St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-25
FOUGHT AN ADVANCE.
Wheat Bulls Force the Prices
Down Fraetionally by
Hard Work.
The Clique Sells May and Re-
places 1t With
July.
Provisions Advanced on
Lighter Receipts Of Hogs
at the Yards.
Stock Market Opened Strong
on a Statement by Pres
ident Cleveland.

CHICAGO, April "a. - Wheat to-day
averaged higher, but left off with a
decline of e in May and sc in July.
Linn. Champlin and some Of the others
of the heavy local sealpers fought
against any advance. The Clique
bought at the opening and sold on the
advance. Corn was firm and closed
with a gain of asc; moderate advance
was established in provisions also.
In the wheat pit speculative feeling
was nerYousiy apprehensive and, as a
rule, shorts were inclined to cover, and
there was considerable investment de-
mand. Cables were frmer, and there
was renewed talk of foreign crop
damage from drought. but number
Of private messages from Paris and
Berlin denied that any damage had been
inflicted on grain, while admitting that
paSturage had been seriously shortened.
The condition in Kansas was still said
70 be full of peril 10 the wheat crop.
Some good rains were admitted, but
dispatches from many parts OF the
state said that the recent freezing
weather had done more damage to
wheat than the recent drOuth had. The
weather bureau also reported killing
frosts in Ohio. Kentucky and TenneS-
see, and it was thought that much
wheat must have been injured, as much
of the crop there is in the joint, at
which stage it is susceptible of in
Jury from frost. During the last hour
wheat turned easy mainly on free real
iZlng sales, which was disappointment
to the bulls. The decrease on the cor
responding week of last year was 1885,
600 bu. There is growing feeling that
the clique is shifting around in its posi-
ton, and as likely to drop May and bull
July. 1t sold Partridge 100000 bu May
today, but Immediately replaced 1t by
purchase of the same amount for July,
and has done the same thing IN many
other instances. July opened about 3
01ic lower, and then rallied &c, again
became weak and prices declined &c,
ruled steady, and the closing was 16914c
lower than Saturday.
Corn attracted a great deal of atten-
ton, the market ruling much more
active, and price changes covering
wider change, with increased outside
interest. The sentiment appeared to
be a continuation Of the stronger tone
developed late Saturday, and still high
CT DllCtS NClG StOLOOs NAllCAAAC LS III Cos
however, not being maintained uD to
the close. There was better outside
demand. st. Louis being credited with
purchasing freely. New York was
both buying and selling. Shippers
bought good deal early, but sold COIL
siderable on the advance. The sharp
demand induced many local shorts to
cover, and. the offerings at the time
being light, created very firm marYet.
Indications of q better cash demand
and strength in surrounding markets
all tended to sustain values. Opening
trades were at about the final figures of
the previous session, and, after selling
up 3tc, worked back &c, rallied 35c,
eased off &c, ruled firm, and closed
with gain Of 35416c.
There was Il good business in oats
and a stronger feeling. The market
opened 14e lower for May, but steady
for the other months. Good buying of
May and selling OF July caused July to
decline from 55c premium at the start to
the same price as May at the close. The
strength in corn and wheat also helped
the market. and prices advanced 55@
&c, reacted Il sc and closed steady
with a net gain OF 14015c.
There was a big market in provisions
most of the session. Prices got very
decided advance during the morning
and q part of the gain was lost before l
O'Clock. The greatest volume of trade
as we'll as the greatest action in prices
was in pork. The strength was also
better maintained in this prod
uct. The strength at the start
was from the hog market. Receipts
were 5000 under the estimate of $4,000
and the Tuesday estimate lighter at
$4,000 There was some outside buying
on the early market. Strong local par
ties were good BUYERS On the advance.
Steever bought freely of pork for
Wright or Cudahy. perhaps. Wright
was a buyer besides. Armour took
pork and Cudahy lard and ribs. The
Anglo and Durham also bought pork.
Capin & Edwards and Chicago Packing
company took lard. Packers generally
were good buyers. Shorts naturally
covered stuff. On the good advance
those with profits were free sellers.
When the offerings became liberal
prices went OF quite sharply, but still
held a good ADVANCE over Saturday, as
follows: Pork from soc to Size. lard
from nc to 121gc, and ribs sc higher
for September. with the other deliveries
unchanged.
Freights were Gull and easier at nc
on wheat and 1c for corn to Buffalo.
Estimated receipts for tomorrow !:
Wheat, $40 cars; corn, $50 cars; oats.
225 cars; hogs, $4,000.
The leading futures ranged as follows: