St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-30
MONDAY IN The MARKETS.
Wheat Opens at About Saturdays Close,
But Afterwards Improves
ON NORTHWESTERN REPORTS
Of Damage to the Growing Crop---Fi-
nance, Produce, Live Stock, Pro-
visions, Stocks.
Epecial 10 the Globe.


CHICAGO, ILL.,. April 29.- There was .zUt
much vigor to The operations On chicago dur
ing the norniDg hours Tia IL that there
viii re a liday in all bu' css everywhere
10 morrow already hes ~ effect IN causing
5ndiFeren &c. Whsie thsve we're no very de-
aisive results u Nhe,,t 10 lsS the crowd was
pretty equally divlOe.{ AZ ,hcre was fair
acrtHy ana a good rance of values. The
ccalping element pTedominated. The mar
Ret opened NTH prices steady. Dispatches
soon indicated that the decrease in the visi
bic supply for the week was to be large.
This helped early buying. Weather reports
were not favorable 10 the bears, while not
seriously against the growing crops. The re-
port of injurious storms in the Northwest
were al first confirmed and afterward denied
by private dispatches. There was good out
inspection here, 112, 900 bn: and Milwaukee
cleared 80. 600 bbls -four. On these things there
was material advance during the morning.
May sold up TO S1Tsc, June to S2l2c, and
July 10 1890. The visible supply decreased
$4,000 bu, over four times the decrease one
year ago; but the crowd determined to real
iZe, and on the selling there was a slow de-
cline to s1l4c for May, see for June, and
T9ssc for July. Toward O'Clock there was
a second rally, with May at Slice, June S2ssc,
and July 1850 but prices fell Off slightly
again toward the close. The best activity
was on the advance of the forenoon At
New York no export business was reported,
and prices there, after a weak opening,
closed better, at about Saturdays figures.
There was good buying feeling i'll wheat at
the close. Oats were stronger and 546IIc
higher at the close. There was little offered
Cor sale. and anxious shorts bid the prices
up. Receipts, 312 ears. There was pretty good
strength in corn to-day Receipts were little
Iarges than the estimate. buI that had no effect
against other considerations. The pressure
from May sellers was relieved. The decrease
in the visible supply was very largo, So,
600 bu. The weather was not favorable
The stock here decreased nearly I00. 900 blu
for the week. and now is 3.990,6O3 bu
against 1857 900 bu a year ago. There was
a good demand for July corn. There was no
conspicuous trading. Receipts-Corn, 431
cars. The provision market opened with a
raid on prices. This was for the purpose of
getting prices at better points for covering
The covering for May then caused good
rally, which was encouraged by those who
wished to work values higher, so as 10 put
out for July and September. The covering
was in ribs. lard and pork. The carriers re-
lieved the small longs of the stuff they did
not want to take and pay for. May ribs sold
at S.. 92la@5. 80 to 5.91 12@5 .95. May lard,
S6.S2@6.S5. Pork for May, Sl1.55@l1.47I
TO 81 .60@11 .57l2; July, S1l.75@lI.67l2 to
$11 82l2@l1S0.
TIE DAY. TRADING.
CHICAGO, April 29.-In spite of the fact
that it was the last business day Of the
month, the markets had a holiday look
There was plenty of bullish news afioat re-
garding wheat, but the beGrish items were
few. The strongest bullish factor was the
decrease of 953,0 bushels in the visible
supply. July wheat opened at T9s4c sold
at z9c and 1850 early. firmed up to 1850
79s4c, when the big decrease in the visible
was known and then it reacted to 794c on
sales by local operator and closed at 1890.
May wheat opened at Sic, sold at 8l7sc.
the latter price. June opened at
2ssc. sold at S2isc and finally
steadied down, closing at S2Isc.
There was good trade in corn, most of it
was changing from one future to another
The shippers were taking the May and selling
July. May opened at 35:5c. sold at 1880
and later on decrease of &c., 600 bu in
the visible supply improved tn Sac, closing
at $3.50. Receipts of oats were large MAY
opened strong at 213s@213lc, and firmed up
to 22Isc. The market was inactive The
provision market opened with a raid on
prices. The covering for May then caused
who wished 10 work values higher, so as to
put out July and September. The covering
was in ribs, lard and pork. The carriers re-
Geved the small longs of the stuff they did
not want TO take and pay for.
THE DAYS TRADING.
TIL leading futures ranged as follows:
Wheat-No.-2 May opened at 81 1ac, closing
at Sls8c: Jane, s17sc, closing at SIlsc; July,
T9lsc, closing at 1880. Corn-No 2
May opened at 33I2c. closing at 337Bc:
June 34c, closing at 31$sc: July, 35Ssc.
closing at 35ISc Oats-No. May opened
at 25lsc, closing at 25lsc; June 22lsc.
closing at 23c; July. 23Ac, closing at
sl1:55, closing at $l1.57l2: June, SLIGO,
closing at $11.70; July, Sll..75 closing at
Sll.S0. Lard, per 100 lbs-AIay opened at
S6.S2I2. closing at S692I2; June closed
at S6.S7l2; July $500, closing at Sc 92l2
Short Ribs, per 100 lbs-May opened
at $5.92l2, closing at S5.92IS: June
closed GO at at s6.02l2; July opened
Cash quotations were as follows: Flour
steady and unchanged. No. spring wheat,
S1l2c; No. 3 spring wheat, 7O075c: No.
. red, 75@7Sc; No. 2 corn, 337Sc: No. oats,
22ss@23c; No. . rye, 41c; No. 2 barley,
nominal No. l flaxseed, S1.36. Mess pork
lbs, So. 92l2@G.S5. Short Ribs-Sides Qoose),
S5.90@6. Shoulders-Dry sailed shoulders
(boxed), s.. 25@5 80. Short Clear Sides
(bOxed). So. 2506. 37I2 Whisky-Distillers'
finished goods, per gal. S1.O2 Sugars-Cut
loaf, 9ls09slc; graduated, S5Sc; standard
A, 8Ssc. Receipts-Flour, I4OJ0 bbls;
wheat, 10000 bu; corn, 269,OOO bu; oats,
384, 900 bu; rye. 5000 blu; barley, 5000
bu. Shipments-Flour, 1900 pbls; wheat,
$4,000 bu; corn, 267, 900 bu; oats, 1863.
600 bp; rye, 5000 bu; barley, Ia. 600 bu.
On the produce exchange to-day the butter
market was lower; creamery, l6G23c; dairy,
14@20c; Eggs firm; fresh, 10@l0l2c.