St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-12

CHICAGO. Nav 11-ueavy orders 10 sell
wheat came today from the Northwest. So
much of the recent buying has been on ac-
count of the supposed SufferingS of the
natives Of that region from floods and snow
storms. that their Indifference 10 the alleged
deplorable condition of the country up there
staggered the bulls and caused the wholesale
throwing over of long wheat. temporary
bulge of 24c in May corn, occasioned by
nervous shorts, was the other feature OF The
day. Compared with last night wheat this
evening is 5sc off, while corn Is up %c Tor
Nav and Isc for July. Oats and provisions
show slight advance.
The reference of the government report to
spring wheat was the only phase Of the doeu-
ment which had not been pretty accurately
forecast. According to the repUrt, the
usual blowing to May is about 700 OF the
whole spring wheat area. but this season,
owing TO unfavorable weather, the blowing
is only 646 Since May it has rained and
showed almost continually. ano very little
farm work could be done so that pracueaIly
not much blowing was done TINS month.
This had the effect of creating an unsettled
feeling and the higher opening. bat there
were pretty fair offerings and prices receded'
only to again advance on reports OF cohtln-
ned urfavorable weather IN the Northwest
decrease in stocks, as reported by Brad
streets of - SOL 900 bushels east OF the Rocky
mountains The advance, however, was
AGAIN met by liberal speculative offerings
credited TO Western offerings. Nudahy ana
Pardridge too, were selling freely. and with
no special support from any source. prices
were carried to the lowest point. The late
selling was partly due to the reported clearing
weather in the Northwest. The opening was
SsG5sc per buShel higher than yesterdays
oft y-hiph tho market plSp0 OFT IA G.
rallied ssc, declined IsSc reacted 4e, ana
closed easy.
There was great uneasiness in corn during
most of the session. The market again
turned entirely on the weather and as the
reports were not improved The prices were
at times run up pretty sharply. The sltua-
ton was regarded as so doubtful that Few
operators seemed bold enough 10 sell any
thing like a line short, traders contenung
themselves with selling out quickly on the
bulges and getting their profits There was
something OF q scare at the oTenlng ana
prices were given quick upturn.
An hour later, when wheat was at Inc TOP
for the day, corn made q second bulge and
sold at the highest point of the week for
May This bulge was helped along by few
dispatches from Western points saying that
there was more rain in prospect Before the
close, however, prices dropped Dack 10 ABOUT
opening figures, in sympathy with the break
in wheat 1t was rumored that Cudahy ana
the New York clique have bought back much
of the May corn they sold out couple OF
weeks ago. and were disposed to buy more
Partridge bought some corn today presum-
ably TO cover shorts. 1t is asserted that he
has an immense short interest in July.
In oats trading was less active. Everybody
seemed pretty well evened up and disposed
to hold off, pending changes in the weather.
Provisions fluctnated i'll response to the
changes in wheatRnd corn. There was some
covering by shorts aud some buying as well
by packers. but nothing TO indicate any
great return of confidence in present prices.
Hately Brothers were the most conspicuous
BUYERS of lard and ribs. Cudahys were buy
ers of ribs and lard on a moderate scale.
Freights were steady at &c for wheat, lac
for corn. and lSsc for oats to Buffalo.
Estimated receipts for tomorrow: Wheat
IS cars; corn. 255 cars; oats, 160 cars; hogs,
3l,0GQ
The leading futures ranged as follows: