St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-27
BULLS HAVE A DAY.
Gain Of a Full Cent Per
Bushel Recorded in
Wheat.
ZIG DECREASE IN VISIBLE,
And Most Favorable News
From Abroad--Provis-
ions Strong.
tRREGULARJTY IN STOCKS.
Trading Unsettled in Tone,
but Volume OF Business
Strong.
1RRECULARITY IN STOCKS.

CHICAGO, Feb. ga gain of 1c per
bu in wheat today made a red-letter
day for the bulls. 4 decrease of nearly
100000 BIZ i'll the worlds visible stocks
last week, $3.50. OC0 bu Of it occurring in
this country; shipments from exporting
countries, which fell 100000 bu short
of supplying lie weekly needs of the
importing nations, and evidence that
American wheat is now the cheapest III
the world in tile shape CT anxious IN
quiry for il from abroad, were all ele-
ments in toGay'S strength. Country
millers bought $50, coo bu in Chicago Of
the red winter wheat, and New York
reported Is boat loads of the same
taken there.
The wheat market opened firm and
ruled strong during the entire forenoon
The Liverpool market was called firm
at sd advance and With upward len
dency. Paris was quoted firm, Berlin
4 mark higher, and New I FORK reported
a continental demand for wheat. The
English visible supply. which Yesterday
was reported to have increased 63O,O00
bu last week, it was found had de-
reased about SO0,0CO bu, mistake
having been made i'll the quantity of
flour said to have been imported, which
made the above difference Of about
100000 bug in the result. The total
quantity put afl0at from all the exports
ing countries last week fell 100000 Du
short OF the estimated weekly requires
ments of the importing countries, and
about noon it became known that the
stocks in this country at the points ins
cluded in BradSIleel's visible had de-
creased 1858, 900 bu, compared with
decrease of only l.l45.000 bu at the same
places on the corresponding week Of
the year beOfre. The one solitary bear
iSh feature in the days announcements
was the receipt of 615 car loads of
wheat at Minneapolis and Duluth, but
that is all spring wheat, worth from sc
to 1c per bu more than the article which
is being speculated in.
Corn started strong without anything
particularly encouraging that was not
previously known concerning 1t. The
receipts here were 800 cars, compared
with PCS estimated yesterday, but the
course of the market yesterday was not
cutie satisfactory to the lOca! shorts, and
L
ing up of the country roads, which was
one of the reasons given for the tirm-
ness of the day before, was again re-
ferred to and appeared to be one OF the
actuating influences against this morn
ing. Some confirmation OF the effect or
bad roads was found in tie fact Of the
estimated receipts for tomorrow being
only 100 cars. St. Louis sent bullish
dispatches and buying Orders.
The Opening price for May was 4514c,
and very soon it touched 1913 G@4515c, it
dropped back 10 4515(0454r. rose again
10 1875 014515c, reacted to 45c, and then
became strong again, advancing to 451ac,
and closing with buyers at 1850.
There WAS considerable activity to
oats, accompanying the higher prices.
The advance was Influenced principally
by the tirmnesS in wheat and corn, to.
gether with some effect resulting from
BradStreet's report Of a decrease in
oats of 230,0Q0 blu. May opened at
2936c, sold at 2915c, down to 291l(02935c,
and up TO 2913 0.925C, at which price it
closed, an advance Of 118@4c since yes
terday.
The receipts Of hogs we're $4,000, and
that, confirming yesterdays estimated
light run, gave the provision market
slight lit at the start of about sc i'll
pork and 215c in lard. AT the close
that gain was lost and little more.
Pork, which closed yesterday at S10.25,
opened at sl0.2119 and sold as high as
SlO.39, dropped back to $40 49, but
owing to the closing strength i'll wheat.
the price recovered to $!0.22115, and
closed at that. Lard sold at S6:5219 and
closed at s6.4715. Ribs solo from $3.50
to $685. and closed at 50 .2715
I he receipts for tomorrow are esti~
mated as follows: Wheat, IL cars;
corn, 100 cars; oats, 1O7 cars, AMI $4,000
hogs.
CheIeading futures ranged as follows: