St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-12
HAD LITTLE EFFECT.
July Wheat Only Slightly In
fuenced by the Govern
ment Report.
Corn Opened Higher, But De-
clined Sharply on Heavy
Offerings.
Liberal Receipts Of Hogs
Cause a Decline in Pro-
visions.
The Main Tendency OF Prices
On Wall Street Was
Downward,

HIcAGo. April Il. - Aside from what
seemed TO be 4 gigantic effort 10 squeeze
Pardrldse ana other May shorts, The feature
of t9dav's trading in wheat was the compar
aIivelv small effect upon lis price OF me
worst showing Tor crop but one ever pup
lished ~ the government Al this season OF
the wear. An advance OF l2c IL July Whe"S
il is commended, 10y no means represents SHch
a condition is the government figures would
warrant. July wheat opened l4Ull2c hlSheT
than the closing figures OF Yesterday ana
under rather free speculative offerings
Driees receded lose. then advanced 5Sc, ruled
steadicr. and the closing was about i2c hlgh-
er than Yesterday. The present condition,
taking the same acreage Is last year, Won!d
iuplv q shcr.a.e Of - COZ, COO bu, CT crop OF
about 81. $4,000 bu against J59oJ1'OJ5 ou
harvested last year However based on the
condition al correSp onding time year ago
that Is Sl@3-tEe present conuIIou WouIu n
dictate shortage Of only about lAovuttV bu-
Corn NJ the Opeuiug was Ac better tha!l the
closing figures of yesterday. llnuehceu Ell
tirelv bv the action O wheat y weak zone
was soon apparent, however ana IL sIsauE
decline followed the offerings OF Severn - "
the laTEer shipping and receiving concerns
principally the former. being 100 heavy IOr
the local crowd 10 absorb. who III turn also
sold which made the decline an the more
easy The large StCckS. Win I-li!e OK no HS-
rna1d for any 0uantty from the East, IS re
SpOusibIe for tie position taken b. Shippers.
The action OF oats and provisions were a!So
instrumental IA creating weakness. Al the
IIs6lLC decline the market rultG larY
steady. reacted "a sc and closed with 5S9S4c
loss.
Oats were weak from the start, and llqnlda-
ton by scattering holders was the feature
The selling was in sympathy with the De
cline III corn and on reports OF ram. mere
was no buying support except from shorts
tut they were not buying sumclenI ID help
prices until decline Of 1850 mad ceen re-
corded on May ana 75IiISc on the other
months Later Il rally Of lac occurred, ana
the market closed quiet.
The general surroundings of the provision
trade favored the short side OF the market,
and The weakness in grain tended 10 add 10
The DEPRESSION in Il general way. There was
considerable realizing by the long interest
and there was some property disposed CT
which had been carried on small margins
and on stop orders. The receipts OF hogs
were fairly liberal and prices decidedly low
er. which was the entering ' edge Tor Il De
cline Liverpool exhibited weaker teelng
for lard. with a reduction OF is Cd. ne
market closed at slight reaction from IN
side prices but COMPARED with last night
showed a loss Of sc to 4zlzc for pork, l-42c
TO l7I2c for lard, and zee Tor ribs.
Receipts Of hogs for tomorrow are estl-
mated III 1900 There were no estimates
made on the receipts OF grain.
The leading futures ranged IS follows: