St. Paul daily globe., 1893-04-22
WEAK AT The CLOSE.
Wheat Affected by the Finan-
cial Stringeney in New
York.
The Opening Higher on
Stronger Cables and Bad
Crop Reports.
Hay Oats Strong, Shippers
Buying Heavily of Con-
tract Grade.
Eumors Regarding the Finan-
cial Policy Make the Stock
Market Erratic.

CHICAGO. April 2l.-Wheat turned weak in
the last hour of trading today. The weak
ness was due 10 large sales which seemed to
be induced by the apparently increased fin
ancial stringency in New York and report
ed big failure in Philadelphia. The decline
from top prices amounted 10 1lS6elAe. The
close was comparatively steady NJ slight
reaction. Compared with last night July
wheat Is &c lower. May is unchanged. OH
ers not much affected, but there was quite
slump in provisions, the latter losing about
al the days gain.
Wheat started out strong, with a continual
ton OF the firmneSs developed yesterday
Cables were stronger and higher, and crop
news not particularly encouraging. Ihe
weather was cold. and it showed III the North
west which IS likely 10 delay seeding. The
Kansas crop it was claimed, would not
be benefited much by the rain. The
snow which Tell i'll the winter wheat belt
il was thought would be of general beneht
It WAS rumOred that the French were buying
in New York and there was export buying at
ST Louis The heavy bank failure in Aus
tralia did not seem to have affected the
market at least not until the New York
stock markets showed signs OF weakness.
Nav sold within lIac fluctuations and closed
about the same as yesterday. July opened
III The closing figure OF yesterday. prices raj
lied 5sc declined llsr. and the closing was
about L0Ssc lower than yesterday.
The corn market was the narrOweSt seen IN
months. Privileges cut more OF figure with
the action or values than anything else.
Opening trades were al about the final quo
tatiOus of yesterday. and after varying $50
4c. closed with Il ;rifle advance.
There was good trading in oats, chiefly in
changing months. The cold weather, per
hapS. induced some short coy ering. The
market opened trmer but closed easy at
about Yesterdays prices, except for May.
which was I4Issc higher. May was in spe
cial request. BaTIiett-Frazier, NOrton-W Orth-
ingtOu, Patten Brothers, Armour and COuu-
selman al purchased fair quantities Of that
month There was an excellent shipping
inquiry for No contract with shippers
paying May prices for all available stocks.
Hog products opened strong and higher on
very light receipts of live hogs. at the Yards
and talk of probable small May stocks of pro-
visions. The firmness increased on some out
side buying orders coming in, and the local
crowd supporting the market until late in
the day, when May pork broke badly, on free
offerings, and carried everything else down
however, at the close. Compared with last
night. pork is virtually unchanged, lard from
sc to 7l2c higher May ribs are :l2c higher,
and 10c higher than the July and september
deliveries.
q. Freights were dull. with fair offerings of
vessel room at ll2c for wheat ana lac for
corn to Buffalo.
. Estimated receipts for tomorrow: Wheat
41O ears: corn, I35 cars; oats, 175 cars; hogs,
1908.
The leading futures ranged as follows: