St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-01

The Tendency of the Market Was
in the Direction Of Higher
PrieeS-Atrong Closing, With
an Advance All Along the Line
london Buys ST. Paul, Atchi-
son and louisville
CHICAGO, March 31.-The mild weather
and reports from the country that wheat
had received no damage whatever from
the recent freeze caused wheat to rule
weak and 10 close 1593se lower than it
did yesterday. The corn aud oats mar
ket were extremely dull and inclined to
weakness. The provisions were weak.
without any waYering of that feeling.
Wheat opened strong, but not very
active, at from 6l;sc TO Gle for May.
The local crowd had at those prices had
a great many tens and fiyeS of long
wheat. with from 1928 to So. 81 profit.
and that on the bull side of the market
proved too strong atemptation for the
average Scalper to resist. There were
also a good many changing orders
IN the way of selling May and re-
placing it with July and September,
principally into the latter delivery
at from 314c, narrowing during the
operation to Sc spread. Counselman-
: Day, Adams-Samuel, Cush Clifford and
SchWartZ-Dupee were the most active
OF the sellers of May at the opening.
Many of the selling orders were said TO
have come from New Yerk. The mar
ket turned very weak Immediately after
the opening, and iii little more than
half an hour May declined to 60L{c, or
&c below the highest point at the start.
Chicago receipts were % cars: Mime
apolIs. lS2 cars, and Duluth So. \ year
age the receipts for Friday, which was
holiday. and Saturday were reported
together, ana amounted to: Chicago,
353 cars: MlnneauUliS and Duluth, l, $50
cars. BradStreetS reported the week
export of flour and wheat from both
coasts at $50 bu on the previous
week. Since Jan. /, 81, 943, 900 bu. com
pared with 4l,415,000 bu dor the CORE
sppnding period Of 1893.
The market Continued to rnle weak
during the greater part or the re
malnder of the session. There was
rally 10 60lac from 601fc, ami then
gradual fighting decline 10 6o15c. with a
sale Or two IA low as soc. The closing
trades were al 6G1s @GC14c.
The corn market Wa, again very dull,
and the price and fluctuations were. as
for some days past. largely influenced
by wheat. Tie market opened firm at
3T}sc for May, and before The firm feel
ing evaporated 313lc was realize. for
ole OF two hyeS. III men wheat dropped
OFT there was IL corresponding movement
III corn. There were temporary rallies
of 50 from the bottom price quoted,
but the continued weikn ness in WHEAT
prevented them from sticking fer long
at time. The closing quotation, 500,
shows no change since yesterday.
r. Only fair amount OF business was
transacted in oats. Sellers were in the
majority. Tie more remote deliveries
were comparatively firm. May sold
down to So Is c and closed there.
There WAS less activity in provisions,
and prices were generally Oh the down
grade. The days receipts OF hogs were
$4,000 head instead OF the estimate of
1900, and that gave The market the i'll
itiai decline. Near the end of the SEES
sion pork sold at s1l.50 and closed at
$lI521a. Lard wound up at S6.7715 and
ribs at 50. S2l
Estimated receipts for Monday:
Wheat. 90 cars; corn, 300 cars: oats, go
cars: hogs, $4,000
Tile leading futures ranged as follows: