St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-15
WENT UP WITH A RUSH
Another Little Boom Recorded
in the Wheat Pit at the
Close.
CORN FOLLOWED THELEADER
Eaking but Fractional Gains
for the Day--Pro visions
Strong.
STOCKS SLIGHTLY DOOMED.
fsajority Of Shares Showing
an Advance--Sugap One
Of the Leaders.
CORN FOLLOWED THELEADER
STOCKS SLIGHTLY DOOMED.

CHICAGO, March 14.-Wheat was slow
correspond to the bullish news which
flooded the market today, but shortly
before the close it started up with a
rush, ending 11sc higher for May.
Corn rather reluctantly followed, CHS
Ing &c higher. and May oats gained &c.
Provisions were strong and made
marked advances.
Wheat started shade better than 1t
closed last night. Much of the early
steadineSs resulted from bullish est.
mate by the Cincinnati Price Current.
Calculating upon basis of 1l5, 900 bu in
farmers hands, 1t indicated reduction
of the stocks of wheat 10 1000. 0C0 bu on
July l. That will represent visible,
the invisible, and, in fact, the total of
all wheat in the country at the est-
mated rate of consumption and present
rate of exports, according to the author
ity referred to. Minneapolis and Due
luth received together 273 cars; week
ago 3Sl were reported from the same
places. Primary market receipts, all
told, were 500. 900 bu, against 344, 900 bu
on the corresponding day of last week.
The exports from the four principal
Atlantic ports amounted to 340. 900 bu,
including both wheat and flour. The
foreign markets show considerable in
dependence of each other. Liverpool
was I'D lower, but steady at the de-
cline.
The English and French country mar
kets and cargOes off coast and on pass
age were firm. Closing quotations. from
Berlin were IL marks higher. There
were numerous reports from Kansas of
wheat damaged from the freezing and
thawiDg. Aud letter from Texas said
fields were being Dlowed up there. The
market gave very little response to the
floods Of bullish news which were re-
ceiVed until noon. The fluctuations,
which for the most of the forenoon were
confined to a range Of from SOC 10 5G14c,
broke bounds about fifteen minutes
after midday and shot up rapidly TO
size. The quick advance set shorts to
covering vigorously, and the finish was
firm at 5714c for May.
The corn market was sluggish and
dull. 1t gave very little response to the
comparative frmneSs in wheat early in
the day. and gave not a great deal of
attention to the decided strength wheat
displayed during the latter half Of the
session. Receipts were Ill cars. instead
of $50 estimated The estimates for to-
morrow are for 1870 carloads. May corn
opened at 455G(G4Gc. sold at 451s046c,
and closed at 40%5c.
There was fair general trade in the
oats market. all i'll small lots and scat.
tered, however. The strength in corn
and wheat was principally influential in
creating 6rElness in oats. May started
at 294 G2935c, sold down TO 291@291lc.
back To 2914c, and closed with sellers III
that price.
The provision market opened strong.
and was at no time weak. Pork opened
l219c up, rose another 35c in the course
of the session, and closed with net
gain for the day OF 40c per Dbl. Lard
was at its highest about the close, and
left eff with gain of 1216c. Ribs rose
TO l5c oyer the previous days closing
prices. The closing quotations of the
May deliveries were. as follows: Pork,
$l2.12!5; lard, $685., and ribs, s.. %.
The days run OF hogs was $1,000, and
10000 are the estimates for tomorrow.
The covering Of heavy line of shorts
for prominent provision firm was said
to underIie the days dealings, and the
packers were free sellers near the end.
Estimates for Friday: Wheat. II cars;
corn, 80; oats, 40; hogs, $4,000.
The Heading futures ranged as follows: