St. Paul daily globe., 1891-04-26
The Chicago Bulls Stampeded
by the Very Rosy Crop
Reports.
A Private Report Of Frost
Damage in Kentucky the
Only Encouragement.
Wheat Takes a Big Tumble,
Sagging Away Nearly
Three Cents.
A Very Buoyant Feeling Re-
ported in Stocks All Along
the Line.

CHICAGO, April 25.-This was a field day for
the bears in all of the grain pits, and provi-
slons, even, which were inclined to be dull
and steady, finally caught the infection and
went off moderately. The net result of the
days trading was loss of 25sc in the price
OF wheat, 2lsc in corn and 35Sc in OATS The
news Of the day was unusually bearish. The
crop reports were rosy, the receipts in the
Northwest were heavy, English markets were
lower and exports for the week were d1sap-
pointing. About the only announcement
OF advocates of higher prices were
reported advance at Paris and Ber-
lin and private report of frost
damage in Kentucky. July wheat started at
81 OS5s sold to Sl.0Sl2. up speedily to 81. 1.0g4.
ana then started down again. There were
brief halts and moderate reactions at 81. .0sss
the put" price-at S1.0S at S1.07l2, at
S1.01A and at Sl.0G5s From the latter figure
there was rally to S1.07, but this was lost
near near the close, which was easy at practically
the lowest prices of the day. Not since last
November have the bears made such q con-
centrated and well directed attack upon the
market: Ream, Linn Cudahy Roche, Kam-
merer, Partridge and host of others flood
ed the market with heavy offerings, and
ABOUT the only purchasers were shorts, who
saw their danger and proceeded to cover
The old-tlme bears focked in from all dlrec-
tons. Faces which have not been seen on
",
All were anxious to get even on their late
losses They were savage and showed no
pity for the badly demoralized bulls Thev
simply sold wheat right and left took it in on
the pad breaks, and again threw it on the
market whenever there was a suspicion of
rally. Their power increased constantly and
before the session ended they were appar-
emily in complete control. There was free
selling also credited to New York parties and
some wheat held by interior traders was
closed out, on which stop-loss-limits had
been placed
Corn was as weak as wheat The liouida-
ton by Longs" and selling by bears was too
great for the small buying demand to over |
come. The brilliant weather, the prospect of |
large receipts henceforth and the weakness |
IN oats cut right to the bone of the situation |
and holders began 10 stand from under |
July started at 66Ac, sold at 66ssc but was |
on 10 66Ac before the session ended, when |
prices were 14c higher.
Ihe oats news was all favorable to the |
pears. who hammered the market throughout |
tne session. The governing influences were |
the weakness in other cereals. fine crop |
prospects and diminished consumptive de- |
hlahd on account of the approach of the sea-
son for pasturage. The course of the market |
was downward all day, with the exception |
OF one or two brief periods when there were |
fitful rallies
PROVISIONS were comparatively dull. July |
pork started at Si3.07l2. sold to S13 10 and off
later to Si2.9 The weakness of corn and |
other gains counted against the market but
there was no heavy selling. The close shows
a loss compared with yesterday of 25c i'll
pork, 10c in lard and 1N01212c IN ribs.
Inc leading futures ranged as follows: