St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-12
WHEAT IS UP A Cent.

CHICAGO, April 1.-THE tradi
Speculative pits was not very am
wheat the big local operators were
buying and selling III way to n
cult TO say upon which side Il
most Wheat averaged firm, al
cipally affected by the accumulate
that England and France requir
taking considerable quantities grown On tiIe
Atlantic slope. In some respects 1t was what
The local operators call Hutchinson market,
the influential operator OF that name botn
buying and selling in such quantities as to
control the minor fluctuations. His pur-
chases appeared TO cause some alarm
to Leopold Bloom, who started to
buy some he had previously sold, and
on the advance took 35O.0O0 bu in one
line from the veteran. The closing in wheat
was at an advance of about 1c over yester-
days closing quotations. The government
crop report was bearish. and early cables
were easier. The opening price for May was
about as il closed yesterday, and good many
selling orders were i'll the hands of brokers
at the opening. Buyers however prepons
derated, and from around Sl:05 "a ana
SlC35S there was an almost immediate Jump
TO Sl.04. The advance was well malntalneq
for the next two hours. with an occasional
further gain Of &c. The news which came
in during the time referred TO was not or
disturbing character. The exports from
both coasts for the week, as reported
by BradStTeeIs, we're 2In0OO pusnels
more than those of the week preceding
and $4,000 bushels in excess OF those OF the
corresponding week Of last year. New 1ork
reported Liverpool houses selling wheat tut
ures. and at the same time 1G42 boatloada
were worked there for export, besides y
loads reported by William Dunn as having
been worked al outside points to-day by nm.
A ST. Louis dispatch advising 100000 bushels
loaded in barges there yesterday and to-day
and further 10000 bushels to go out mex
week. together with the strong market cableQ
from Paris. caused Il sudden bulge IN May 10
81 O43l. and July. which started at SlU2l2
and had been maintaining itself arounC
Sl.02S3. made jump up 10 S1.O34- The feel
ing was firm near the end. without much ac-
cession of activity. May, which sold as high
as Sl.031S. closed at Sl.O45S bld, ana July
which had touched S1.05&S. closed at S1.03.
The weather was unfavorable 10 the grad
ing OF corn, and the demand for the day re-
ceipts was such as TO put cash corn to
premium of l12c over May delivery. Bust
ness was dull, and. notwllhst"'ad'''-''iN
strong feature just mentioned
not show any particular alar
price was made near the opel
started at &c to 61Lc sold as
617sc, and closed at 67l26t613S
Parties who were short on
coming little nervous III vie
ness of the season. The SOW
been comparatively light. anC
should continue unfaYorabe
days, there would be little chs
new oats On the market III tirlse ~
tracts. The market was very tame, with
prices confined within narrow range.
The provision deal developed considerable
fTmness, and advances were secured i'll the
face of continued free movement Of hogs
The confidence of the country III the future
of The price of hog products is a pleasant
contemplation for the packers and ware
housemen, who are getting handsome carry
ing charges. The difference between May
andJuly ribs at present represents a heavier
rate for carrying than was paid during the
monetary stringency of last year. May pork
advanced 12l2c, and July Ice. Lard gained
2l26l5c, and ribs 2i2c.
TIE leading futures ranged as follows: