St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-30
The COMMERCIAL RECORD.
Transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
Reports of Better Crop Prospects Again
Sent Wheat on the Upward
Course.
Corn Went Down Notch and Provis-
ions Ruled Weak and Some
what Slower.
Special to the Globe.

-. '
Ing effect on winter wheat in Illinois, ONO,
Michigan and Indiana, and the prospect OF
more rain induced the selling of wheat this
morning at the advance of l2c scored last
night. The light barometer everywhere did
not diminish the bear ardor in the least.
Early trades were on basis of S0s4@S1c for
Nav wheat Sl750S2Ac for June and S27s0
BS4c for July. Receipts ofcorn to-day were
BOZ cars, and estimates for Monday are $50
cars. The grain that is coming in continues
to grade well and the quality is improving
The big longs are doing nothing as far as can
be seen, and as good deal of property is
coming out prices sag. The big receipts
have a tendency to aggrayate the weak
ness. Trade to-day was dull. Boyden
& Co. bought some of July, and
their purchases, which would excite
no attention whatever in an active
market, were the largest individual opera
tons of the day. The grain fleet is expected
to leave the port next week with nearly
100000 bu of corn. This will loosen up
the machinery. New York. st. Louis, ana
the Northwest were buying to-day, and the
taking of about twenty boat loads for export
is reported from New York. The market was
sold off fractionally on crop report from
King, of Toledo which was construed Dear
shly at first, because it pictured the prospects
rs being better than the complies had ex-
pected. His expectations must nave peen
very gloomy, for the report shows the crop
conditions to be most unfavorab'e In Tour
out of the six principal winter wheat states.
The tone of the market improved during the
latter half of the session. and prices worked
up nearly 1c from the lowest point, closing,
however, at slight reaction from the top.
ht1tth n
afraid to go over Sunday with open risks,
and their purchases aided to stiffen the mar
ket The dangers of weather market are
fully understood by the scalpers. The visible
is expected to show small decrease, due
wholly almost to domestic consumption.
Exports for the week have been extremely
light. Minneapolis mills have ground an I'M
mense Quantity of wheat into flour, and
small decrease in stocks at that point is an
ticipated as result. Market cables are
featureless, but the foreigners are quietly
buying considerable wheat in the West and
ut tidewater. Every fractional decline
reaches new business or limited orders from
abroad Provisions ruled weak. A large
amount of property, bought by country
tailers'' on manipulation, is being changed
over or dumped outright, and the pressure
from this quarter tends to heaviness.
THE ROUTINE REPORT.
CHICAGO, April 2S.-There was promise
of higher prices and active markets during
the opening hours on Change, but a reaction
blf,re noon caused dullness. There was
il;e news, except the old news in wheat re-
garding damaged crops. There was no buy
ing for export, and the bears still reiterated
that even the worst crop news has been dis
counted. Nevertheless wheat prices had an
upward tendency. There was no very large
trading but great deal Of exchanging and
scalping which made a fairly active session
in the wheat pit. The large receipts at the
Northwest and the light clearances warrant
the belief that there viii be little If any de-
crease in the visible supply for the week.
MAY opened at S0s4c, sold at Sic, back to
3O5s@SOs4c, up to Sic, and closed at S09Sc.
June opened at S17Sc, sold at S2Ac, do
sslsc Sla and hen G Closed to at s. Sc
Corn took zigzag course to-day. 1t opened
firm and 14c higher than last night, sold
within 5s range without getting below the
opening and closed at about S8c higher for
The day. May ranged 547Sc and 5512@5oSsc,
and closed 5514c; June sold 54l2@55c, clos
ing at 54Sc The lowest prices of the day
were caused by the very liberal estimate of
3S5 cars for Monday. Oats were quiet to-
day. There was an early advance in sympa-
thy with wheat and corn, but, after changing
Over a small range the market closed at a
slight advance; May closing at 32SS032I2c,
and June at 32SSc. In provisions trade
there was no unusual change. Cash property
met with comparatively fair demand, but
the speculation INDUCED in was limited and
featureless. Still the market held steady at
the late depression, based on last nights final
prices, the closing showed scarcely quota
Die alteration. The May pork sold at $4,000
sold at 81. 80@y7. s2l2, closing at 1892;
May short ribs sold mt S7.l5.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. = May opened at S0S4c. closing
at s07Sc; June, S17sc, closing at S2lsc; July,
s27sc, closing 1T S3lsc; December, S6l2c,
closing at S5S4c Corn-No May opened
at 5514c, closing at 55l8c; June, 54l2c, clos
ing at 551se; july 54a4c, closing at SOC; Au-
gust 54Bc, closing at 55l8c. Oats-No 2 May
32l2c, closing at 32I2c; July, 3212c, closing
Mt 32l2c; August, 29c, closing at 2S1sc.
Mess Pork, per bbl-May opened at $3.50,
closing at Sla5752; JUNE Sd3-6712, closing
S13.77l2. Lard, per 100 lbs-May opened
at $3.50, closing at S7.s212; June, S.. S5,
closing at S7.s5: July, $3.50, closing at
$3.50; August, S7.92l2, closing at S7.95.
at S7.l5, closing at s7.15; June 1920, clos
$3.50; August, $40, closing at $40.
Cash quotations were as follows: Flour
Unchanged. Wheat-No 2 spring, S0!A@
No. q Gle, Bariey-No. 2, 77la@7sc. Flax
Seed-No. 1, S1.44. Prime Timothy Seed
S2.57@2. 60. Mess Pork-Per Dbl, $3.50.
Sides Qoose)-S7.I5. Dry Sailed Shoulders
(boxed)-S5.75 Short Clear Sides
(boxed) 81. 7O@7.75. Whisky = Distillers'
finished goods, per gal, ST.. Is. Sugar, Cut,
ard "A 65sc. Receipts = Flour, $4,000
bbls; wheat, $4,000 bu; corn, 151, 900 bu:
pats, 205,O0 bu; rye, 10000 bu; barley,
10000 bu. Shipmcnts-Flour, $4,000 bbls;
wheat $4,000 bn oe corn, 5000 bq; oats
On the produce exchange to-day the butter
market without material change; Creamery,
24@25c; dairy, 16@23c Eggs, steady; in
good demand, 12@l1212c.