St. Paul daily globe., 1894-03-12
VERY DULL DAY IN WHEAT.
LITTLE TRADING D0NE ON ACCOUNT
OF THE UNCERTAINTY
OF THE GOVERNMENT REPORT.

Stock Speculation Was Firm-Su.
gar Moved Up on Reports of
Regular Dividends-Decrea
of$53,OOO in ST. Paul for the
First " eek in Morch Caused a
Drop-Grangers Were Quiet.
CHICAGO, March 10. Wheat was dull
The uncertainty concerning the eX-
pected government report prevented
much trading. and rumors that it would
be bearish caused an easier feeling.
Fluctuations were confined to range
of sc. Corn averaged firm. The sea-
board reported good demand for eX-
port, with cash corn in New York
bringing 1c per bu over the May price.
1t closed here with a gain for the day of
&c. Oats are also &c higher. Provis-
ions were irregular at a shade lower
prices.
Wheat was weak for the first half
hour. but the feeling of uncertainty
concerning the government figures to
be issued in the afternoon regarding the
amount in farmers hands kept the
fluctuations within narrow bounds.
After decline of &c and subsequent
recovery, the market remained steady,
and with an evident reluctance 10 DO
any more business during the greater
part of The session. The matters which
usually affect opinion were disregarded.
Even the highly favorable weather was
confined in its influence TO all express
sion from the traders of physical
satisfaction Herewith. The weeks
report from both coasts. as re-
ported by Bradstreets, were 2,S51.-
coo bu, including flour. On
the preceding week. they amounted 10
2.912. .0G0 bu and 10 2,SG4.CO0 on the cor.
responding week of last year. Exports
since Jan. l, this year, the same author
ity gives as 2G,00O,0G0, bu compared with
So 000, 600 bu for the similar period last
year, and 40,000.000 bu OH the year be-
fore that. The clearanceS from the At
lantic ssaboard were equal TO about
351. 600 bu III wheat and flour. Chicago
received Al cars of wheat against 253
year ago. Minneapolis reported 23l
cars and Duluth 67 against 800 and 81
respectively year ago. Liverpool and
and rather easier. The closing price
for May, 595s@59s4c.
Corn followed lne downward course
of wheat early in the day, but on an at
tempt of commission firm to fill buy
ing order for about 250,G00 bu, the
offerings were so light that &c was
added 10 the price during the few
minutes occupied in filling it, The
impending government report was i'll
com as it was in wheat, a reason for
extreme fear, and the market manifested
It's apprehension as the snail does. by
curling itself up inside of its shell. The
purchase by lrwin-Green of the 250.000
bu already referred to, was the only
notable feature of the days trade. May
opened at 3716c, sold down TO SIC. re-
covered to 3715c. ard then lnmped up to
379c quickly. During tie few minutes
37115c and 3719 @375sc. Receipts for to-
day were only 1872 ears, and for Monday
500 cars are estimated. Under little
spurt of active buying near the close,
May advanced for a second 10 37$4c.
The latest trading was at 372Sc.
There was a good general business
transacted in oats, and also some large
trading. SchwartZ-Dupee & Go. were
buying freely, which was the principal
cause OF the strength. There was also
some sympathy existing between corn
and oats. The market started steady at
3O59c for May, touched 3019c and adj
vanced gradually 10 3lIc. 1t closed
with sellers at that price. which shows
4 net gam of &c over yesterdays last
quotation.
The provision market redeemed the
session from utter inanity. There was
fairly good scalping market at sener-
ally low prices. The hog receipts were
1l,000 head for the day. For the week,
they amounted TO ll4.577, compared with
5000 tor the corresponding week OF last
year. The market started weak on sell
ing by Baldwn-Farnum and Halely, but
the light receipts and buying by Chaplin,
Edwards d Rublee ana Lightner sent
prices UP with a reaction later on little
selling. Compared with last night May
pork is unchanged, May lard 719c lower
and May ribs sc lower.
Estimated receipts for Monday:
Wheat, S5 cars; corn, 300 cars; oats, lS2
cars; hogs. 27.000 head.
The leading futures ranged as follows: