St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-16
A LULL AFTER THE STORM.
Fradinq in Wheat moi Nearly So Active,
the Aggregate, However,
Being Larger.
4 Great Deal Of Realizing and a
Slump Of Three
Points.
financial Operations of the Money
Kings The General Quota
tions.

CHICAGO, ILL.,, April 15.-There was a
great force to the trade in wheat at the
opening to-day. The first few minutes
proved to be the widest for the entire
session. The tamest moment in the pit
to-day would have been considered
great business two or three weeks ago,
but compared with few days past the
market was of quieter character.
There was an easier feeling also so far
as making prices went, and this was
traceable to the fact that much OF the
short interests was liQuidated Saturday
and Monday. There was good support,
however. from country orders and from
local houses on the crop reports re-
ceived. May wheat started very merry
Gus and excited around 90c. This was
the top price Of the day. The price went
off sharply at once. Norton IL Worth
ington offered May heavily, and. as the
prices started down, Jones-Kennett UNI
loaded, it was said on stop loss orders.
The break was to S6l5c in a short time.
July started &c over last night at size
and went off to S6@sc. There was a rally
before the end of the hour which car
ried May up again to soc, and July to
S71Sc. From this point on the market
showed signs of heaviness. Up to noon
the decline carried May off to SSc, and
July to soc. Still later there was no
vigorous support to the market, and
May went on occasional trades to S714c,
and July on heavy trading yielded to
S5Ic before o'clock. This was 11ac net
loss from closing price last night. There
was no important outside news. Liverpool
cables were half penny higher Oh spot
wheat. Beerbhom gave an Increase OF
POS, 900 bushels OH ocean passage. The
Illinois crop reports were exaggerated,
and some dispatches said that half the
acreage in some counties will be plOWed
under. Indiana dispatches to Logan &
Co. we're bulliSh, and to Kammerer
bearsh. In the pit Hutchinson was a
seller under cover all day, but his buy
ing early stopped the break in May, and
improved the chances to sell. Partridge
sold July short nearly all day. There
was very plucky support of the market
by many houses, but the tendency of
the day was downward, in spite of this.
The heavy feeling in wheat lasted
to the close. Receipts we're: Wheat,
81 cars; corn, AGO cars; oats, PCS cars.
Shipments-Wheat, IA, 800 bu; corn. $780,,
226 bu: oats, ,955 bu. Corn was mod
erately active, but weak and lower. The
development of the weakness in wheat
and provisions gave heavy tone to the
corn market, and there was liberal sell
ing, with a restricted demand, and
prices gradually eased Off A large
amount of corn came out, which helped
the depression. The volume of trade
was quite moderate in comparison with
the activity of the past few days. There
was no particular significance to the in
dividual buying or selling. Oats were
quiet and weak, and very little interest
was developed at any time. There was
no buying pressure, with offerings lib
eral, and the soft feeling IN other lead
ing grains depressed the oat mar
Ret. The trade in provisions was
somewhat peculiar. There was the
usual amount of gossip about what the
pork clique had done and may do. Al
products started easier Short ribs sold
dG 900 " 9o'4o W @o.oi13 dG Vie cloSe lol
May. Lard closed irregular at 5@719c
under last night. Pork opened 15c
lower at $3.50 May, sl2.7O July. There
was slight decline early to S121O May
and to $3.50 July. Towards the close
Walker q Co. wanted pork, and, there
being no offerings, prices went up easily
to $l3 May, Sl3.1211 June, and S1325
July at the close. These were the top
figures. The packing company sold
ribs. Poole bought pork. Hutchinson
bought pork and ribs. Packers sold
lard. The clique is credited with hold
ing very heavily of pork yet.
The leading futures ranged as follows: