St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-24
The COMMERCIAL RECORD.
There Was Bullish Atmosphere in the
Wheat Pit, With Sympathy From
Other Markets.
Notwithstanding Large Receipts, the
Corn Market Opened Firm and Ad-
vanced Nearly | Cent.
transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
Enecial 10 the Globe.

Epec1Al TO the GlODe.
CHICAGO, April 23.-Wheat started In pull
ish this morning, with the surrounding mar
kets in sympathy and cables rejecting a Dull
fish tendency abroad. New York pc ople, VINO
have been flooding this market with infor-
nation that foreign markets were oull anu
foreigners selling, this morning wire that
foreigners have stopped buying" Werst
arrived on an early train hump-backed with
the load of crop damage news brought from
Illinois. Ohio and Indiana. This had some
effect on prices, but the fact that the visible
supply decrease promised to be small exer-
cised q depressing influence. The early
range was S15s0S2c for May wheat, $3.50
S3Ac for June and S334@94Ac for July.
Trade was of only moderate volume. Corn
receipts were 273 cars, but the market,
nevertheless. opened firm and advanced $50
1sc, reacting, however, to the startiuS point
on a few moments The range on active tut
ures was as follows for the first hour: May
corn, 546s@55c; June corn, 54lS054sSc;
May and June oats, 3134c May pork, SD %
@l4.O7l2; June pork, S14.10014.15
June lard, SS.07l2@S. Is; May ribs S7 22@
7.27l2 The wheat market was strong from
start to finish One of the peculiar features
of the market is the apparent indisposltlon
of nine out of ten bulls to force things. The
bulls are largely in the majority, but they
seem to be actuated more by desire to get
stuff cheap than to force an advance. Thls
is condition of things not often witnessed
in this market Bulls are usually anxious TO
see prices going their way right off. They
are impatient to realize profits and enter INTO
the immediate enjoyment OF the fruits OF
success. Hence it is that when the domlnat-
ing sentiment of the pit is bullish the ex
perienced traders ''play for reaction, on
the theory that the longs will sell out at the
first shaving of profit or run away from loss,
however small Now the boys are inclined
to regard with stolid Indifference the minor
fluctuations in prices. twill take material
break to shake them out, and while every
commission merchant and broker has his
card full of limited orders to buy, and they feel
that way themselves, serious breaks are not
seemingly at the door. 1t was not an easy
matter for brokers to buy considerable lines
of wheat at any current quotation to-day.
There was not much property for sale and
bidders had to compete for what they
wanted. The market occasionally broke be-
low 92c for May, S3c for June and SAC for
July, but at these prices there was strong,
steady demand that sent prices up again with
a snap Trade was not exceptionally large.
Indeed on the whole it was rather dull
day, both in matter of news and Of business
The close is about lie above Saturdays final.
Corn, too. was dull and firm. Receipts for
tomorrow 1.-TWO days. are $40 cars. The
movement for the week is expected to be
liberal Foreign and Eastern corn markets
are strong. The prospect of speedy open
ing of lake navigation and loosenlng up OF
the corn that is damned by the wayside is
i Lott, off sniff
Gent to offset the enlarged receipts. Exports
of wheat and flour from the Atlantic ports
last week were equivalent to $4,000 bush
els against about 9, 500, 900 bushels for the
corresponding period last year. Billy
Linn was the largest buyer of May wheat
to-day. The changes in the visible supply
this week were as follows: Wheat, 346,566
bushels decrease; corn, 1907 bushels de-
crease; oats, 176, $40 bushels decrease; rye,
9,579 bushels decrease; barley, 265,563
bushels decrease. At the afternoon session
provisions were about sc lower all around.
wheat sold about 12c lower. Corn was easy
and oats unchanged.
THE QUOTATIONS.
The leading features ranged as follows:
Wheat-No. 2 May opened at Sl5sc, closing
at s1l2c; June, S24sc, closing at S2Ssc; July,
S38.c closing at $3.50; December, $3.50,
at 5458c, closing at 54SSc: June, 541sc, clos
ing at sic: July, 5416c, closing at sd; Au-
gust 544c, closing at 5418c. Oats-No. 2
May opened at 314c, closing at 31Ac; June,
3ls4c closing at 31l2c; July, 31s4c, closing
al 3II2c; August, 2SSsc, closing at 2S3sc.
Mess Pork, per bbl-May opened at S14,O5,
closing at SD; June, $14.1O closing at
S1405; July, S14.20 closing at S14. 12l2.
Lard, per 100 lbs-May opened at $8.O5,
closing at SS.O7l2: June, SS.0712, closing at
S.. 10; July, ssh, closing at s.. Is; August,
$500 closing at So. 1712. Short Ribs per
100 lbs-May opened at S725, closing at
S722l2; June S7.35, closing at S7.3212;
July, S7:45, closing at 81; 42l2
Cash quotations were as follows: Flour
Quiet but firm; demand limited, and prices
unchanged. Wheat-No 2 spring, 81l2@
81fsc; No. red, s4a4c. Corn-No. 2, 54Hc.
Oats-No. q 31A@3112c. Rye-No. 2, CSC.
Barley-No. 2, 77lal7Sc. Flax Seed-No. 1,
42c Timothy Seed-Prime. S2.55@2.57.
Mess Pork-Per Dbl, S14O5@14.1O. Lard
Fer 100 lbs, $50. Short Rib Sides Qoose)-
1926. Dry Sailed Shoulders (boxed)-S5.T5
@6. Short Clear Sides (boxed)-S7. 500
S7.S5. Receipts-Flour, 14,000 bbls; wheat,
10000 bu; corn, 10000 bu: oats, 20S,0 900
bu; rye, 1000 blu; barley. 5000 blu. Ship
ments5Flour, 5000 bbls; wheat 81, 900
corn, $4,000 bu; oats, $1,000 bu; rye, 1000
bu; barley, IL 900 bu. On the produce ex-
change to-day the butter market was quiet:
creamery, 20@25c; dairy, 15@23c. Eggs