St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-29
BEAR PREDICTIONS.
Talk Of Rain in the West Routs
Drought as a Factor in
the Pit.
WHEAT A FRACTION LOWER
Other Cereals Follow Pro-
visions Take an Ad-
vanoa.
DULL DAY ON WALL STREET
Speculation Generally Firm
in Tone and Fluetua-
tons Slight.
DULL DAY ON WALL STREET

CHICAGO, March ES.-Wh heat was
duh today, but firm the greater part
of the session, on the dry weather.
Predictions for rain caused a mod
crate decline later, May closing Bc
lower May oats regained Nc, and
provisions finished at advances.
The dry weather assumed serious
aspects in the eyes of many exporters
in wheat at the start. The nerV-
BUSINESS led to some liberal covering
at the opening. There were sellers
of May wheat at the close of the
market yesterday at 55Ac, but this
morning none for less than 551ac,and
there We're plenty OF buyers at that.
The limit of prices beyond which the
shorts were not inclined to go except
upon further compulsion was soon
reached at 555sc, and having paid
that for few fives, they refused to
climb any higher at that time The
weather bureau here sent out early
intimation of what might be ex-
pected Friday night, and there was
no rain in the prediction. The signal
service at New York and ST. Louis,
however, wired here that there would
be rain in the West commencing on
Friday afternoon. The latter pre-
diction created less anxious mood
to Supplant the earlier fever of the
shorts, and the price dropped back
for a mo1nent to 55A @55$sc. Apart
from the uncertainty of the weather
there was nothing in the market
news to seriously disturb the mar
ket. The receipts at Minneapolis and
Duluth were 240 cars, against 253 a
year ago. The total primary mar
ket receipts were 100000 bu, against
254,G00 blu on the corresponding day
last year. The export clearances
were equal in wheat and flour to
355, 900 blu, of which $4,000 was in the
shape of wheat. The foreign news
was inconsequential. Liverpool was
quoted a trine higher, and Paris
and Berlin a shade lower. A New
York dispatch said that advices from
Argentine were to the effect that the
crop of that country had been dam
aged by rain. The heaviness here
L
suspicion of rain in the near future
and the lack of export demand. May
wheat dropped to 54Bc about half
an hour from the close. Covering,
amounting to perhaps 1,G00,0 900 Blu,
made by Partridge, caused a re-
covery from the last-named quota
ton, and the latest trading was at
55Kc.
The corn market was dull and
without any very worthy features.
The primary market receipts today
amounted to 100000 bu, against 1884,
Goo bu a year ago. The advance of
the price for today delivery as COM
pared with May, which has been in
progress for d few days, indicates
that the longs are changing their
deals over into the latter month. May
corn opened at 4634c, and the early
firmness Of wheat helped TO sus-
tain it at close to the opening
quotation for some time, but the
subsequent weakness in wheat
caused a corresponding feeling in
corn, and the price declined to 1915
@46Ac about forty-five minutes
from the close. The latest trading
was at 1880.
Oats were fairly active. There was
good buying early, and prices were
firmer. Later, however, orders were
filled up. and with a slack demand
and the weaker feeling then prevail
ing in corn, the strength gave way
to decline. The lowest price of the
day, nevertheless, did not reach be-
low yesterdays last quotation. May
sold between 29a @293sc, and closed
295gc July ranged from 29hc to
2S3zc, and rested at 29c. The prin-
cipal feature to the market was tine
urgent demand for casa stuff for
shipment.
The provision market was strong.
1t closed higher on the light hog
receipts Sellers wece tin,id, ard
shorts rather more inclined to buy
than to increase their lines. May
pork closed with a gain OF .2hc, ribs
gained 17lac ard lard gained.
Estimated ?ccai21s 70: tomorrow:
. Wheat, so cars; corn, $50; oats, I07;
hogs, $4,000 head
The leading futures ranged as fol-
lows;