St. Paul daily globe., 1895-03-10
DECIDEDLY BULL|SH.
All the News on Change
Tended to Give Strength
to Grain.
WHEAT UP NEARLY A CENT
And Other Cereals Show Frac-
tional Gains--PpoviSionS
Weak.
ACTIVITY AMONG SHARES
In the Main Strong in Tone
Shorts Heavy Pur-
ehaserS.
ACTIVITY AMONG SHARES

CHICAGO, March 9.-The market
news today was almost exclusively
and somewhat enthusiastically bull
ish, and May wheat closed with 7sc
gain. Corn gained 1ac and oats asc,
but provisions finished slightly lower.
In wheat the most prominent feat
ure of the early news was the Mich
igan state report. 1t states that the
all of last years wheat crop, which
was q ,627 900 bu for the state, has
already all been used up, and that,
therefore, there is no wheat in Mich
igan now, but represents a surplus
from previous crops. The weather
was cold, and after a spell of mild
weather and rain it had turned cold
enough since the day before to con-
vert the rain and melted snow in
the wheat fields in to sheets Of ice.
The weeks exports of flour and
wheat from both coasts amounted
to 3,272,000 bu, compared with $685.
600 bu a week ago and 2,S51 900 bu
year ago.
The primary market receipts were
294, 900 bu against 291 900 bu. The
Liverpool market was quoted firm,
with upward tendency. A dispatch
ives received stating that Newport
News had shipped 10000 bbls of
flour and $4,000 bu of wheat for
twenty-four hours, and that freight
engagements had been made for the
shipment of 100000 bu of wheat dur
ing the remainder of the month of
March. Shorts became buyers and
the market wound up strong May
opened nc higher at 43Ac and did
not get below SAC, closing at 55c
The days business in corn was
good in amount, and generally on
the upgrade in the matter of price.
The carload market was also firm,
and made a similar advance to that
made in the pit, although the demand
came chiefly from the elevator peo-
ples the through billed market being
comparatively slack. New York ad-
viSed acceptanceS of cable offers
from there yesterday, and that mar
ket was quoted firm in consequence
The export clearances from the four
principal Atlantic ports were very
light, but 237, 900 bu were reported
cleared from Newport News. May
opened at from 453sc to 45Ac, sold
up to 45%c and closed with sellers at
the latter figure.
Today the bullish feeling in wheat
and corn also took a hold on oats,
and for a brief period considerable
activity was noticeable. This, how
ever was cut short by the closing bell
before any special factors could ma
terialiZe. Prices followed, those Of
corn, opening about steady, selling
up and resting at the top prices of
the day, May from 2SB@2SAc to
29kc.
The provision market lost trif1e
Of the bullish feeling which was so
prominent on the day before Pork
opened with a drop from $11, as it
closed yesterday, to $10.S5, and sold
as low as $10.82R. Afterwards the
strength in wheat and corn gave it
"bracer," under which it's spirits
rose. The price advanced to $1O971a
and closed at $1O.95, sellers, being a
decline of sc for the day. Lard and
ribs dropped 21ac of their
yesterdays closing value. Baldwin
and Sam Wolf were the most prom
inent buyers, and the Cudahy Pack
ing company the best seller. Esti-
mated receipts for Monday: Wheat,
30; corn, 1876; oats, 1875; hogs, 47,O00.
The leading futures ranged as follows: