St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-28
NERvOUSLY WILD,
Wheat Fluetuated Steadily
Within, a Range Of Half
q Cent.
CROP NEWS WAS BEARlSH.
Growing Grain Becomes a
Factor in the Market
Provisions Weak.
SPECULATION IRREGULAR
On Light Volume CT Bust
ness--Canadian Pacific
Advancing.
SPECULATION IRREGULAR

CHICAGO, Feb. 27.-Wheat jumped
up and down very nervously within &c
range today, but realizing on the ad-
vances finally closed the market with
&c loss for May. May corn closed &c
lower, May oats &c lower and provisions
at slight declines. Wheat started steady
and about unchanged. The arrival of
two cargoes of white wheat at New
York from Portland, Or, caused some
temporary weakness. But other items
of the early news of an opposite char
acter gave the price a sharp upward
whirl. CablegramS from Paris reported
that market firm and advancing, and
the weather continuing to be unfavOr-
able. Liverpool wired that the market
there was strong because Of demand
from France for off-coast cargoes, and
the effect Of that here was to raise the
price of May rapidly from $3.50 to 542sc,
the latter being higher rate than has
been realized before for month. The
first trading, lasting about five minutes,
was at from $3.50 to 534c. The effect
Of the French news was quickly neu-
rived saying that the receivers OF the
bullish dispatches from France were
sellers of wheat i'll New York. The re-
ports from country points in Missouri
and Illinois had also a tendency to check
bulliSh enthusiasm. inaSmuch as they
described the appearance OF the wheat
plant as 1t emerged from beneath the
snow as being uninjured and healthy.
A reaction to 45c followed the latter
news. Receipts at Minneapolis and
Duluth were 800 cars. against 420 week
ago and 2G9 on the corresponding day of
the Year before. Primary market re-
ceipts all told were $4,000 bu. The eXs
port clearanceS Of wheat and -four from
Atlantic ports amounted together to
$4,000 bu The closing cables being
firm and the inquiry Tor wheat for eX-
port at the seaboard reported good, the
market here began to firm up again in
the afternoon. but the realizing con-
tinued, and May finished at SAC.
Corn was firm for about five minutes
or so in the morning, but ruled easier
later and gave but slight response to
the midday strength in wheat. Toward
the close 1t was rather weak, at about
q under the price it closed at yester-
day. Receipts were al cars, or nine
teen less than estimated yesterday.
For tomorrow 200 cars are expected.
Trading was fairly active, but OH all the
firm spots there appeared to be long
corn for sale. May started at $3.50
1850, sold down to 4516c, and closed at
4545 @45Ac.
Trading in the oats market was rather
limited, with range of &c in val
ues. Shorts were reported 10 have
bought in some stuff early, but all other
sales were scattered. Fluctuations fol-
lowed thoseot corn very closely. May
sold from 2938c to 2935c and between
those two prices all day.
The provision market was in the main
inclined to weakness. and closed finally
at declines of 115c in pork and sc in
lard and ribs. some offers Of long stuff
were not very well received, and the
holders apparently concluded that it
could not be disposed OF without .cauS-
ing greater decline than they were
willing 10 accept, and therefore ceased
their efforts after moderate loss. Es-
timated receipts for tomorrow: Wheat,
20 cars; corn, eco; oats, 80; hogs, 81, 900.
The leading futures ranged as follows: