St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-04
WHEAT LOST HALF A CENT
LARcE northwestern RECEIPTS
AND EASY CABLES The CAUSE.
STOCK mARKEr WAS STRONG
Speculation Was Light ard With
ont Any Important Feature
Little Buying for Long Ac-
count from London The
Greatest Advance Was Made
in Sugar.

CHICAGO. March S.-Wbeat was strong
AT the start, but weakened and closed
&c lower May. The prospects of cold
wave caused buying e. the opening. but
1t was met by free sales This and
larger Northwestern receipts, easier
cables and the mild and balIny weather.
with continuation of the selling.
caused re decline, May closing at the
bottom. May corn is 55e lower. and
May oats sc lower, but provisions re-
fused TO share in the weakness of the
grain markets. and closed higher all
around May wheat, which closed yes
terday at 60c bid. started at 90 &c on the
prospects of a cold wave, but. after
some active trading at from that
10 6O-sc tor few minutes.
1t started on decline which
lasted during the first hour and had by
that time worked sc OF the opening
ngures, 5954c becoming current for a
moment or two before any noteworthy
Tally occurred. The very liberal eX-
ports OF the week, amounting 10 2,9T2,-
Oo6 IN wheat anu -four from both coasts
Gid not have any more than very tran
STORY effect upon the wheat market at
The opening. The weather is of the
most promising character now, what
ever IL may have in store for the future
ana the foreign markets still withheld
encouragement TO shippers. Liverpool
was quoted quiet at Ia decline in the
price of futures. The Northwestern
receipts were, from a bulls point.
diScOuragingIy liberal. Minneapolis
reporting PCS cars ana Du-
Iuth 81. or 3G2 ia all. 4 year
ago these two places reported
3o4 cars. Chicago received only 10 cars.
compared with POI last year. New York
wired that foreigners were sellers of
wheat there al the opening, and here
Schwartz, Dupee IL Co. and other pFi-
vate wire houses were loaded with SELL
ing orders frum outside. ana sWamDed
the people III unloading them. who were
provided with orders to buy. w. R.
Linn let 90 freely, and among the local
crowd the decline which followed q
slight frmness al the opening was
called "a Linn break" Trading was
lively for half all hour. After recover
ing TO 595sc on little burning, there
was return OF weakness. and on The
next slump there were plenty OF sellers
al 5955c, with some transactions at I-l6c
less. The closing quotation was al the
bottom figures OF the day.
In corn there was very moderate
trade. no noteworthy transactions &C.
curing outside OF fairly good buying by
che OF the houses which sold cutie
freely On yesterdays advance. An
easter feeling prevailed and prices
ruled lower. The receipts today were
large and The weather fine, and liberal
arrivals are expected Monday and
Tuesday, which. together with the ae-
a ~ 10
4@%5c from The opening figure, the
market afterwards raliying fraction
and closed WIKI May but a from the
bottom.
There was an easier feeling in oats
with a moderate trade. The deciir@ Of
3 g14c was due chiefly 10 symp
with wheat and corn, as the pressure
10 sell WAS Rot large. May closed at
the bottom figures of the day.
Provisions opened strong ana higher
for pork and ribs, ana steady and I'M
changed Tor lard on q much lighter run
OF live hogs al the yards than estimated.
The weakness developed in wheat
caused decline. with the gain at the
opening lost. 1t was also contributed
10 GA some selling of pork 10y enc of the
packing Institutions. and the unloading
OF some long" stuff by HelmholZ. 4
steady feeling subsequently prevailed
on little support being accorded to the
presumably IN the interest OF
The packing company, but there was
very little trading. 4 little easiness
was developed shortly before the end of
the session, The market closing steady.
however, for pork and lard and firm for
ribs. Compared with last night, May
pork is CSC higher. May lard 21sc
higher. and May ribs re higher.
Estimated receipts for Monday:
Wheat, 50 cars: cora, $50 cars: oats, go
cars: hogs. -. 0G0 head.
The leading futures ranged as follows: