St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-05
A LA MODE De PARIS.
American Grain Markets Fol-
low the Fashion Set in
France.
EXCITED AND BULLISH.
Wheat Closing Higher, but
Corn and Oats I'm
changed.
FREE SELLING OF STOCKS
Checked a Bullish Tendency
Reaction Near the
Close.
FREE SELLING OF STOCKS

CHICAGO. March 4-Wheat followed
the fashions today. and took its cue
from Paris. French markets were eX-
cited and higher, and this, with other
bulliSh news. resulted in firm market
here. May closing &c higher. May corn
closed unchanged, and May oats un-
changed. but provisions finished at ad-
Vances.
The wheat market started firm. with
plenty of buyers ofMay at 543sc, where
as the majority were sellers at that as
rading came 10 halt Saturday. In
side of The first ten minutes the price
had reached 542s@54$4c. The foreign
markets were all quoted strong at the
opening, and that, coming after rather
weak day on this side Saturday, was
the cause of the upward tendency here.
The French warehouse stock report
showed 100000 blu, against $500, 900
last year, and this marked decrease
caused much of the strength shown
here and abroad London, Liverpool,
Paris and Berlin were all stronger at
the opening. The English and French
maj ketS retained their strength to the
close, but Berlin was quoted as winding
up with l mark decline for March and
a mark for later months. The Paris
market showed a further gam today of
from &c for March 10 about &c per bu
for the May August term. Liverpool
stocks of wheat are 5000 tons, or 2, 224,-
900 Du less than they were week ago.
The receipts at Minneapolis and Du-
luth were 1926 cars, against 5SS- year
ago. The total quantity received at
primary markets was $4,000 bu, and
the shipments of flour from ali primary
Western points were equal to about
1885, blu. The amount of wheat on
ocean passage increased 800, 000 bu dur
ing the week. which more than offset
decrease in the visible mere of 10000
bu, but that did not prevent another
rise in price here to 55c for May, which
was mainly in consequence of the
French necessity for wheat, and the adj.
vance in price here reached 551Sc, at
which figure there was free realizing,
causing drop from the top, but May
closed firm az J4$4c.
The corn market was barely sustained
by firmness i'll wheat. None of the
dsy's news was Of character TO change
previously formed opinions. Receipts
~
row $50 cars are estimated New York
reported buying orders from London,
but the cash demand for through-biIied
here was not any brlsker than before,
and that absence of Eastern demand is
the weak feature which for some time
has been breeding bears in this Iharket
The visible Increased Tor, 900 bu last
week, compared with 935, 900 blu on the
CORES spending week of the previous
year. May opened at 4451sc, and closed
atthat.price bid. +'Phe lowest was 49,
0f55s, and the highest. 4516c.
Nothing OF Importance was reported
in the oats market, and a very quiet
session was passed. Prices were firmer
during the greater part of the session,
in sympathy with corn, but closed at
2915c fer May. after having sold as high
as $3.50. he visible supply showed a
decrease i'll oats of $4,000 bu, which
may possibly have helped the early
hrmness to some extent
Provisions were firm at the opening,
and 1t developed in the course of the
session that the offerings were not suf-
6clent to supply the demand, which was
supposed TO be largely from Cudahy.
Under such circumstances the price
kept hardening. and at the close the
best rates Of the day were obtainable.
The days gains for the May deliveries
were l71ac i'll pork, nc IN lard and I0c
in ribs.
Estimated cars tomorrow: Wheat, So:
corn, $50; oats, 140; hogs. sc, coo head.
Inc leading futures ranged rs fOJinyvc.