St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-20
SQUEEZED BY BEARS.
Pressure on Wheat Caused
Another Decline OF a
Half-Cent.
CORN STUBBORKLY STRONG,
Independent OF the Tore
Prominent Cereal--Pro-
visions Weak.
CORN STUBBORELY STRONG,
MARKED ACTIVITY IN STOCKS
With Dealings Widely Dis
tributed--Granger Shares
to the Front.

CHICAGO. March 19-Eucouraged by
moderate decrease in the supply and
the easy cables. the bears pounded
wheat down another &c today, May
closing that much lower. Corn was
stubbornly and independently strong,
gaining &c for May. and May oats fol-
lowed with &c gain. Provisions were
weak, closing at declines.
There were plenty of sellers of wheat
at the opening from 56&c down TO 551sc,
and very few buyers at above the lower
of those quotations. The reason for the
weakness was made up Of a kneading
together of the foreign news and
slight sprinkle of rain along the South-
ern edge OF the winter wheat belt i'll
this country. liverpool was quoted "a
lower. The Minneapolis and Duluth
receipts were again i'll excess of the
number of cars reported on The CORE
spending day Of the year before, being
376 cars today, 10 PSI last year. Primary
market receipts today were $4,000 bu,
against 279,000 bu a year ago. The
only bullish feature of the days move
ment was the heavy export clearances
vi NlICdI dilu llOuI llOlil lH6 AlldIllC
seaboard. which amounted to 450, 900 blu.
That sustained the market at around
56@5615c during the greater part of the
forenoon up to the time len Brad
streets report is received. After the
latter report came in the price yielded
again ard 5515c became the trading
price for a few seconds in the noon
time break. Bradstreet's visible supply
showed decreases east and west of the
Rockies, amounting 10 1893, 900 bu,
while in Europe and aHoat there was an
increase of S4S. 600 Blu. leaving net de-
crease OF 1,C46,GG0 bu i'll the worlds
stocks, against 1.940. eco bu decrease in
the same time year ago. The Russian
crop OF last year, 1t was reported, had
been again officially re estimated, max
ing it 74,GC0,C03 BIZ larger than previous
estimate. but The latest commercial ad-
vices by mail from Europe were that
Russian wheat was scarce, and held at
russian ports above its shipping value.
The closing cables quoted weaknesses
aud slight decline at Liverpool; Il
slight advance in wheat at Paris; no
change in values at Antwerp, but
marks decline al Berlin. There was an
increase OF Activity after the Brad
Cdtiit III anu uufltR Inc
decline, to 551zr. bnt after recovering
again TO 55346o555sc, it became quiet
again and remained so to the end, clos
ing at 551sc
The corn market set an example of
buliishneSs which was again the envy
OF Its bigger neighhar 1t was kent
down by the bearishncSs of the latter
early in the day. but asserted a stub
born independence after slight de-
cline, and was soon hoiSted. The opens
ing price for May was $500. 1t declined
gradually to 46@0463sc and then al
vanced steadily to Axe. 1t weakened
at the latter point and sold down to
1870, but found plenty of buyers on
that reaction. Primary market receipts
amounted to 49,. COO bu, compared with
100000 bu year ago. The reports from
the interior of this state are that Balti-
more ana st. Louis buyers are paying
Sc over Chicago prices for No. 3 corn
and shipping il TO Baltimore and New
port News, thus pr9SpPctively curtail-
ing receipts at Chicago. The demand
for carloads to go to store was Dartic-.
ularly active at an advance of &c TO 1c
per Du. The May futures rose before
the close 10 Az @4136c and closed at
4714c.
oats experienced fairly active SEES
SiOh. &eI lliS W we're Il
shade firmer and selling became quite
general, with Bartlett-Frazier prin-
cipaliy prominent. This tended to
weaken the feeling, and values de-
ciined. The frmnesS in corn, however,
soon put oats back on its feet. MAY
started at from 29@sc to 2916c. sold at
29556 00&913c up to 29s4c and closed at that
price.
Provisions went down from the start.
From Sll.9C@ll. 92775 May pork kept on
the slide unill it could be bought for
Sl1.571E. 1t then became tirmer and
improved little. bat touched S11.55 be-
fore making any permanent improve
ment. After recovering to S1l.SO it
closed at Sll.70. Il loss of 25c. Lard
closed sc and ribs 1219c lower. There
was some raiding By Baldwin, and the
expectation OF heavy hog receipts aided
in the decline.
Estimated ear lots for Wednesday:
Wheat, "a: corn, 9S; oats. 143; hogs,
So. 600 head.
Theleading futures ranged as follows: