St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-07
BULGE COLLAPSED.
Wheat Prices Took a Tumble
Of a Full Half
Cent.
MARKET TAME AND WEAK.
Advices by Cable in No Man
ner Reassuring--Ppo-
visions Firm.
GOOD BUYING OF STOCKS
Caused a Firm Tone in GEN.
epal List--Reaetion Near
Close.
GOOD BUYING OF STOCKS

CHICAGO, March 6. - The French
bulge in wheat, which was lettering
yesterday afternoon, took its tumble
today, the price of May losing Hc per
bu. Corn was about as dull as mar
ket could we'll be, and the price suf-
fered all sc reduction, and oats closed
&c lower. Provisions varied the mo-
notony of speculative detection by
putting on an appearance of Sprlghtly
firmness.
Wheat started tame and rather weak.
There were numerous sellers at yester-
days closingsprice. which was 5456c for
May, but not many buyers at over SAC.
For half an hour the general tendency
was downward and the range of tluctu-
atiohs was between sac and $3.50.
The weakness was mere continuation
of the feeling which had begun 10 ap-
pear yesterday afternoon as the result
of cessation of the bulliSh advices
from France. Liverpool was quoted ga
Jower, with buyers holding off, but
there WAS renewed suspicion of crop
damage in France, traceable in the adj
vices from the continent. The Paris
market was quoted about steady, and
Berlin from Is 10 % mark higher, and
second cablegramS rather confirmed
the feeling of uncertainty regarding
the French crop Which the comparative
firmntss of continental markets APP
peared to indicate. New York was
relatively firmer than Chicago. Some
orders were reported 20 have been re-
ceived there from France. and there
hnN inv nrlprS and that also
the continent.
The market here tended upward DUR
Ing the forenoon. after having its first
weak spell, but the extent OF the re-
covery did not carry 1t above $40. and
very little could be sold at that. The
frrnneSS referred 10 was in anticipation
of Bradstreet's visible supply statement
proving of Il bullish character, and the
effect of such report having been dis
counted, when il was received the mar
ket Immediately began to weaken. In
about ten minutes it dropped from 5433S
(G5415c bid to 541sc sellers. The Min
neapuiis and Duluth receipts were 227
cars, against $50 a year ago. The total
primary market receipts were 316,0
blu. Closing Paris cables were not en-
couraging, and the marke& finished
weak al 531c. 49,
Fluctuations in oats were narrow and
influenced entirely by the course Of the
other markets. Sales were few and far
between and all small. May started at
2902915c, sold at 2918c. down TO $500
90 and closed at that price. Today's ar
rivals aggregated So cars, "a of which
graded contract.
In the corn pit the traders had no
speculation III their eyes aud little
business was DOME File shipping
reported a Better lfquiry from the sea-
board for No. ; yellow, and some was
reported 40 have been worked. The
heavinesS of the wheat market was
against any speculative advance in
corn and such fluctuations as there were
favored slight reduction in prices
May corn opened at 4455c, sold as low as
442sc, and as high as 441S@45c, and
closed at 44$5c.
Provisions opened rather easy. but
did not remain so. A demand devei-
oped which changed the feeling of
weakness into one of decided strength
Shorts were supposed 10 be the heaviest
buyers, but Some was taken also for
long account. The offerings were not
very free until after pork had advanced
from S10.4211a at the opening for May to
SlO.7212; al that price there was more
than WIS wanted. and decline to
S10.G21z occurred, leaving the gain for
the day at 1715c. Ribs shared with pork
in the improvement and made net
gain or DC, but lard closed steady. Esti-
mated receipts for tomorrow: Wheat,
% cars; corn. ID cars; oats, III cars;
hogs, 81 $50.
The leading futures ranged as follows: