The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-10
Up ON WAR TALK
WHEAT, AFTER A DRAGGING SEES
SION, CLOSED AT A NET ADJ
VANCE.
CRETE NEWS AND CASH TRADE.
w FACTORS COMBINED TO PRO-
DUCE THE RALLY AT THE
END.
SIMILAR COURSE IN OTHER PITS.
Opening Weak All Around
the Influence of UnfavHrable
Items of Statistical News.

CHICAGO, March 9.-Wheat, after show
ing weakness all through a dragging session,
became strong near the end on the renewal
Of the war scare, and closed at a &c advance.
Good cash sales also helped to create the
closing frmness. Corn, oats and provisions
pursued q course similar to wheat, opening
weak, and closing firm at slight advance.
May wheat opened weak and lower, the
opening range being from 745s down to 743sc
compared with yesterdays closing price of rs
@75hc. Almost everything in the way of
news conspired to weaken the market. From
Liverpool came lower quotations for wheat,
the board cablegrams reporting I'D decline
and a private message Id. English consols
were unchanged at yesterdays advance, and
press dispatches indicated confidence in the
ultimate peaceful solution Of the Cretan sit
uation. Northwest receipts were fairly lib
eral. Chicago receipts were 80 cars, against
IS last year. In addition the weather was
mild, moist and spring-like. About half an
hour from the opening a New York dispatch
reported that English consols declined Il
per cent from first quotations., and some local
shorts covered wheat they had sold at the
opening. New York wired further that there
was more general inquiry for the United
Kingdom, the other markets Of which were
not as weak as Liverpool. May wheat on
the last mentioned dispatches became frmer
and advanced to 74Rc. Then another slow
decline ensued, the price getting down to
741kc about noon, principally from the dull
ness of trade. Business in the pit was al
most entirely among the scalpers during the
forenoon, and very little of that. Bradstreet's
statement Of the visible supply, which might
have created a diversion in favor Of the
bulls, was not Issued, and the latter had to
depend upon floating rumors Of good inquiry
for cash wheat to keep their courage from
deserving them. These rumors took tangible
shape during the last hour, when cash bust
ness to the amount of 10, 900 blu was reported.
The strength which this caused was greatly
augmented by reports of renewed fighting in
Crete, the price of May finally advancing to
75%c. The closing was at 75Hc.
Speculative trade in corn was light. The
market was weak for an hour after the open
ing, and after that sellers became scared
and a firm undertone succeeded. When wheat
became strong later in the session, shorts
took alarm, and the price took a little squirt,
Exports were 496, 600 blu. May opened at
242c, sold between 242s@24hc and 24%c, clos
Ac range all day with the market almost
entirely devoid Of news. The bad weather
is expected to lessen receipts. May opened
at 17ssc, sold to 17h@17Bc and closed at
17hc. Provisions opened easier on the weak
hog market and an additional decline fol-
lard especially, which weakened the whole
list. English houses bought literally ON the
decline, and the market gradually became
firm. The strength Of corn and wheat also
helped near the end. At the close May pork
was IS. 32k; May lard, SAILS; ribs, $4.37kG4. 40.
oats, 20 cars; hogs, SO, 600 head.
The leading futures ranged as follows: