St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-18
BAD DAY FOR BULLS
Disappointing Cables, Small
Clearanees and Heavy Re-
alizing Cause
REACTION IN THE WHEAT PIT
Corn and Oats Follow--Pro-
visions Show Some Adj
vance.
FAIR ACTIVITY IN STOCKS.
Improvement Is Due Mainly
to Purchases for Short
Account.
REACTION IN THE WHEAT PIT
FAIR ACTIVITY IN STOCKS.

CHICAGO, March 15.-Discouraged
by disappointing cables, the small
weeks clearances and liberal reaIlz-
ing, wheat went back on the bulls
today and began YEARLY retracinS
its steps, finishing 1ac lower for May
Corn lost sc and oats &c. Provi-
sions finished higher for pork, lower
for lard and with ribs unchanged.
The early cablegrams from Liverpool
and Paris quoted rather easier
wheat markets, and the shipments
of wheat and flour from both coasts
of this country were about 5CO,0O0
bu smaller than on the week before.
Those were the most influential fac
tors at tho opening of this market,
and consequently the price started
at a decline of about &c per bushel,
compared with yesterdays closing
rates With the exception OF the
cables and the weeks clearanceS
there was nothing else bearish in
the days news. There were numer
Gus dispatches from the Southwest
pointing to the probability of injury
to the winter wheat and the scarcity
of the article in the country. The
receipts at Minneapolis and Duluth
this morning were 327 cars, against
337 cars year ago. Primary market
receipts were 301, GOO bu today, against
315, 900 bu a year ago. May wheat
opened at from SIC down to- 56Ac,
and ranged between $3.50 as it's bot
tom, up to size as the top of the
range. 1t closed at the lowest point,
or practically so, the latest trading
price being 565s @56%!c. The absence
of export demand at the seaboard
or of sales of round lots of winter
wheat here were the chief depress-
ing elements in the situation at the
close, &c marked the decline in the
price at Berlin and Is centimes at
Paris being contributary causes.
The corn traders had another days
yaWning experience. Business in the
pit was of the smallest, and in the
cash crowd also peaceful quietness
prevailed. Offerings were light, both
OF cash and futures, and the demand
was of a corresponding character
In the futures a rather heavier tone
prevailed than was the case in the
cash market. The opening was from
461s@46Ac; it dropped to Acc, recov-
cred to 46Ac and closed at 46@46Ac. /
The easy feeling in wheat and rather
liberal estimates for Mondays re-
ceipts caused the decline Oats re-
manned very dull. Fluctuations
were very narrow, and principally
easier, with corn. May started at
291ae, sold at 1895 @2915c and closed
there. Today's arrivals aggregated
1877 cars, 129 of which graded con-
tract.
By a general consensus of opinion
the changes in the provision mar
ket today We're due to a manipula-
ton. 1t was subject to sudden
changes of quite considerable range.
The opening in pork was at an adj
vance on yesterdays closing price
of 21A@71@c per Dbl, but on any at
tempt of an outsider to dispose of
any, the price was dropped, and sim
llarly with attempts to buy. The
ruling condition was toward a de-
cline, but the market was given a
strong closing. The changes since
yesterday are 21ac rise in pork, SC
decline in lard, and ribs are left
without change. Hog receipts today
We're $4,000.
Estimated receipts for Monday:
Wheat 25; corn, 55; oats, 100; hogs,
$4,000.
The leading futures ranged as follows: