St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-14
CHICAGO MARKET HIGHER.
THE 60kRD CT TRACE CEREkLS MOVE
UP THE SCALE.
PROVISIONS CLOSED LOWER.

PROVISIONS CLOSED LOWER.
Prices Well Supported on the New
York stock EXchangc-Bulls
Rapidly Absorbed All Offer
inSs and Bears Were Puz-
zIed-Lcndon Fought st. Paul
IL Good-Sized Lots.
CHICAGO. March 13.-The wheat
market was choppy today within &c
range and closed &c higher for May. A
steady feeling early caused by last
nights cash business at the seaboard
was followed by break on the Baltic
shipments. a rally on the clearances
was followed by another break on a
little selling. and May closed at the top
Oh fair demand. May corn closed &c
higher; May oats &c higher, while pro-
visions closed lower all around.
Wheat was about steady at yester-
days decline when the market opened.
1t gave some indication of recovery in
the first half-hour of the session, but
during the half-hour succeeding that 1t
became weaker than ever. and touched
at that time sc lower than the lowest
price it reached yesterday. The opening
price for May was 5e15c, from which it
gradually recovered to $500, but, fol-
lowing that, it dropped TO 5SL4c. Lib
eral export clearances from New York
were reported about the time the last
nd
caused buyers TO predominant for
time with another rally to 5S@s
@5S$4c. The exporting countries, eX
elusive of the United States, Canada
and India, shipped last week 100000
bu. and India shipped 56s,0C0 bu. ac-
cording to cablegrams received by the
board of trade. Adding the 2, S5l 900 bu
shipped from this side last week. the
total put atioat was 7,Sl9.000 bu, which
is 300,U00 bu more than the importing
countries are estimated to require
weekly. That was the main feature of
the early news. The report that over
fifty boat loads had been taken for eX-
port at New York yesterday was Min
imiZed by the accompanying eXplana-
tiOn that the most of il was resold by
people who had previously bought it
for export. The Liverpool prices were
quoted I'D lower and the market weak,
with downward tendency. Chicago re-
ceived 70 cars, Minneapolis 235 and Du-
luth 1913, compared with 275, IL and 1902
cars respectively a year ago. The
figures telegraphed from New York
changes in the worlds stocks for a
week indicated net decrease of 633,-
0G0 bu in the worlds stock for the
week. The Bradstreet's estimate had.
however, no effect on prices today.
Notwithstanding reports from the sea-
board that there were no signs of eX-
por: inquiry, $1,000 bu were worked
here, 5000 bu of it to go at once Ivy rail
to New York. The market was fairly
steady at 5o5S(95S11lc at the close.
Corn WAS generally firm, and at times
quite strong. Commission houses were
well supplied with orders TO buy fair
sized parcels. Liverpool was quoted
firm but inactive. Business here was
rather spasmodic, bnt good volume
was summed up in the course of the
day. The opening price for MaYwas 1890.
1t improved 10 3S15c, and held firmly
after that at around 3Sc.
The price was 3S1sc at the end of the
session, showing &c Improvement since
yesterday.
Oats held firr, but the activity which
for the last few days has been the mar
kepS principal feature, had fallen off to
small local business. The offerings
were still very light, and that with
decrease of 49, coo bushels in the stocks
of contract oats in store, were the causes
of the retained strength. May opened
STEADY at 3lBc, and sold up to 1890
3l12c. The market weakened slightly
before the close. and May was offered
at 81 sc, after selling at that price. July
sold at 29c and 2914c, closing at the top
price.
Hog receipts were 1900 over the esti-
mates, and $4,000 are looked for toInor-
row. The provision market opened
weak and with very little demand. and
that was the feature Of trade throughout
the day. The only rallies which 0c-
Cured were due to the buying in Of
shorts. The decline getting prices down
Oh fresh low ground some stop loss Or
ders were reached, which added 10 the
weakness and assisted lii the decline.
May pork started with drop of 1910
at Sl1 for May. On slight rally it
sold up TO 81 l.071a for moment. but
became weak and worked down to
$40. 80 and closed at $40. So. or net de-
cline since yesterday of l719c. Lard is
10c and ribs T15c lower.
Estimated receipts for tomorrow:
Wheat, 10 cars; corn, 215 cars; oats, 14O
cars; hogs, $4,000.
The leading futures ranged as follows:
Open High Low Clos