St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-22
Prospects Of Heavy Increase
in Receipts Caused Weak
ness in Wheat.
DRAGGED CORN DOWN. TOO
General Provision Market
Firm and Inclined to
BullishnesS.
kIVELIER IN WALL STREET.
Large Increase in the Vol
ums OF Business--List
Advances.
LIVELIER IN WALL STREET.

CHICAGO, March 2l.-Principally be-
cause of the general expectation of
heavy increase in receipts wheat was
weak today, closing Zc lower today for
May. May corn closed nc, and May
oats sc lower. Provisions were strong,
Showing good advances. Wheat opened
up B@4c above yesterdays closing
price for the May delivery. but without
animation or suggestion of enthusiasm
among even those who were doing the
buying, The Grmer feeling was caused
by what came over the wires from New
York about the amount of cash BUSH
ness done there yesterday. Between
what was taken by millers for home
use and by exporters something like
100000 bu was counted up. including in
that the quantity taken here. In addi-
ton to that some satisfaction might
have been derived from the summary
of the Cincinnati Price Currents re-
marks, wherein it is stated that slow
supplies of wheat are almost uniformly
reported" One cause tor further salts
faction lay in the firmneSS of the Euro
pean continental markets notwithStand-
ing the weakness which had prevailed
here yesterday. The advance referred to
as having occurred at the opening did
not last long, but was soon succeeded
by weaker feeling. for VIII ich the do.
nestle situation was responsible. The
receipts at Minneapolis and Duluth to-
day were 362 cars. against 273 Thursday
week ago, and 2i0 on the corresponds
ing day of the previous year. Adyices
from the Northwest were to the effect
that the receipts from farmers this
week would amount to about 2,O00O00
bu, Or $4,000 bu more than last weeks
farmers deliveries. The winter wheat
receipts are again indicative of freer
movement from farmers. The Atlantic
port clearances, including $1,000 bu of
wheat from New Orleans, only amounts
ed TO total of 18S.000 bu, including the
flour. In addition 10 those bearish
features. the later cables came lower,
and May wheat. under that combine,
dropped about l:30 a. IN. to 5516c. The
Secline made il possible to work some
Sheat for export, and when that was
onOwn the price rallied again 10 5536c.
In the last hour May became weak
under liberal selling, led by I'aruridge,
and declined sharply, closing at 5477Sc.
Corn did not show as much an incli-
nation TO advance upon The receipt of
favorable news as it had been giving
for three days past to jump without any
news at all. a, report from st. Louis
that ECO COO bu OF corn had been worked,
for export from there, via Newport
News. scarcely produced Il ripple III The
market The heaviness Of wheat was
probably affecting the corn traders in
the absence Of any large transactions
by the plunglEg element among the
local spectators. The receipts were
131 cars.
The closing cable from Liverpool
quoted that market I'D lower, and the
export clearahces from Atlantic ports
amounted 10 only 1886 blu. May opened
at 413Sc, and for long time fiuctuated
between AZ and 4634@4G1Gc, with the ten
dency in favor OF The lower prices which
came later. About twenty minutes
from the close OF the session the trading
Was at 1876. the finish being at 4615c.
The oats market was fairly active.
The principal feature of The market
was the selling OF May and buying of
July, which reduced the difference in
their respective values L(0lc. Cash
prices were 54@1@c lower, and that de-
pressed the futures somewhat. Ec-
yatOr men were selling quite freely.
May started at 29ssG@2915c, sold at 2915c,
declined to !992915c and rested at
294c.
PROVISIONS was the only one of the
larger speculative markets which gave
the least indication of bullishness.
From whatever cause, the general pro-
vision market was very firm. and the
Whole trade talking higher prices. at
the close. compared with yesterdays
final rates, pork was 25c higher, lard
715@lOc and ribs ne higher. Hog re-
ceipts were only 24.U00. instead of $1,000
expected. and estimated receipts for to-
morrow 220G0.
Estimated Cars for Friday-Wheat,
40; corn. l6O; oats. 220; hogs. %,
The leading futures ranged as follows.