St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-28
IN UNUSUAL UNISON.
On the Chicago Board the
Principal Articles Moved
Up Early,
And in the Afternoon, Like a
Famous Army, They Moved
Down Again,
Finally Resting Contentedly
at the Bottom Price Of the
Session.
Apar. ! on New YORK LIZ
change, and Weakness Is
the Rule.

CHICAGO, srae7-The principal articles
dealt in on the board of trade acted in un-
usual unison today In the morning they
marched upward together in price. and in
the afternoon they marched down again in
like order resting at the bottom OF the hill.
There was an unusual amount of bull news
at the opening. Liverpool reported an ad
vance of from I'D 10 l2d there in futures.
Outside domestic markets were strong and
tending upward, but the two great bull fac
tors were the enormous decrease reported by
Bradstreet's in the available supply. nearly
5,000,0 go bushels the last week and the con
tinued bad weather.
IL was said TO be still cold and raining in
the Northwest with seeding operations al
most at q standstili and much of the ground
not yet plowed cold wave was predicted
for the Dakotas. Minnesota and Nebraska
with prospect of extending into Kansas
where farm work was said TO be held in abey-
ance by wet weather This sort Of news
quickly affected prices here. Shorts were
greedy 10 cover, and, as there was not much
wheat for sale, the competition was brisk ana
the market rapidly bid up. Milmine Bod
man, Logan, Mitchell Harry Champlin and
others were good buyers at the start. and all
secured generous amounts. Milmine- Bodman
bought about 1000, 200 bu early, but were re-
ported TO have sold most of il out on the
bulge
May opened Isc higher at slssc. and quick.
ly advanced to SIC July which sold yester-
terday al Lice discount. went 10 82Ac. But
the most urgent shorts were soon supplied
and as the advance brought out free realz
ing sales and tempted liberal short selling,
the market quickly weakened, and there was
gradual decline 70 Sl12c, though there was
a reaction to SiS4c.
The market appears to be heavily oyersold,
and the crowd gets very nervous on all de
cided bull news. The large short interest OF
Partridge is generally regarded as menace
10 that side OF the market as whenever he
attempts TO cover 1t Is not easy to see how a
sharp advance can be prevented, and it is
now said that he did not get out OF his May
by purchase, but simply changed 1t
10 July. Pardrid c was not do
ing much today though he sold
around SEC and bought back on the break
which followed. During the last hour wheat
became quite weak. and the premium on
July went TO Ssc. The early advance brought
out free realizing and generous short selling.
and the price steadily sugged off TO S07sc for
May shortly before the close, and closed easy
at Sic
Corn opened firm in sympathy with wheat.
because the rainy weather in The West, it
was thought, would lower the grading Of
future receipts and because cables represent
ed strong and higher markets at Liverpool
May opened unchanged at 4lS4c, sold UP TO
42c, fiuctualed thereafter with wheat declin-
ing to and closed at 414c. Boyden sold May
freely on the early advance. and Norton
WorthIngton sold July.
Oats followed wheat and corn May
opened unchanged at 2Slsc advanced 70
2eAc, weakened to and closed at &c.
Hog products were strong and higher in
the early trading, IN sympathy with grains
ard because of the advance in the prices OF
hogs; shorts also became alarmed. fearing
that prices would be decidedly advanced on
them by the packers and covered freely.
When good advance had been secured tue
packers, instead of pushing for higher
prices, began to SELL with the result that all
of the advance was lost, the market closing
weak. July pork started III at all advance of
2l2c at 50 .91I2. sold up to 50 .0j. weakened and
closed at the opening price. Lard and ribs
follow ed pork. though i'll less marked de-
gree.
Estimated receipts for tomorrow: Wheat,
62 cars; corn, 325 cars; oats, 2lS cars; hogA
200 head.
The leading futures ranged as follows: