St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-01
Fine Weather and More Pacific Cables
Check the Bull Movements
of the Past Week.
The Entire Speculative List Opens Easier and
Closes Somewhat Lower
and Weak.
Stocks on Wall Street Betray Tendenc
Toward Weakness-Manipulato
at Work.
Chicago.
special to the Globe.

comparatively insignificant decrease of 81,
497 bushels in the visible wheat supply. The
opening was decidedly off, aud the lightness
of the orders from the outside aided the feel
ing of weakness. From the first it was a
traders day, with nothing very encouragg-
ing in his favor, as buyers were neither
numerous nor enthusiastic. The increase in
the corn supply weakened that product
slightly, and provisions remained dull and
nominally unchanged. Wheat was again
very weak at the opening, the crowd
APPEARING TO BE ALL SELLERS.
The first regular trading was at about 1c be-
low the closing prices of yesterday afternoon,
quotations being about 75c for April, SOC for
May, S15sc for June, and some scattering
bids for July at S3Ic. A sharp advance in
consols, together with much nilder and
more spring-like weather were causes which
principally induced free offerings, and short
sellers who had outstanding contracts show
ing some profit were about the only early
buyers. The demand from this source con-
tiuued liberia enough to produce slight re-
action, and during the first half Of the ses-
sion an advance of nc from inside opening
figures occurred. This, however, brought
renewed offerings on outside limited orders
and local operators also who believe in
lower prices in the near future
APPEARED ANXIOUS TO SELL.
Weakness again followed these offerings, and
the market receded to the lowest point thus
far touched, closing at l O'Clock weak and
unsettled. New York was without strength.
and prices there dropped in about the same
proportion as our own. The foreign markets
were fiat, private advices by cable represent
ing both wheat and flour as freely offered at
previous quotations, without finding buyers
Crop news was somewhat more favorable,
although nothing was heard from sections
recently reported as being seriously damaged.
Reports from Nebraska report the seeding Of
spring wheat as having progressed to the eX
tent of 90 to 20 per cent, with some in
creased acreage. Whatever may be the actual
condition of the winter wheat crop
generally, it is thought that with the
advent of seasonable weather and warm rains
we will hear of more favorable prospects
than those recently reported, and in that
event the weight of our heavy stocks again
will become
MORE PROMINENT FACTOR
In values and further decline follow. The
decrease in the visible supply had no per-
the more peaceful European outlook having
been the controlling festure to-day Should
a chance of war recede still further and the
supply and demand once more exert regu-
lating influence in prices, lower range will
probably be reached as good buying is not
expected until stocks now In store show
definite signs of depletion. This
afternoon the feeling was again easier
and prices were shade lower.
AT the close there were sellers at the inside
of the day, which was &c below the closing
figures Of yesterday. The closing figures
were 745Zc for March and April, 1899 for
May and 81 &c for June Up to the regular
close the day was one of unusual dullness,
the circumstances that 1t was the wind up OF
the month adding to the general depression
Only the well-groundcd belief that wheat
was u good purchase at soc, to have and TO
hold, kept the cereal from dropping in a very
sudden manner ''May the sgual-service
man who tempers the wind to the shorn
lamb pity the granger when wheat is under
SOC" said a transient bull when 79Xc was
touched, and as an evidence that his heart
was
WITH THE HONEST PLowNAT,
he at once bought 80 900 bushels at that
figure, and in less than three min
utes sold at &c advance. His mar
row margin of sympathy for the son of
soil was a fair Indication of the general feel
fng. There was nothing in sight 10 build on
and heavy operators were well satisfied To
stand quietly by and let things drift. The
movement to close the board on election
day is gazing friends and will probably be
carried.
In sympathy with the weakness in wheat,
corn opened rather easy, May selling at
4l3sc, or &C under yesterdays prices, de-
Ginning to 4l14c, but recovered again, clos
ing ut just the same price as last night. The
receipts were not as large as expected,
good part of Sundays receipts being included
in yesterdays inspection The visible supply
showed an increase of 700, 900 bushels, which
helped to
KEEP THE MARKET QUIET,
but throughout 1t showed good deal of in
dependence and closes up fully As strong
as yesterday. Cash corn was weak at
the opening, and prices about &c lower, but
large shipping demand set in at the de-
cline, and most OF it was recovered later
The closing figures were 3715c for March and
April Il &c for May, and &c fer June.
Oats are heavy and about lifeess on
basis of 3lB@31l4c for seller May. The
cash. At the cose prices were 211Sc for
March and April, 81 &c for May, aud 81 sc
for June.
PROVISIONS RULED EASIER
at the opening, but there was some
demand FROM short sellers, and the bulk of
the days trading was slightly over inside fg-
ures, the market dull and weak, prices about
DC lower, quality of receipts fair Packers
bought sparingly, as there is no money in
packing for them. Pork opened quiet at
$ll.SO seller May, declined to Sll.I5, ad-
vanced to Sll.S5, aud closed at $II.TTis.
Tue general disposition seems 10 be to force
prices lower, one theory being that packers
are irving to force out big long who
holds large part Of the short ribs. Cash de-
mand, however, is improving, and may soon
no, only help ont the big bull, but NAV help
the bears further into hole. One thing is
certain, packers say they can make no money
al these prices. The active spirit was in the
early part Of the day, aud the closing figures
were
ABOUT HALF WAY ONES.
showing decline Of 22hc in May pork.
e}se in lard aud sisc in short ribs
AT THE STOCK YARDS
the receipts 81 cSttle were heavy, trade fair.
aud prices steady on fancy big cattle, but on
ordinary shipping aud dressed beef steers
prices are from 10 to % cents lower than
LAST week. Butchers and farmers stock Is in
active demand and 20 TO IS cents higher
than last week. Receipts of hogs fair; dull.
aud 20 10 cents lower on ordinary run OF
packing and shipping sorts.
The Quotations