St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-23
BULLS LOSE THEIR GRIP
Reaction in StocksAHeavy
Bear Raid on Susquehan-
ma & Western.

CHICAGO, March %. Pronounced
weakness i'll the foreign grain markets
weakened wheat nero today and May
closed &c lower. Corn folio wed. losing
&c, and oats closed &c lower. Helped
by scarcity of hogs, provisions made
gains.
Wheat receiving no encourage ment
In any direction, except i'll the rather
.mediocre promise for the next crop. 1t
ignored the latter as pressing factor
and followed the direction impaired to
it from weaker foreign markets The
French country markets were quoted as
exceptionally weak, the Boerbhom's
cable quoting decline nf so confines
to one franc, which is the equivalent of
from 255Sc to size per bu. Liverpool re-
ported decline of "a, and both Paris
and Berlin sent lower quotations. Some
covering of shorts under cover of the
heavy feeling induced by the cables
held the market steady fer an honr at
from 54@ac to $4G54Tc. but further
weakening influences appeared as the
details of the days receipts and
shipments came to hand, and be-
fore noon the price had tum-
Il
Minneapolis and Duluth were
363 cars. The total of the primary mar
ket receipts was $4,000 Du. The eX-
ports from the Atlantic Seaboard were
discOuragingly light, amounting in
wheat and -four 10 about 10000 bu.
Some inquiry was reported for more of
the; Chicago No. red winter for ship
ment at the opening of navigation, and
cargo was worked early in the day at
a higher premium over MAY price C. l.
f. Buffalo than any previously made.
Some more covering OF shorts resulted
from the evidence that Chicago wheat
is now comparatively as cheap as that
held elsewhere. The price of May re-
covered to size. but the closing cables
were no Improvement upon those which
were received i'll the morning, and The
market became heavy again. At 81 4c,
which was the next resting price, there
was fair demand about half an hour
from the end OF the session. The price
rose again before the close to sac on
the reported taking of from forty. five
to fifty boat loads for export at New
York, and at the close there were buy
erS at 5435c.
The corn market was limp and almost
lifeleSs during great part of the day.
The recent buying spirit has entirely
subsidized, and the price is getting no
support from any Of the heavy opera
tors. The receipts here today were 100
cars, and 245 are estimated for tomor-
row. The exports for the day from the
Atlantic ports were $4,000 bu. There
was a good local demand for cash corn,
with anoIGinal decline OF lc at the
close. May ranged from 1870 down to
1896, aud closed at 4555c
UalS We're active and a good business
was transacted. Prices were weaker
with other cereals. ano were. TO some
extent ruled by them. However, free
selling was very influential in lowering
prices. The demand was fair through
out. especially for May at 29c. The
crowd in general took up the offerings.
May sold from 2915c to 299sc, down to
2S15c. and closed at 29c.
Influenced by'present and prospect
i've light hog receipts, provisions were
very firm, with few sellers. The great
est strength and highest prices OBJ
tanned early i'll the day, but in the end
gains were established of from loo to
15c i'll pork, and Ice each In lard and
ribs.
Theleading futures ranged as follows: