St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-21
ALL CEREALS DROP.
Bearish Figures Of the Agri-
cultural Department the
Cause.
WHEAT LED IN THE DECLINE,
After Giving Promise of Ma
tepial Advance in the
Early Market.
A HALT CALLED ON STOCKS.
Upward Movement, Which
Has Been in Force for
Days, Checked.
A HALT CALLED ON STOCKS.

CHICAGO, March 20.-After an early
advance wheat weakened today ON
bearsh figures from the agricultural
department, May closing &c lower.
May corn lost sc. May oats ssc, and
provisions finished slightly lower.
Wheat at the opening was strong
enough TO create a mild surprise in the
trade. a rise at the start of from &c to
1&c per Blu was unexpected, from the
fact that over considerable area of
the winter wheat belt copious rains
were shown. The chief reason Tor the
strength was probably due to the specu
lative situation. The selling yesterday
had been of a too SanguiIe character,
and it took but little to alarm the scalp
ing shorts. SteadineSs at Liverpool
this morning in the face Of &c decline
here yesterday and slight improve
ment in the price of wheat and flour. as
cabled from Paris at the opening, proved
enough to give The market all upward
push, which set the smaller shorts to
buying and created a nervous suspicion
of the wisdom of being short. which
lasted for over an hour. The Minneap-
O4lo hCtC N~Ol
cars, against 500 The year before
OF today's receipts 9l,94S bu
were winter wheat. compared with
4S, 497 bu of winter wheat received at
the same places a week ago. That in
crease in the receipts of winter wheat
was one of the bearish features of the
days movements. The market was
moderately active for an hour and then
very dull during the next hour and
half, in which time the price for May
had gone from sec up to 614Q95634c and
back again TO soc. An addition to the
March report OF the Washington agri-
cultural bureau Statistician, which esti-
mated the wheat production OF the world
at 1G3, 900, 900 bu more last year than on
the year before. caused the market to
become quite weak in the latter half of
the session. May sold down to 552Sc,
although closing cablegramS quoted adj
VanceS of a d 10 I'D ut Liverpool. Cd per
sack for flour at London. the equivalent
OF &c per bu for March wheat at Paris,
and &c per bu at Berlin. The close
was weak at 553s G55$4c.
Corn opened strong, and after advanc-
ing $Sc above the closing price of the
previous afternoon it lost its improve
ment. The opening for May was 4735c,
but i: rose TO 4T55c early in the day, and
\
until near the close, when it touched
47c, ana there were sellers at the close
at 4T18c The longs, who had been
chiefly instrumental in raising the price
for three or four days, were the most
conspicuous sellers on the early board
The Baltimore and Newport News bust.
ness was said 10 have been made posi-
bic only by cut i'll rail rates of &c per
100 lbs. Receipts today were 50 cars,
and 160 are estimated for tomorrow.
Oats were quiet and weaker, follow
ing corn entirely. Lindmann was re-
ported to have bought quite freely of
May. Offerings of same were liberal
and scattered. The close showed May
at 2933s(d2911c. Early $3.50 was touched.
The provision market was dull and
rather weak. The hog receipts were
81 600 instead of $1,000 as estimated, and
$4,000 are predicted Tor tomorrow. At
the close today the May futures as COM
pared with yesterday are pork and lard
215c lower and ribs unchanged. Pack
ers were moderate sellers, and the de-
mand was very slack
Estimated carload receipts for Thurs
day: Wheat, 81; corn, 100; oats, 1854;
hogs, 33. COO head.
The leading futures ranged as follows: