St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-10
AN INACTIVE MARKET
No Sensations in Wheat Re-
ward Previous Expect
ations.
No Abatement in the Demand
for Wheat From England
and France.
But the Price Drops. OFF, How
ever, One and One-Eighth
Cents.
Wall Street Stock, Market
Reported in Lively
Condition.

CHICAGO, April 9-The foreign markets
were still firm, and again sent buying orders
to this country for liberal quantities of both
wheat and flour. but it needed sensational
Ooings to sustain Yesterdays prices here, and
only continuation of the former condition
of things was advised, and holders here have
accepted the bids maze by the shorts vester-
day, for large lines of their holdings were not
averse to a reaction. Wheat for May opened
at S104A, and closed at SlO41s bid. July
from S1.O4A at the start, sold off TO 81 .02ls,
ana closed at the bottom of the days range.
The early cablegrams showed that there was
no abatement of the demand for wheat
i'll England and France yesterday aft
ernoon. An excited and higher market
which circumstances appear 10 warrant was
not forthcoming, however. Many of the
more timid shorts had covered their lines
yesterday, and the local crowd were doubtful
if anything but the actual taking of more
wheat, and that in large quantities, would be
etfectual in preventing a break. In this
temper and i'll the changed position toward
the market of many heavy operators, the
opening price was about OF level with yes
terdayS close. The news which came in
later was of the same general complexion
as that of the previous day, but was not
strong enough 10 overcome the general de-
sire of the crowd for decline. The price of
May from around S1.O5A at the start
was selling at SLo45s, and july
from S1.04A, receded gradually to
S1.O3l5. There was a sudden bulge follow
ing this which sent prices hurriedly back to
the opening figures, but the cause of the
latter advance was later deemed insufficient,
and selling once more was the dominating
feature in the pit. The cause OF the ad-
vance was reported takings for export of
some Gberality at the Southern seaboard
and at Chicago, Minneapolis and st. Louis.
Against this reports of tiue crop prospects
countervailed, and the price went down and
stayed at the bottom until the close. The
corn market was firm at the start, influenced
by the wet weather and the strength in
wheat First trades were very irregular III
prices, and those ruling at that time were not
again exceeded. There was a gradual de-
cline i'll sympathy with wheat until 61Isc
was reached, from which there was sudden
upturn to 61Ssc. A subsequent reaction,
still following the lead of wheat left the
market weak and near its lowest point. The
fluctuations in oats were numerous, but not
acted within a range of S4c. Provisions
were heavy and tor the most part dull.
There were more hogs at the yards than
had been looked for, and at six Western
markets receipts exceeded those on the cor
responding day year ago. by 1900 head.
The packing in the West for the week num-
bered 10000 against 10000 last year.
Prominent packers appeared willing to sup
ply any reasonable demand and prices could
not be sustained. The opening was under
yesterday figures and the closing prices at
The lowest point of the day.
The Leading futures ranged as follows: