St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-15
STARVED AND FELL EXHAUSTED.
Every Commodity Traded on Chicago Change Dropped
for Lack of Support.
Coal Stocks to the Front Again New York, and Ad
vancng in Price.

CHICAGO, April l4.-staFyed to death would
have been the verdict Of coroner's jury on
the Chicago wheat market to-day. There
was no local support 10 prices, and outside
buying orders were wholly lacking. Corn,
oats, pork, lard and ribs all suffered. A
break Of nearly &c In wheat occurred. and
the closing tonight, compared with twenty
four hours previous, shows a net loss Of
about Il2c. While the opening sales were at
very nearly the closing figures of last night
the market betrayed mucn weakness right
from the start, and decline of 1z4c soon re-
suited.
The public cables came IN steady 70 hig her
but the private adYices received were quite
the opposite. nearly all Of them quoting de
preston and weakness, while domestic mark
cts were also inclined TO sell lower Trade
was dull and the business very narrow, being
chiefly confined 10 the professional talent
and room traders. To many the stormy
weather did not appear especially unfavor-
orabe. There was no great amount Of news
OF any kind; such as there was generally
| favored the bear side Of the market. The
weather was not especially unfayorable in
| the winter wheat country nor was there
much apprehension ,as TO its effect OH the
seeding question In the Northwest.
IN fact good many dispatches from Min
| neapolis reported that r. large proportion Of
| the spring wheat had already been put in the
| ground in South Dakota, and that no appre-
! hension was felt 10 seeding not yet com
| peted. and that The ground was in excellent
| condition for the crop TO make phenomenal
| progress when once put in.
| The Cincinnati Price Currents crop sum
mary of the winter wheat situation was gen
| orally thought quite bearish. As showing that
! substantial progress had been made during
the week, ana that confidence in II good crop
| was increasing, while the authorities Of
! Michigan in their Official report gave the
! condition in that state as very satisfactory
and nearly equal 10 that OF year ago. The
| result was n gradual development of weak
| ness. The demand grew very slack and the
| selling was generous both III The way OF
! LIQUIDATION and in shorting the market
| Partridge was apparently good buyer Of
| May, but at the same time was All aggressive
| seller of July; this caused drop In the pre-
| MUM of Alc over the May cary for July TO
! lsc discount early IN the day. New York and
| ST. Louis sold freely nearly all day Of both
| May aud July.
MAY opened at sIs4c to sec but ruled heavy
! and soon went sg84c. There was then stiff
| rally 20 SlSsc but il soon started on the down
| grade again touched S0L2c, rallied some qua
| at r. o'clock was about S0i2c During the
! last hour there was some rally oil a general
! disposition of shorts 10 cover III view of the
| holiday law. The fact that Paris cables came
| in a shade higher also helped some MAY.
I
| s0a4c. and at the close was steady at Sage.
rumoT was in circulation That pardrdge
was heavy seller Of May wheat through a
new set OF brokers. The French markets
came higher on damaging frosLs in Russia
! and Hungary ID was said. The cash siuIa.
| ton In wheat seemingly holds strong, re-
| CARELESS OF ups ana downs in the futures
| At New YORK 10000 bushels of No. red
sold today at &c over May. A sale of $4,000
| bushels for export was reported at Duluth
! In this market 10000 bushels No. 3 red and
| 10000 bushels No. . spring sold at u pre-
MUM over May. The spring wheat premium
| was lc.
Corn wasrather fir IN early and ssc higher
for May. influenced1 by the bad weather,
| which was expected TO cut off receipts and
| affect the grading. But on the subsequent
| break in wheat corn soon lost all its firm
ness and sold off about 7se There was not
mucn activity, and the market closed heavy
! at little better Than bottom prices.
| Oats ruled lower, largely due TO heavy re
! ceipts. There was a fair trade. May began
! at 20I4c, advanced 10 2JIa6G292sc. and then
! declined TO 2Ss4c, recovering Later TO 2S7sc,
! the closing price, which was l2e below Inst
| evening final figures Freights were slow.
! as vessel room is scarce. Rates remained
steady at &c for wheat and lac for corn 10
Buffalo.
The trade in provisions was light and the
| prices easier. A good demand for hogs re-
! ported from the yards gave monientarY
| strength at the opening, but subsequent
weakness in grain had sympathetic influ-
| ence, and was worked by the local scalpers
TO their profit in few sales they yentnred to
indulge in. Nav pork opened at from SI0.liI2
! TO Sl)20, but declined in the course of an
! hours trading to St005, and closed at SO. 10,
| agains. SO 20 yesterday.
The estimated receipts for tomorrow are
| Wheat 80 cars; corn, 100 cars; oats, 40 ears;
| hogs, Is 200 head. There will lie no session
! of the board tomorrow Good Friday.
The leading futures ranged as follows: