St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-03-06


Point Since Observation-Disclosures
Was Seller of 1t. Paul, but
the Stock Rose in Price-Good
Gain for Burlington.
CHICAGO, March 5.-Wheat was weak
1t the start today, but afterwards recov-
cred and closed &c higher for May.
The mild weather. large Northwestern
receipts and lower Liverpool quotations
caused the early decline. bat the liberal
.learanceS, q decrease in New York
stocks and decrease in the available
supply turned the tide, and May closed
only 7sc from the top. May corn is re
higher, and May oats sc higher, bu t
provisions closed lower all around.
= The cold wave, which it was feared
might damage the wheat plant. did not
appear on schedule time The early
cables reported an increase OF TIP, 900
bu il the quantity Of wheat and -four
Oh ocean passage, and Minneapolis and
Duluth returned SIS cars as the receipts
at those two places today. a year ago
they got 5i9 cars. The Liverpool mar
ket was quoted weak and III lower.
with more disposition Oh the part of
holders TO sell. The balls. having such
q number Of materially beaTiSh matters
arrayed against them at the start, had
wheat for sale as soon as oppoT-
tunity was offered. and the bears
who were short were unwilling buyers
as rule at over 59l4c for May. 4 few
lots found buyers al 5gs5c at the open
ing. That showed a decline since the
close Saturday Of from s L 10 &c. There
were no symptoms Of recovery for some
time, ana not until the price had
bumped several times against 5958c.
The recovery which subsequently, &C.
CURED was caused by New YORK ad-
vising reduction in stocks there for
the week of 200 Geo bushels. The
Drce under the latter influence rose 10
59}Ie.
mere mad been good deai of buying
against puts OH The early decline, and
on the rally all of the wheat so bought
was on sale. Much OF it was disposed of
at between 5g3 and $3.50, but The GUAM
tity proved too heavy Tor the demand,
and drop TO 5!ias was brought about by
that sort % selling. There was some
curiosity 10 ascertain where the 1900
eco bu decrease at New York had gone,
and, III answer 10 an inquiry, LOCO, 900
bu Of The vanished amount was thus &C
counted for: Lisbon got SOC. 900 bu of
1t, the United Kingdom 100000 bu and
miliers 200. coo bu. There was an
other advance 10 $3.50 after the
publication of the visible supply
statement. which showed a decrease Of
1,4SS, 600 bushels. The days clearances
from the Atlanuc ports were likewise a
help 10 the bull side, amounting in
wheat and -four 10 about 4S3. 600 bu, and
III addition To that New Orleans shipped
Ina n04l ltrtcfanig af ttrf4f Thu,
OF the early news again came into play
III the absence OF any outside demand
for cash wheat and the price for May
was again down to 1885 (Gjq15e about
$3.50 O'clock. / he English visible sup
ply was estimated to have decreased
LOO, 0G0 bushels during the last week
lie price touched $3.50 early i'll the
day and sold sparingly at that price
a second time near the close. Tue
latest trading was al 5g94c.
In corn there was moderate trade,
the interest Increasing SD4Be as the sea
son advanced. tie bulk OF trading tax
ing place after HE early advance. The
opening was easy on the spring-like
weather ana liberal receipts, but the
market was quiet and very little life
manifested until a brokerage concern
started III 10 buy, which caused prices
10 advance suddenly sc. with little
tradingS until &c was reached for Mas
and 3Sc for jGly. Prices were fairly
well sustained Tor While al the adj
vance, TeactiHE later = "a : held steady
and closed with May Unly ! c from the
top. a
IN oats there WAS fair trade and
tirmer feeling prevailed. Prices ad-
Vanced I 3 e. and closed steady at The
top. lie Strength was due largely 10
sympathy Wlti corn and 10 the decrease
IL the visible supply.
There WAS very little doing in pro
visions early, dull feeling prevailing.
The market Opelied weak snd lower il
sympathy Win The decline in wheat.
and then ruled fairly Steady On some
little disposition being shown by the
packers 10 support ii. There was, how
ever, some selling OF lard by one Of the
packing houses, but the offerings
were taken readily by foreign
commission house. Ultimately the
market broke Oh flee offerings,
particularly OF pork, by some of the
packers, who turned sellers. a few Stop
loss orders coming in, 80 outside sup
port, and continuing trading by the
commission houses before referred 10.
The weakness was emphasized 10 some
extent by the corresponding condition
OF live hogs at The yards. Later on
there was moderate reaction in pork
on the commission house already men
toned turning buyer, with the closing
steady for park lard and ribs weak.
Compared with last night May pork is
1215c lower. May lard re lower and
May ribs l5c lower.
Estimated receipts for tomorrow:
Wheat. 20 cars; corn, $50 cars; oats,
275 cars; hogs. 20.00U head.
The leading futures ranged as follows: