St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-15
LIVELY TIMES IN CORN
Are Looked Forward to by
Traders Operating on
Chicago Change.
The Wheat Men Are Transfer
ring Their Energies to
the Corn Pit.
May Corn Gained a Fraction,
While Everything Else
Is Lower.
4 Renewal Of Bear Raids In
daeed Depression at
lew York.

CuIcAGo. Nav with eyes claed on the
barometer was the way grain traders dld bus-
mess today. Many stations III North Dakota
reported the weather greatly improved, and
seeding very generally resumed. There was
growing feeling that the danger point
In seeding had not leen reached, and That if
It can bc finished in Tie next week or ten
days there Will be little cause for alarm
The spread between May ara Jniy 10 lie
was again feature. and perhaps an encour-
aging >j-a for the bulls. This evening. how
ever, wheat compared with last night was
Use lower May corn Is up Ice, while july
shows ssC decline. oats are down i4e pork
10c, lard Ice and ribs &c.
Unusual interest was shown in the corn
pit and that lively times are looked forward
10 Is evident from It's crowded appearance
Many Of the wheat traders have transferred
the scene of their operations from wheat to
com. Tine market was momentarily very
strcnI att,e opening, eaSed OF on free sell
ing tv local shorts but tirmed up again on
the continued bad weather reports received
from the country. Prime : report was that
practically no llantlag had been DONE
whereas Il year ago - per cent Of the corn
was IN the ground III the corresponding date
There was mere active demand here for
cash corn. Ne. 3 and No. ) yellow LringlnG
about I'll average Of sc more today than on
about - $50 bushels q corn IN cribs among
their f1rty-fUur country stations reported
that on putting their shelters 10 Work they
found much OF the crIbbed stuff mCldy and
damp. Country correspondents Of board OF
trade firms inundated the latter messages
deplO:iug he poor prospects Tor getting the
corn planted III any reasonable time TO Ill
sue crop. The local crowd would rather
be against the market ana the nrst break III
the price today was due 10 their vigorous
selling The latter break was due 10 the
same cause. i'll addition 10 the later weakness
of the wheat market
The OF eHing was rather wild; for frac-
ton of a second Hoe was being paid for MY
aCains. 4II4c last night. In less than the re-
manning moiety OF the first second ii was be-
ing offered at from lie 10 4ilSc- 1t declined
to 43sac sellers before rCacting. 1t gradually
recovered and near the middle Of the session
was in good demand for Il time at A4c, but
sold OF 20 ( S4c, and closed al +3Sc.
There was a lack OF outside orders in the
wheat crop, and ChicagOanS, too, were shy
about bicking heavily. The opening was at
ssc decline. with 4 further weakening or Is
0Ac influenced by The reported clearing
weather and the smaller export clearances
for the week. \ reaction OF lac followed
but sudden local sunshine melted away the
I2c gain. and the market closed steady within
1Sc OF the bottom.
The stale of Live weather enabled the bulls
TO keen trTceS steady OIL oats. although there
was no l.tge liquidation Of small lots. There
was CpuSlt.erdDIc buying Ol hd9 anu >ellHS
of July ri prices that were the same Tor both
months.
A disposition by the longs TO unload caused
provisions TO fall. Pork ard rios were more
active than tor some time. Heavy receipts of
hogs ana liUeral estimated receipts for the
coming week as well as the break Ill grain.
helped the slump,
Freights were steady with a fair demand
and not n great deal of vessel room offered
Charters 10 Buffalo were Oh The basis of &c
for wheat and IS4c for corn, and 10 Port
Huron At II4c for oats. The estimated re-
ceiptS for Monday are: o. ears OF wheat; 15
cars Of corn: I'D ears Of oats, and 5000 hogs.
The estimated receipts of hogs for the entire
week ar Is 800 head.
The lending futures ranged as follows: