St. Paul daily globe., 1890-04-30
WHEAT FUTURES DOWN.
Labor Troubles Tend q Curtafl Specu-
lation in the Grain Fu-
lures.
May Wheat Drops a Point and Hall,
Other Futures Follow
ing..
Financial Operations of the Money
Kinas---The General Quota
tons.

CHICAGO, April 29.-The speculative
trading was intensely dull to-day. A
dull market is usually weak one, and
to-day was no exception. Wheat closed
nc lower for July than it did on Mon
day, leaving Off at S61sc sellers. Corn
lost ssc, May closing at 32c sellers and
July at 327sc, being the lowest points
for the day, and oats lost nc i'll the
May and June deliveries, closing at
243sc and 237sc4tre respectively. In pro-
visions June pork gained a fraction,
closing at Sl3.O219. Lard and ribs were
virtually unchanged. The opening
firmness IN wheat was due to the raw.
cold weather which prevailed here
and to the decrease of $1,000 bu
in the quantity OF ocean passage
as estimated by Beerbo ohm. There were
also numerous communications to the
commission houses here repeating the
oft-told tale of the damage done to the
winter wheat. These were especially,
numerous from this state and Indiana.
The general tone of the cables was firm.
but there was an evident hesitation to
stock up heavy at present prices con-
veyed by their phraseOlOgy. The bears
sought to minimize the effect of the de-
crease in the amount on ocean passage
by calling attention to the heavy ar
rivals at Liverpool during the last six
days, which amounted TO 100000 bu. 1t
was also pointed out that in the Beer
bohm dispatch nine cargoes were re-
ported as awaiting for orders
off coast, which were already
counted out of the quantity on passage.
The damage to winter wheat was also
Offset by the favorable weather prevail
ing over the spring wheat area. There
was no great activity In the trading,
and the fluctuations were confined to
narrow limits. Baldwin-Farnum were
conspicuous sellers at the start, which
was 9714c for July, or &c Improvement
on the previous days closing price.
Magin was buying some early, but did
not impress the crowd with much desire
to follow. The course of the market
after the first few minutes was down
ward, though not decidedly so. 1t how
eled for some time around S7@S716c.
UuG ulldlly DIOhS dilu SlulIpeu w Co/SC
before a rally occurred. May was
very irregular, with buyers and
sellers showing a wide divergence
of opinion as to its value. The list
lessness with which trading started
continued to be the feature to the end.
The estimated receipts here fol to-mor-
row are 45 carloads. Trading in corn
was not active, and weak feeling pre-
dominated soon after the opening.
There was a jump of &c over the pre-
vious days closing figure at the start.
which quickly disappeared along with a
heavy additional chunk before the longs
became weary of dumping their hold
ings on all unwilling market. 1 he in
spection returns showed only 776 cars
received. against 925 cars estimated
yesterday. which was the chief cause of
thesstrength at the opening. Oats were
active and excited early in the day, and
opened very weak on the heavy in
crease in the receipts over the previous
days estimates. The arrivals amounted
to $50 cars against 459 expected. Pro-
visions were dull. The shadow of the
impending strike at the Stockyards
hung over the market, and the values
were scarcely moved from the point
they stood at yesterday.
The leading futures ranged as follows:
Anr,c,rs Open High Low clos