St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-14
The Forces Of Nature Rallied the Support of Almost De-
spairing Bulls Chicago Board
OF Trade.
Partridge Was Changing Trades Avoid Pressure for Cash
Wheat, and May Gained Over
Two Cents.
Little Encouragement for Professional Bears at New York.
But Steady and General Appreciation
in Values.

CHICAGO. April l3.-The elements came q
the rescue today. Wheat made gain oil
2lzc and closed within &c of the top al ST.
for May. with Partridge, whose doings at
tracted much diminished attention changing
trades TO July 10 escape the pressure Tor the
cash article. Local shorts seemed uneasy
and covered pretty freely. TIE weather was
the chief bull factor II was cold ia many
parts of the winter wheat belt and further
rains were reported in the Northwest, pnt
ting back the seeding still more. Bradstreets
report of the available supply showed a de-
crease Of 2.52n,000 bu last week east of The
Rockies and 10000 on the Pacifc-making
net decrease Of over . 10000 bu.
The morning papers had n card from
Statistician Dodge which was also construed
as builish. as ii expressed the opinion thai
not more than $500 900 bushels OF wheal
was available for export on March l. and
that al present prices not more than 5000,
go bushels could reasonably be calculated
upon. All those influences combined tC
make strong market, ana stimulated the
covering OF short wheat and restricted the
selling. The scaipers seemed 10 be rather
bearish and fought the advance some, bu
outside buying orders were rather generOust
The export movement was moderate, IN
ending 81 90 bu OF wheat ana 1900 bbls OF
flour. equal TO about 10000 bu of wheat
May opened at s07sc, fell back 10 scope Then
became strong ami sold 10 ssc, eased oil Il
sic, then up 10 slssc, and nc - O'Clock was
about SLICE. During the last hour the whea
market continued 10 develop strength, aud
May went up 10 Szlsc, with good deal OF
excitement, but eased OFF later 10 sll2c then
reacted to S2I4c, and at the close was steady
AT S2Isc
Many wellinfosmed people GAINED thai
the heavy movement OF spring wheat has run
its course. Receipts IN the Northwest they
say. must henceforth be on Il much dimin
ished scale. unless the stacked whea
thrcshcS out much better than Is generally
expected The winter wheat receipts have
for about six weeks alIendy been 10 larger
than those from the small crop of the Ireced
ing season at The similar period year ago
The poor promise ut the lightning Of April
for next winter wheat harvest is not hccom-
ing any better as The days pass. a telegram
from Minneapolis reported tnat spring work
In the country will be n month, possibly six
weeks late.
The late private cables quoted Liverpool
from s4d 10 Id higher. and market advanc-
ing. There was a rumor which no one TOOK
stock in. about Russian generals being or
dered 10 the frontier The cash wheat was
held at lc premium. and Il WAS claimed that
Il quarter million bushel loI had been worked
for EXPORT This was not confirmed. The
continued reports of adverse weather, and
the fact that Pardridge was getting IN his
May and going 10 July, made the Shorts
sqiirmish and helps the late advance.
The opening OF navigation and the close
approach of the middle of April has brought
no such improvement III the grading of corn
as predicted IL is current gossip That II
present conditions continue Tor afew days
longer corn Viii divide with wheat The gen
eral interest. There was some indication IN
the pit today of II renewal of the Cudahy
buying for MAY. The upward movement of
pr.ces had few set-backs. The market closed
firm Ut about best prices. with IL gain OF &c
in May ana lec in July from last night.
The oats market was Il sympathetic one.
following wheat closely ali day. a :. bite
operated pretty freely, buying May and sell
Ing July. The market closed Iac higher than
tweniy-four honrs previous
In the provision pit brokers stood IDLY
about commenting Oh the great cattle re-
ceipis, the cheapnees OF beer compared Win
pork, etc. The market had no independent
from the opening. and corn stronger ana nd :
vancing. the provision prices were bid up on
comparatively Light business. Compared
with last night, the closing is up l2l2c for
,uly pork, &C for lard ana 2Isc for ribs.
Freighls were easy at &c for wheat ana lS4c
for corn to Buffalo. Through rates, lake
and rail, to New York were weak at i5c FOR
flour, 1l2c tor wheat and 7014c for corn
Rates on corn to New England declined lc,
the rate now being l9c.
The estimated receipts for tomorrow are:
Wheat, Is cars; corn. 10 cars; oats, AZ cars /;
hogs, 1000 head. There will be no session
Of the board dag after tomorrow-Good Fri
day week from Saturday the board Will
vote on restoring the market quotation de-
partmcnt
The leading futures ranged rs follows: