The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-03-29
MARK ErS.


Chicago. March 2S.-The question of
peace or war overshadowed all else on
change today. Assumptions of a peace
full solution of the Cuban question are
shown in sharp recoveries from early de-
clines. and with the exception of oats.
everything closed strong and higher.
Wheat advanced Jsc for July. and 1hc
for May. Corn closed Amlsc higher: oats
a share lower. and provisions 2hal2l9c
higher.
Wheat started with an appearance OF
firmness that gave way almost immedi-
ateiy to one of weakness. There was a
mild disposition shown at first 10 cover
short lines on account OF the low tenn
perature prevailing In the Northwest.
Heavy rains were reported over the win
ter wheat country and fears of further
damage by the cold, coupled with uneN-
pected strength at Liverpool. where some
futures were 7.d higher, started the mar
ket. as far as July and the more distant
futures were concerned. at prices a shade
better thar Saturdays closing. Smaller
receipts i'm the Northwest also offered en-
c~ouragement to the bulls. But the mar
ket turned weak at once. What little de-
mand there was for the shorts had soon
been satisfied. and as no other support of
consequence materialized, the decline for
a few minutes was rapid. selling on from
q &c, its opening price. to s3ssc.
Another source of weakness was the
large addition to the contract stocks. Be
sides the q cars received from regular
sources. 140 cars and &c. 400 bushels No. 1
northern were received from mixing
houses. a total of about 203. go bushels In
all. After the decline to s2ssc In July
there was a rally to s2hc under covering
by scalpers, but prices sagged again In a
short time to s2rc, and held around that
about IL o'clock. Then the market began
to improve. The decrease In the visible
supply. 1856. 900 bushels. was much great
er than looked for. But everything else
was lost sight of in the consideration of
the news relating to the crisis between
the United States and Spain. Reports
that Spain had accepted the suggestions
OF this government in regard to Cuba and
the tone of the presidents message TO
congress started a buying demand that
increased in volume as the session wore
on. and did not cease until the closing
bell sounded. Shorts Of every descrip-
ton were driven TO cover, and Investment
buying. which has been almost totally
lacking for some time, was i'm evidence.
Half an hour from the close, July had
advanced TO slsc. Realizing was quite
heavy AT this point. and the price re-
acted to S7sc. but rebounded again short
iy. The close was strong at SAC bid. MAY
was traded In very little. II opened ~
I ONtls 1T Sl-pDT2s poh
81 .o4. and during the activity In July sold
up as high as 81 .ois. IL closed at a.6h%
Corn was fairly active and firm. will
the exception of a short time after open
ing. when some decline took place In sym
pathy with wheat. May ranged from
2s.c to 2sIznAse. and closed ssGizc highei
at EhsC.
Oats were heavily raided during th'
morning by all classes of longs. Liquids
ton was general. and prices broke sharp
~. The market reacted when the turi
came in wheat and corn. but the recover!
was only to previous prices
Shipping demand was slow. May range
from 25Lq4sc To 24sc. and closed a shad
lower at &lsHi.c.
Provisions. like everything else. wsr
weak during the first part of the session
AT the close May pork was l2hgc higher
at $50: May lard 2izc higher. at H.s
and May ribs Sc higher. at S.02i=.
Cash Quotafions
Cash quotations were as follows: Fiou
quiet. No. , spring wheat. Sassc; No.
red. 81 02al ga No. ? corn. 25sn2ss'
No. 2 yellow. &7s a2sisc No. 2 oats. %
No. ? white. {. o. b.. SE901zc; No. 3 whit
z1a2S.c. No. 2 rye. 4sl-c: No. . barley.
n a y3i.n4ac. Nh 1 flax seed Al lea