St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-27
SATURDAY SUGGESTIONS
Afforded by Fridays Transactions at
the Speculative Center.
CONDITIONS STILL BEARISH.
Weakness Noticed in Everything Ex-
cept Provisions-.-Live Stock
and Bonds.

CHICAGO, April 26-There was even less
news than usual of character to affect
prices in wheat to-day. The market early
was decidedly weak, with a return of
strength after IL m. The weakness ap-
peared to be the result Of partial change Of
sentiment and some realizing sales. The
bears pointed to the receipt Of 240 cars at
Minneapolis, and the bulls pointed to the
fact that even their receipts at Minneapolis
and Duluth for two days past have been over
100000 bushels less than for the same days
one year ago. British cables came firm with
spot and futures tending upward. The state
ment was circulated about noon that over
100000 bushels of cash wheat was being
loaded for shipment to-day. The weather
was bearish as far as being bright, but the
want of rains in this an0 other states east of
the Mississippi encouraged the bulls. Cash
wheat was brought here over May.
During the morning there was no
conspicuous trading. At 10: 80 p. m. prices
had again worked slowly up to the best fig
ures early, S07Sc for May, S1I2c for June and
79c for July. Then came little squirt of
buying, which put July to 7914c just before
1 o'clock. Receipts were 40 cars. Export
clearances were but 25, 600 bu from Atlantic
ports. The bulge about l p. m. in wheat
was attributed to private advices that all the
cargoes off coast were sold in British mar
kets. This was not confirmed by the public
closing cables, which reported cargoes quiet
and steady. There was a reaction of SEC in
July, from 1850 to 7ss4c at the close, or 1ac
under last night. The taking of cash wheat
for shipment was reported at $4,000 blu.
This was an unusual day in corn. 1t looks as
If the manipulators had held the market firm
lately, and thus got much of their holding
off their hands. Just now the receipts begin
to grow very fast approaching May l,
and those who have been toiling ON and
yet do not dare to stand and take the corn
sold to-day at a sacrifice. The result was
sharp break of about lie. for all futures.
Receipts were 345 cars with over 400 cars
promised for Saturday. Shipments were
35l 900 bushels. Export clearances light.
Oats were active. Prices were weak and
shaky. There was a good trade in May.
Prices declined on the prospects of large re-
ceipts tomorrow, because of the large re-
ceipts to-day. Countrymen are becoming
anxious to unload their May, and there is a
large movement from private to public ware
houses. These conditions produced the bear
tendencies. The figure at which May sold,
215sc., is the lowest figure oats have reached
at this season of the year for ten years. Re-
ceipts were 1917 cars. The provision market
did not share in the general weakness. The
light receipts of hogs and the better prices at
the stock yards started prices strong and
covering by shorts Kept it so. Large quaint
ties of short provisions have been covered
during to-day and yesterday. Prices closed
2I2c. to 10c higher.
THE DAYS TRADING.
CHICAGO, April 26.-A moderate business
was transacted IN wheat to-day in the aggre-
gate and the feeling was somewhat unsettled.
The opening for July, which was the favorite
future, was A@Ssc lower than yesterday.
| There was but little news from outside, and
market governed principally by local in
| fuences. The early decline was attributed
| to fair selling. some realizing by the smaller
holders with apparently but little demand
| from any source. This let prices ease off
| gradually, but when the inside price was
| reached better buying checked the decline,
| causing reaction and stronger feeling.
| Around zoe for July there was quite an effort
but there was sufficient demand to
| carry prices over that figure. Later
! however, free offerings created weakness,
| and the advance was lost. A good business
! veloped was considerably weaker. much
lower range of prices were established, and
| fluctuations covered wider range than for
| several days past. The easier tone was at
| tributed mainly to the increased movement.
| Offerings were heavy, the crowd being
| long and. in absence of any outside sup
| port, the market ruled weak. The market
opened rather excited. with sellers at yester-
days closing prices, and declined quickly,
with slight reactions: Sac, recovered Ac,
ruled weaker and closed 7sc lower than yes
terday. Oats were depressed by heavy re-
ceipts. The opening was weak and 1s6lLc
lower, first sales being made at about out
side figures of the day. Prices declined
irregularly and May sold lac below yester-
days closing figures. June and July de-
clined lie. There was a large business.
There was no support to the market except
that given by shorts and they showed no
disposition to buy, except on the declines.
Slight reactions occurred from the extreme
inside prices, but last sales were on an easy
market at about the lowest figures. Mess
pork was stronger early and prices ruled 100
15c higher. Later the market ruled easy
and prices declined 5@7l2c, and closed com
paratively steady, Trading was only moder-
ately active in lard and the feeling was
firmer. Prices were advanced sc, and the
market closed steady at medium figures.
Short ribs were fairly active and 2I2@5c
higher, closing rather steady.
The leading futures ranged as follows:
Wheat-No. May opened at s012c, closing
at SOl2c; June, s1Ac, closing at 911sc; July,
closing at 1850: June, 35c, closing at size:
July, 35s4c, closing at 347sc. Oats-No. 2
May opened at 22l2c, closing at 215sc; June,
23ssc. Mess Pork: per pbl-May opened at
SLIGO, closing at S11. 60 June, S11.65, clos
ing at S11.7O; July, S11.75 closing at
S1l.75. Lard, per 100 lbs-May opened at
$3.50, closing at 6.S7l2; June. $3.50, closing
at $3.50; July, S6.9212. closing at $695.
Short Ribs, per 100 lbs-May opened
opened at $5.02I2, closing at S6.O5;
July, opened at S6.1O, closing at So 10.
Cash quotations were as follows: Flour
dull and unchanged. No. 2 spring Wheat,
sO@SO14; No. spring Wheat, IS: No. red,
S0@S0A. No. 2 Corn, 33s4Q337s. No. 2
Oats, 214s. No. 2 Rye, 4sl5 No 2 Barley,
nominal. No. FlaXseed, Sl56 Mess pork
Per Dbl, SLIGO. Lard-Per 100 lbs Sc S71a.
Short Ribs-sides Qoose), $5.95@6. Shout
ders-Dry sailed shoulders boxed, $3.50
$50. Short Clear Sides-(boxed). Sc. 25@
6.37la. Whisky-Distiilers' finished goods,
per gal. S1.02 Sugars-Unchanged Re-
ceipts-Flour, 5000 bbls; wheat, 5000 bu:
corn, 10000 bu; oats, $4,000 bu; rye.
1.O0U bu; barley, 1900 blu. Shipments
Flour, 5000 pbls; wheat, $4,000 blu; corn,
351, 600 bu; oats, 10000 bu rye, 5000
bu; barley, 5000 blu. On the produce ex-
change to-day the butter market was weaker.
fancy creamery, 23@24c; prime to fine 21M
22c; Fl ne dairies 2C@23c; fair to good, $50
1Sc. Eggs weak at 10@1O12c.
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