St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-18
A SLIGHT BULGE IN WHEAT,
Followed by Decline and Close at
Just About Even for July.
STOCKS QUIET AND STEADY.
Wall Street Scores Another Dull Day,
With Slightly Lower Prices
Provisions.
Special to the Globe.

Special to the Globe.
CHICAGO. ILL.,, April 17.-This was a
Hutchinson day and bull market in
the wheat pit. In many respects the
bull influences were of a more trust
worth kind than at any time since May
wheat came down Off its high perch.
The handspring to the bull movement
Is the demand for cash wheat and the
favorable movement probable from this
point. To begin with. export clearances
were unusually good yesterday. To-day
The figures show clearances from New
York of 10000 bushels of wheat, 1900
bbls of flour, together with 1900 bblS
Of flour from Baltimore. The out in
Spection here shows over 100000 bushels.
mostly No. 2 grade. Added to this is
the belief that arrangements are already
made for about 100000 more to move as
soon as convenient to Canada and
Eastern markets. This makes in all
about 100000 bushels to leave here soon
beyond doubt. The bulls also claimed
that the soaking rains lately reported
by special correspondents were light,
and to a great extent useless after
The protracted drouth. With this
news freely circulated, and with Hutch
inson and few commission houses
free buyers. it was easy to bring about
a bulge. 1t was not an over-strong
market, however, and some weakness
followed later in the day. May sold
3S14c to S914c to soc. June IS to S94 to
SS$4c. July 81 to S2%S to S235 to SO to
S25Sc at l o'clock. Receipts here were
The lightest of the years cars, with IA
estimated for Thursday. There was
less activity and less strength toward
Ehe close in July wheat, which yielded
to $3.50, the closing price yesterday.
Corn was firm and steady at the close
after selling trifle higher early. Oats
were raided and sold down to 23Tc
May and June, recovering partially be-
fore the close. Receipts corn-22S care;
Of oats, ia cars. Provisions were
strong during the forenoon, but closed
l0@15c lower for pork: 10c lower for
ribs, and about steady for lard.
THE DAYS TRADING.
CHICAGO, April 17.-Wheat to-day
%aS inactive: outside trading especially
was small, there not being enough
action in the market to stimulate out
side business. A prominent local
trader. however, was credited with
being large buyer, and to these pur-
chases was the strength of today
largely credited. May advanced 1c and
closed &c higher than yesterday. July
opened a. lower, and advanced lc, de-
clined &c, and closed sc higher than
yesterday. The outward movement of
wheat from here is attracting some
attention. t0-day'S bulletin showing DOL
$40 bushels of wheat inspected out of
store, of which $4,000 bushels was of
contract grade. 1t was also rumored
that 100000 bu more will soon clear for
Canada. A fair business was trans
acted in corn, Notwithstanding the mar
row range of values. The prevailing
feeling was one of Steadiness, and trans
actions were at slightly higher prices.
The market opened at yesterdays clos
ing prices. t1uctuated freely within Ia
&c range, closing about same as yester-
day. Oats were quiet and steady dur
ing the morning, but after midday
offerings became free, and a weak
ing 5@@e The II, m pItfts a ciosed
easy at almost inside figures and 15G1%c
below yesterdays sales. Mess pork
was quite active at times, but prices
ruled irregular, though they averaged
higher. AT the opening sales
were made at 10c decline on Yesterdays
closing figures. and, after frequent
slight fluctuations, developed consider
able Strength,and prices were advanced
2O(G2212c. Later prices receded 25G0
271ac and the market closed steady.
Trading was only moderately active in
lard and the feeling was steadier. Early
prices were advanced 219c, but during
the latter part of the session the feeling
was easier and prices receded 215(D5c,
closing steady. A fairly active trade
was reported in short ribs. Prices ruled
irregular. Early in the day the feeling
was firmer and prices were advanced
b@719c. Later the prices receded 100
1212c, and the market closed quiet at
the reduced prices.a
The leading futures ranged as follows:
Wheat-No. May opened at SSIc.
closing at SS$lc; June opened at Sc,
closing at SS3sc; July opened at SIC,
closing at S25sc; year opened at 775Sc,
closing at T4c.. COrn-NO. 2 May
opened at 375sc. closing at $3.50; June
opened at 554c. closing at 3517Sc; July
opened at 351sc, closing at 35$Ic Oats
No. 2 May opened at 2415c, closing at
24c; June, opened at 2413c, closing at
24c; July, opened at 2419c, closing at
231sc. Mess Pork per bbD-May
opened at s11.S5, closing at ST.. So; June
opened at So, closing at s12:
July opened at S12.O5, closing at
BIZ. Lard (per 100 lbs)-May closed
at $3.50: June opened at $685., closing
at $685.: July opened at $685., closing
at $685.. Short Ribs per 100 lbs)-May
opened at $500, closing at S5.9711; June
opened at s6.15. closing at S6.O5:
July opened at 1920, closing at s6.1O.
Cash quotations were as follows: Flour
nominally unchanged. Wheat-No. Q
spring, S7Mc; No. spring, 73@S3c:
No. 2 red. S734c. Corn-NO. 2, 34%c.
Oats-No. 2, 233lc. Rye-No. 2, 4Sc.
Barley-NO. 2, none. FlaXseed-No. l.
f1.55. Prime Timothy Seed-$1 .35.
Mess Pork Per Dbl, 81. S5(011. S7116.
Lard-Per 100 lbs. SG.S71I. Short Ribs
Sides Qoose(, S6.@605. Shoulders
Dry salted (boXed,) s5.25@5.50. Short
clear sides(boyed), $6.3711 Q06.50. Whisky
-DiStillerS' finished goods, per gal,
s1.03. Sugars-Cut loaf, S5S095Sc:
graduated, SIC: standard A, SIC. Re
ceipts-Flour. 1900 bbls: wheat. IS
300 bu; corn, 27SO0O bu; oats, Ill
300 bu; rye, 5000 bu: barley, $1,000
blu. Shipments Flour. 1000 bbls:
wheat. $4,000 blu; corn, 3O1, 900 bu:
pats, 100000 bu: rye, 10000 blu; bar
ley, $1,000 bu. On the produce ex-
change to-day the butter market was