St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-01
IBuLLS IN A BRAMBLE.
An Attempt to Sustain Satur-
days Prices in Wheat Fails,
The Market Falling
Over Cent.
Corn OF in Sympathy With Wheat,
With Brisk Movement to
Sell Among Weak
Holders.
Pork IND Lard Add to the Bulls Misery by
Doing Likewise to a Small Extent.
a Downward Tendency in Wall street,
Union Pacific Leading, Followed
by the CoaIers and
Changers.
Drk md Lard Add to the Bulls Misery by
Doing Likewise to Small Extent
CHICAGO.
sleeIal Telegram 70 the GIobe.l


change opened quiet and steady, with only
moderate business, but later in the session
wheat became decidedly weak, and in sym
pathy With it other cereals became lower.
There were two lines of short wheat covered
early, one for local and one for outside ac-
count jter which the marked ruled stronger
under oeal efforts to hold it. This
latter feature failed, however, and the sale OF
: 100000 bushels.of May at SSc by local
operator pgicked the strength, and the market
soon became demoralized under a general
1hroBiag # long stuff On the bottom the
sales u longs were heavy and shorts seemed
the principal buyers. The market opened at
atout 81 for May, advanced to SS5sc, and
easd OF gradually, under light demand,
qioalng at s7@S755c.
Corn veraged firm, with brisk trading
sos Of .hs day, but when the weakness set
= IN. vacai, there was lively movement TO
Sen among some of,the weak holders, which
ale5 decline Of wheat nc from the
lgaest POINT
ions there was little doing in a
way but the general trade was
ion aad the days transactions fell under
evso an 5rllnary volume, and the cash pro-
6uc was almost neglected. The feeling was
weak as compared with Saturdays clos
Ing pork suffered decline OF 15c, lard
t05Ec, and short ribs Zoe.
On the call wheat was offered more freely,
end declined 3sQ4c, but the heavy cover
ing Of shorts prevented a further break, May
sold 1T s85 @S7e, and closed at the former
fgaire bid There were sales Of 2,056,000
bushels. gorn was active and hrmer at 551I
c, May closing at 5595c bid. Sales Of
200 600 bushels were reported. Oats were
in good request and steady Rye was ne
lower, pork weak and sc lower ribs 2]1Ic
lever and iard steady.
Wheat was moderately active, with only
moderate business, and prices were irregu-
lar, flctua ng about &c, and at the close
seller Nay vas &c lower than on Saturday;
Bller jane &c lower and seller July about
Ike lower The market developed no
special feat 1res, and the ups and downs
were largely due TO the prepon&erance Of
is1yafs or sellers at the time The business
wss srgs ia changing over from month to
month. Nearthe close the market became ex-
eesding weak and slumpy, some large oper- 4
ators commencing to sell heavily aud prices
dropped fully 13lc from the highest point
and closed weak at the decline. May ranged
ct 869I@s81Sc, with few sales at the ex-
tremes Early sales were at 87TG@Ssc; eased
OIL and sold sparingly at 872lc; then firmed
np and sold 10 SS1Sc; then down, with slight
Buctuaaons to 87%c; then irregularly to
s8c and 1nally became slumpy to S65Sc,
with some sales at S62lc, closing at 87776c.
Sales Of regular wheat were made in storeof
Q cars winter receipts at $50; cars set
edged at 664c; 1 car at Ss55c; 2 at s9c apd
st S93&c 0. b.
Corn was rather quiet, but opened con-
siierAbiy stronger than on Saturday and sold
&c oyer Saturdays closing figures. Shorts
were liberal buyers early, being little ner-
0ous over the fact that only 17S cars we're IN
spectod IN the lost forty-eight hours. But at
the advance there was pretty free sell
Jug, uDdarH hieh the market soon began to
weaken, aaa was stiI further depressed by
5hs weakness in wheat. May falling 115t
1roui The highest point early, changed slight
b., closing with May 1c lower than
i closed Saturday with June
end July c lower May ranged $500
55T5c Early sales were made at So 55s@155$le,
With some sales at 5615c. Prices fell to 56]4
@gGs5e rallied to $500, then began to
Haaken and as they declined the offerings
became neayy. Near the close it fell TO
e5}e bag Sod only sparingly at that, closing
at 1c. There was a good shipping
demand for ample corn of all kinds, and
price e.e seady and firm at Saturdays
s,rr,ree a.sr17 tho f7aTr 1cxrar Of
tAe close
Oats opened quite firm, and sales were at
eshgff adance, but soon weakened of, and
{ol the later part of the day were depressed,
dosing 81 ecline of 9SC@15 for all near de-
Hyedes. Nay sold at 331S@335Sc az the
apeniur bU felIto 325SCa93c on a split, and
elssed np soy at Sse.
Rye vas more quiet and prices ruled lower,
wth IA demand for cash lighter and the
song fares eglected and hardly traded in at
aii So cash was about size regular to
50c fresh. earley was neglected and dull at
82o for no lash.
ia the provision market business was
eaet tradiag in pork being entirely specula-
k7e and mainly local, aud scarcely moder-
ste Ia volume. May and June claimed al
most exclusive attention, and outside these
fltues The uarlet was practically inactive
The opening was quite strong, but as the
day advanced prices ruled easier,
nd at the close showed a de-
cline 81 Use. May opened at $17S5,
advanced to $3.50, then ruled easier and
closed at 5@177715. June opened at
el8 ranged between $17S5@1s, and closed
Il Sl7 s5@i SIX Lard was quiet, with the
trading speculative and confined chiefly to
Alay, June and July. May wos in moderate
demand aFsued at 1875, sold at IS. 40
g8755 and closed at SO. SO@9. 325S
The estimated receipts of cattle were 4, 200,
against AGO last Monday. Under the higher
receipts, more favorable reports from New
york ard The foreign markets, together with
the fact thai The supply of cattle headed to-
wards the consuming markets was small,
there was an active demand at strong last
week S prices, about all offered were sold
and the market closed firm Common COWS
sold At d range Of SS@S.5O; fair to good
Sc Y5tll4 80 common bulls So. 5o@4, and the
best. incIoaing distillery lots, al 81 25@4. 90.
TdehL steers Of 900 and upwards sold at
$500 So; IF 900 to 1850 at s5.25@5.75,
Of .15o il $50 Of s5.5o@5.9o and export
On u seE8.4q
Rec4isls 81 logs were $500, against 1850
sasE Monasg The market opened weak,
aisd sw sales at Saturdays closing. Later
eean1e anl and weak, and closed at
ahase low Ices. light grades selling at
e. Sc es heavy 70 choice; heavy mixed
nelans s na.50 aor common ho IairA