St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-25

CHICAGO. April 24.-After something
verging upon panic wheat today closed
firm with gam of &c compared with
the closing price of the previous day.
Holders Of the Cash article sat Jack and
demanded q premium o! 1c per bushel
over May for ordinary No. 2 Chicago
spring ana got their price. while the
speculative holders were chasing around
the pit for buyers at the lowest price
on record.
Corn was affected for time by the
weakness in wheat, but also shared in
its later firmness, and closed with gam
OF &c. The May shorts in oats HAD 10
suffer for their temerity. in view of the
SLOW stocks here.
AS soon as the opening signal was
given the wheat pit resounded with
offers TO sell May wheat al from 51$sc TO
574c. Trailing was more general for
moment at the lower of these prices.
At 81 &c the decline since the close yes
terday wus &c per bu, and it was 4c
lower than the previous lowest price on
record for Nay delivery.
The decline was attributed to I'M
usually large exports and reports OF rain
in the West.
There WAS nothing in the morning
news to encourage buyers to lake hold,
even al the extremely low price. The
price ltSe.f. however, was 4 potrn. ar-
ghment with the shorts, WHO took hold
freely, and by their purchases put the
value up 10 5Sc in the course of half an
hour lEcluding the shipment from
this country, 2,UUO.000 bG were pnt atluat
last week in excess of the estimate
Of the importing nations. Besides the
prospective is of 1000, 600 bu of wheat
from drongh: in California. the bulls
tried TO sustain their dropping courage
by contemplation of the clearanccs
for the last tweEty-four houtS, which
amounted ill wheat and -four TO about
7oO,CO0 bu, including what went from
TIE four principal Atlantic ports and
New Orleans. The bulls failed to buy
any wheat that was left 10 the shorts,
and buying of that character was
sufficient to sustain prices in
the near neighborhood of 5sc
during the greater part of the
session. Late in the session Ut was dis
c .vered that there were buyers for some
cash wheat. The misfortune of the
spectators was the opportunity OF
the users Of cash grain. and
the latter WCnt around among tie
elevator men, bat found that there was
! no pane among the latter class of mold
erS and that No. 2 spring could only be
bought by paving one cent over the
May price for it. and hard spring was
held at Il premium over the July price.
Then some anxiety to get hold of some
of the pit wheat manifested itself and
caused the price to advance to 5S1ac for
May. July sold at 604c.
The business in corn was rather light
| until near the close, when some life was
impaired to the trade by the rally in
wheat. The receipts were light and
the experts liberal. and for tomorrow
ninety cars are all that are looked for.
Oats were easier early i'll sympathy
with the other markets, but later in the
session were quite strong. Oaly small
business was transacted.
The provision market was dull and
ufeatur, less. Hog receipts were light,
ana pork and ribs improved IL triflc as
| the result OF the days business. while
| lard closed at a slight decline. Hog re-
| ceipts were only 1900. Estimated re.
| ceipts for tomorrow: Wheat, 50 cars:
| corn, 30 cars; oats. lao cars; hogs. %, 0O0
The leading future sranged as follows: