St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-05

611zc, and good deal came also from
such of the scalping longs as had bought
wheat and carried it over from Monday.
There were, however. Il sufficient num-
Der of buying orders from local shorts
and from outside sources 10 absorb the
early offerings and to prevent the heavy
quantity offered from causing more
than temporary fractional declines dur
ing the first hoar of the session.
The May futures Onened with few
sellers AT 6l3sc, but there were numer-
Gus buyers al 6l14c at the same time.
and some al 6l5sc The fluctuations for
The remainder of the time referred to
We're from 6154c 10 61asc. The cause of
the sudden rise at the opening was the
gathering bullish sentiment due to The
continued bad reports from numerous
sections OF the winter wheat country.
These reports, continuing TO confirm the
opinions expressed of serious damage
immediately after the Good Friday
freeze. had time to accumulate during
the enforced interval of the holiday. xza
RAIN in Kansas and Missouri, so badly
needed IN those states. was still with.
held. The other news of the day COLI
Sisted chiefly of the statistical items of
t ie two days movement, and they were
also In the main of a bulliSh character.
-four were very heavy, amounting to
about 660.0OO bu from the four principal
Atlantic ports. The worlds shipments
III wheat and flour for last week, outside
OF what went from the United States
and Canada. amounted TO 1892, 600 bu,
and the total put atioat was only-4, $4,000
bi. instead OF about 1000, 900 blu needed
by the importing countries. All these
rather bulliSA facts were put INTO
the shade when it became known
that in addition TO the crop damages
east of The Rockies the crop on the Pa
cliic side was also seriously threatened
with disaster. Following short time
spent ''in chewing on the latter piece
OF intelligence the shorts commenced 10
give clear indications of its having dis
agreed with their digestion and sought
Tor relief by splaShing around in the pit
Tor wheat. People who had it refused
TO part with auy, and a wild wall went
up from the shorts as dozens of them
grabbed all over the crowd for every
ten that was offered. Prices appeared
no object until May had gone to SIC and
shade higher and July to G45Ic. against
62c at the close on Monday for the lat.
ter delivery. There were sales as high
as 6o1sc. and then Il reaction 20 613c.
followed by another bulge to 63c, and
paw N"o o~/SVSooC 1T tHO ClOoC.
lie corn market was but slightly
affected by the great bulge in wheat.
Trade was dull. and. although an adj
vance OF sc took place, the purchases
causing that slight gain were appa-
rently on the expectation of still
greater amount of sympathy with the
wheat market. May opened at from
$3.50 to 372lc. against 37as3c at the close
on monday. 1t rose another 1sc to SIX c,
and closed at 37al @372sc. a quiet and
undressing session was passed in the
oats market Prices opened tirmer in
sympathy with wheat. and followed
mat cereal in all its fluctuations. May
opened AT 81 &c. sold down to 3l1sc and
al The close, and 3i1ic was bid.
The hog products were active and
higher. Pork lead in the advance,
J Jumping up 75c per barrel in the course
OF the day and holding $3.50 of the gain
10 Me close. Brokers, supposed to be
buying for Armour d Co., were quite
active, and the packers generally were
inclined to favor the ad-
vance. A light run of hogs is expected
Tor the near future, and to that was
aScrlbed the bullish feeling prevailing.
lie hoy receipts today were %. 900 head.
and for tomorrow $4,000 are looked for:
me price al the yards was reported from
10 Toe higher. Lard and ibis did not
show SO much vigor in the way of adj
ding to their former value as did pork,
but they closed with virtually all the
advance of the day held.
May lard closed soc higher and May
ribs 2113c higher.
Estimated receipts for tomorrow:
W heat. u cars; corn, 40 cars. oats, $50
oars; hogs, $4,000.
The leading futures ranged as follows: