St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-30
WAR And DROUGHT
Cause a Scare Among the
Shorts and Send Them to
Cover.
CEREALS ALL GO HIGHER.
Gain Of Fractions Shown at
the Close--Provisions Are
Little Changed.
ACTIVITY I'M WALL STREET.
Zone of Speculation Firmer
and Appreciation Of VAL
ues Shown.
ACTIVITY I'M WALL STREET.

CHICAGO, March pa combination
of foreign war and domestic drouth
scares set the shorts in wheat to COW
erinG today, and after 1Bc advance
May closed &c higher. Corn followed
reluctantly, gaining 1sc for May, and
May oats closed 14c higher. Provis-
ions finished with but little change.
Wheat was irregular at the opening,
due to the weather bureau reports, as
they appeared in the morning papers,
predicting rain for tonight, and to
still later forecast issued at Z O'Clock
this morning and exhibited on change
before the opening, presaging falr ana
colder weather for tonight and Satur-
day. The opening bids for wheat were
551kc for May, but 55Ac was PAID al
most Immediately. The price rose TO
555s65534c in the course of the first hall-
hour of the session. Shorts were good
BUYERS, exhibiting considerable ner-
yousness over the crop situation.
There was a suggestion of trouble
brewing between England and france
in the cable dispatches published IN
the morning papers, ana II was
thought that some of the rather ViSor-
Gus buying of the forenoon was due 10
that. Dry weather and conspicuous
absence of offerings were the cher
reasons. but they were enough 10 put
the price of May wheat up to 5oc ne
fore II o'clock. There were also ru-
mors of further purchases OF cash
wheat here and at St. Louis. whlch
helped the buyers and Increased the
scare of the previous sellers. Export
clearances were fairly liberal. amount
ing in wheat and flour to 32o.oOo pu.
Foreign markets opened without note
worthy change, but Paris closed weak
at a decline of from % confines to ID
confines for wheat, and that caused
reaction here.
the reaction from SEC reached its
limit at Sole, and after that 1t worked
inward again, until $3.50 was freely
hid for q few seconds with 1-l6c over
that paid for one or two lots. me
market was active and nervous, VITA
plenty of sales on the big bulges ana
hosts of buyers on the moderate
breaks. 1t surged up and down Be
tween 553lc and sec several times, ana
finally closed with sellers at 7sc.
The corn was almost completely
neglected, although it had range
of &c per bu between the extremes
OF it's price for the day. The transac-
tions were extremely small. The re-
ceipts were 152 cars, or 8 less than
estimated yesterday, but for tomor-
row $50 are expected. The opening
price for May was 46Ac but it started
I'D Immediately and did not stop until
it touched 46$lc. The advance in
wheat being the only apparent in
fiuepce, the price. dropped back to
around 461ac and 1890. where it re-
manned during the greater part OF
the session, closing at 4G12c.5 - -.
Oats were active and stronger, with
a good business transacted. The de-
mand was urgent and sales made
readily Seckel was a heavy buyer.
Other buying, as wen as the main
selling, was scattered and general.
May sold up from 2915@295sc to 3O1sc,
closing, after a slight decline, at
$3.50. July ranged from 2S7sc to 29Ac,
resting at the high price. During the
last two days there has been a very
good business done for Eastern ship
ment in cash oats. and something
close to May price has been paid for
anywhere from 250,GGe to 100000 blu.
The understanding is, that the in
y
rates to the East.
The business done in provisions
was fair in amount, and the fluctua-
lions were over moderate range,
with the average of the days trans
actions at an improvement upon the
closing prices of the day before.
Shorts covered rather freely on the
declines, but offerings were at no time
Of the day heavily pressed The de-
mand for ribs was good, but buyers,
as a rule, did not bid for them, pre-
ferring to wait until they were Of
fered. After an advance of Zoe, pork
closed only 21ac higher-than. the day
before. Lard in the end was from
212c to Sc lower, and ribs without
change the steadiness shown coming
from the light receipts of hogs. Re
ceipts for Saturday: Wheat. 80 cars;
600.
The leading futures ranged as fol-