St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-15
HOLDING TO The COIN.
The Wheat Clique Will Not
Let Shorts Pull Down
Their Margins.
Hay Wheat Closed With a De-
cline, While July Was
Higher.
Light Receipts Of Hogs Adj
vance the Price Of
Products.
Dealings on Wall Street Char
aeteriZed by a Firmer
Tone.

CHICAGO, April 14-Unlucky "PlunSer'
Partridge. in view of the decline in May
wheat. made an attempt today, it is said 10
get back some Of the money he was forced
TO put up in margins during the big bulge
According TO current gossip, he was promptly
given the cold shoulder and other victims
met fate exactly similar. Apparently 1t IS
the intention OF the clique to keep string on
every dollar they can lure into the charmed
circle. But for this margin incident the
trade would have been almost ready TO swear
that the deal had been abandoned. The
shorts are merely walking treadmill instead
of making progress on the open, as they
seem TO think they are doing. May
wheat was il measure, overlooked
apparently today, ana operations
Seem To be transferred principally
TO July. It was 4 part of the gossip that the
clique was heavily short of July and Sep
TENDER and had got alarmed al the crop out
look and was covering heavily. The opening
for May was about The same as Yesterday
closing 10 &c lower. and prices further de-
clined &C. ruied steady, and the closing was
about Hoe lower Than yesterday. Inc July
future opened about he same as yesterday 5
closing and declined lsc more, then ad-
vanced I2c flucJuMed slightly, ana closed
about L0Ssc higher than yesterday. The
story OF Pillsbury'S settlement is modified
some today. The settlement Is hot denied,
but the amount i said 10 have been only
million bushels direct but is said TO have in
cluded some arrangement by which large
amount of special bin wheat held by Pills
bury in the Northwest should not come 10
Chicago 1t is expected thst the big grain
fleet will leave port on Tuesday next. The
amount of grain on board which will then
so out is about g C0hOJ6 bu.
Operations il corn were confin ed almost
exclusively to local room traders who at the
Z 1FNFnr fnT
the movement the weather through Kansas.
Nebraska. Iowa and Missouri being Geld and
unreasonable, lending considerable strength
10 the situation. After easing OFT He, the
selling pressure being quite pronounced by
holders, who evidently. are anxious TO let
their lines go and take advantage OF the
premium on storage room, the market rallied
ssc. worked back lsc, ruled steady, and closed
with full l4c gain
There was Il lighter trade in oats, and price
changes were confined TO Ssc range. The
market closed firm a good part OF The bust
ness was in changing from near to distant
months.
The general surroundings of the provision
trade were favorable 10 the long interest, and
they were not disposed to sell to any extent
Receipts OF hogs were lighter Than generally
anticipated. with a substantial advance in
prices. Domestic markets were stronger, and
Liverpool advIces were more favorable to
sellers. quotations being advanced Cd on ba-
con ana Is on Cumberland sides and lard.
The receipts OF products were small, and the
shipments quite liberal. especially OF meats
Local operators traded moderately, and out
side orders were fair, chiefly on the buying
side, encouraged 10 some extent by the re-
ported moderate stocks i'll the West and the
estimated reduced supply OF hogs for sum-
ner packing. Prices ruled higher on all the
leading articles. and extreme figures were
fairly well supported TO the close. Shorts
purchased with considerable freedom. Com
pared with last night pork is 42l2Dj0c high
er. lard 106l5c and ribs l1l2G20c.
Estimated receipts Of hogs tomorrow, A.
COS head. FreigntS we're dull and lower, at
24c for wheat and &c for corn to Buffalo.
The leading futures ranged as follows: