St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-13
The COMMERCIAL RECORD.
The Grain Markets We're Stronger Yes
terday Morning and Wheat Cables
Showed a Better Market.
Around the Opening the Bears We're
Heavy Buyers Of Wheat, and
Corn Was Bullish.
Practically Nothing Was Done III the
Provision Pitcher Markets
Unchanged.

CHICAGO, April 1.-THE grain markets
were higher this morning. Wheat cables,
public and private, were stronger, and
Geddes, who has been one of the most IN
compromising of bears, was the largest buyer
around the opening. Bloom was also good
buyer, and commission houses seemed 10
have plenty of business. May wheat ad-
vanced to 7Sl2c, June to 79Ac ana july 10
soc. Receipts of corn were only "a cars
New York and Liverpool were quoted as
strong. and the local crowd was bullisD.
The price of May rushed up s4c to 53s4c and
June to 53l2c. There was practically moth
ing done in provisions. The early range was
Sl4O7126I4. 1712 for May pork, S7.67l2 for
May lard, ST. 1907. 17I2 for May ribs. Wheat
uprose to 1850 for May, 1850 for June. and
S08sc for July, the difference between May
and July widening another Ac. Ream,
Hutchinson, and four out of five of the
heavyweight professionals fought the adj
vance, and finally checked it, turning the
market and causing reaction of l2c. The
prices did not go below yesterdays closing
range, however, and every 18c decline met
q lot of open buying orders Scalpers on the
bull side turned investors and stood pat on
their purchases instead of running at the
first sign of adverse currents. Pounding
was powerless to depress values below the
range indicated and the bears were rather
less confident than usual, though still full OF
aggresslveness. The best general buying
was by the commission merchants New
York poured in a flood Of bearish advice all
morning, but did not sell much. 1t tried
the experiment of bucking the market at long
range by electricity. English advlces were
rather bullish in tenor, and represented the
tone of the markets there to be better, and
willingness to receive offers OF wheat for
June shipments was manifested. There was
more buying of wheat for continental ac-
count, and the home traders are once more
taking an interest in the board of trade mar
kets. The country has not as yet caught the
fever to any great extent, thought is plainly
in the process of waking up to a knowledge
OF the fact that something is going
or in the markets. The snow is disappearing
in the Northwest, and in few days seeding
of spring wheat will begin in earnest. The
season is nearly three weeks behind, as was
the case in 1881, the year of the crop failure
in that section and high prices in Chicago.
That was the year when Handy came up
from Cincinnati and run wheat up 40c
bushel, the bulls then breaking his friends,
who started the market from S1.35 up to
$1.49. Some of the greatest bull years have
seasons of depression. The local wheat
market was quiet during the last hour and
prices did not wander away from 754c for
May The estimates for corn to morrow are
for rs cars, and there is no present prospect
of very large increase in the movement for
the next ten days. The prices advanced to
54c for May, at which figures Hutchin-
son, Walker and others, buyers of yes
terday, turned sellers. The market only
reacted Csc, however, and was firm at the de-
cline. Trade was of liberal volume and the
sentiment Of traders professional and other
wise is overwhelming bullish. The 60@65c
corn bulls are numerous on the floor now.
In provisions the tone of pork and ribs was
heavy. Lard, on the contrary, was strong at
a gain over the improvement of yesterday.
Speculation in provisions was not on a very
generous scale. At the afternoon session
provisions were dull and trile easier
Wheat was weak and excited, and after Vac
decline 1t rallied for O time, but closed Ssc
lower than at p. m. Corn sold lower for
May and steady for July. Oats fractionally
lower. At 2:30 p. m. close-Wheat April,
7334e; May, 77a4c; June. 7912c; July, 791sc.
Corn. April, soc; May, $685.; June. 53Isc;
July, $3.50. Oats, May, 81 lsc; June, 31Ac;
July, 31B@31A. Pork. April. May and
June, SD: July, $14O5. Lard, April, $3.50;
S7.72l2. Short ribs, April and May, 81. 1912
June, 7.2O@7. OPP: July, $727H2@7. 80.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. May opened at 1850 closing
July, Soc closing at 79lsc; December, s17sc
closing at Sl4c. Corn-No. May opened at
53ssc, closing at $3.50: June, 53lsc, closing
at 53lse: July, 53c, closing at $3.50;
August, 53Ac, closing at 53ssc Oats-No. 2
May opened at 3lAc, closing at 31lsc;. June,
Sic. closing at 31Ac; July, Bic, closing at
3l1sc; August, 275sc, closing at 279c Mess
Pork, per Dbl-May opened at Sl4.1713,
closing at SD; June, $14 IS, closing at SD;
100 lbs-May opened at s.. 67la, closing at
s7.6212: June, S7.72l2, closing at $7.67l2;
July, $7.75, closing at S7.72l3. Short Ribs,
per 100 l9smMay s 81 closing at
August, $40, closing at $7.37I2.
Cash quotations were as follows: Flour
Firmer; demand shows some improvement;
holders are quite firm in their views, some
Wheat-No. 2spring, 741S@77cls; No3 spring,
74l2@l76I2c; No. 2 red, S2I2@S3c. Corn-No.
2, 531S@54Ac. Oats-No. 2, 2S031c. Rye
No 2, &c; Barley- No. 2; 77@soc. Flax
$265; Mess Pork-Per Dbl, $14, Lard
Per 100 lbs, S7.62l2. Sort Ribs-Sides Qoose),
$40; dry sailed shoulders (boxed), S.. 75@
q: short clear sides (boxed), $7.60@765.
81 Is. Receipts-Flour, 80, 600 bbIs; wheat,
5000 bu; corn, $4,000 bu; oats, $4,000
bu; rye, 1000 bu; barley, Al 900 blu. Ship
ments-Flour, $4,000 bbls; wheat, 10000
rye, 5000 bu; barley, Is 900 bu On the
produce exchange to-day the butter market
was very quiet and easier; creamery quoted
22@27c; dairy, 17@27c. Eggs easy at 16I2
Ml7c.