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 got
much vigor to the operations on 'eheLge dur
ing the yporniDg hours. Tia fls that there
viii re a holiday in all bu LOS everywhere
10 morrow already hes Il effect in causing
3ndjFeren a. p,hsie thsveS we're no very de-
eisive results q ahestto- isS, the crowd was
pretty equally divloesl, ~ Where was fair
actstfy and a good range of values. The
~ecalping element pTedominated. The mar
ket opened with prices steady. Dispatches
soon indicated that the decrease in the visi-
BILE supply for the week was to be large.
This helped early buying. Weather reports
were not favorable to the bears, while not
seriously against the growing crops. The re-
port of injurious storms in the Northwest
were at first confirmed and afterward denied
by private dispatches. There was good out
inspection here, 10000 bu, and Milwaukee
cleared so. 900 bbls -four On these things there
was material advance during the morning.
May sold up to S1Tsc. June to S2lac, and
July TO 1890. The visible supply decreased
943, 009 bu, over four times the decrease one
year ago; but the crowd determined to real
i2e, and on the selling there was a slow de-
cline to Size for May, see for June, and
T9ssc for July. Toward l O'Clock there was
a second rally, with May at S112c, 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 weak opening,
closed better, at about Saturdays figures.
There was good buying feeling i'll wheat at
the close. Oats were stronger and S4@1c
higher at the close. There was little offered
Cor sale, and anxious shorts bid the prices
up. Receipts. 312 ears. There was pretty good
ct, OFF in tn RI infc n Ia
larges than the estimate, but that had no etfecl
against other considerations. The pressure
from May sellers was relieved. The decrease
in The visible supply was very large-2, $780,.
600 bu. The weather was not favorable
The stock here decreased nearly 100, 900 blu
for the week, and now is 3.990,6O3 bu
against 1857 900 bu year ago. There was
a good demand for July corn. There was no
conspicuous trading. Receipts-Corn, 431
cars. The provision market opened with
raid on prices. This was for the purpose of
getting prices at better points for covering
The covering for May then caused a good
rally, which was encouraged by those who
wished to work values higher, so as to 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 Sc. 92ls@5. 80 to S 5.97 l2@5.95. May lard,
S6.S2@6.S5. Pork for May, $11.55@l1.4 7Is
to Sl1.60@11 .57l2; July, S11.75@11.67l2 to
$I1 82l2@l1.s0.
TEE DAYS TRADING.
CHICAGO, April 29-In spite of the fact
that it was the last business day of the
month, the markets had 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, 900 bushels in the visible
supply. July wheat opened at T9S4c sold
at 79c and 1850 early, frmed up to 795sM
79s4c, when the big decrease in the visible
was known and then it reacted to 7914c on
sales by local operator and closed at 79asc
May wheat opened at Sic, sold at 917sc.
SlAc,, and became very dull abound
2ssc, sold at S2lsc and finally
steadied down, closing at s2lsc.
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 33l2c, sold at 1880
and later on decrease of 1852, 600 bu in
the visible supply improved to Sac, closing
at $3.50. Receipts OF oats were large. May
opened strong at 21ss@21s4c, and frmed up
to 22Isc. The market was inactive. The
provision market opened with a raid on
prices. The covering for May then caused
good rally, which was encouraged by those
who wished 10 work values higher, so as to
put out July and September The covering
was in ribs, lard and pork. The carriers re-
heved the small longs of the stuff they did
not want to take and pay for.
THE DAYS TRADING.
Til e leading futures ranged as follows:
Wheat-No.r2 May opened at SLICE, closing
at Slssc: june, s17sc, closing at Sllsc; July
I9lsc, closing at 1850. Corn-No. 2
May opened at 33I2c, closing at 337sc:
June, 34c, closing at 34$se: July, 35Ssc,
closing at 351Sc. Oats-No. May opened
at 25Isc, closing at 25lsc; June, 2MAc
closing at 23c; july 25Ac, closing at
23l4c. Mess Pork. per pbl-May opened at
Sl1.55, closing at Sl1.57la; June, SLIGO,
closing at $l1.70; July, S11..75 closing at
$ll;s0. Lard, per 100 lbs-May opened at
Sc. S2l2; closing at $6.S2l2; June closed
Short Ribs, per 100 lbs-May opened
at $5.92l2, closing at S5.92is; June
closed at $6.02l2; July, opened
at S6O7ls, closing at S6.O7Is.
Cash quotations were as follows: Flour
steady and unchanged. No. 2 spring wheat,
S1l2c; No spring wheat, 7O@75c: No.
red, 75@7sc; No. corn, So 7sc; No. 2 oats,
nominal No. l flaxseed, $l.56. Mess pork
Per Dbl, $1l.50@11 .62L. Lard-Per 100
lbs, Sc. S2l2@6.S5. Short Ribs-Sides Qoose).
S5.90@6. Shoulders--Dry sailed shoulders
(boxed), S5.25@550. Short Clear Sides
(boxedl. So. 2506. 37l2. Whisky-Distillers'
finished goods per gal. S1.O2. Sugars-Cut
loaf, 91s@9s4c; graduated, 95sc; standard
wheat 10000 blu; corn, 269,O0O blu; oats,
$4,000 blu; rye. 5000 blu; barley, %, 900
Blu. Shipments-Flour, $4,000 bbls; wheat,
$4,000 bu; corn, 267, 900 bu; oats l6e,.
600 bu; rye, 5000 blu; barley, 900 bu
On the produce exchange to-day the butter
market was lower; creamery, 16923c; dairy,
14@20c; Eggs firm; fresh, 1O@10l2c.