St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-03-31
CALM And PEACEFUL.
Quietude Succeeds Wednes-
days Buster on Chicago
Board of Trade.
May Wheat Closed Lower, but
the July Option Adj
vaneed.
Keavy Holders Of Provisions
Unload and Prices Went
Down.
Wall Street Speculation Was
Strong Almost From Start
to Finish.

CHICAGO, March 30.-The range of
Nav wheat, which yesterday covered &c
per bushel, confined itself today to fse.
Quietude, compared with the buster OF
the dav before, was the most marked
change in todaY's proceedings. Price
changes were insignificant. Compared
with last night, May wheat is l+c lower
and July 8, c higher. July was support
ed by buying orders from 81. Louis,
whence came also many bad reports OF
the prospects for winter wheat. South
ern Minnesota, however, reported farm
ers sowing spring wheat there. Corn
averaged frmer. but there was weak
feeling toward die close, with very little
change since yesterday in the price.
Provisions felt the effect of conSidera-
bic sales by the heavy holders, and
closed weak at considerably under yes
terday's prices for lard and ribs.
Wheat operators were as much III the
dark as TO the outcome of the May deal
as ever There were appearances that
the market was being supported by the
CLIQUE" but no unusual effort was
maze to advance prices. There was
not much wheat offered for May, ana
there was no special call. The July
future was stronger. and there Is large
shortage out for July. and that 1t would
not be surprising il the May and July
futures sold closer together very short
". Continental cable advices were gen
orally of a favorable tenor, quoting
higher prices, but English cables noted
an easier feeling and lower prices. The
export clearanceS were larger. There
were some bad crop reports received
from Illinois. ard the weather in W est
ern Kansas was still reported too dry.
The Cincinnati Price Currents crop
summary said that the average condition
of the growing crop has been lowered
more or less. and general average condl-
ton not equal to year ago.
4 large line of about 100000 bu short
corn was bought in for 81. Louis ac-
count. There were plenty or local sell
erS on the advance, and the general
feeling among receivers here was bear
ish. y. b. Ream and j. b. Lyon were
credited with some considerable proper
ton of the sales which supplied the
wants Of the shorts. The large visible
supply and the absence of any demand
for contract corn, even at the reduction
from regular prices offered by the ele-
vatOr men. were pointed TO as strong
arguments in favor of lower prices.
Oats were fairly active and firmer.
The shorts and scalperS did most OF the
buying. n B. Ream and Updyke led
the selling. The market closed with a
net gain Of sake.
The feature of the days business was
in the provision pit. The comparatively
greater weakness in lard and ribs than
in pork until near the close of the SEES
sion was the notable feature. The big
longs were sellers of lard and ribs. and
the scalpers and other local traders were
quite willing to follow the market down
with theiI own short sales. Toward the
close the selling was transferred to
pork. The final trading was at a slight
reaction from bottom figures. pork quit
ting with a net loss compared with last
night of nc; lard, l5@3215c, and ribs,
2215@3215c.
Estimated receipts for tomorrow:
Wheat, $50 cars; corn, 156ears; oats,
1j3 ears; hogs, $4,000.
The leading futures ranged as follows: