St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-05-17
over THEIR SCARE.
Chicago Traders Were Less
Anxious About the Finan-
cial Situation.
All Cereals Make a Coed Ad-
vance Under the Strong
Advance.
Provisions Reach Higher
Prices on the Light Re-
ceipts Of Hogs.
Bear Attacks on Stocks
Promptly Followed by
Good Rallies.

CHICAGO. May 16.-There seemed less
| anxiety regarding the financial outlook
on change here today. and the weather
was not all that could be wished for the
| growth of the wheat plant. The result
wasto more than overcome the effects
of the stormy weather in England and
France. July wheat is s4c higher than
last night. Corn was firm and closed at
&c Improvement. Rye for July delivery
took jump of 21ac per blu. Nobody
would sell any to few anxious shorts
who thought they must have it. Provi-
sions ruled strong, and closed with a
gain of 55c for pork, 2215c for lard and
171&c for ribs.
The feeling in wheat was little tame
at the start, Influenced by the lower
English cables, and the Australian fail
ures, but at New York the railroad
stocks were higher and the market here,
no doubt, was ''short" one, consider
able wheat having been sold recently
On the belief that financial troubles
would carry prices down still further.
With signs of a strengthening market
these sellers we're disposed to cover and
there was good deal of buying on the
part Of shorts. The higher Berlin
market was strengthening factor.
The opening was about the same as
yesterdays closing to better. then be-
came weak and prices declined 3s@19c,
but soon grew stronger and prices were
advanced with slight fluctuations 1c,
ruled steady, and the closing was about
at the top.
Corn at the start was steady, first
trades being at yesterdays closing
prices, but, as there appeared to be an
inclination on the part OF some Of the
shipping concerns to break prices, offer
ings increasing as the day advanced. the
price going OF re. The offerings were
quite readily taken by some of the larger
commission houses having Eastern con-
nections, and the price soon rallied, re-
covering the early decline, and closed
with slight gain for the day. a good
cash demand was said to exist, and the
report of 10000 bu being worked helped
to sustain the advance.
Oats began with an easier feeling
early. prices declining 15@4c. Good
buying of the near futures by the ship
ping houses and the strength Ia wheat
caused an advance of 4@15c. and the
close was steady at about the top prices,
Win 5ttlii VI 4W/2C lOl IllC udy.
With the receipts of live hogs only
mOiety of what was anticipated, provis-
ions opened excited and strong at
fair price. which continued to improve
on two prominent operators buying
pork. They had to BID the market up
by reason Of an absence of disposition
to sell. The volume of trading was
consequently light. Lard and short
rib sides advanced In sympathy. The
rushing in OF few shorts to cover added
to the strength, but there was moder-
crate action near the close. There was
falling off in the demand for shipment
on domestic account, owing to the finan-
cial troubles. while the export trade
was almost in dormant condition.
Freights There WAS better demand
for vessel room, and rates steady at 11Sc
for wheat and 1c for corn to Buffalo.
Estimated receipts for tomorrow:
Wheat. 215 cars; corn, $50 cars; oats,
IT'S cars: hogs, "a, 600 head.
The leading futures ranged as follows: