St. Paul daily globe., 1892-05-29
Il DIO JUIMi IN UUnISs
Advance Of Fifteen Cents d
Bushel, but Little or No
Excitement.
Difficulty in Following the
Deal Puzzled Traders Not
in the Secret.
Buyers Bunohed Carload Lots
and Sold Them at High
Prices.
Trading in Wheat Was Of a
Local Character, With a
Slight Gain.

CHICAGO May 9S-A big jump in May corn
today caused great interest but apparently
no excitement The advance announced 10
15c a buShel The deal was difficult 10 fol
low. not from the amount of trading. how
ever. but rather from the lack OF il To find
out how IL was going the car-lOt crowd had
10 be consulted. These ears Of contract
grade are being sold At 75e early. and later
s0c was freely paid. AMI even Sic was paid
Ior 4 car OF TWO. Buyers were punching the
car loads into 5.050-bu lots and selling them
Tor May in the pit n between SC AID S1e.
The dav's receipts were III cars,SI Of which
were of the contract grade, and the eStmate
receipts for Monday, 10 cars are heavy.
Rumor points 10 Pa-dridge, Consdon, Ar
mour and CounselmIn IS the shorts, ana 10
COSter- Martin. Barilett-FraZer anu h T.
Pratt as the holders of the deal, not Tor any
Sew York clique, ou. for their own lndlyld-
ual profit or loss, as the case may be. The
close was At S)c, or &c from the top Of the
day. against 67c last night Other months
than May were moderately active, and made
moderate gains. Opening trades were at ls9
64e advance on the weather. and on e0nln-
Ued buyinS the market advanced sss9~ic
more, reacted SSItlc. ruled steady ana closed
with July s4Gl7se higher.
Wheut OreEed l2c higher. ana prlceS were
further advanced sse. then settled back SO
L. held steady, ami lie closing was about
SsGlsc higher than yesterday Trade was
mostly LOCAL. with some little outside buying.
The principal influence was the weather
reports being received Of rain in the West
and Northwest The advance IN corn ana
provisions helped the early advance. and
Ihen Monday being holiday induced
short covering. operators wishing TO even
up Severn and other elevator operators
bidding for May caused i premium OF nearly
over July.
II, 4 md c1s I'D
I'D. there was 4 general easing UP. The ex
port clearauceS for the week were less salts
.factOry With smaller exports and larger
receipts the visible supply, II : SAID, ls likely
10 show somewhere about 2OOO,OUJ bu de-
crease there being however, considerable
uncertainty as 4 number of operators look
for q reappearance Of some OF the wheat
which dropped ouJ of the visible last week,
and others do not.
Oats ruled firmer with corn. the market be-
ing moderately active, and closing on al ad-
vance of from L 10 Lee On recent figures.
good many of The traders who sold freely
yesterday bought today.
II was an active day in provisions. The
market showed evidence of manipulation IN
connection with the remarkable uuturn in
corn early IN the day. The sealping t-ade
sold out very largely yesterday on the de-
clining market and not few went short III
anticipation of a further decline. This morn
ing 1t appeared that it was only Il shake out
yesterday. and thai the CUdahy people we're
nOt holding On 10 products, but ready 10 run
the market up again.
With light offerings early and corn higher
the shorts in provisions took alarm and with
the aid OF the local bulls and the packing in
terests there was n big up-turn in prices
Pork was advanced Zee over last night, ribs
20c and lard ICc all The first hour Brokers
claimed thai the Cudahy people and others
said TO be working with them. were sellers on
the advance. Late III the day the market
held more STEADY. with about half Of the
early advance lost.
Lake freights were steady with moderate
demand at t1I2c for wheat and II4C for corn
TO Buffalo. Estimated receipts for Monday:
Wheat. I30 cars; corn, 10 cars; oats, 3J0 cars;
hogs. =, 900.