St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-28
AFFECTED BY WEATHER.
WHEAT DECLINES sy REASON or Ssv-
ERAL DEPRESSING INFLUENCES.
CASH BRINGS A PREMIUM.
Which Gives Some Firmness to
the Market in the Later Deal.
fngs = Corn Reaches Lower
Figures = sugar the specuia-
tive interes: Touches Highest
Point in Mouths.

CHICAGO. April 27.-The wheat mar
ket today suffered from the favorable
weather here and reports of showers in
California, opening at about closing
figures yesterday. May broke &c aud
July &c, but these tigures were reduced
to &c for May AMI H@ssc for July at
the close. The low prices attracted
foreign buyers, who took liberal pur-
chases both here and i'll New York
Corn was weak and lower owing to the
extremely favorable weather. Oats
ruled quiet. Provisions were depressed
by short sellers.
Weak cables, labor troubles. the re-
ported engagement of gold for shipment
tomorrow and rain in California pressed
the wheat market downward. though
slowly at first. A i!arge portion of the
transactions were in the way of trans
ferring May contracts into July at ~
cents spread. Pdrdridge had lot OF
that kind OF business to do and commits
son houses generally had more or less
OF it. The export clearances from the
Atlantic ports were liberal. amounting
from tue four principal cities to 500. oGO
bushels in wheat and -four. That item
OF ENCOURAGEMENT had very little effect
A sale OF $1,000 bushels of No. 2 spring
wheat was made here at 1c over May
prices, anu $4,000 bushels at &c over
May. That gave some frmness to the
market at the close, which was at 5S4c
for May. and COS @6014c for July.
Corn opened weak aud so remained.
Compared with yesterdays closing
prices, May opened at about &c. and
July 14(95sc decline. Before l2 o'clock
May had declined to 3S1sc, and July to
391s @394c. The amount of business
done was small. Prospects for planting
were fine, ana some reports were re-
celved of planted corn showing above
grnund in good shape.
Oats started quiet, with prices off
shade from yesterdays cash quotations,
and continued easy during the greater
part Of the session. The weakness in
wheat and corn was probably the prin-
cipal cause of the decline, although
heavy receipts with limited demand
resulted in a heavy feeling In the cash
market which also extended to the spec
ulative crowd.
There seemed to be a few more Nav
oats for safe today. Kennett-Hopkins
were said to have disposed of quite
fair amount. The buying was scattered.
The close showed May selling at the
highest price of the day-33sssc-or SO
Nc under yesterdays close.
The provision market opened fairly
steady, but became very weak during
the session. First prices were at or
about the sane as Yesterdays closing,
but in the end pork was from TIC TO
zoe lower: lard from sc to 1Oc lower and
ribs were "otf" from loo to l5c. The
receipts of hogs were $4,000 and the
prices were quoted SC higher. The
feature OF the days business was the
reselling by the Cudahy Packing CON-
pany. and by John Cudahy d Co. Of
short stuff cornered by them yesterday.
A fair business was done by the line
agents, who quoted rates to Buffalo at
l-6@15lc for WHEAT and 14t01l5c for
corn. Wheat to Kingston was &c, and
corn to Port Huron Ike.
Estimated receipts for Saturday:
Wheat, los cars; corn. $50 cars; oats,
2S5 cars; hogs, 1900. :a.r
The leading futures ranged as follows: