bullish. There
was every prospect of decrease in the vlsl-
BILE supply. and very little selling pressure,
while shorts showed a disposition to cover
and secure profits or protect themselves
against possible loss.
Partridge however. had plenty of wheat
for sale on all the firm spots, and Lester also
sold generously. while Logan, Baldwin q
Farnum and Milmine- Rodman, acting pre-
sumably for New York parties, were also
rather free sellers.
Late continental cables, however. came in
weak, and warmer weather being reported as
probable the demand fell off and the selling
became more liberal. The export movement
from New York was light. only 400 bu of
wheat and 1908 bbls of -four. Under these
influences the market became weak and
sagged off materially. On this break some
of the short sellers on the early market began
to take profits. both Partridge and Lester
covering literally, and there was some re-
action. The decrease OF 13o, 0OU blu III the
visible supply and a late able quoting Paris
higher on continued cold weather also helped
the market some and there was a slight re-
action.
Just before noon however, there seemed
to be general rush to sell, which quickly
broke the price cent from the top figure
early. This was attributed to statement
that the worlds shipments for European
countries for the past week were eco bu.
against 5I600O0 blu the preceding week, and
5.700.00J bu two weeks ago. DanCbian, In
dian and Austrian shipments were heavier.
The shipments as reported exceed estimated
requirements Fears of anticipation legisla-
ton by congress this week was also weak
ening factor and the feeling continued to
the close. May opened at S7l2@1Ta4c, against
S7s8c at the close Saturday, sold to Ssc, broke
to SLICE. rallied to S734c, broke to SIC. adj
vanced to S1l2c, dropped to S6$4c, rallied to
SIC, broke 10 and closed weak at S6Hc.
Corn was quiet and steady, but with the
feeling rather weak. The situation contin-
ues TO be regarded as bearish. and there were
free offerings of long property and some
short selling. the buying being mostly to
cover snort sales and secure profits. Cables
were weaker. and as the day progressed the
weakness in wheat was sympathetlcally felt.
May opened Ac lower at 4CSBc with imma-
terial rallies, sold down to and closed at
3)78c.
Oats sympathized closely with corn and
on a quiet market, closed l2c lower at 29l8c
for May.
Hog products were decidedly weak and
lower. The receipts of hogs were 1000 head
more than expected ana prices at the yards
were @l5c lower This started free selling,
and May pork fell from SlG.7 712 early to
$40. SIZE, reacted some but weakened again,
but going to $50. 52Ie and closing at Sl0.55,
against Sl0.SiL2 at the close on Saturday.
Lard closed 10c lower and ribs are 15c off.
Estimated receipts for tomorrow: Wheat
225 cars: corn. $50 cars; oats, 165 cars; hogs,
81 600 head.
The leading futures ranged as follows: