St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-26
A LITTLE IMPROVEMENT.
June Wheat Reveals Strength, Closing
One Cent Higher.
ALL FUTURES IMPROVING.
A Practionally Higher Close ALI Round
Stocks Active and Stronger
Quotations for the Day.

CHICAGO, H., April 25.-There was little
snap to the wheat market to-day. The deal
ing was almost entirely local. Prices opened
12c to a4c over last night and ruled better all
day. During the morning hour there was a
very fair bulge all around on the bullish at
htude OF few large operators. This set the
crowd to buying early, but when there was
no strong advance they hastened to realize,
and the market yielded accordingly. The
| action was as follows: May, Sic, to s11ac, to
S11sc; June, S1Ac, to S2Ac, to sIAc; July,
7S7sc to 79l2c. or lie over the close last night,
to 19lsc, 76ssc, to 7sAc at o'clock. Ream
bought more largely than anyone else, and
talked s5c for July. Hutchinson bought
early, but only for a scalp with the crowd,
for he sold July at 79Ac. Jones-Kennett
were sellers. The statement was freely
made that the market would advance
on its merits, but that manipuators
were not yet loaded sufficiently
and prevented it. This was met by the argu-
ment that the manipulators were bullying
the market for better chance to sell. 1t
was scalpers deal. Receipts here were 81
cars, with but L car of No. 2. New York
cleared $4,000 bushels of wheat but very
little flour. British cables were firm, with
American products tending upward. There
was no marked change in sentiment or action
in the wheat market at the close. June
showed the best strength, closing lie higher
The corn market was only fairly active, but
there was more than the usual strength in
the speculative crowd Part of this was due
to the very good demand for cash corn The
inspection shows a falling off in No 3 stuff,
while lake clearances have been pretty large
for few days. British cables were firm and
helped the feeling here. Receipts were PAT
cars. Out inspection, 10000 bu; export
clearances, 81, 600 blu from Atlantic
ports, lS1,0O bu from New Orleans. Oats
dull. There was very little straight trading.
The business consisted mostly in exchang
ing May for June at difference of Ssc in
favor of June. There was a strong sympa-
thy with other grains. Receipts were lO3
cars. There was fair activity in provisions
during the morning There was covering
enough to make show of strength all
around and short ribs and lard sold 5@7Iac
better and mess pork moved up 10@15c.
Wright & Cudahy were among the best
buyers. Sales for May were: Short ribs,
So. S7l2@5. 92l3; lard, $6.sO@6.s5. Mess
pork sold at $11.4O to S11.5O to Sl1.35 to
SLATE; July, Sl1.57I2@11.67I The
packing in the West for the week is esti-
mated at 10000 against 165, 900 one year
weeks, makes the month of April about the
some as last year, while hogs have averaged
heavier. May pork closed at $3.50, OF SC
higher for the day; May ribs, $5.95; lard,
$6.S5.
THE DAYS TRADING.
CHICAGO, April 25.-The firmness which
was exhibited in the wheat market yesterday
was more fully developed to-day and prices
show further Improvement but the full ad-
vance was not sustained. June advanced 1l2c
over yesterdays closing, and closed lc high
er. July opened l2c higher, fuctuated with
in small range for some time and then ad-
yanced l2c more, receded ssc, and closed S4c
higher than yesterday, AT the opening there
were pretty fair offerings of May wheat but
June took the lead in the advance and May
followed. The trading was mainly of a local
character, the outside business not being on
as large scale as yesterday. The buying
was credited largely to the short interest
with some buying, no doubt, for investment
The selling was done chiefly by parties who
had bought at the lower prices for reaction.
and not by any large longs A fair de-
gree OF activity was manifested in
corn, and transactions were at slightly
higher prices The market opened at
yesterdays closing prices, was steady for a
time, then advanced Ac, ruled steady and
closed Csc higher than yesterday. In oats
larger business was transacted i'll the way of
buying in May and selling June at premium
of sac. but the amount of new business was
small. A stronger feeling developed early
and prices advanced 1s@Ac, but increased
offerings caused recession and the close
was steady. A fairly active trade was re-
ported i'll mess pork, and prices fiuctuated
considerably within moderate range. Open
ing sales were made at sc advance. and the
demand to fill orders was sufficient to fur
Their improve prices 1Oc Later, the market
weakened, offerings were increased, and
prices declined 12l21l5c. Toward the close
the market was steadier and closed at about
outside figures. More doing in lard and the
feeling was stronger. Prices ruled about 212c
higher, and the market closed steady. a
fairly active trade was reported in short ribs
sides, and the market was steadier. Prices
more favorable to sellers.
The leading futures ranged as follows:
Wheat-No. May opened at SIC, closing
1850, closing at 79l2c: year, 76c, closing
at 7614c. Corn-No. 2 May opened at 345sc,
closing at 34s4c: June, 35c, closing at 35lsc:
July, 35s4c, closing at 35s4c. Oats-No. 2
23isc, closing at 23c; July, 23asc, closing at
23ssc. Mess Pork. per Dbl-May opened at
S11.40, closing at S11.50: June, S11.55, clos
ing at SLIGO; July. $11.5712. closing at
$3.50, closing at Sc SO; June s6.s7l2, closing
Short t s s73 per pds,n 100 lbssMay opened
July. opened at .o2ia, closing s at ss.o7ss..
Cash quotations were as follows: Flour
dull and unchanged. No. spring Wheat,
S0B@S1; No. 5 spring Wheat. T2@79: No. 2
red, SO7s@S1. No. 2 Corn, 34s4. No. Oats,
22ls. No. 2 Rye, 4O12. No. Barley, NOM
inal. No. 1 Flaxseed, $1.56. Prime Timothy
Seed, 81. 34@1.35. Mess pork-Per Dbl, S11.50
Lard-Per 100 lbs, So. S212@6. S5cS Short Ribs
sailed shoulders (boxedl, S.. 25@5.5O. Short
Clear Sides (boXed), Sc. % q 637I2.
Whisky-Distillers' finished goods, per gal.
$1.02. sugars--Cut LOAF, sls@9a4c; granu-
lated, S5sc; standard A, Sssc. Receipts
Flour, 5000 bbls; wheat. II 900 Blu; corn,
142, 1000 bu; oats, 5000 bu; rye. 5000 blu;
barley. $4,000 bu. Shipments-Flour 49,,
600 pbls; wheat, 1000 blu; corn. ~, 900
bu; oats, 1000 bu; rye 1000 bu; barley,
1000 bu. On the produce exchange to-day
the butter market was weaker but not quo
tably lower. Eggs weak at l0@10I2c.
r. M. NEWPORT & SON
Investment Bankers,