St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-27
The COMMERCIAL RECORD.
3 Cry Of Damage to the Winter Wheat
Crop Again Forced That Cereal
Upward.
Corn and Oats Wire Also Eigher, and
Provisions Opened Weak and
Lower.
transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
snnnial 70 the Globe

CHICAGO, April ZO-lhO oApNAf
eral rains over the winter wheat belt olu
not tan DRY. higher winds prevail every
where, and the result is an emphatic renewal
of the wall about crop damage. The Clncin-
natl Price Current in its Issue to-day Will IN
crease its estimates of the shortage ID lhe
affected states. The cash wheat SITUATION
seems also to be getting stronger. The pulis
were in high feather this morning
and started the markets off higher ana
strong. May wheat sold up from eos4c
TO Sl3sc, June from S11Sc 10 oZH2c
and July from S2s4c to o5SscGooP2c,
oil within the space of about half an hour.
Corn. too, was strong and higher, ana oats
were strongest of all. Corn advanced FAC
early. going to $3.50 for May, 55lAc for june
and 55Ac for July. May oats sold up 10 ooc'
and June 32S4c. Provisions opened weak
and lower on the receipt of 25,ooo hogs al
the yards. July pork sold down TO Slo.oo'
July lard to S7.97l2, and July rlos 10
$3.50. The market strengthened now
ever. The Improvement i'll proVls-
ions was only temporary, and generally
lower prices ruled during the last
half of the season. The tuck has been
taken out of the deal, and trading is prlncl-
pally in the way of changing over contracts
into later months Crop-damage reports are
literally Overwhelming They are coming III
worse and worse every hour, and the area OF
r,1iu g spreading. Unless the country is
spaedily blessed with copious and general
rains the damage threatens 10 assume tne
proportion of a great crop Calamity. 70.
the seven years previous to 1856 lhe IAN
of rain was above an average, ana since
then it has been the other way, ana Weallier-
wise people are predicting drler year than
rfN1te ryfsoI
last on the theory that the meteorolglcai
machinery moves in cycles. Inc STUDY Vi
the weather is popular on change now, ana
the man without a theory on the living Is
sues is not considered q good 'merchaht.
The phenomenal dryness Of the soil ana the
continued absence of rain over danger
ously large area is something that
anybody with eyes. ears ana otner
senses can readily. perceive. The
extent of damage already resulting therefrom
is problematical and speculative as is also
the extent of damage likely to result from
continuation of the dry season. The question
of water is of the very first importance to the
grain trade. Already there is danger OF an
almost total crop failure in several OF the
richest agricultural states in the BUnion.
Even the chronic bears, who will fully refuse
to take cognizance of damage reports
until driven to it, are beginning 10
admit that rain would be q desirable
thing. The speculative trade to-day was
light. but the tone of the market was firm
and at times very strong. New YORK was
rather bearish and cables were conflicting.
The local market is now thought TO be
''eyen.n Corn was "strong as bull beer all
dav. Nav climbed to 56lsc, June to 5ol2c
and July to $3.50. Receipts were 215 cars.
and the estimate for tomorrow is 233 cars
The cash demand for corn is urgent and the
markets everywhere are strong Inc snorts
INDUCED in their usual scramble to buy IN
corn sold at lower prices. This is
advertisement they are becoming habituated
to. The prevalence of dry weather is having
stimulating effect on the speculative oats
trade. good business in this cereal was
done to day, and prices averaged consider
ably higher than yesterday. At the after
noon session provisions were easier and pork
declined &c. There was considerable activity
and some nervousness in all the grain pits.
Wheat closed shade lower; corn, A01sc
lower, and oats about Ac lower. 2:3O p In.
prices:
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. May opened at s07sc, closing
at Sic; June, S2c, closing at S2lsc; July,
e2@c, closing at e3e; December, s5c;
closing at soc. COrn-NO. May openeu
at 55c, closing at 55ssc; June, 54&c, clos
ing at 547sc; July, 5442c, closing at 55c; Au-
gust, closing at 5434c. Oats-No. 2 May
opened at 321sc, closing at 32l2c; June,
32Isc. closing at 321sc; July, 321sc, closing
al 32Isc; August, 2914c, closing at 291sc.
Mess Pork, per bhl-May opened at $3.50,
closing at $3.50; June, $13.7o, closing
sis.7sla. Lard, per 100 lbs May opened
at $3.50, closing at S7.92d2; July, 81. 92ls,
closing at S795; August, So. O2l2, closing at
S9.02I2. Short Ribs. per 100 lbs-May opened
at $40, closing at $7.15: June $3.50, clos
ing at S7.22I2; July, $3.50, closing at
S7.32Y2; August, $40, closing at 81 .42l2.
Cash quotations were as follows: Flour
In limited demand; prices tirmer. Wheat
No spring. SOS4c; No. red, Sic Corn
No. 9, 5513@5534c. Rye-No. 2, 63l2c.
Barley-No. 2, 77l2M7Sc. Flax Seed-No.
/, Si.45. Timothy Seed-Prme $3.50
2,5G. Mess Pork:Per Dbl, $l355@l3,7S.
Sides 1oosel-S7;15;; Dry Sailed Shoulders
boxed)- IS 1906. Short Clear Sides (boxed)
81 65@S7.70. Whisky-Distillers' finished
goods, per gal, S115. Sugar-Cut loaf, "a
as; standard IA 65sc. Receipts-Flour,
"a, 600 bbls wheat, 49, 900 bu; corn. 114,-
600 blu: oats, $4,000 bu; rye, 1000 blu;
barley 1000 blu. Shipments-Flour, 3D.
600 bbls; wheat $4,000 bu; corn, $4,000
blu; oats, 100000 bu: barley, ID, 900 Blu.
On the produce exchange to-day the butter
market inactive and lower prices. Eggs,
in 10 rpar cupply md pOod damond of 1OL1p