St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-03
COMMERCIAL REVIEW.

CHICAGO April 2-If board of trade men
were in any degree as faint-hearted as they
seemed today, few of them would ever get
married The trade in every pit faltered al
most from start to finish, and tonight, COM
pared with last evening, wheat is OFT lHc'
corn Sac and pork Ice. The strength when
characterized the wheat market yesterday
nearly all eyaporated during the night ana
hardly Il flavor of it was lett. The sharp al
vance made yesterday was not easily ex-
planned by anything that had developed III
the situation, and the trade seemed to feel
that it was good place to sell on.
SO when the cables this morning showed
that there was no response abroad to advance
here. but on the contrary, the feeling was
weaker. whatever bulls there were lost conn
dence. The failure of the expected colo
wave to materialize was also dlsappolnt-
ment, and all crop advices including Prlme
report were quite bearish, showing gooo
outlook for the crop. Bladstreets report OF
the weeks exports also had weakening
effect, as it showed only 1887, 900 ou OF wheat
and -four cleared from both coasts during the
week, 2,SI4,OO0 blu for the week previous, ana
2.164.OOO bu for the corresponding week last
year
The result of this aggregation OF bearlsh
factors was to give The market weak START
md finally SEND the market off over a cent
from Yesterdays close The weakness
started free selling by these who had bougniI
on the upturn Yesterday and also developed
good deal of short selling ihere WIS no.
much demand as the great bulk of The shorts
had been driven in yesterday, ana tne hu!llIS
was largely confined to those who had SOFA
on the bulge the day before and covered on
today's break Outside markets were $40"
and weak, with considerable declines re-
ported , c,.,,,o.
Partridge was a seller early, through Cutler
and Others, but on the subsequent break ne
covered a large lot, including most OF tAat
sold OH the bulge yesterday May oPel ~ 9G Nv
7g4c fell gradually TO 7SAc, reacted 10 '9c,
ana at II o clock was 1e34c. There was some
close figuring the last hour. Before | 0 CLOCK
the market had a rally to T1sc tor May.
Ibis was on the better closing cables gNlas
Berlin one mark up. Paris 10 to 81 up on
wheat and flour. Talk of decrease OF %ou, 1UU
TO 500 coo bu in the visible supply for Monday
also helped the Ease bulge. There was SAFE
of $1,000 bu No 9 red wheat at sc over May,
and rumors of round lot OF %OIVVV 10 ogVY 9'1
bu No spring at l42c premium. But hoiu-
ers were cautious, and sold out before the
close, putting the May to the low point OF Inc
day at 1SSsQ1S12c.
Attention is being directed to the very
email receipts now coming TO hand at Tue
winter wheot markets. Bad roads, dlssatls
faction with the price and the usual FARMERS
policy of making sure or another crop pS
fore selling all their previous year $ stock
have been advanced as reasons Whlcn suIn-
GENTLY account for the small deliveries. But
it is argued that there may be anoiher ana
more important reason when hes pehlHu
those more obvious influences-the farmers
may not have the wheat
The combined receipts at Toledo, 81. Louis
md Detroit Yesterday were under 5000 bU.
compared with Is, $50 bu on the correspond
ing day of last year, and the total aggre,
gate amounted to 2l2, liz bu, COMPARE q
with 65,50O blu on the corresponding
day of last year, and the total
aggregate receipts this week at the three
named amounted to 212, III Blu, compared
with 351. 6S7 bu for the similar period year
ago letter received here TODAY, SAID 10 DC
from high authority, remarks that the Wneat
in farmers hands in the state of Illinois IS
not to exceed l2I2 per cent OF their last year S
crop.
The stocks at Duluth are expected to show
an increase for the week OF l. l0o0Oo bu. Cnl,
At, 900 bu. The visible supply, ACCORDING 10
current estimates should show decrease OF
about 250.0t0 bu. Partridge was large buy
er of wheat today, covering his sales on yes
tPrdaV'S bulge.
In corn receipts were less than expected, and
dlu MOI Include Il single car OF contract but
the weakness in wheat had depressing et-
feet, and IL was also rumored that tue cIlque
was selling good deal OF corn throngn
Schwartz-Dupee, Baldwin Farnum and other
houses and there was q drop OF nearly
cent May opened ISc lower at 4C1Sc, ard
went off steadily TO 3t4c, reacted some, ana
at u o'clock was 3g5sc. 1t reached 39s4c
dur'ng the closing hour, but quit with sellers
81 3912c.
"a Int scalplng trade was carried on in
oats The weather and the condition OF the
other markets were the only influences of
consequence.
There was disappointment i'll the provision
trade because The stocks did not show as
much decrease as many had been looking
for. That and the depression in grain cir
cles were the reasons assigned for the heavi-
ness The best prices OF tie day were made
ct the start and very little recovery from the
lowest prices prevailed at the close.
The leading futures ranged rs follows: