St. Paul daily globe., 1894-04-03

Movement Is Checked, and
Some OF the Speciaities Are
Doomed The Entire Marke
Closed Depressed.
CHICAGO. April 2.-Wheat averaged
firm most of the day. sandwiched in at
intervals with weakness. There was
more reliance placed in the reports OF
crop damage, which came in from differ
ent directions. LII the states of Missouri
and Kansas do not get copious warm
rains within the next ten days not much
hope will be left of even half a crop.
Corn. oats and provisions were weak.
The weakness in all three was Occa-
stoned by the too liberal receipts.
g GWheat opened rather easy at about
Ec lower than it closed last Saturday,
but soon recovered and ruled firm until
after the visible supply statement
showed smaller decrease than had
been looked for. The opening for May
was at from $3.50 to 60c, compared with
6012c at the close Saturday. There was
an Improvement during the morning to
603s@6012c. but when the visible showed
decrease of only 10000 bU instead of
100000 bu, 1t dropped back to $3.50.
The reports from the country conceru-
ing the effects of the treeze-up on the
plants were the governing influences
following the eaSineSS at the opening.
Prdaridge and the visible supply state
ment were the influences which fol-
lowed. The formers house was selling
wheat freely during the forenoon, and
the effect that had on a narrow market
was considerable. The Liverpool mar
Eet was quoted firm at the opening.
1he amount on ocean passage in
creased 3S4, 600 bushels during the past
week. Liverpool stocks for the san e
time Increased 81, 600 bushels and since
March l decreased 1.500,O0O bushels.
The total stock of wheat in Liverpool
now is 1866 900 centalS. Chicago re-
ceipts for the day were thirty-siX cars.
Minneapolis and Duluth reported 4224.
A year ago Chicago receipts were 2l7
cars and Minneapolis and Duluth got
961 cars. Estimated receipts for tOmor-
row at Chicago are fifty-siX cars.
An attempt oh the part of a prOmi-
nent commission house to cover some
wheat sold early in the day discovered
for sale. land there then occurred lively
rally which lett May at 6U5sc, or &c
gain for the day.
there WAS talr attendance In the cOru
pit and moderate amount OF trading.
The tendency was III the main toward
lower prices. The receipts were 1926
cars, ana the estimates Tor tomorrow
4S3 cars. The price of May at the start
was 371sc. compared with 3712c at the
close Saturday. There was IL slightly
hardening tendency while the early ad-
vance in wheat WIS in progress, and as
high as 371139375sc was realized for a
little at that time. With the subsequent
weaker feeling in wheat, the price of
May corn dropped back to 371fc. The
final rally in wheat brought corn hack
3155c at the close, showing sc loss
or the day.
There was moderately active Dusi-
ness transacted in oats. and the market
on all deliveries with the exception of
July ruled shade easier, in sympathy
with the wheat and corn markets. Nav
opened off sc from Saturdays last quo
tatlon at Bic, and weakened still further
10 3Os4c. 1t sold up again to 30I(031c,
and was offered at that price at The
close.
There was only light trade done in
the provision piI, ami the feeling was
rather heavy. The heaviness was due
to a large run of hogs reported from
the yards. The receipts today num-
bered 44.000 head, and prices
were quoted from 10 to 15c
lower. A little buying caused
late rally and the list closed firm.
Compared with Saturday night. May
pork is l0 cents lower. May lard un-
changed and May ribs cents lower.
The railroads restored east-bound rates
TO New York today to the regular tariff,
20 cents per 100 pounds, on flour and
graiu and SO cents on provisions Lake
rates are dull and easy n: "a cents
asked for corn to Buffalo and 8 cents to
Kingston.
Estimated receipts for tomorrow:
Wheat. 81 cars: corn, 4S3 cars; oats, 40
cars; hogs, $1,000 head. No board of
trade markets tomorrow municipa
election.
The leading futures ranged as follows:
- OPEN High Low Clos