St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-23
SIMILAR TO SATURDAY.
The Week Opens With Bearish Move
ment in ALI Wheat Futures.
THE MARKET HEAVY ALL DAY
Stocks, However, Are Firmer and
Higher---Money, Live Stock, Prod
uce, Provisions.

CHICAGO, H., April 22.-The action in
| wheat to-day was almost as violent and as
| bearish as on Saturday. The same forces
were at work. There was continued
| liquidation by the longs and some heavy
| buying by shorts In this market Hutchin-
son ana Ream were on opposite sides. The
former bought openly. but sold through
brokers, while Ream sold at least 100000
bu. in person, while it is said he bought
double as much through others. Cudahy,
Linn, and Roche were the heaviest buyers
on the break, while George Smith covered a
good line at big profits. The talk about
Baker selling long wheat was repeated to-
day. Jones-Kennett were conspicuous sell
ers of May and June. The market opened
but slightly under closing prices. but there
was no support and May broke Sc to Sic;
June Sc to S0$4c, and July 1c to 7s34c early.
The best reaction OF the day was before
noon, when May sold s17sc, June S1l2c,
and May 79l8c. This was followed by a
second decline to bottom prices, while July
touched 7S5sc, reacted to 79lsc, sold 7Ss4c,
ana again to 79lSc before l o'clock There
was little outside news, and what there
was had little eff ect. The cover
ing, which was about equal to the liquida
ton early. left the market without any power
to rally. The visible supply showed de-
crease of about 100000 Blu, or double the
amount of the decrease last year at the same
date. Eight boatloads were reported taken
for export at New York, chiefly for British
markets. Receipts here were SO cars with
81 cars for Tuesday. Minneapolis receipts
were l5S. 900 blu. There was a little reac-
ton i'll wheat before the close. July closed
s4c better than the bottom price at 1880.
The corn market was the duliest ON the floor,
There was some depression i'll prices early
In sympathy with wheat which was regained
before the close. when prices were q shade
better than on Saturday. Receipts were 1856
cars. Oats were weak and prices shaky, clos
ing, however, but a shade under Saturdays
figure. There was good business trans
acted, especially in May. The clique sold
much of May. Some said 100000 bu. by
1880 p. M, but others put the estimates
lower. Receipts were 154 cars. Provisions
were dull and the market featureless Prices
ranged point or so lower in sympathy with
wheat
THE DAYS TRADING.
The leading figures ranged as follows:
Wheat-No. May opened at S3S4c, closing
at SIC; June, S3I2c, closing at STAG; July,
79l2c, closing at 79Ac; year closed at 76c
Corn-No May opened at 34ssc. closing at
35l2c, closing at 35l2c. Oats-No. . May
opened at 22ssc, closing at 225sc; June, Csc,
closing at 237sc; July. 23Ac, closing at
23Ac: Mess Pork. per Dbl-May opened at
S11.77l2, closing at $11.72I2; june, Sill 77l2,
closing at 81 .S212; July. $11.9O, closing at
S11.s7l2. Lard, per 100 lbs-May opened at
$500, closing at S6.s7l2; June. Sc; 92l2,
closing at Sc. 921s July, 81, closing at SO. 95
Short Ribs, per 100 lbs-May closed at
S5.97l2; June opened at S6.U2l2, closing
at $6.02l2; July, Sc. 10, closing at S6.1O.
Cash quotations were as follows: Flour dull
and unchanged. WheateNo. spring. s1lac;
No. 2, 34S4c. Oats-No. 9, 22Ac. Rye-No.
2, 4Ol2c. Barley-No 2, nominal. FlaXseed
No. l, S1.56. Timothy Seed-Prime. 81. 80
@1.36. Mess pork, per Dbl, S1l.75. Lard,
per 100 lbs, S6.S2I2c. Short Ribs-Sides
Qoose), $5.95@6. Shoulders--Dry sailed
(boXed), S5.25@5.5O. Short clear sides,
(boXed). ST. 25D6. 37l1c. Whisky-Distill-
ers' finished goods, per gal. $1.O3. Sugars
Cut loaf, 9ls@934c; granulated, S5Sc; stand
ard A, SSSc. Receipts-Fleur. IL, 900 bbls;
wheat %, 600 bu; corn, 15S, 900 bu; oats,
122, 1000 bu; rye. 5000 bu; barley, %, 900
bu ipments-Flour, 5000 bbls; wheat,
1000 bu; corn, 213, 900 bu; oats, 145, 900
bu; rye, 5000 bu; barley, $4,000 blu. On
the produce exchange to-day the butter mar
ket was weaker, but not quotably lower.
Eggs dull and weak at 10@1O12c.
r. M. NEWPORT G. SON
Investment Bankers,
f52, f53 and f54 Drake Block, ST. Paul.
MINI.