St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-15
MARKETSARE BULLISH
The Selling on Short Ae-
counts Is Very Brisk,
Indeed.
. Brisk Demand for Cash Corn
at Handsome Pre-
miums.
The New York Stock Market
Dull and HeSitat-
ing.
Produce, Money and Live
Stock Markets the World
Over.

CHIcAGofApril 1.-THE contending inf1u-
ences in the wheat pit were the strong tone
OF the foreign adyices and the fine prospects
for the growing crop here. The feature To-
cally was the selling out Of the holdings of
several of the recently heavy traders on the
bull side near the opening. Heavy transac-
tons in cash wheat here and elsewhere were
Intellectual to prevent decline The inhu-
ence of bullish cables was noted at the open
ing. The starting price for May wheat was
anywhere from S1.05s4 to Sl,06 with the ma
jority of the transactions at SI057s. July
was still more Irregular having a range in
different parts of the pit at the same moment
of from S1.0414 to 81 .0434-Sl.0 4s4 ruling
A private cable reporting the edge off the
demand for wheat at Antwerp was the cause
assigned for Il temporary disappearance of
the early desire to buy here. May sold as
high rs Sl.06h5 and even Sl.064 tfor one or
two small lots. gradually declined to S1.054,
and looked weak for time, recovery to
Sl.05l2 being slowly brought about by the
buying in of lines put out at the opening.
The reported sale here of an insignificant
quantity of No. hard wheat at $l.Os unduly
disturbed the crowd and set them buying
again, resulting in a further advance TO
S1057S. AS wheat of that description had
been selling in Minneapolis at S1.05
to SiO5l2, S on track today it was
party had enthused over the transaction, and
q rapid reversal of prices followed, May de-
cliniug TO S1.05ls and July to S1037s. One of
the features of the early dispatches was
further incre ase of 504,000 bushels in the
quantity set afoat TO Europe, the total of
which has reached unprecedented proper:
tons, amounting now TO 3L096,000 bushels.
The closing cables were bullish. The real
izing of the holdings of long wheat during
the session had been enormous and the sell
ing on short account was also very heavy
The feeling was generally heavy throughout
the latter part of the session, and the lowest
prices were made close to the end. There was
the same brisk demand for cash corn to day
at handsome premium over the price
for May delivery. as was noted
yesterday. and that together with
the wet weather made an excited and higher
market for about thirty minutes at the be-
ginning of the session. The opening for
May was from G6l2c to &c. The price was
held at around these figures for time, after
which the tendency was downward. and the
lowest prices of the day were current as bust
ness closed. The unfavorable weather gave
a tirmer tone to the oats market until near
the close. when prices were barely steady.
Some of the shorts took fright and sought
cover, and some Of the longs took advantage
of the early advance to realize. The diminish
ing receipts of hogs and the strength of corn
were the cause of a finer market for hog
products There was q good GeaI of pork for
sale on the advance, but ribs and lard
were held with more frmness. The high
price OF corn being SO much over the equiv
alent value of hog flesh makes the latter an
attractive purchase TO country operators, but
citation of the price of provisions is apt 10 be
50 gradual as to be all eaten in carrying
charges. Prices at the close show gain of
212G5c in pork and lard and ribs the same as
on the previous DAY.
The leading futures ranged as follows: