St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-25
DULL DAY ON 'CHANGE.
CHICAGO SPECTATORS TAKE A DAY
orr.
MARKETS EAkTHRoUGHoUr
Absence Of Foreign News aud a
Short Session Between Two
Holidays Make Business Dull
Reported Cold Wave Sends
a Chill Over the Specu.
lators,

CHICAGO. March 24.-The absence of
foreign news and the fact of tOday's
short session being wedged in between
two holidays made ~ ,ineSs on 'change
dull. Wheat opened easy aud rather
weak, and closed up steady, with
scarcely any change from Thursday
afternoons quotations. Corn averaged
weak, and left off with loss of &c.
Provisions were weak. dull. and closed
1Oc lower for pork, unchanged for lard
and re lower for ribs.
Wheat started easy and dull. The
weather was cold and raw in this vicin-
ity, and the temperature in the far
Northwest of the British provinces was.
down to IL below zero. There was
disinclination to believe that the cold
had damaged wheat SO far, although
i'll Nebraska twenty-four degrees of
frost was registered in the north,
ern part of the state this morn
ing. The Milwaukee signal service
officer said: Severe cold wave tonight
and Sunday. Temperature will fall to
zero in northwestern part of Wisconsin,
and to IL above in the southwestern
part. Low temperature probable for
several days" All that did not APP.
probably affect traders, who were much
more impressed with very favorable
crop prospects indicated by the Illinois
state report. There were no market
cablegramS, foreign markets being all
closed. May wheat opened at $3.50, as
compared with 794@575s at the close
Thursday. In the course of the next
twenty minutes 1t sold off to 5715c,
which was return 10 the lowest pre-
Vlous price of the season, it having
touched that point OH Feb. Is last. 1t
became tirmeI after that, selling up to
571sc later in the session. At
the latter point Pool-Sherman sold
about 100000 bushels supposed
to be the long wheat of some customer,
and that caused reaction to $3.50
57S4c, but the possibility of damaging
frosrs before Monday morning exercised
slightly restraining influence upon
sellers, and it became slightly firmer
again before the close. The estimates
on the visible supply varied from /. 12O.-
600 to 100000 bushels increase. The
market closed up firm at 511$z (157Gc for
May. and 5000 for july.
Corn was weak, with no buyers except
those who had previously sold short
The receipts were 347 cars for three
days. and the local crowd was inclined
to sell. Bartlett-Frazier were buyers
in conservative way. May opened at
from 3715c to 3715c, and for a long
time held between SIC and 371sc,
but toward the close it dropped to 5000.
In the last few minutes the closing
firmneSs of wheat caused some more
covering of shorts, and the price re-
covered to and closed at 3715c.
The oats market was equally as dull,
if not more so. than corn and wheat.
The cash market was also dull and
somewhat lower. due principally to the
receipts two days brought i'm on the
market and with the usual Saturdays
limited demand. At the opening May
sold at 30s4c. 1t then sold at 3OIc. At
the close 3Os4c was bid.
Provisions were rather weak, but the
change in prices at the close did not
vary very radically from Thursdays
resting prices. Pork is 1Oc lower; lard
unchanged and ribs TIC off. Receipts
OF hogs for the day amounted to 10000
head. and yesterdays receipts were
21.5l2. Baldwin was seller of ribs for
May at the opening. and the Anglo
American Packing company sold pork.
Estimated receipts for Monday: Wheat,
81 ears; corn. 1S5 cars; oats, 200 cars,
hogs, $4,000.
The leading futures ranged as follows: