St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-08
The WEEK ENDS QUIETLY.
None of the Wheat Futures We're Very
Tempting Yesterday,
AND BUSINESS WAS LIGHT
A Bullish Tendency in Stocks Quickly
Counteracted--Live Stock and
Provisions.

. CHICAGO, April 6.-There was a gen.
eral evening-up process in the wheat
pit to-day. 1t was thought that Bloom
finished his selling of about 100000
bu more May. 1t was said that W. B.
Linn bought about 100000 blu May,
which was set down as covering. Dun
ham & Co. sold good quantity for
some one. The prediction that May
and June would be together before the
end of the week was futile. May
started nc better than the close. at
9219c, went off to 9014c, reacted to 9114c,
and went again to 90Ic. June sold
9lAc, to 91slc, to 9016c, to 90Tc, to
905sc, to 9O2lc with May about noon.
July was the future to be watched.
1t started at S61c, sold $500,
to $3.50, to sec, where it was
steady at 1 o'clock p. m. There was
good general buying in July. There
was no important news. Clearances of
wheat for the week from Atlantic ports
were 100000 bu and 100000 bbls and
sacks. Two boat loads were reported
taken, one each for Glasgow and Lis
bon. Less than $4,000 blu cleared yes
terday from New York, Philadelphia
and Baltimore. Receipts here were
Sc cars. Outside markets were little
changed. Toward the close of the ses-
sion Hutchinson became prominent in
the wheat market in his old role as
''milker." An important item was the
covering of about 10000 blu of May by
Cudahy at 91a5c through commission
house. The price went to 91Tc, and
closed at 91Ic. July sold at S61lc, and
closed at S61sc, or &c lower for
the day. The decrease in the visible
supply is estimated at 100000 to 1,000,-
bu for the week. Corn and oats were
steady without new features. Receipts.
252 cars of corn and s. cars of oats, and
1900 blu by canal. Receipts of hogs
were light to-day, and prices at the
stock yards UP to 15c. This gave a
fair start to the provision trade on the
floor, and mess pork opened sc higher
at $l2.45. Lard and ribs were steady
and scarcely changed during the S es-
sion, closing at Sc. for ribs and 81 for
lard, for May. Mess pork went off
quickly on free selling, with few buy
ing orders. Warren 81 Co., and We'll
sold about 1900 bbls each. May went
from Sl2.45 to S12.25, and closed at
S12.40. Hogs for the week were $1,000
against $4,000 last year. Packing to
date, $4,000 against 27e,OOO in 1883.
THE DAYS TRADING.
CHICAGO, April 6.-The wheat mar
ket was quiet, and while the feeling
was unsettled, and little nervous,
there was generally less disposition to
trade and business was light. While
many operators incline to the belief
that the large traders are out of the
May deal, there nevertheless are some
who believe that the effort to force out
the holder alluded to for several days
past was done for some purpose. 1t
was claimed that more ''long' May
wheat came on the market, that 'shorts''
covered, and that the market was even
ing up. Prices for May declined &c, re-
covered 1 &c and closed 1c lower than
yesterday: July advanced 1850 above
yesterdays closing, declined 5sc and
closed &c lower. Corn ruled rather
quiet, the entire session. fluctuations
were confined. within 7S@4 range,
yesterday. Oats were fairly active,
stronger and higher. May was the ia
vorite and advanced &c early on good
buying by several large traders-chiefiy
to cover ''shorts." Offerings were lib
eral on the advance and after the ur-
gent buyers had been filled up, an
easier feeling prevailed and the adj
vance lost. Later in the session de-
clines prevailed closing sales being a
shade below those of yesterday. Very
little interest was manifested in hog
products and trading was light. Offer
lngS were small, and the demand from
all sources was limited. Trading
chiefly In mess pork-in other articles
nothing of consequence doing, and
and changes in prices light. There was
fair trade in mess pork at irregular
prices. Opening sales were made at sc
advance. but weaker feeling was
manifested and reduction of 1880
zoe was submitted to. Toward the
close prices improved slightly, but
trading was small.
PRICES FOR THE DAY.
Wheat-No. 2 May opened at 9215c,
closing at 9214c; June opened at 911c,
closing at 9176c; July opened at
S64c, closing at 861sc. Corn-No. 2
May opened at $3.50, closing at 353lc;
June opened at SEC. closing at 36Xc:
July opened at $3.50, closing at $500.
Oats-No. May opened at 255sc, clos
ing at 253sc; June opened at 253sc, clos
ing at 2514c; July opened at 25Lc,
closing at 254c. Mess Pork (per bbD-
May opened at S12.45, closing at S12. 20:
June opened at $3.50, closing at S12.25:
July opened at Sl2.55, closing at S12.4219.