St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-21
The COMMERCIAL RECORD.
Wheat Vas Soft on Private Cables and
Corn Was Weak on Increased
Receipts.
Provisions Were Active and Weakly
Ecld at q Small Decline In ALI
pr0due.s.
Transactions in the Financial Circles o
Wall street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, April oo.-The wheat market
opened weaker Oh soft private cables;and
free selling by Cudahy who filed the crowd
up and caused a break Of l2@s4c. Then
Jones, Mccormick d Kenneth bought large
line of wheat. ana on the advance turned
sellers on a large scale. At S1l2c. or lc de
cline from yesterdays best prices, this house
offered large lots. Leopold bought about
1000, ZOO bushels, and Continued to buy I'M
til the price touched Size for May ard sac
for July. Then the crowd bought freely on
crop scare news, and put The prices up $50
Iac but on the bulge there was freer selling,
and the edge Of the MARKET turned. New
York was bul!ish to-day, and cables were
conflicting. They brought both buying and
selling orders. The crop news continues
bad. and the 81 mmary of dis atches from
the Northwest contained on The noon report
was confirmation of the reports sent in from
all quarters. The market to-day was a stub
born one. A concerted eiICrt was made
several times to break prices, but the
market took the wheat that was Of
fered, and stood up under it very
well. Trade was of large volume
but not so general as it has been on several
Gays Oh IaIe. IHS country SeeilS W uhSe
about its full line for the present and stimu
latiug news of Il sensational order will be re-
quired TO advance prices materially it seems
either that or concerted buying. Corn was
weak on increased receipts, arrivals for to-
day being 173 cars, and estimate for tomor-
row $50 cars; some of the last Burlington
corn Is beginning TO arrive. The foreign
corn markets are very FIRM at full prices.
a local Incidentally
active, and the Tburse of prices was in the
same channel taken by wheat, fluctuations
being narrower, however The tone of corn
was weak at the bottom. The temper of the
crowd seems to be changing and the trade is
working over into July. The same is true of
wheat. Provisions were active and weakly
held at a small decline in all products. At
the afternoon session there was firmness and
higher prices for provisions. In the grain
pits there was some realizing and some short
selling and prices closed Csc lower for wheat
and lsc lower for corn.
THE ROUTINE REPORT.
CHICAGO, April 20.-Compared with
Thursday, the wheat market was tame to-
day. IL was far from dull or uninteresting,
however. and while the hopes of the bulls
were chilled q little, the action was too stub
born to suit the Would-be-raiders there
was nothing entirely new for arguments.
The receipts at primary points were over
800. 900 bu, while New York export clear
ances were nothing, and only 5000 blu
cleared at Philadelphia. On the other hand
there were reports confirming all that had
before been said regarding chinch bugs in
the southwest and delayed seeding in the
Northwest There was some heavy trading
early and some evidences Of Il combined eff
fort to bring about decline III prices, but the
crowd was not easily started that way. and
the decline in May was checked at $3.50
Slice while the best price of the morning
was $3.50, making c range for the session.
The closing price fer May was 81 I-16c.
Corn sold with Sic range, and closed even
with last night at SOC for May. The volume
of trading in corn was BELOW the average of
late and it was largely scalper's deal. with
bearish tendency. either from lack OF sup
port or because wheat hung back. Esti-
mated receipts for tomorrow were large,
$40 cars. Oats started off fairly firm,
but before the close showed more
decline, proportioEately, than anything
else. May opened at 32Ssc. sold at
Provisions lost great part of their buoyancy
and strength, Indications being that the
shorts mad covered freely and that the market
hal hal its bulge for the present Longs
break to gain again. Shorts have been badly
punished and are not disposed to plunge in
the market with their old-time vim Offer
ings of product, although not large, were
and weaker feeling prevailed and prices
declined slightly. Closing sales at l o'clock
recorded break of Zoe on pork, 7l2e on
short ribs and 2I2c on lard. May pork sold
al S14. 10@14.20 and closed at SD. 17l2:
Lard for, May sold at !$7.9o@3 and closed
at So. Short ribs for May sold at S7.27l2@
7.37l2 and closed at 81. 32ts.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. =, May, opened at S2s4c, closing
ot mn CLOSING 81 Ink
S35sc, closing at S3l2c; December, S5Ac,
closing at S514c. Corn-No. 2, May, opened
at soc, closing at soc; June, SOC, closing
at 54c; July, 54Ac, closing at 54c; Au-
opened at 32Ssc, closing at 31s4c; June, 32l2c,
closing at 3i7sc; July, 325Sc. closing at
31$4e; August 2SIsc, closingat 2Sl2c. Mess
Pork, per bbl-May opened at Sl4.20,
$1422l2; July, $l435, closing at $l4 .32l9
closing at IS: June, SS.07l2c closing at
S9.07l2; July, SO, closing at S. 10; ,Au-
Ribs, per 100 lbs-May, ss7;37la, clos
at $40; July. S7.55. closing at
SAFE: August, S7.G5, closing at S7.57l2
Cash quotations were as follows: Flour
STAG No. spring. 7S@Soc; No. 2 red
SEC. Corn-No. 2, 55Mc. Oats-No
2, -31s4c. Rye-No. 2, 63c. Barley-No
2, 77l2@7Sc., Flax SeedmNo., 1, LAS.
rbbl, SD. 12l2114.1 Lard--Per 100 lbs
81 95@7. 97ls. Short Ribs-sides Goose, 81. 80
az. 32l2; dry sailed shoulders boxed, So. rs
@6: short clear sides (boXed), S7.S0@17. S5.
Whisky = Distiilers' finished goods, per GAL
81. Is. Receipts-Flour, %, GOO bbls; wheat,
1000 bu; corn, $1,000 bu; oats, III, 900 bu
rye, 1900 bu; barley, 1900 bu Shipments
Flour, &c, coo bbls; wheat, Ii, 900 bu: corn
$4,000 pu; oats, $4,000 bu; barley, $4,000
x.l.- i A.
butter market was steady: creamery, 200
22c. dairy 15l2@23c. Eggs, also steady