St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-27
Wheat and Corn Higher in
the Forenoon, but
Weaker Later.
Unfavopable Weather Caused
Some Buying Orders
From Outsiders.
Provisions Closed Firm and
Higher After a Weak
Start.
Wall Street Speculation Cur
tailed by ths Approach
ing Naval Parade.

CHICAGO, April 26.-COncern as to
what the coming delivery day will bring
forth was tine predominating feeling in
the wheat pit as trading closed this
afternoon. Mayo will be tine day, Mon
day, the 1st, being holiday III honor of
the worlds fair opening. The clique
today appeared to be continuing to rid
themselves of May wheat, and buy in at
the same time July sold against it. 1t
had very much the appearance of an
abandonment Of the manipulation.
Partridge is reported to have settled
with the clique at 214c difference 1.000.-
600 bu more of his short May wheat. Both
wheat and corn were firm and slightly
higher during the forenoon, but weak
ened, and closed at about the lowest
point of the days range. Wheat is sc
lower, and corn about nc under yester-
,y's resting prices. Provisions ruled
firm, after a weak start, and left off
with slight gain for the day.
The crop outlook was looked upon as
unpr0mising, and there was good local
buying early in the wheat pit. The
Northwest, st. Louis and New York
took a good deal of wheat, but when
these buyers orders had been filled
trade bee anne dull and prices went off
some. There seemed no doubt that the
talk of financial complications had a
tendency to check speculation. July
delivery ruled &c higher to &c lower
than yesterday. Tie September future
ruled perhaps the strongest on the list,
advancing &c above yesterday s,ciosing.
and closed about &c higher. For May
delivery prices declined Is and closed
&c lower.
Corn was little unsettled, the tone
at the start being firm. the small re-
ceipts and the wet unreasonable wealth
er having that tendency, and initial
trades were at a trif1e higher than the
closing figures of yesterday. The advance
met with free offerings. and the mar
pressure of "long" property coming
out, and. the short interest being
fairly we'll covered; the demand
was limited and &c decline
followed. Later prices rallied slightly,
ruled steady, but closed with 56@Lc loss.
Counselman-Day were operating the
same as on yesteday, selling the May and
buying the July, the difference being
widened at one time to 214c. Baldwin
Farnum sold freely of May. One prom
inent house in the shipping trade re-
ported Liverpool bids reduced 112c since
yesterday.
The feature in oats was the covering
of "shorts" in May by shipping houses,
aDd the changing of May and June
even. against &c difference yesterday.
July sold at slight discount. A tirmer
feeling prevailed and prices advanced
&c for May and I@15c on the other
futures. reacted slightly and closed at
&c advance for May, &c higher for
June, steady for July, &c lower Sep
TENDER.
Hog products opened weak and lower
on stop selling orders by outside parties,
and somewhat larger receipts of live
hogs at the yards than anticipated. The
offerings were soon absorbed by the
local operators. and prices advanced
sharply, the marketeXhibiting consider
able strength on an absence of any dis
position to sell. The volume of trading
was fair. Later iii the session the mar
ket ruled easy on the short interest
ceasing to buy. There was continued
demand for shipment on both foreign
and domestic account, especially the
latter. Cables were firm, with Liver
pool Cd higher for Cumberland sides,
and is better for lard.
Estimated receipts for tomorrow:
Wheat, 205 cars; corn. 10 cars; oats,
40 cars; hogs, $1,000. Freights were
slow, with charters at 1c for corn and
oats to Buffalo, and &c for corn to King
ston.
The leading futures ranged as follows: