St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-06
MAY WHEAT BREAKS.
July Follows Suit en- an EX-
eeedingly Dull, Inactive
Market.
Corn, Oats and Provisions Act
il Sympathy With the
Cereal.
Trading on Change Cut
Short by a Crowd Of
Sellers.
The Wall Street Stock Nar-
ket Shows Considerable
Strength.

CHICAGO. Apr! "a concentrated c-lEe g
he market was made By some OF the heaviest
operators IS soon SIS trading got under way.
and they were powerful enough 70 maintain
Throughout the entire session The advantage
they secured u the start. Linn, CuGahy,
Reau and Roche we're named rs the prinei-
PAL members o. The bear combine which
through the houses o. SchYariz-Dupee ana
baldwin Faraum de!Cged the market with
their offerings. Bloom and Partridge each
ran independent ear establishments, ana
the local crowd tailed after those leaders
The result OF the days operation n wheat
was break ii Nay u 1sSc aud in July ISse-
Corn. cas- and provisions acted in unison
with wheat. The entire crowd started 10 IN
derbid each other. offers 70 sell varying
al the vay down from SI.05 70 Sl-9-ls. and
there vas 10 buying 10 speak OF 81 over the
Lowest OF those prices. . II. Roche was
lucky enough 70 te alongside Of broker
with al o-Ge- 10 buy 1890 bushels. and the
formers offer Of thai quantity - Si.35 found
an instant purchaser, while other sellers less
fortunately situated accepted SL04I4 very
thankfully n he same instant. Trading was
enormous for few minutes. but as 4 num-
her OF selling orders il The hands Of commits
sion houses limited around Sl.G5 were impos-
sible OF execution. il was difficult 10 account
FOR the very sudden change. Freeing tenn
UeraT(.Te was general all over the winter
wheat belt and further delay IN
spring wheat seeding operations was
the promise OF the weather conditions
il Minnesota. The DaEotas. Iowa and Ne
braSka. The public cable from Liverpool
quoted that market firm for wheat, but de-
cline from yesterdays closing prices Of - 10
Id This w5s Offset. however by the
board Of trade London dispatch. which
quoted the latter market Led TO Is higher for
cargOes Of California. Minneapolis miller
reported acceptance Of twenty five carloads
CT patents made by cable yesterday, and
large buying orders from New York also.
some export business was reported from 81.
LOUIS and elSew here. and many orders for
-four 70 20 abroad could not be filled for the
lack Of offerings, but these matters were
ineEeetUal in Stopping, the decline;
10 S1.C4sg. hesitated which direction
10 taEe next then Slumped 10 Sl.05Ss. The
market lifted itself in q weakly manner
when he closing cables 10 the board OF trade
cane II reIctiug May 10 SL037s: but al
usual strength, there was no further re-
spOuse AID The bears continued in possession
70 lhe close. which was ar Sl.C}Ss for May.
The corn market started with sellers at Is
Tor May sud t5ssc for July. The few sales
which could &c effected at these prices at the
oVeuiug we're the highest priced that could
be e15CJed all day. Weakness became very
Pronounced and ! decline Immediately TO
e.ssc tOoz place before II rallied again. There
Wa recovery to 6Slsc, and for some time
business was quiet ana the fluctuations con
fined 10. the neighborhood of 61ssc and
tee. out II again broke loose and slid off TO
&c. recovering slightly, touching ,3sc and
closing al 6714c bid, or &c lower than it did
yesterday.
OI.s followed the other cereals pretty
closely. The market was excited at The open
ing. when Nav sold az 5-Ssc. with 6 few
traces as high as 5424G5+1sc aud others at
5+L2c. The price went on 10 SIC. fuctuated
around 5-GJ54L4 and closed al the low point
Of the y-533.c-iudicaung s4c decline.
The hog market was quoted cOusidera bly,
higher al the yards, and Influenced by that.
the provision market started strong. The
weakness in grain q ali kinds turned prices
down and The clOstnEs were 81 near the bot
ton OF the days range.
Tie leading futures range as follows: