St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-10
The TENDENCY is LOWER.
Things Seem to Be Coming Just About
Right for the Bears.
ALL WHEAT FUTURES LOWER
Reports From the Stock Exchange Are
of a Similar Characteristic
Ruling Prices.

ering by cautious ones; and, on the
whole, lower range of prices. The
collapse of the clique combination has
left the coast clear. Men who were
afraid to sell a single five short one
week ago are now the chief short sell
lers. They do not fear that prices will
be moved upon them sharply. The
crop news is bearish, and there is be-
lief that the government figures will
show an unusually large acreage of
spring wheat, with winter wheat in eX-
cellent condition. Cables were weak,
with spot and futures tending lower in
British markets. The Chicago market,
as usual, acted independent of all 9TH
ers. Cudahy, Kent, Jones-Kennett
and few others were promi-
nent as heavy sellers, but the
crowd sold, some cautiously and
others boldly. Linn was the best buyer
of the morning, and took one or two
large blocks near bottom prices. 1t was
thought he was covering. Poole bought
later at low figures. After the first
break there was considerable covering
by the crowd. Hutchinson bought some
July. Sales up to p. m. ranged: May,
SIC, to sac, to S615c, to S5c, to S514c;
June, S52lc, to sac, to S615c, to S514c,
to S51ac; July, SS15c. to S3c, to S35Sc. to
$3.50, to S4115c, to S319c. Receipts were
So cars. There was much firmer feel
ing in wheat toward the close. There
was an impression that foreign buying
orders were in this market, showing
that on the merits of the wheat here,
Chicago prices are on an export basis.
May reacted before the close to S615c,
and July to Sac, closing as on Monday
at S3Yc. Twelve to fifteen boat loads
were reported as the New York exports.
There was more than usual activity in
corn to-day, with much liquidation in
sympathy with the bear sentiment in
other pits and some very good buying
to cover, which kept prices from going
off sharply. Receipts were 437 cars.
There was a fair business in oats to-
day, May being the favorite future.
Receipts were 112 cars. Quite large
business was transacted in provisions.
Longs in May pork were selling it out
and buying July. The shorts were
glad enough to be allowed this oppor-
tunlty to cover their contracts. There
was little selling from outside, which
was balanced by buying by Armour
and Hutchinson. Webb disposed of
100000 lbs of ribs, which were sup
posed to have been for Boyd-Lunham
Singer bought probably 1000 lbs of
the ribs. Ream and Wright, who ham,
mered the market early, were buyers
later. May pork sold at S1195 early.
then to sl1.7219, then to S11.S7115, and
shortly before the board closed was off
to S11. 0.
PRICES FOR THE DAY.
Wheat-No. . May opened at sec,
closing at S615c; June opened at S53lc,
closing at S619c: July opened at
S312c, closing at S31sc; year opened at
May opened at 353sc, closing at Sc;
June opened at 3512c. closing at 3536c;
July opened at 3614c, closing at Soc.
Oats-No 2 May opened at 257sc, clos
ing at 252sc; June, 25c, closing at 25c;
July, 25c, closing at 2518c Mess
Pork (per bbl)-May opened at S11.9O,
closing at S1l.9214; June opened at Sl2,
closing at S12: July opened at S1210,
closing at S12.0713. Lard (per 100 lbs
May closed at $500; June opened at
$685., closing at $6.95; July opened at
S6.97112, closing at 81. Short Ribs Der 100
lbS)-April closed at S6.02%; May opened
at S6.05, closing at S6.071a: June
opened at s6.1215, closing at 1913; July
Cash quotations were as follows: Flour
dull, holders offer at 15(020c reduction.
Wheat-No. 2 spring, S540S51@c; No.
5 spring, 75c: No. 2 red. S54@S515c
COrn-No. 2, S43sc. Oats-No. 2, 25c.
Rye-No. 2, 43c. Barley-No. 2, NOM
inal. FlaXseed-No. 1, S1.53. Timothy
Seed-Prime, S1.30. Mess Pork-Per
Dbl, S11.S5@11.9O. Lard-Per 100 lbs,
S6.S7%. Short Rihs-Sides Qoose),
S6G6.05. Shonlders-Dry sailed (boXed),
S5.50@5.75. Short clear sides (boXed),
S6.50@6.621a. Whisky-Distilers' fin
iShed goods, per gal, s1.O3. Sugars-Cut
loaf. S35@91c; graduated, Sic; STAN
dard A, re. Receipts-Flour, $4,000
bbls: wheat, 10000 bu: corn, 131, 900 blu !;
oats, $4,000 bu: rye, 1000 bu; barley,
10000 bu. Shlpments-Flour, 5,0OObbls;
wheat, $4,000 bu; corn, 225, 600 bu; oats,
$4,000 bu: rye, 10000 bu: barley, 10,
900 bu. On the produce exchange to
day the butter market was active
fancy creamery, 24(025c; choice to fine,
21@23c; fine diaries, 21@25c: good to
choice, 15(91Sc. Eggs, weak, 10@101Sc.
THE DAYS TRADING.
CHICAGO, April g.. There was a
pretty good trade in wheat to-day, all of
the futures sharing in the speculative
movement, with July attracting the
most attention. Prices again touched a
lower point. May declined &c. advanced
214c, and closed ~ higher. July ruled
about the same as May to shade over.
July opened 3s@55c lower, declined &c
more, then advanced 11Sc, declined 1c.
and closed about the same as yesterday.
Market adviceS were again unfayorable
to dealers. Good buying at the early
decline credited chiefly to shorts. On
the subsequent advance, the selling
WIS quite heavy, closing strong OH good
buying. Corn ruled quiet and inactive
early in the session, trading being lin
tied in volume, and fluctuations con-
fined within sc range. The feeling de-
Veloped was easier. the demand be-
ing restricted to wants of local
shorts, there being very little buying
for Investment. The market opened at
yesterdays closing prices. sold Off &c,
ruled active, closing 4@5sc lower than
yesterday. A fair business was trans
acted in oats within a narrow range.
price changes being confined to &c
There was liberal selling of Nav by
longs, but their offerings were readily
absorbed. A steadier feeling prevailed
i'll June and July, which advanced Ia
&c and closed steady. Consi .erable in.
terest was manifested in pork early in
the day, and trading was quite active.
Prices were advanced sc early, but with
free offerings the market weakened. and
prices gradually declined 221%025c.
Later the market was steadier. and
prices improved 1719@2Oc and closed
steady. Lard was dull, steady and un.
changed. Short ribs were quiet and
easier though the decline in nricnS ,,,as