St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-28
DROUGHT kFkCT0R
Dry Weather Sends Wheat Up
a Small Fraction in
the Pits.
FOREIGN MARKETS STEADY.
Corn and Oats Show Little
Change--Provisions Re-
main Firm.
LIQUIDATING BY THE LONGS
Resulted in a Lower Range
of Values in Wall Street
stocks Active.
LIQUIDATlNG BY THE LONGS


weather was again the ruling IN
fiuence in wheat today. The market
ruled firm, but only secured the
modest gain of A@B in the end.
Business in corn and oats was slack,
and no change in prices took place.
Provisions averaged firm, but lost
all they gained early in the day,
and closed about as on the day be-
fore Wheat was generally firm,
mainly on the dry weather. The
English markets were remarkably
steady, considering the weakness
here yesterday. Liverpool opened
shade lower, but closed with loss re-
covered. Paris at the opening was
without noteworthy change, but
Berlin came in with IA marks re-
cline Minneapolis and Duluth re-
ceipts were 218 cars, against 166
year ago and PSI a week ago. Pri-
mary market receipts altogether
were 1000 blu against 315,000 blu on
Wednesday of last week and 2O3,-
600 blu the corresponding week of the
year before. Export clearances from
the Atlantic seaboard amounted in
wheat and flour to 100000 blu, of
which 125, 600 bu was wheat.
In the latter half of the session a
report by way Of New York, pre-
sumably emanating from the Wash
ington agricultural bureau, gave the
reports concerning the European
crops for February, and as these
were very unfavorable, both as re-
CARDS the damage done to the crops
of France and England and a great
reduction in area sown to wheat
and rye in Russia, the market kept
up the firmnesS which characterized
the trade in the forenoon. The open
ing price for May was from $3.50
55c to 55c straight, and after touch
ing 54Bc for an instant it gradually
advanced to 555sc, and ranged be-
tween that and 553sc during the
greater part of the time The price
near the end was about midway be-
tween the top and bottom of the
days range. At the close 55Ac was
bid for May.
Corn opened rather easier, but
took heart from the strength of
wheat and ruled above yesterdays
closing price except for little at the
start, which was sold at 465sc for
May. The range of the day was
from 1850 to 1880, and it closed at
461@c bid. Receipts inspected in
were 13l cars, of which 297were of the
contract quality. The estimate for
tomorrow's receipts is for only los
carloads, and that was one Of the
Strengthening influences of the day.
Offerings were very limited when
ever demand sprung up. The trade
was small and easily influenced by
quite moderate transactions.
Oats were generally quiet, and
May, after having sold higher all
day, closed just steady. Interest
was principally centered in July.
Buying was quite good and the tone
firmer. May ranged between 29A and
1885 @291a, closing at the latter price.
July from 291s@29Ac to 2SB@29c.
The business in provisions was fairly
good, and the tendency was in the
main upward after an easy opening.
Liberal offerings on the hard spots
prevented any permanent improve
ment, and in the end prices were
very little charged compared with
those of yesterday. Pork rose from
$3.50 at the start to $12.521a, and
closed at $12.921a. May lard rose
from 81 to s7.05, but reacted to and
closed at $6.971a. May ribs advanced
from $61O-the opening price-to
1925, and closed at $6.121a.
Estimated receipts for Thursday:
Wheat, 80; corn, 105; oats, 100; hogs,
100000
The leading futures ranged as fol-
lows: