St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-09
A BEAR DAY EVERYWHERE.
Even July, the Favorite Wheat Future,
Takes a Downward Slide.
STOCKS MATERIALLY LOWER
Everything That Shows Its Head Re-
cords a Decline Stock and
Provisions.

pectedly to many in the trade, this was
an unusual bear day in weeat. There
was feeling of weakness and slightly
lower prices early, but no sign of gen
eral slump. The real weakness began
toward noon, when it became apparent
that the decrease in the visible supply
would fall about 100000 bushels short
of the decrease one year ago. The
figures when posted showed decrease
of GAL 900 bushels. Another feature
was the weather. The map showed
mild. showery weather even in the
Northwest. Another feature was the
closing out of long wheat by all those
who were foolish enough to he behind
Bloom in getting out. There was dis
position on the part of the eX-
clique and others to play the market
for slow decline. The result was a
sharp letting down in prices for ali fut-
ures. There was no good support from
any quarter. There was plenty of
pounding to help on the depression.
The break, which was slow at first, and
regular slump later, resulted before
l o'clock in a loss OF 415c in May and
June. and decline of about q &c in the
favOrite future, July. May sold at 9012c
to 90c, to 9012c, to S91sc, TO S955c, to
S635c. 10 SS15c, to S6@sc. June sold at
S95sc, to 9016c, to $3.50, to S955c, to SIC,
to size. TO S655c. July sold at S5119c, TO
S5$4c, to S535c, to s43lc, to SIZE, to S5c,
to S334c, rallied to S414c, and sold at the
close at S37sc. There was no let-up to
the pounding in wheat the last
half hour. and May and June
suffered most. Receipts, 81 cars. Corn
was quiet and ranged lower in sympathy
with wheat. Receipts, 223 cars. Oats
were active for May and June, and large
amounts were handled. Closing prices
are a shade lower than Saturday. Re-
ceiptS, 106 cars. The weakness which
prevailed in the grain pits to-day was
also felt in hog products. Advices from
the stock yards early gave $4,000 hogs,
with prices 5t91Cc lower. Prices in the
pit started sc lower for lard and ribs,
and at the close were 1Oc lower, with
May ribs at s6.05; July, 1920; May lard,
$500. Mess pork sold for May at S12 $50
ACKNOWLEDGEMENTS at the close,
or 40c under Saturday. Ribs were sold
freely for Cudahy. There was general
selling abut noon. with steady market
at the close.
THE DAYS TRADING.
CHICAGO, April S.--A larger business
was done in wheat, and interest cen
tered principally in the July future.
Sellers were the most numerous and
lower range of prices was established,
in which all futures shared. Operators.
now being of the opinion that the May
deal is over, are getting more confident
and selling. Parties who would not
sell for fear of manipulation heretofore
are now selling freely, and it was ru-
mored that two prominent floor traders
had entered on a bear" campaign for
the July delivery; at least they were re-
ported as being heavy sellers to- dav.
The weakness and decling prices
had the effect of bringing
out considerable long" wheat.
Outside influences were all favorable to
'short' srllers. May opened 54@14c
lower and declined 3$4c more, closing
about &c lower than Saturday. June
12(0ac lower, ruled steady for a while,
then declined 15sc more, and closed
about 274c lower than Saturday. Crop
reports continue favorable, and are hay
Ing more effect upon the market. A
far business was transacted early in
corn within narrow range, after which
the market ruled quiet. The feeling
developed was somewhat easier, and
slightly lower prices were estab-
ushed. The market opened at
about Saturdays closing prices,
was steady for time, then
sold Off PC. reacted trlfle, and closed
A(05sc lower than Saturday. Oats were
active, but unsettled and irregular,
large business being transacted. The
opening was easy, and a slight decline
on May was witnessed. Buying by a
large operator reversed the downward
current, and an advance OF 36(015c was
corded. This brought in large num-
Der OF sellers for all deliveries, and al
though the trade was good, prices grad
ually reacted 1a@Ic. Around inside
prices shorts bought heavily, but the
market closed quiet and easy at about
the lowest of the day and 1@Lc
lower than Saturday. Pork was active,
irregular and somewhat unsettled.
opening sales were made at 15c decline,
with rather Tree offerings, and further
reduction of 15c was submitted to.
Later the market was steadier. and
prices rallied 5@719c. Toward the close
the feeling was weaker again and prices
feceded l5C91779c, and the market closed
quiet. Lard was more active but rather
unsettled: prices on the whole range
declined nc, and the market closed
rather tame. An easier feeling pre-
vailed in short ribs, and trading was
quite active. Prices ruled irregular
and declined 1215@15c.
PRICES FOR THE DAY.
Wheat-No. 2 May opened at 9O15c.
closing at S614c; June opened at S9Ic'
closing at S6Hc: July opened at
S579c, closing at size; year opened at
7S73c, closing at 7S19c. Corn-No. 2
May opened at $500, closing at 3536c;
June opened at 551sc. closing at 355Sc;
July opened at 5000, closing at $3.50.
OatsmNo. 2 May closed at 252sc; June
opened at 254c, closing at Csc Mess
Pork (per bbp-May opened at S12.15.
closing at S11.90; June opened at So. 25.
closing at Sl2; July opened at $3.50,
closing at S12.10. Lard (per 100 Ibs92
May opened at $685.. closing at Sc. 80:
June opened at S7.0215, closing at
$685.; July opened at sos, closing at
s6.931a. Short Ribs (per 100 lbs
April closed at So; May opened
at sI.15, closing at $6.25; June
opened at 500, closing at s6.12115; July
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No. 2
spring, 65@S5Ac; No. spring, s1@
s4e; No; 2 red. S5@S54c. Corn-No. 2,
347sc. Oats-No. 2, 25c. Rye-No. 2,
Barley-No. 2, nominal Flaxseed-
No. l, s1.54. Timothy Seed-Prime.
Sl.32(9 l.33. Mess Pork-Per Dbl, 81.
9l2. Lard-Per 100 lbs, s6.s215@6.s5.
Short Ribs-Sides Qoose), s6@6.1O.
Shoulders-Dry sailed (boxed). S5.5O6
5.75. Short clear sides (boXed), s6.5O6
6.621a. Whisky-Distillers' finished
goods, iper gal, Sl.03. Sugars-Cut loaf,
S5s@94c: graduated, SIC; standard