The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-27
WHEAT up A TRIFLE
NET GAIN OF A QUARTER SHOWN
BY THE CLOSE At CHI
CAGO.
CABLES CAUSED WEAKNESS.
STRENGTH AT ST. LOUIS GAVE THE
MARKET A FINAL HOUR
RALLY.
CORN WAS ALMOST STATIONARY.
Final Quotations Were Shade
Lower, With Provisions Also
Scoring Losses.

CHICAGO, March 26.-Wheat after acting
weak nearly up to the end of the session,
CLOSED firm at Ac advance for the May option.
Lower cables caused the weakness, and the
strong st. Louis market and poor Missouri
crop report the closing strength. Corn was
almost stationary, closing a shade lower. Oats
closed unchanged and provisions 212Q1Oc low
Liverpool, the fine spring weather at home
and liberal Northwest receipts contributed
to the break of from &c to &c with which
wheat started. The opening for May was
from 721kc down to 72Ac, compared with
725sG72%c at the close yesterday, and in
the next forty-ive minutes the price had been
pressed down to 72Bc. At that point a re-
port of the Missouri agricultural department,
giving the average condition Of wheat for
a number of the best counties in the state
at g. and suggesting that the full report
would reveal a low average, was received.
That caused a recovery to 7212c. Another
crop report, however, of quite different
character, and caused enough selling to put
the price back to 72Ac again The smallness
of these fluctuations shows how dull and
narrow the trading was. The report in ques-
ton was from the Winter Wheat Millers'
league, with headquarters at Indianapolis, and
gave wheat conditions in the states named
follows: Ohio 81; Michigan, 81; Ken
lucky, SO; Tennessee, 971z; Indiana, "; I'LL
nois, so.
Liverpool quoted a decline Of I'd at the
opening, Berlin loss Of q mark. Chicago
received 10 cars, Minneapolis and Duluth
received 43S cars, against 297 a week ago,
and 892 the corresponding day of the previous
year. Exports from Atlantic ports were again
small, amounting in wheat and -four to 1893 900
bu. English cOnsols were 5-16c lower, and it
was rumored that French government secur-
tiles had also declined. The latter rumor was
said TO have been the occasion Of a strong
spell in the market about 1915 o'clock,
when the May price took a run up to 1875,
all day keeping well above the previous days
closing price for July and considerably high
er than Chicago's July price. During the
last hour the price rallied to 73c, due largely
70 sharp upturn at st. Louis, where July
sold up to 75c. The closing was firm at 727sc.
1t a simple case of continued stagna-
ton in corn. Fluctuations covered a range
of 3-16c, but it was not the result of any
increase in the volume of business. The
opening was at a shade under yesterdays
figures, and there was scarcely enough en-
ergy to the market to change the price. Elk
port clearances were $4,000 blu. May opened
at 2413c, sold between 243s@2412c and 245sc,
closing at 2412c. The. only animation dis
played by oats around the opening when
shorts sold quite freely, and brought about
a slight decline. Offerings were readily ac-
cepted, and after period of weakness prices
rallied. The frmness in wheat was a factor
in the recovery, My opened a shade lower
at 17q171sc, sold T. 167k@17c, and rallied to
17isc, where it closed. The provision market
was as dew 4 Of interest as the grain mar
kets. small run of hogs had no perceptible
effect on the market Armour was credited
with liberal selling and this brought about
gradual decline. At the close May pork
was S. C5gS. sly; May lard, 81, Az, and May
ribs, $4.671a. Estimates Wheat g. corn
120; oats. l12; hogs, 5000 head.
The leading futures ranged as follows: