St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-18
LET MAY WHEAT DROP
Fears That the Bull Clique Is
Working for Another
Squeeze-
Decrease in the Visible Sup
ply Boosted the Price Of
Corn.
offerings Of Provisions Were
Free, With a Limited
Demand.
CarlisIe's Order Had a De-
pressing Effect on Stock
Exchange.

CHICAGO. April IA slump of 5l2c in May
Sheat today caused many to believe that the
IhortS have nearly all been driven in by the
eumors of big settlements, which were so
thick d the time OF the great excitement but
which were so vigorously denied, and were no
doubt we'll founded for the clique seems TO
have abandoned the deal, for the moment al
least. ana sold heavily both of May ana
July. Later. when the decrease OF ne arly
I,200O5O bu in the visible supply was known.
prices gradually recovered some Notwith-
standing appearances. a number OF people
contend the action of the clique today was
only a ruse to induce further short selling
and work another squeeze. Tonight COM
pared with Saturdays closing prices, May
wheat is lac and July 5sc lower. Corn Was
firm on covering by shorts and closed at an
Improvement of from ISc in The May future
to ssc for July and September Provisions
show declines OF from I7l2 to 27l2c in pork.
Is to I7lsc in lard, and from lila to 2Je IN
ribs.
The opening for May wheat was about lec
lower. and prices declined sc more, rallied
&c receded some, and the closing was about
!Lsc lower than Saturday. July opened
about lac lower than the closing Saturday,
ruled weak and prices declined, with ouly
slight fluctuations. S4c: rallied l2c, huctuated
slightly, ana the ClOSlDR was aBUuI SsC LON6i
than saturday. There was some short sell
ing repOrted. The cables were rather unfa-
vorable for holders, Liverpool being quoted
dull and lower and London very weak. The
literal receipts estimated for tomorrow we're
weakening factor.
Corn at the opening was fraction under
the fual quotations of Saturday, and sold OF
Isc under the moderate offerings by the local
crowd i'll general, due entirely 10 the decline
in wheat. The demand improved later, and
the visible coming in with decrease OF /, lOJ,-
600 bu started the early sellers to buying,
resulting in an advance of 341l1c. Realizing
carried The rice back l2C, and closed with
net gain of ls04r. The sailing Of part OF
the lake fleet, with indications OF all the
boats going out this week. seemed to act as
publish factor. There was good deal OF
May covered today. and putting out July
There was good trade in oats and
stronger feeling on the whole. The opening
was at Is64c decline for the near, and
tribe advance for the distant futures After
q decline of lsc, the good buying Of shorts
absorbed the offerings SO readily that prices
advanced 5sGS4c i recession of lsl1Ae fol-
lowed and the close was steadg. The visible
supply decrease helped the upward move
ment.
Offerings of provisions were moderately
free, and the demand from all sources lin II
ed. The receipts of hogs were considerably
III excess of the estimates, and had de-
pressing effect Oh the market generally.
There wasa slight reaction from bottom hS-
ures, but it was nearly all lost again.
Estimated receipts for tomorrow: Wheat,
$50 cars; corn, $50 ears: oats, 30 cars; hogs.
1900.
The leading futures ranged as follows: