St. Paul daily globe., 1893-04-20
RULED By The CLIQUE,
Chicago Spectators Tail
Along After the Bull
Combination.
JIay Wheat Sells but a Frae-
tion Above the July
Future.
Provisions Opened Firm and
Closed Strong and Con-
siderably Higher.
The New York Stock Market
Was Feverish and Ir-
regular.

chicago, April 19.-For the first time in
months the May price of wheat today was
the same as at New York. Another notable
feature was that May and July sold within
L4e of each other. Corn and oats, rs well as
wheat, were apparently working in the di-
rection of getting carrying charges between
MAY and the more distant futures and were
weak-weakeSt for the May future Pro-
visions opened firm, and closed strong al
considerably higher prices.
Wet weather generally over considerable
areas Of the winter wheat belt and evident
manipulation, with view 10 bringing the
May and July futures into their natural re-
spective positions in the market, started
wheat weak The clique, which sold puts on
July Ireelv on the curb yesterday afternoon,
was a good buyer on the breaks today. 1t
was rumored that it had made some private
settlements since the close Yesterday, on the
basis of giving May in exchange for July at
u2c per bu discount. II the rumor
Is correct the exchange was pronla-
bic one for the clique Speculative H.
terest was confined more and more as
the day wore on 10 the probable action OF th9
bull CLIQUE il the near future. Inc slShaI
service report at noon indicated cold wealth
PIT, with freezing in sorn sections over me
wheat country. This did not influence the
trade 10 any extent nor did BFadsireet re
mort of 9 decrease Of 2,4gl,OlO bu III aNallaDle
Stocks May wheat opened l2c lower, ana
prices further declined ll2c, ruled steader,
md the closing was easy. lac from INSIDE Hg-
ureS. The July future opened l2c .ower ana
declined u more. then advanced CSC again
weakened and sCld Off CSC ruled steauler,
closing 14c from bottom for the day.
In corn the temper OF the crowd was ratner
Oearish, influenced mainly by wheat Inc
principal feature was the widening Of the
premium OF July, the free selling OF May anu
Inc buying Of July making the difference al
One time l7SG-c. There was slight rally.
after the first break, on covering by some OF
the local shorts ana at the close May showed
4 loss OF 2sc while july was about Ac lower
The market. considering the action OF WheaL
showed some strength. The general rams
which were FepOr'ed over the " est, II was
feared. would be followed by cold wave.
retarding the usual spring work at this sea-
son and, as q consequence, stlHenlnS up
prices a little
There was a large trade in cats and lower
range of prices. The feature was the lIqulda-
ton in May, which caused reduction from
yesterdays close Of 7Sc, and The finish was at
nearly the bottom. June declined l2c, Dut
the more deferred futures were eompaTa-
lively steady. only Tecedlng SSc- Ihere was
\ good business in selling May and buying the
other months. which accounted for the
strength in the latter. The weakness n May
was helped by the reports OF rams, ana also
of the Increased acreage.
An idea prevailed in the provision pit that
there was covering of stuff going on Tor the
New York coffee house which failed yester-
day. The hogs were posted at 2Q6Oo and.
although this was a liberal supply, both
packers and shippers were reported good
buyers at55G; advance. Later there was
good buying OF pork by Logan and other
commission houses, buying of lard by Steever
and schwartz, 10 lstlyIiIg IiIg OF ribs by Harvey
swift and Norton WOrthingtOn. The close
was strong at abOu: the best prices OF the
day. with September por6 showing gain Of
&c over last night September lard 7l2e and
ribs 12l2e.
Estimated receipts for tomorrow: Wheat
$40 cars; corn, l6y cars; oats, lS5 cars; hogs
5000. There was a light demand for vessel
room and rates wera lower Charters were
made early at lSic for wheat to Buffalo, and
later boats were offered ut 1l2c; corn at lac,
and oalS Gt lIsc
The leading futures ranged as follows: