St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-24
Many Foreign Orders Re-
celved at Chicago and
Other Markets.
Seriousness Of the Crop Out
Z look Abroad Causes the
Demand.
Corn Follows Wheat's Lead
and Closes With a Good
Advance.
The Professional Element
Controlled the New York
Stock Market.

CHICAGO, April 22.-Wheat led an adj
vance i'm the grain markets today, ana
for the first time in many months the
bull inspirations came from the fereign
consumer. There We're large buying
orders from abroad received at this and
other markets, which tOday'S advance
prevented being filled, however, hold
ers asking &c more than they would
have accepted yesterday. July wheat
closed at 741sc, as against 1870 on the
day before. May was remarkably slow,
and closed at S294c, compared with 73c
yesterday. Corn and oats were tirmer
and higher, partly in sympathy with
wheat, but due also to the bad weather.
Provisions were dull and closed at
slightly lower than yesterdays final
prices.
While the buoyant feeling was some
what checked by the financial outlook,
the feeling seemed better than yester-
day in this respect, and the bank state
ment was regarded as favorable. The
clique was again doing good deal of
the buying, but Logan, SchWartz-Dupee.
Kennet-Hopkins, Armour and others
also bought freely. Partridge was a
seller, and there was scattered selling
generally against calls. Cables were
higher, and continental markets were
said to be excited, with Paris 12@1f
higher and Berlin 2 marks higher,
due, 1t was said, to the increas-
ing seriousness of the bad crop
outlook. At home there were no
rains yet in Kansas, and the storms in
the Northwest have put an embargo on
all farming operations. 1t was asserted
that seeding would be put off two or
three weeks, making the harvest late
from hot winds in July or early frost.
A key note to the market was dis
patch from Prime, which read:
Crop conditions are in doubt: indlca-
tons of disastrous results OF late
storms on wheat, oats and fruit; farm
ing operations brought to standStlll."
The affect of ali this was to stimulate
active buying, and was little for sale.
Nearly all domestic markets were higher
than Chicago. and New York reported
the best continental buying there for a
long time. The indications are that
there will be decrease of about 1,000,-
900 bushels in the visible supply. May
opened about the same as yesterdays
closing, anG then prices declined 1c.
rallied &c, and the closing was about
&c lower. July opened 4936c higher,
ruled firm and prices were further adj
| vanced &c, held steady, and the closing
was about sc higher than yesterday.
Expectation of an immOyable market
in corn today, indicated by the trading
in puts and calls, was doomed to dlSap-
pointmtnt. There was no life in the
IL Il kba6 rc or
minutes. The fluctuations during the
time were covered by from 1-16c to sc
per bushel. But when wheat showed
such unmiStakable signs of going high
er, buying orders came i'll in such VOL
ume as to jOstle 1t out of its narrow
course. New York sent many of the
buying orders through Bald win-Farnum
| and Walker d Co. Receipts were small
only So cars, where 125 were expected.
| There was some inquiry for cash No.
for shipment, and one lot of 10000 bu
at least was taken by a shipper who
gave May in exchange, but at what pre-
| MUM for the latter was not made pub
| lie. The market closed strong at about
the best prices of the day, a gain of
! 14Q056c compared with last night.
There was not heavy trade done in
| oats, but the market held firm in SYM
| pathy with wheat and corn. Inc orders
| from outside were light; good many
| bad crop reports were in circulation.
| The close was at outside figures with
| 35011ac advance.
The provision trade was not up to
| former days of the week. Although the
| board said 10000 hogs for next week
| there were private estimates of 10000
! to 10000. This was the bearish feature
for the day. There was also consider
able selling by those with profits on the
| advance. There was only fair activity,
and at the close prices were at the
medium figures Of the day. Compared
| with last night. pork is down 211a(95c,
and lard and ribs 5(9719c.
Estimated receipts for Monday:
| Wheat, 300 cars; corn, 141 cars; oats,
100 cars; hogs, $4,000 head.
| The leading futures ranged as follows: