St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-08
A DIP AND A RISE,
After a Weak Day Wheat
Closed Strong With Loss
es Recovered.
CHANGE IN OTHER GRAINS
Corn and Oats Dull But
Steady--Ppovisions Nepv-
ously Strong.
= ACTIVITY IN SUGAR STOCKS
Preserved the Market From
Utter Stagnation--Mar-
ket Steady.
ACTIVITY IN SUGAR STOCKS

CHICAGO. March AFTER indicating
pretty strongly that it was about to
make further break today, wheat
turned about and closed strong at the
same figure as OH the day before. The
firmness near the end was due to the
considerable quantity of cash wheat
worked here for shipment, and to buy
ing near the close of some in New York
said to be Oil all order from Paris.
Corn and oats were again very dull.
and closed without change in price.
Provisions acted nervously strong.
The course of the wheat market. ex-
cept during the first twenty minutes,
during which 1t advanced a little. was
largely a matter of cold blooded slug
ging by some neavy bear operators.
May started weak with sellers. and
trailing al from $500 to 53Mc, and
worked up to 541$@541lc. Following
that it dropped to 31g@55%c. The
Cincinnati Price Current was very
bullish in its remarks. and tho French
country markets, as reported officially.
were thee equivalent OF 219c to sc per
bu higher. A French cablegram to
WV L Oih HOuoC uCH
hension prevailed concerning the
amount of damage done to the growing
crop. Another dispatch from Paris
said there WAS no quotation about the
damage. uncertainty was the extent of
it; but another cablegram from the same
place said that wheat III France was
improving, and the latter appeared to
settle the matter as far as the crowd in
The Chicago wheat pit was concerned
The clearanceS of wheat and flour from
Atlantic ports, including some wheat
from New Orleans. was only equal
TO 10000 bu, and that was one of The
weakening influences which depressed
wheat there TO 5314c about the middle
of the session. Another matter which
was factor i'll the decline was the re-
port that committee was likely to be
appointed by the state warehouse CON-
mlSSlonerS 10 examine into the condition
OF the wheat In the Chicago elevators.
The market wound up at 53}sc for May.
The fact that $4,000 Bill of No. 2 red
wheat for immediate loading and for
shipment at the opening of lake nagiga-
ton was worked here was an element
IN the closing strength. There were
runlors of much larger quantity hav-
Ing been worked, but only Is. 000 uu at
113c and May price could De confirmed.
New York wired that some buying Of
cash wheat on an order from Paris had
caused strong closing in the market
there.
in corn it was repetition of yester-
days stagnaiiou. The fluctuations
were of the iightest and the trade of
the smallest proportions usually seen
on the dul!est days of midsummer.
After tiuctuating YEARLY over &c
range prices q. the close were at the
same point at which trading closed yes
terday. May sold from 44@sc To 4456c,
and closed at 1880. Oats were almost
lifeless. with bur sc range for tie day.
The market was steady, Influenced by
corn. May opened at 2S55c and closed
al zoe.
The provision market was the liveli-
est on the floor, Manipulation fright
ened ShurtS and set them to covering
vigorously. At the top figures there
was some selling, but after Slight re-
actions the market wound up firm.
May pork cinScd 22izc higher, May
lard 712c higher and May ribs 171lc
higher. The receipts for tomorrow are
estimated as fellows:
Wheat, 40 cars; corn. 420 cars; oats,
140 cars. ami 81 900 hogs.
The leading futures ranged as follows: