St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-03-10
4 SLIGHT ADVANCE
WHEAT is BUT MODERATELY ACT
I'VE, CLOSING WITH A FRAC-
TIONAL GAIN.
THE MARKET WAS FAIRLY FIRM
AND HIGHER PRICES AT LIVER
POOL GIVE STRENGTH TO
DEALINGS.
CORN WAS EXTREMELY DULL,
Oats Were Active and Provisions
Strong and Higher on u Good
Live Stock Market.
THE MARKET WAS FAIRLY FIRM
CORN WAS EXTREMELY DULL,

CHICAGO, March 9.-Wheat was shaken up
considerably today by the conflicting figures of
last weeks worlds shipments, but was we'll
sustained, and closing figures showed a gain
of about &c since Saturday. Corn and oats
show but little appreciable change, though
closing firm. Provisions closed with consider
able improvement for the day. Wheat was
only moderately active today, and kept within
a narrow range. but averaged slightly better
than it closed Saturday, Notwithstanding the
&c decline in wheat Saturday. Liverpool OPP
ened this morning with 1ld advance. This I'M
expected strength abroad, in the face Of our
recent break, was something of a surprise, and
started some covering by shorts and more dis
position to buy for investment, and there was
some early improvement, The receipts in the
Northwest were also strengthening factor,
they being nearly 100 cars less than the same,
day last week, and they were little smaller
than a year ago. But some of the develop
ments which followed were less encouraging;
this was especially the case with the worlds
shipments, which were officially reported as.
nearly 100000 blu. On this the early buyers
began to let go, and there was quick drop of
nearly 1kc. But private cables did not agree
with board OF trade figures, claiming that the
amount was fully 100000 blu too large, and
this doubt caused some reaction, and all the
decline was recovered. The visible supply
cludes the loss of !, 060 900 blu at Minneapolis
last week, the actual decrease was only about
49, 900 blu, against 922, 900 blu week ago, and
1044, 900 bu the same week last year. This was
not at all encouraging to buyers, and prices
weakened somewhat in consequence May OPP
ened about Ac higher at 65ssq651ac, sold to
64Bc, reacted to 65$s@651ao and back to 65Ac.
The trade was still in the dark up to the close
of the market as to the correct figures on the
= worlds shipments, and with some eXpecta-
ton of finding the smaller quantity corrobo-
rated tomorrow morning, the price became
firmly established at 653s @651ac as the market
was closing Corn was emphatically dull and
fluctuations narrow in consequence. May OPP
ened slightly higher, at BOISE, but sold off as
wheat weakened, but as the latter rallied corn
recovered, too, and closed at S0Kc Oats fairly
active. Some weakness was caused early by
the offering of several heavy lines. Good sup
port given however, and May opened
fractionaly lower at 20Bc, closed at 20B@21c
bid. Provisions exhibited some activity. The
opening strong and higher firm live
stock market There good general de-
mand and considerable buying by packers, and
prices were well maintained At the close
pork showed an advance of 15c, lard &c and
ribs 71ac.
Estimates: Wheat, 10 cars; corn, 500 cars;
pats. 400 cars; hogs 200 head.
The closing quotations ranged as follows: