St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-07
WHEAT CLOSED LOW.
Denials Of Crop Damage and
Heavy Selling by Goth
am the Cause.
Corn and Oats Follow Wheat
Down Out Of SYM
pathy.
Provisions Start Strong and
Close With Advances for
All Products.
Realizing Sales and Bear At
taeks Force a Decline
in Stocks.

CHICAGO. April 6.-TEe wheat, corn and
Oats market closed weak after many changes.
Provisions started strong. ana 50 continued
TO the end. Rye awakened NJ last 10 the fact
that weather which mad killed wheat was not
unlikely 20 have injured rye, and il accord
ingly had a rise Of &c per bu. The clique
houses bought a good deal of wheat at the
opening. ana were credited with free selling
later on 4 bulge. Compared with last night
wheat is &c off for May and ssc Tor July.
Corn IS down lse, and cats Ssc. Pork shows
andadvauce of 8 c; lard, 4-lac, and ribs, 20c.
In addition 10 what was considered a dls-
appointment by the bulls in the status OF the
Kansas crop. there was also 4 report that an
early rain was probable in Kansas ana MIS-
souri,. which would relieve the situation and
give the crop 4 big start. New YORK haq DIG
selling orders here and the local crowd got
quite beariSh with GeGdeS. LaMSoh. " care,
Norton and Warrington al selIlnS freely
For q time the market found little support
from any quarter, but II soon underwent Il
sudden change. Cudahy's brokers began TO
DICK up the wheat and II was estimated
mat they secured fully 100000 pu IN
short order This alarmed the bears
and the Cincinnati PTice-Current re-
port coming in, reporting that the crop uam-
age was greater than previously lhdleateu'
created quite q bOOm-mOre especlaiy III
eiulY. May wheat Is IaSt 4OSiu5 4ts 444tS- ~
and the trade Is now centering IN July. AT
one time today the premium on May was
only .Ssc. July opened SSIl2e lower, ue-
cIined Iic more, then advanced lrreS uIarly
lIs6ll4c above inside prices, became weak
aud declined ilsc. closing steady Mt the
lowest figures or the day. The laIe decline
was due 10 heavy selling by Ream ana LIBERAL
realizing by early buyers Renewed atIen-
lion was given 10 the possibility OF ram III
the Vest.
The corn market was inclined 10 sell lower,
but any material decline was prevented more
than once by the bulishness when pre-
vailed for some time in the wheat market III
the latter half OF the session The trading
was moderately active ana was largely CON
fined to local dealers. Last prices were the
lowest.
Oats followed suit with wheat and corn,
and were cutie little lower The greater
BART OF the business was done by longs re-
aliZing on their transactions Yesterday. Nc
Intyre, WardeN x Co. were the principal
BUYERS. News continued TO arrive OF the
wheat fields being plOYed up ana oats SoWn
III place of il.
The provision market was remarkably
strong on buying hY the heavy local dealers,
particularly Uudahy and Armour. and follow
ing their example the scaIpers orders from
outside were scarce ard the hrmnesS which
prevailed was uuGccOmpanled by mucn act
iyity except for about fifteen minutes at the
opening and again al the close
Estimated receipts Tor tomorrow: Wheat
$50 cars; corn. 10 cars; oats, 10 cars; Logs,
1900.
The leading futures ranged as follows: