St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-08
AN UPTURN IN PRICES.
Light Dealings and Gains in
All Articles on Chicago
Change.
MaSsing 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-aboutface up
turn in prices, with light trading, were the
features today on the Chicago board of trade
Compared with last night wheat, after its
long decline made all advance of lAc and
tonight shows net gain of Sac; corn is llsc
up. oats sSc and pork l2l9c.
The firmneSS was mainly attributable to
war talk it being reported that the Russians
were masSing troops OIL the Austrian
frontier, and the preparations were more
Harlike than for some time The weather,
too. again turned colder. with snow in some
sections of the Northwest and this had
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 which
has heretofore been counted out may turn
up again
From both coasts the exports of wheat and
-four were about 700GU0 bu larger, ana from
the Atlantic ports exports Of wheat were 2I9 =
coo bu larger than the preceding BradStreet
reported that the available supply IN Europe
aflOat and the United states was 81 .0o0,OOO bu
larger than year ago, and also that there
had been a decrease in the supplies of 30,00l
bu in four months. Cables were little
mixed, some markets being higher and 9TH
ers lower. The advance late in the session
was helped along by report Of excessive cold
weather on the continent with appreheR-
SiOns of damage to the crop in Germany.
The opening was 40Ssc higher than the
closing ngures yesterday. decline OF Ac,
caused by liberal selling, was followed by an
advance of l14c, with several hats on the
way up. The fact that Paris and Berlin quo
tationS were lower, Notwithstanding the bull
ish news. caused Il loss of l2c from top
prices. The feeling at the close was steady;
Partridge was said to have been q good
buyer or July around S-1sG0S-l2c, 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 impGrt strength TO the wheat
market TO that was added dispatches from
Minneapolis To C. A. PiliSbury who was on
the floor here saving that London. Liverpool
and Bristol sent orders for Hour aud said ship
when convenient. \ decrease in the week 5
visible. it is said. OF under .0Gi,G COO bu is not
likely to be accepted as bulliS1.
The improvement i'll the condition of win
ter wheat reported by the state boards of
Kansas and Ohio lead some to expect an adj
vance in the general estimate to be furnished
by Dodge Tuesday. That. however is by
others pronounced rather unsafe assump
ton. on the ground that if private adviceS
from California are borne out by the official
figures. there has been enough deterioration
there to more than counter balance the bet
Jerment i'll Kansas and Ohio.
There was much nervousness in corn all
day. and The Trice kept climbing slowly,
with bidding both by shorts aud those who
were in The market for bulge. The selling
late yesterday was so free that a 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 ear 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 Mt 2.4i3.0e9 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 at 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 nnfavorable
weather in the West, together with good buy-
ing of May by Harry Wadhams. who was I'M
doubtedly covering shorts. combined 10 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 re-
action from the opening prices. but the mar
ket tirmed up again toward the eud of the
session. ana closed strong at the best lrices
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. 220 cars; oats 100 cars; hogs, 81.
900 head.
The leading futures ranged as follows: