St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-04-26
THE COMMERCIAL RECORD.
Corn Seemed to Be the Principal Feat
ure in the Grain Market the
Last Few Days.
Wheat Started in On the Decline, But
Free Buying Soon Brought the
Price Up Again.
Transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, April 25.-Out of the 1919 cars OF
corn of which the inspection department
makes mention this morning, 80 cars were
graded No. 2. The market was fimly held,
however, and it is noted that wherever there
are stocks of corn in sight shippers are
grabbing for them. An instance Of this
came to light in st. Louis yesterday. when a
spirited fight for tie possession of 100000
bu of corn took place between Grier d. Co.,
of that city, and William Dunn Co., OF
Chicago, Dunn getting away with the prop
erty. The corn bulls are satisfied that all
corn that can be had will find legitimate con-
sumptive market at once above Gee bushel
Chicago quotation). and they are backing
their judgment. Early sales here to-day
were on the basis of 54l2@533ac for May, sd
@544c for June, and 541s@54SSc for July.
Wheat was sold down l2c within an hour,
May being quoted at S0SSc, June S1l2c, and
July $3.50 The market was active. Local
liquidation was the feature OF the
early dealings. The speculative wheat
market was very narrow to-day.
Most of the "thin' wheat bought on the
bulge for home and outside account has been
thrown, and as the bears do not feel like
putting out fresh lines at these prices. the
DuSlueSS IL llSHt anu VI IL SCdlplHS ChalaC-
ter. The crowd became impregnated with
the idea early that Cudahy and his followers
were cunning for a big line of wheat that
Bloom was getting ready to dump" and
when Bloom appeared in the pit and began
selling, they sold too. lie quit about the time
the crowd thought he was scoring for start
and left the scalpers short at the bottom. The
market thereupon began to creep up and by
the prices got back to the starting point. The
market was narrow and nervous, however,
and was in a state to be easily influenced by
little concerted buying or selling. In the alb
sence of heavy trading the fluctuations were
in the minor key, and of minor sig
niicance. Weather reports had good
deal to do with the weakness this
morning. The signal service bureau pre-
dicted rain over a considerable portion of
the Western wheat area, and actual rain was
reported in western Missouri and Iowa and
eastern Kansas and Nebraska, but over the
largest territory the meteorological agitation
was productive of more wind than water.
The rain, where it is falling, is quoted as
being "cold rain" 1t has the virtue of being
also wet rain. and warmth is likely to fol
low. Any kind of rains throughout the four
principal damage states" would be well
coined by the agricultural population. An
other important item which contributed to
the later strength in the market was news
That exporters were busy in New York and
that twenty-five boat loads had been worked
during the day. The clearances from New
York are again showing up fairly well, and
receipts at Western points are falling off,
notably at Duluth and Minneapolis while the
mills at the latter points are grinding
at pr1digious rates to fill contracts ahead
Corn was strongly held all morning. The
faintest indication of weakness wasa signal
for good buying, and July moved up to
level with May, a relative gain of 3Sc. The
market was narrow, and in the language of
the habitues Of the pit "a tough one to make
a dollar in The scalperS had the market to
themselves within exceedingly narrow linn
its. Provisions were weak and quiet. The
only business done was in the nature Of
changing over INTO later months. Pork
sold down 15c, and lard ana ribs 2i2@5c.
AT the afternoon session there was little
done in provisions and pork closed trife
higher than at l p. m. Wheat sold S8c
lower; corn. Ssc higher, with oats trifie
weaker.
THE ROUTINE REPORT.
CHICAGO, April 25.-The opening OF the
speculative grain ana provision market on
Change this morning was very similar to
that of Tuesday. There was a lack of trade
or support on the bull side in wheat, and
later in the session. Bad crop news was
heard on all Sides but it appeared to have
had its day and prices failed to respond. The
opening prices were a shade higher than the
close last night; no efforts on the part of big
bulls to improve values. The result was q
slow decline of 1c from the opening to IL
a. m. From the bottom point there was a
partial rally before noon, with the scalp1ng
trade buying. Still later the decline of The
morning was entirely regained Oh the re-
cradle shifting of May to the later options,
and July was traded in almost as actively as
May. May opened at S13Sc sold down to 903sc,
back to STAG, reacted and closed at S07sc.
There was light trading in corn to-day and no
prominent features TO the market. The open
ing price for May was 4c over last night,
and this price was followed by sales at 54l2c
and up to 54S4c, then dipped to 54Ac; but
reaction before the close was due to sympathy
with wheat and carried the price to the high
est point of the day and May closed at Soc
Oats sold at 321sc for May Trading in pro-
visions was light and confined to scalping
and changing contracts from May to June
and July. The difference paid in pork and
short ribs was 10c and 2l2@5c on lard. Re-
ceipts of hogs were large and prices sc lower
Holders of product were more disposed to
sell and the increased offerings caused
weak feeling and prices averaged lower. May
$3.50. May lard sold at $7.95 and closed at
S7.9712. May short ribs sold at ST. l7@7.222
and closed at $7.17Y2.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No 2 May opened at $780, closing
at sJ7sc; June s2asc, closing at SIC; July,
$3.50, closing at S27Sc; December, 954c
closing at S5c. Corn-No. 2 May opened
at 549sc, closing at SOC: June, 541sc, clos
ing at 547sc; July, 54lsc closing at 54ss; Au-
gust, 54l2c, closing at 54sBc. Oats-No. 2
May opened at 31l2c, closing at &c. June,
3l5sc, closing at 32c; July, 315sc, closing
at 321sc; August 2Sl2c, closing at 29c.
Mess Pork, per Dbl May opened at S13.s5,
closing at $3.50; June, $685., closing
at $780, July, $l4, closing at $14.
Lard, per 100 lbs-May opened at SO,
s s gn at $685. G June eo sSe2 At ossn G at
August, IS. o7I2, closing at ss.o5: Short
Ribs. per 100 lbs-May opened at 81. 22I2,
closing at $7.O112; June 1924, closing at
$7.27l2; July $40, closing at $7.3712;
august $40 ora closing at S7472
Quotably unchanged and firm. Wheat-No
2spring, s0as@S07sc; No. 2 red, s4c Corn
Mo. 2, 524c. Oats-No. 2, 3l12@32c. Rye
No. 2, 63Ac. Barley-No. 2, 7712@7Sc
Flax Seed-No. l, S1:4o. Timothy Seed
$ls:75@i380. Lard.Per 100 lbs, $3.50
1879. Short Rib Sides Qoose)-$7.1 100
72O. Dry Sailed Shoulders CboxeO So. rs
@6. Short Clear Sides (boxed)- 81 35@$7. 40.
Whisky-Distillers' finished goods, per GAL,
81. Is. Receipts-Flour, 49, 600 bbls; wheat,
bu; rye, 1000 bu; barley, $4,000 bu. Ship
ments-Flour, $4,000 bbls: wheat, $4,000
blu; corn, 1900 blu: oats, $4,000 blu; rye,
1000 bu; barley, 1000 bu. On the pro-
duce exchange to-day the butter market ill.,
active, but prices steady; creamery, 200