St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-11
HELD JUST ABOUT LEVEL,
Nay and June Wheat Close a Shade
Higher. While July Loses.
MORE ACTIVITY IN STOCKS.
Closing Prices Materially Higher Than
on Tuesday---The Days Trans
actions.

CHICAGO, Ill, April lO.-Inere was d
good all around trading in wheat to-day
without any marked manipulation up
to 1880. The strength in all features
was somewhat surprising to the advo-
Gates of SOC wheat. A feature of the
day was the uniformity with which
markets moved up at all outside mar
ketS. At the opening here prices were
about steady, and for moment there
was slight dip on the pressure of short
selling. But the shorts were the only
sellers, and there was too much COM
pany, and this caused some alarm and
reaction which. in less that thirty min
utes put May from S57s(QS7c and July
3$40S415c. Selling early was led by
Jones-Kennett buying by Schwartz
Dupee, Linn, Hutchinson, and Irwin,
Green & Co. Ream and Poole
were sellers of July, but lateTin the
day the former covered without profit
and went in on the buying side with
Hutchinson. New York dispatches
represented a similar action in that
market after the opening. Crop news
was bulliSh from the Northwest on very
dry weather. and from st. Louis and
the Southwest on chinchbugs in Mis-
souri, and Kansas. Export clearanceS
from Atlantic ports were but 260, 600
bushels of wheat. with about II, 900 bar
rels OF -four from New York. Cables
were quiet and no export business was
reported from the sea-board up to noon.
Receipts here were but 81 cars with but
two cars with No. , grade on inspection
track. Estimate for Thursday % cars.
Prices ranged as follows: May S61I to
S55s to 81 10 S634 to S7115 to SIS to $50
to S1$4c to SSc: June, S61lc to SEC to
S719c to size to SS3sc to S7s4c; July,
$3.50 TO S415c to $40 to S4$4c to S35Sc
TO SAGE. There was a reaction from
best prices in the wheat pit before the
close. Oats were Unexpectedly strong
to-day. May was the active future. In
spite of the fact that corn was weak,
oats held up. The only reason assigned
for this was that the Milwaukee clique
had increased their energies to corner
the market. Ream, Sibley and other
prominent shorts attempted to cover.
The impression prevails that Hutchin-
son is the principal representative
OF the cliQues. Receipts were 1902
cars. Corn was heavy. and prices
ranged lower. Receipts, 245 cars.
Ihesprovision market was featureless
early, with first prices not changed from
yesterday. Trading was light early,
but after the call there was some trad
Ing, which caused slight declines in all
products. The last half hour scalpers
hn
yielded more easily. May ribs sold off
to 1886, and July to S6.1O. Lard lost
but 5 cents, closing $685. for May, $685.
for July. Mess pork sold off 25 cents
from the morning price, closing at the
bottom figures, Sl1.65 for May, and
sl1.S212@ll.S5 for July. Receipts of
hogS at SIX packing points, $4,000,
against $4,000 one year ago.
THE DAYS TRADING.
CHICAGO, April 10.-The volume of
business in wheat was not as great as
that of yesterday, though still of fair
proportions. The feeling was a lit
tie unsettled and prices were advanced
somewhat above Yesterdays closing.
but the full improvement was not suS-
tanned. May opened weaker and adj
vanced 22sc above the inside figure. re-
ceded and closed about &c higher than
yesterdays closing. June advanced
E2sc, declined 198c and closed &c higher
than Yesterday. July opened at about
yesterdays closing, eased off &c. and
then advanced 1c, became weaker and
'cllned 158c. and closed about 1Ic
L yer than yesterday. The ad
"nce brought out rather free offerings.
parties who had bought at lower prices
feeling inclined to realize, and the in
creased offerings created the decline.
''Shorts," too, had covered freely. and
there was less demand. There was
some buying for May delivery, credited
TO parties who were identified with the
Dull interest, while the trading in the
more delerred futures was general. A
Ialr business was transacted in corn and
the feeling was easier. The longs were
selling out, and the shorts covering.
The market opened shade lower than
yesterdays closing, tluctuated fire.
quently within 3sc range, and closed
full &c lower than yesterday. An un-
settled feeling developed in oats and
prices were irregular. A good
business was transacted. Prices
Tor May were bid up at A@96c,
but at the advance free sell
ing was INDUCED in by ''longs.n a
weaker feeling developed and the ap-
preciatlon was lost. A fairly active trade
was reported in mess pork, Prices
Iqie9 irregular. Earl y sales were made
at 5(9112c decline, but the reduction was
quickly recovered. with fair buving.
mainly for May delivery. Later the OF,
ferlngs were enlarged and prices re-
cededed 2719@30c; toward the close the
feellng was Steadier, closing Quiet.
comparatively light trade was reported
III lard. Prices ruled slightly higher
early, but during the latter part of the
session reduction of 5(0715c was sub
mltted to, and the market closed ouiet
at inside figures.
PRICES FOR THE DAY.
Wneat-No. May opened at S615c.
closing at SIC; June opened at S6Lc.
closing at SG$4c; July opened at
s oS4c, closing at o325c; year opened at
1870, closing at 7SIc. Corn-No. 2
May opened at 35c. closing at $3.50.
June opened at 351Sc. closing at 3513c:
July opened at $500, closing at $3.50
Oats-No: 2 May opened at 25%e, clos
ing at 25$4c; June, closed at 2516c:
July, 2515c, closing at 25c. Mass
Pork (per bbD-May opened at s11 *
closing at S11.65; June opened at s11 %
closing at Sl1.75; July opened at sl2l5'
closing at Sl1.S5. Lard (per 100 ibs5W
May opened at s6.921I, closing at
So.oo' June opened at $685., closing at
$3.50; July opened at 81, closing at
$685.. Short Ribs (per 100 lbs)-Mav
opened at S6.071a, closing at s5.95: June
opened at S6.1219, closing at s6.O21%; july
opened at $500, closing at 500.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2
S SPrng S Tsd @SS Ss5 N9;s spring, 75@SOc
34B@S414c. Oats-No. 2, 25lIc. rive
No. 2, 43c. Bariey-No. 2. nominal
FlaXseed-No. l, S1.53. al, "a. Timothy
Seed-Prime, S1.300S1, 33. Mess POrj,
Per bbl SII SSG011 on orJ D. 80