St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-20
| BLUE MONDAY IN CHICAGO
LOWER CABLES AND GOOD CROP PROS
PEcTS
CAUSE A HEAVY DECLINE
Wheat Shows Marked Decrease
Since Saturday Corn Was I'm.
changed and Provisions a
Trif1e Higher All Around
Liverpool Marke Was Quoted
Dull,

CHICAGO. March 19.-Wheat closed
at 56%@572c today, the lowest 1t has
ever finished for May. showing loss of
5sc since Saturday. A decrease in the
visible less than was expected, lower
cables, good crop prospects and an in
crease in the quantity of wheat and
Hour on ocean passage were responsible
for the decline. The working of 240,-
600 bushels for export steadied the mar
ket at the close. but May finished near
the bottom. May corn closed unchanged.
May oats sc lower and provisions a
trtie higher all around.
The warm rains throughout the North
west caused some selling of wheat and
an easier feeling al the opening. The
amount of wheat and f1OuI on ocean
passage increased 2. 600 bushels dur
ing the last week, which was an adj
dltional motive for putting out few
more fives and tens. Minneapolis re-
ported 24O cars and Duluth d. against
273 and POP respectively year ago.
Liverpool was quoted dull and rather
easier at unchanged prices. New York
advised some selling by foreigners at
the opening there. Minneapolis, which
closed 56c higher than Chicago on Satur-
day, came down to level with prices
here soon after the opening. There
was nothing particularly encourag
ing In the above items for the
bulls and there was all evident failing
of hope for their side revealed in the in
creaslng premium the holders of May
contracts paid for changing them into
July. From &c to shade less was paid
about the middle of the session to turn
May into July. The market opened at
5S(05S15c, and for an honr or so the
fluctuations were in the main confined
10 that small range. AS the figures of
the visible supply came slowly to hand,
the market became heavier as the hope
Of more than 1.25G.000 bushels decrease
began to fade. When the actua! guam
tity of the decrease was fairly sstab-
lished, the price of May fell to 57Sc and
July to 591@@595sc. The yisi-
Die decreased 1,24S,Oo0 bushels. which
falling off than was looked
for. The total in the visible supply
now is 10, 259 900 blu. against 10000
bu at the similar period a year ago.
The Saturday clearanceS from the four
principal Atlantic ports were equal to
about 800, 600 bu in wheat and flour to-
gether. The closing cables brought
lower quotations from all the principal
foreign Changes. Without shade of
encouragement from any quarter,
heaviness continued to rule here.
The working here of some wheat for
export gave the market some support
toward the close. A. G.. Bueh IL Co.
sold $4,000 bu, w. ii. Harper $4,000 and
Norton WorthingtOn $4,000 bu, all No.
2 spring. The trading as the market
closed was at 57i2s @57Mc.
There was Il fair inquiry for vessel
room at &c for wheat to Buffalo.
Corn was dull in the main, and at
times extremely so. The fluctuations
were narrow, with such change as there
was in the price in favor of those who
were short. There was an increase for
the week in the amount atloat for Eu-
rope, amounting to 264, 900 bu. The Wis
IDLE supply increased 1872 900 bu. Export
ciearances were small. Bartlett-FraZer
bought in some short corn, but the gen
eral tone was beariSh, influenced appar-
emily by the liberal receipts and the
heaviness in wheat. May opened at 36M
@361sc, sold at 361sc and then aiternated
tor IA long time between 3G$4c buyers
and the same price sellers. 1t dipped to
5000 for a moment when the visible and
the estimate of tomorrow's receipts were
received. The market was firm in the
last half hour of the session, and wound
up at the highest point of the days
range.
The oats market was dull. Little
stuff was offered for sale, and there was
even less wanted. A slightly easier
feeling prevailed in sympathy with
corn.
Provisions Oponed a shade frmer on
hog receipts under the estimate and
firm prices at The yards, and after some
slight modification Of the first impress
sion, it wound up in substantial agree.
ment herewith. Fowler-Sterling and
Baldwin were among the early buyers
of lard. The AnglO-Amercan Packing
company were also moderate buyers.
Hog receipts were 25,000 and the esti-
mate for tomorrow is 2l,O00. The clos
ing quotations showed &c improvement
i'll pork, TIC in lard and SC in ribs.
Estimated receipts for tomorrow:
Wheat, rs cars; corn, $50 cars; oats, $50
ears; hogs, 2l,0Oo.
The leading futures ranged as follows:
Open High Low Clos
Articles. ing. est. est. ing.
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