St. Paul daily globe., 1893-04-19
MAY WHEAT 4 JONAH.
Nobody on Chicago Change
Wanted to Buy Next
Month Options.
The Result Was a Decline o
1 3-4e From Mondays
Close.
Provisions Irregular, Closing
With a Slight Advance
in Pork.
Wall Street Bears PowerieSS
to Check the Upward
Movement.

CHICAGO, April lS-The Jonah on change
today was May wheat While everything else
had quiet session and left OF at about last
nights prices. May wheat appeared about
ready 10 lump overheard. Nobody seemed
to care very much. The clique brokers had
considerable May for SALE but as shorts Gov
cred up pretty generally on yesterday 5 break,
there was rather meager demand
and weakness ruled, prices soon going
Cf lStc from Yesterdays prices.
The interest seems 10 have nearly
all gone ont of May. There is.it is said III some
quarters. still large short interest bat 1t IS
by such men as Armour and they show no
anxiety about II, and, having bought or con
traeted fer the wheot 10 ill their May sales,
still intend 10 deliver il to the clique. Not
because il can be done cheaper than 10 set
tie, but because the arrangement was made
when the cliuue was arrogant and confident,
aud cannot now well be changed. There IS
sill good deal Of diversity in opinion as TO
what the clique has i'll view, but the general
idea is that il is playing to catch another line
of short sellers and pluck them as before, put
the crowd is cautious and inclined To let
MAY alone.
The BUSINESS III July was spasmodlc being
quite active at times and then having long
seasons OF duIlness- The early tendency was
weak on reported rains III Kansas ana over
the Southwest. But II Was soon explained
that the rainfall had been very slight, Win
none at ali in Western Kansas and there was
q stronger tone. Logan, CnamDlln, Kenneth
Hopkins. SchwaTtz-DuIee and Edwards
bought freely. which gradually sent prices
u9 d little But on the hard spots the Clique
brokers sold freely and prevented an ed-
vance. The stocks Of contract wheat have
increased coo bu during the past week,
and are now 129G7CCe bu Private cables
from Paris report dry weather lEJurlng
wheat in France The market closed slow.
but steady I2c from the bottom Tor May.
July was confined TO range OF Ssc. and
closed unaltered from last night.
Corn started a about the closing prices OF
Yesterday, was steady Il while, one concern
taking about p 0,00 bu May and July, which
had a STRENGTHENING tendency. after which
the price sagged h0ck 14c. rallied slightly,
ruled steady and closed With a trilie advance
Transactions were in the main OF local
character Il good deal Of changing taking
place selling May and buying July mostly at
l5Sc premium for the latter.
There Was 4 moderate trade i'll oats within
gsc range and the close was ST 4 net loss OF
1sG14c. Ne special features developed.
The fact that receipts Of hogs were some
what lighter than estimated with prices
slightly higher impaired little strength at
the opening. but little pressure 10 sell de-
yei0ped a weaker feeling, and prices declined
al around. Later d little more sleadiness
prevailed, and prices rallied TO about medium
figures, and closed comparatively steady. In
comparison with the previous Cay 5 closing
prices pork Is 2Iac higher for Nav and Jul
Lard Is 5c lower Tor MAY and July and @l2c
lower for September. Ribs for May are 7I7c
higher. for july and September 2i2c higher
Estimated receipts for tomorrow: Wheat
Alb cars; corn, 1so cars; oats, l50 cars; hogs
21,OO3.
The leading futures ranged as follows: