St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-05-22

CHICAGO. May 81 Corn sold today at Tic
bushei for May delivery, making one of the
greatest Iumps ever known in the history OF
the Chicago beard of trade. AT one time
re was bid-a leap of exactly lie since last
night The price did not SO up by fractions,
bul by cents at a time jumping from 0@c 10
ice at one bound.
Tie bulk OF the trading, however, was in
July. The fluctuations i'll that option were
not of a startling character. 1t opened at
47c. or lie lower than Yesterdays close, went
10 4C84c, and reached 4Sc, where it stayed
short time, reacted 10 4Cl2c, and closed
at 467sc, net decline of Use. A ru-
NOR was floating around that P. ID.
Armour had been caught short in May
corn. However that may be, those who own
the stock of cash corn and the short sellers
contracts are supposed to have bagged big
game Tonight, compared with last evening
wheat is of Il2c and pork sec.
Tine excitement manifested was, on the
whole. less than yesterday. The volume OF
tracing in all The pits was very large. Inc
parties to The May corn deal are reNarkaplE
reticent roth those who are snort ana thoSS
who are long. The shorts are naturally re.
uctaut to confess that they are III need OF
nOmmiseraIion, and the longs are not III
cined 10 blow their horn whlle the deaI IS III
prOCreSS. The narroWness ana at me same
lime the nervousness, Of the market was
illustrated 10y TWO small transactions which
occurred in the course OF The session.
: White Il co. had an order from q
country customer 10 sell 3,OOJ ou May corn AT
dc. which they succeeded in dong near me
opering The telegram conveying the order
instructed White X co 10 stop The loss al &c.
That meant 10 buy ii back II Ii should al,
yaIce to 66c TIE price advanced 10 DOC, ana
Whites brokers Immediately trled 10 DIE Dach
the 900 bu sold earlier i'll O.c. Ihey bought
IL but 1T = c, not q transaction having taSeh
Mace between 65c and IUc. From 5O,OOl 10
10000 bu changed hands at around fGc, anu
iOCCO bu sold al 7lc.
The Anglo-Ameriean Packing company
was in n similar condition TO White
4 10 having 5000 bu to buy at dc which
they found impossible Of execution, ana
We're comreled TO pay nc for it. BALDWIN
Farnum accommodated White u co. Win
their 5000 bu, and Schwatt TIL utpee, with an
equal consideration, obliged The provision
COMPANY Coster-MaTtin took 5,OOO bu at
lie from Schwartz-Dupee, and expressed a
desire for as much more as the sellers would
part with. ..,
The nrm in question declined the invita-
tiou Mt the price but it was thought from the
willingness of Coster-M Martin TO encourage
the advance that their interest III the May
deal was greater than their modesty allowed
them 10 acknowledge. The best posted say
not $1,000 bushels have been traded IN since
the nr.Ce was y G, anu llllS - 4dil
There was some talk about Partridge being
short, but this was ridiculed. The clearing
weather. present and prospective, was the
governing influence i'll the gram pts, ana
provisions were weaker III sympathy Win an
easier feeling i'll July corn
In wheat the feeling was unsettled and
nervous and most of the advance OF yester-
uay was lost. The opening was l@lSsc per
bushel lower than the closing figures OF yes
Ierday, became stronger and ralIeu ssc, thell
! r1t In rtlln
The closing was about 1l2c lower than yester-
aay. Cables were higher. but did not have
any direct effect Oh the market. There was
q good deal of realizing ana considerable
long wheat closed out. At the decline
shorts seemed to be disposed 10 cover. and
there were quite few buying orders on
country account received, and the demand
proved sufficient 10 advance prices trac-
lion but q renewed pressure TO sell again
caused prices to decline TO the inside point
Of the day.
Oats we're fairly active, but unsettled, and
prices had liberal range. The market opened
weak and la@I5sc lower, declined lac more,
then advanced 5sc, reacted 5sc, but rallied
kc, and closed easy, with net loss OF l40
VIC There was fair realizing on the bulges
md good buying on the breaks.
The provision market suffered in sympathy
with the decline i'll July corn. Those who
had bought on yesterdays bulge had their
holdings to DISPOSE Of this morning. They
we're in haste to sell and quickly Knocked
off a large chunk from yesterdays advance.
Having gotten rid of great deal of the high
priced stuff the pressure TO sell was relaxed
and the market became dull. The SuDSe-
nuent fluctuations were comparatively mar
row. July pork opened at S1O 30, declined to
BIO. O5, and closed at S1J .Oil2, or 3Cc lower
than it did yesterday. Lard and ribs closed
At a decline of I2I9c.
Freights were lower with a moderate de
mand for vessel room at lac for wheat, and
lI2c for corn 10 Buffalo.
The estimated receipts for Monday are; 96
rars of wheat, 10 cars of corn, III cars of
pats and $4,000 hogs. The estimated receipts
of hogs for the entire week are $4,000.
The leading futures ranged as follows: