St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-25
WHEAT IS NERVOUS.
A Confiietion of Cable Ad-
vic es Makes the Operators
Cautious and Slow.
The Net Result Of the Days
Trading in Wheat Is a
Drop in Values.
Free Selling Of Long Oats
Causes a Break Of Three
Fourths.
The New York Stock Market
Was Feverish and Irregu-
lar in Movement.

CHICAGO, April 24.-The wheat market was
unsettled and nervous to-day. and was sub
ject to frequent and sharp fluctuations. I'm
certainty as to the situation growing out of
the confiiction of cables made operators eau
tious, and resulted in the transaction of a
smaller amount of business than on yester
day. The net result of the days trading is a
loss in value of about 1c in the July option,
and of 1l2c in April and May. July, the rul-
ing option, opened at Sl.0jS4@i. 1913, against
81 10ss@l. 1012 at the close yesterday, and
soon touched S1.095s Houses with foreign
connections were generally sellers, though
they gagged their sales with care to avoid a
heavy decline. A bear syndicate which
attempted to break prices for them
was brought up with round
turn. While the syndicate did not come to
grief, 1t nevertheless was frightened enough
to lie still for some time. After going to
Sl.095s, July rallied quickly to S1104, but
was loaded with a large lot of property put
out by Schwartz, Cudahy, Linn, George
Smith and by some of the elevator people,
and the market broke to SL09la. Bigelow
sold heavily at this price, but did not sue
coed in breaking values further. Purchases
by Clifford. White d Co. and others. who were
acting for the foreigners, finally frightened
the small scalpers, and, i'll their efforts to
cover they put the price up to 81 1OSs9l 10l2.
Then the longs resumed their unloading
tactics, and the price sagged off to
SL10, where it remained for some
time. At last the bears plucked up
courage for another raid and their sales
broke the price to S1.09l2. Toward the close
July rallied to Sl.10 on cables reporting
higher Berlin markets, and on a dispatch
saying Roumania would prohibit exports of
maize because of the depleted stocks there.
just before the close there was another
break, and The market closed easy at Sl.09SS
6109l2. The London closing market was
6dG01s Sd per quarter lower on wheat. Paris
was 2}1115 centimes higher on flour. and 80
centimes higher OH deferred futures of wheat.
Near futures were 10 centimcs lower. Paris
reported cold weather in France; but the
weather in this country was fine. and adj
vices from st. Louis said mat wheat
was already heading in Indian terri
tory. Stautfer, Cudahy, Bloom started
successful raid in corn. They had large
and rather enthusiastic following. July was
broken from G1S4c down to 66lsc. but was
turned up to &c on liberal purchases by
Hutchinson. Receipts were liberal. and
there were reports of heavier loadings of
grain at country stations There was free
selling of long oats, led by Bartlett-F Frazier
and Harvey, which caused Il break of 34617sc.
Prices hardened a little later i'll the day. but
were 1G3sc lower at the close. The opening
in the provision market was rather firm on
the reported firmness of hogs at the stock
yards. but speedily weakened and free sell
ing, and after fluctuating frequently within
a moderate range, closed with loss of lao
1il2c for pork, 2I2ll5c for lard and 2I2c for
ribs.
The leading futures ranged as follows: