St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-08
HEAVIHEss IN WHEAT.
IT WAS A KEkKER Market c0L9RED
BY CROP REPORTS.
TRADING IN PROVISIONS SLOW
Stocks and Bonds Active and
Stronghold Bank Statement
New York and Chicago Clear
ings Show tire Increase of
Business Confidence-Expor
and Imports Of Specie.

CHICAGO. April Tt was a weather
market in wheat, with yariegated crop
reports thrown in. The majority of the
reports received today made quite light
OF crop damage. and the trade gave ear
to that version of the story. The feel
: Ing was heavy, and, while trade was
light, there was less tiiniditY shown by
short sellers. AT the close May wheat
showed loss OF about &c. The spread
between May and July is now nc.
Corn was weak. and left off with loss
for the day of &c. Oats were firm for
near deliveries and weak for the more
deferred. Provisions were in the main
quite firm. After the close of regular
session of the board yesterday wheat Oh
the curb was very weak, but seIti-
inent had turned again to the bull side
before trading was resumed. May
sold privately yesterday as low as 635sc,
but the trading at the opening in the
pit was at 641{c, with some little as
high as 641se- The market kept steady
al GIG for some time, but there was
some nervousness on the part of the
{ longs. as the sellers appeared to be act
ing with such confidence. There were
light rains in Northeastern Kansas, with
au indication of those spreading, and
majority of the crop reports which came
In were inclined to minimize the amount
OF the damage done by the freeze. For
eign news was not encouraging. mas
much as the great recent strength
of the market here had only caused
about Id advance Ill Liverpool.
From Frankfort, ky..the reports were
that the damage was being greatly mag
nlted, and dispatch from farmer
WHO works an extensive area near
Louisville was that there was no dam
aye of any extent. Missouri wired that
1t was raining there today and that the
wheat prospects were fine. Other re-
ports from many widely scattered local
lilies were III a similar strain, and the
market ruled weak in consequence An
attempt to sell 100000 bushels by
George Baldwin resulted in drop
from GAL C to 631sc i'll less than two
minutes. As soon as the last $4,000
bushels of the lot referred to was sold
and The crowd saw there was no more
to follow the price quickly recovered
again to 641sc. After that and up to
the close business was dull, but the
tendency continued TO be toward a
IUWcI leNcl. IUeES MAS dlfOtHtT uIOU
which carried the price off to 641ssc, fol-
lowed by a reaction to 63Ssc. aud the
latest tranSactnn were at that price.
but there were more sellers than buyers
at that as the bell tapped.
Corn opened from 115a14c lower than
1t closed yesterday, anu In the course of
the day declined 1ae more. and closed
E3Yith a loss of c. Receipts were not
heavy today aitd little iseXpected for
Monday. Trade i'll the pit was light,
without any prominent transactions On
eeither side Of the market.
p While only a liniited amount of buai-
ness was transacted in oats, the market
remained firm. The cause of this
strength is probably due TO the effect of
the crop reports. which have brought in
"a great many buying orders. May closed
at an advance of over yesterdays
+ latest quotation.
Trading in MISREPRESENTATION spirit
and of moderate volume. Prices were
firm al the opening. but that was fol-
lowed by period of weakness induced
{ bys frees offerings of lard. by Caslin.
%AtfHte and others. Later. on an attempt
to buy at the slight decline occaSiened
by the selling of lard referred TO, the
market ruled irmer, and prices adj
vanced beyond yesterdays closing prices
and rested with slight advance. Com
pared with last night May pork is uu.
changed, May lard is 21ac higher and
Mayribs 71zc higher.
Estimated receipts for Monday:
Wheat, 50 cars; cUrn, 1876 cars; oats, 120
cars; hogs, 1000.