St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-28

CHICAGO, March 27.-The frost dam
age to wheat was again the principal
factor in that market. but its probable
extent was so belittled that the price at
the close was about &c lower than on
the previous afternoon. Corn was firm,
oats and provisions strong. The first
gained 1sc, oats 1ac, and pork and lard
1715c each.
Wheat started easy and without ami
nation at about &c below the previous
days closing price. The same disbelief
In the power of heavy frost to kill
wheat in its growing stage as was ex-
pressed by a majority of the traders
yesterday was again land more emphat-
lcally asserted this morning. Discussion
upon the subject continued to be quite
general during the many bull intervals
III the session, but the only conclu-
sion arrived at by both parties
was that it would be necessary TO
walt two or three weeks for confirmation
of either side of the argument. Dis
patches from all points of the winter
wheat growing country were numerous.
put were no more i'll accord as TO dam
age or the reverse than were the Opin-
ions of the operators OH the board of
trade. The receipts here and I'D the
Northwest were rather larger than OH
The day before, and itappeared that this
country and Canada are Still supplying
the importing countries with more than
one-half of all they are willing 10 take
A report from st. Louis. to the effect
that 2O0, 900 bushels OF wheat had been
worked for export from there, was the
first matter that created slight revival
of confidence in the market.
The closing cables brought somewhat
higher quotations from the continent,
with Liverpool about as before, but
wheat acted weak. and declined to 5S3s
05S1ac. its previous lowest point, clos
ing at 5S19c.
The corn market was inclined to be
weak early in the session on account of
the same feeling prevailing in wheat at
that time. 1t became irmer later Oh
some reported sales for export and on
the estimate of only 100 carloads for
tomorrow. The receipts today were 2O2
cars. The Liverpool market was quoted
trmer at about 3zd advance, and the
amount reported on ocean passage was
10000 bushels Smaller than on week
ago. The export sales alluded to were
two small cargOeS OF No. corn at
cents in store under May price of No. 2.
CarrlngtOn Hannah were the sellers and
Jrwin-Green the buyers. and the ship
mentS are TO 20 via the ST. Lawrence
river to Kingston.
There was GOOD business transacted
in oats. The crowd in general was of
fering freely, and the shorts, headed bv
Patten Bros, bought quite freely.
Champlin was also good buyer. Trad
ing was only active at times, bar, taken
considerable stuff changed
hands. Prices were firmer, opening
about steady and gradually advancing,
closing at the top prices of the day. The
stock Of contract oats in store showed a
slight increase this week, but were
nevertheless still very light. and this
had considerable TO do with Influencing
shorts to buy.
The provision market ruled strong at
improved prices. The position of the
deal in lard was regarded as very bull
ISh feature OF the present situation, and
the comparatively small stock OF meals
and the good cOnsumptive demand at
present price were pointed 10 as an
other.
Estimated receipts for tomorrow:
Wheat, % cars: corn, 100 cars; oats, ia
cars: hogs. $4,000.
The leading futures ranged as follows: