The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-09
SUMMARY.


CHICAGO. March S.-Wheat developed into
q bull market late in the session, and closed
&c higher for July. May closed unchanged.
Declines, resulting from dizziness and bear
ish statistical news, were recovered by buy
ing by Letter and by houses which have been
heavy sellers recently. Corn was firm, on
the renewal of shipping business and ad-
Vanced SAKE. Oats closed 1sc higher. Pro-
visions were irregular, pork losing TIC OF Its
previous value. while lard and ribs showed
no change.
\ weII-deiined bullish sentiment was ap-
parent at the opening in wheat. Plenty of
bearish statistical news was at hand. but
the crowd was too bullish the European
situation to pay any attention to this at
first With a good demand from shorts July
opened 32c higher; at 9O94c, and advanced
at once to 9O7sc. May opened 12q&c higher
at $l.O5L dS.C5i2. The latter delivery, how
ever. has almost ceased to excite interest.
At 907sc for July, offerings became heavier,
that being cali price There was, free
selling against those privileges, and also
coed deal of scattered realizing. This re-
suited in a gradual decline in July to 90$sc.
The heavy receipts here and in the North
west were influential in this decline. Min
neapols and Duluth reported arrivals of 529
cars, against $50 last week, and 1927 a year
ago. Chicago receipts were 1873 cas- q
of which were of contract quality. Besides the
contract wheat from regular sources, "a cars
and 24,090 bu were transferred from I'M
licensed houses.
A long period of dullness followed with
prices keeping within an exceptionally mar
row range. About the only incident was the
support given May by Letter brokers at
ciined.
Around the noon hour the market began to
show strength again. Bad reports about
the crop conditions in Missouri and Illinois
came in. Atlantic port clearances amour ed
to 44000. Buying of July by house which
has been a heavy seller lately. became quite
pronounced, and as Letter brokers were at
the same time supporting May and Septem-
ber prices slowly recovered. The advance
also resulted in a cons derabe broadening of
the trade, as shorts CAM INFO the market
wave to follow rain was ignored early, but
brought in some outside buying orders late
IN the session. July advanced to 91B@91Ac,
and left off at Gle. May closed at $1.04A
and September at S0iAc.
Trade in corn was unimportant The feel
Ing was steady all through the session, the
revival in the shipping demand being the
principal factor. Cable acceptances were
liberal, clearanCes being put at ,0G0 bu
Business was monopolized by pI ofessionals
QAc higher at 301sc
Oats were slow within very narrow range.
Trading almost altogether of a scalping
order. The feeling was firm, principally
from &c to 1854 G267sc and closed &c higher
at 267sG27c.
Provisions were weak most of the time
There was considerable liquidation through
commission houses early In the day, and
this was the decline in prices at the yards
ing marked in pork. A little buying hear
the close caused better feeling the mar
ket closing steady. May pork closed 71a
lower at $10172; May lard unchanged at
Estimated receipts Wednesday: Wheat, 10
cars; corn. 80 cars; oats, 259 cars; hogs
5000 head.
The leading futures ranged as follows: