St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-29
WHEAT GETS into A RUT.
Operators Feel Disposed to Await De-
liverics on May Con-
tracts.
As a Consequence all Futures Sus-
tain a Fractional De-
cline.
Financial Operations Of the MONEY
Kinus...fhe veeueral Quota
tons.

CHICAGO. April 2S.-The wheat mar
ket was narrow to-day. Inc occasloi'
for this was the small number OF out
side orders, reaction against which
was found in the uncertainty ana delay
connected with the visible supply lg-
ures. In the absence Of other lmpor-
tant news, the local news frequently de-
moralized the market by unJustlneu
buying or dealing in the visible report.
The outside trade knows this. The re-
port was not made final to-day untll
forty minutes before the close, When
the decrease OF 531, 200 bu did not cut
much figure either way. The early
estimates were from 100000 to 70o,0OO Du
decrease, and the official figures came as
a medium between the TWO. News OF the
day was of mild character. Liverpool
cables were simply firm early ana
closed 4@19d higher. The reports
from the winter wheat fields show no
Improvement and the talk Of dry
weather in the spring wheat territory Is
common. There was no remarkable
trading in the pit beyond a good gen
eral trade. Mccormick u Co: Hutch
inson and Partridge bought early. put
Hutchinson sold later. Minneapolis re-
ported receipts of 40 cars to-day and dis
patches gave decrease in country ele-
VatOr stocks in Minnesota and Dakota
of Go, 900 bu for the week. New ork
cleared 1as ., coo hn Of wheat Phlladel-
piiia d iitlie and Baltimore none. The
fresh export business at New York was
confined to three boatloads Duluth
wheat. In addition to the firmer close
at Liverpool, London was higher on
wheat and -four and Paris easier.
Receipts here We're 43 cars and for
Tuesday 70 cars. May wheat opened
at 9014c, sold at S91Ic and again at 90e.
June opened at S912c and sold OH 10
6Ss4c. July opened at S71sc, sold at
STs5c, off to SIC, to 9715c, to $500, to
S719c, to SIC at l o'clock. The corn
market was irregular, but on the whole
narrow and weak. 1t was expected that
a very large decrease in the visible sup
ply would help prices. The decrease
was 3,250.0 bu., and yet prices closed
at about the bottom for the day. The
receipts were 447 cars, and for Tuesday
925 cars, which probably accounted for
some of the heavineSs later in the day
There was another drop in rates by lake
to-day, and charters of corn to
Buffalo were reported at 1s8 cents.
A fair amount of tonnage was engaged.
There was little in the oats market to-
day. The market was firm considering
the large receipts-3S2 cars-and the
large estimate for to-morrOW-459 cars.
The provision market was somewhat
demoraized to-day, and the trade was
inclined to let produce alone. After
the little early slump in mess pork lit
tie was done in that product. The de-
cline carried May off to $3.50, June to
$3.50 and July to S13, decrease from
the close Saturday of 45 to SOC. McCor-
mick & Co. sold pork and Cudahy also
offered it under the clique house. The
fear of troubles at the yards May
caused much hesitation about trading.
Lard and ribs sold slightly under Satur-
days prices and became quieted. Stocks
for the month are expected to show an
Increase in ribs and pork and slight
decrease in lard.
The leading futures ranged as follows: