St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-22
AN UNSETTLED FEELING.
The General Tone Of the Wheat
Market Is Decidedly
Easy.
Prices Drop a Point and Over on
Advices Favorable to the
Bears.
Financial Operations Of the Money
Kings.--The General quo II
tati0ns. Z,

CHICAGO, April 21.-There were sew,
eral surprises in wheat on change to-
day. The umarket was bigger and
broader than any one anticipated. The
early weakness was a surprise to all
who held wheat. The rally which fol-
lowed went beyond all expectations.
The visible supply was surprise in.
the great decrease shown. The St.
Louis buying was surprise. The mar
ket opened with May around $50 and
July at SS15c. There was heavy real
izing in May and June. led by Hutchin-
son. Stop loss orders were executed by
number of houses. The scalpers has
tened to take profits or losses. May
made run from SS4c to SS1ac and July
s71a to $500 in few minutes. When
the offerings ceased for a few
minutes prices reacted and went
to Ss1ac May, SIC July. Then second
slide took July to the low point of the
day-S6Ic. Around this price there
was such rush to sell that Hutchinson
turned buyer and stopped the decline.
There was another recovery to SIC for
July. Then came the visible supply
figures, showing a great decrease.
1861, 900 bu for the week, or double
what was expected. About the same
time st. Louis sent orders to buy July
Oh the bad crop outlook in Missouri,
they said. On these influences the
price went sailing to S7s4c for July, or
fraction over the close on Saturday.
Before 1 o'clock there was an easier
feeling again and the price dropped
back to SIC. There was some news on
both sides. Stocks in the Northwest
decreased 100000 blu for the week.
The rains III Dakota and elsewhere had
a bearish force. New York and Phila-
delphia cleared little over 100000 BIZ Of
wheat, but Baltimore cleared none. The
last half-hour in wheat was marked by
very free selling and some weakness.
July touched S65lc, or nc under the
low price early. Receipts, wheat, rs
cars; corn, 664 cars; oats, 271 cars.
Shipments, wheat, s6,17l bu; corn.
LOIS. III bu; oats, 1894 blu. The corn
market started weak and heavy, with
prices trifie lower. After slight de-
cline all around there was stronger
tone developed and prices moved up
very decidedly for May and slightly tol
other futures. The advance was led by
May on buying by the shipping houses.
The great decrease of 2,670,000 blu
In the visible supply helped the buy
ing sentiment. Oats followed corn.
and closed &c higher for futures. The
visible supply decreased 66S.OOo BUSH
els. There was fair trade in prOvis-'
ions, but the action was not remarkable
in any way. All products were heavy
and prices ruled lower. At the close,
lard was off 719c, ribs 1ac and mess
pork 100000. Pork acted little cratic
early. opening at s12.75 May, and sl3.25
July. There were sales as low as $3.50
May and S12.7O July, with quick reac-
ton to $3.50 May and SIS. 10 July. Lard
was quiet and slowly lost 719c for all
futures. Ribs were more active, show
ing frequent changes, and there were
no trades like last week, and closing
prices were the lowest of the day.
The leading futures ranged as TO flows: