St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-09
AN UPTURN IN PRICES.
Light Dealings and Gains in
All Articles on Chicago
Change.
CIassing Of Russian Troops
Contributed to a Firm
Feeling.
The Cold Weather and Snow
Also Had Some Effect on
Quotations.
Quiet and Narrow but Rea-
sonably Strong Market
at New York.

CHICAGO. May "A right-about face up
enrn in prices. with light trading, were Inc
features today on the Chicago board of trade
COMPARED with last night wheat AFTER lis
long decline, made an advance OF lac aud
tonight shows a net gain of S4c; corn is Use
up. oats 5sc and pork l2l2c.
The frmness was mainly attributable 10
war talk. it being reported that the russians
were massing troops OF the Austrian
frontier, and the preparations were more
warlike than for some time. The weather.
too. again turned colder, with snow IN some
sections Of the Northwest, and this hau
some effect upon the market. The receipts
for the week at primary markets were about
the same as last week, while the exports
were larger and it was estimated that the
visible supply ought 10 show another liberal
decrease, though some of the wheat when
has heretofore been counted out may turn
up again.
From both coasts the exports of wheat ana
-four were about 100000 blu larger ana from
the Atlantic ports exports OF wheat Were%'9
coo bu larger than the preceding. Bradstreet
reported that the available supply III Europe
afiOat and the United States was 81, OOO,OUO ou
larger than Il wear ago, and also that mere
had been g decrease in the supplies OF 30O0,-
bu in four months. Cables were llttie
mixed some markets being hlgner ana oth
ers lower The advance late i'll the session
was helped along by report OF excessive cola
weather on the continent with apprehen-
sions of damage TO the crop in Germany
The opening was AGSsc higher than the
closing figures yesterday dechne OF &c,
caused by liberal selling. was followed Dy an
advance OF He with several mats on the
way up. The fact that Paris and Berlin quo
tations were lower, notwithstanding the pull
iSh news caused q loss OF l2c from TOP
prices The feeling at the close was steady;
Partridge was said TO have been a GOOD
buyer OF July around S1sG1S-l2e, ana was
thought TO have picked mp good deal
Late signal service reports Indicated that
more rain was probable in the Northwest.
and helped TO lmpart strength to the wheat
market. TO that was added dispatches from
Minneapolis 10 C. A. Pillsbury. who was on
the floor here. saving that London, Liverpool
and Bristol sent orders for flour and said ship
when convenient. A decrease IN the weeks
visible, il is said, of under 2,O0c,uUO Du Is not
Likely to be accepted IS bulllSn-
The Improvement in the condition OF win
fer wheat reported by the state boards OF
Kansas and Ohio lead some TO expect an ad-
vance i'll the general estimate TO be furnlshed
by Dodge Tuesday That. however, is by
others pronounced q rather unsafe aSSump-
tiOn. on the ground that if private advlees
from California are borne out by the ottclal
figures there has been enough deterioration
there to more than counter balance the bet
Ierment in Kansas and Ohio
There was much nervousness in corn all
day. and the Trice kept climbing slowly,
with bidding both by shorts and those who
were in the market for bulge. The selling
late Yesterday was so free that fresh short
interest was created. The advancing
wheat market helped bullish feeling.
Receipts were under the estimate at $50
cars; grading gets worse instead of better,
with but one car contract corn today; cables
where higher on corn, while lower on wheat:
export clearances for the week we're $4,000
bu more than last week at ,473,OOO from At
lantic ports ard liberal from New Orleans.
More than all this. the weather was little
improved over the corn states and there
were reports of further rains in Nebraska
and elsewhere. The cash market responded
first and lots of No. grade sold during the
morning nj 1c over yesterday. There was
nothing in sight to sell corn on except the
high prices, while shorts and longs were
forced to look for an advancing market
under the existing adverse weather. Cudahy
was among the active buyers.
The strength in corn and unfaYorable
weather in the West. together with good buy
ing of May by Harry Wadhams who was I'M
doubtedly covering shorts, combined to make
oats firm and higher.
The provision market opened strong in
sympathy with the higher prices for corn and
wheat There was some realizing, and a re-
action from the opening prices, but the mar
ket firmed I'D again toward the end of the
session. ana closed strong at the best prices
of the day.
Freights were slow with light offerings of
boats Rates held steady at &c for wheat
and lac for corn to Buffalo.
Estimated receipts for Monday: Wheat, 100
cars: corn. go cars; oats 49, cars; hogs, 81,
eco head
The leading futures ranged as follows: