St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-01
May WHEAT HOROSCOPE.
REGARDED GOOD PROPERTY At THIS
TIME.
CROP FUTURE IS WATCHED
The Harvest From the Present
Outlook Will Show a Di,nin-
ished CrOp-Wheat Closed 4c
Hi1her-Corn Dull Yesterday
Oats Easier Provisions Not
Strong, but Steady.

CHICAGO. April 3O.-Wheat, after if
teen minutes of weakness at the start,
became firm today and ended with a
gam OF &c per bu. After il months
to he presumed that the last bushel has
been sold out which the holders were
not prepared TO take and pay for If ten
dered to them tomorrow. While money
is being pressed upon carriers OF wheat
by tenders at 319c, it does not seem
likely that the owners of the property
Will drop it at present prices unless 1t
should be demonstrated later il the sea-
son that in spite of drought, frost and
diminished acreage another phenome-
nally large crop is to be the result of
this years harveet. Corn averaged
weak and closed at l-16c lower for
July and ~ lower for May. In the
oats market the shorts in May became
aware that the manipulators were not
quite done with May, as indicated by
an advance of 1c per Blu from sc de-
cline, which occurred at the opening.
Provisions closed strong after weakness
at the start.
An increase of 100000 bushels Of
wheat on passage. favorable weather in
at least two of the Western wheat
growing states, Kansas and Nebraska,
and dull and weak foreign markets
caused dull opening Of the wheat
market at Is C decline. The same influ-
eDces caused further depression of nc
for May, and 1sc for July. A recovery
soon followed when it was found that
the demand for May wheat was more
promising than the orders TO sell. The
New York clearances were liberal, and
helped to confirm the stronger feeling
which had sprung up. The improve
ment continued until July reached 6Ja6
@6o19c. The spread between May ana
July huctuaied irregularly between &c
and EXC per bu. For all hour before
the close the price kept within 1-l6c Of
604c for July, and May was during the
same time at discount of 2@2Bc.
Corn was very dull until after the
visible supply statement gave evidence
of showing considerable decrease in
stocks during last week. After that
had been confirmed the feeling became
rather easier again. butin the meantime
an early decline of &c per bu in May
and nc in July had been nearly all re-
covered. The principal business of the
oay was III tne way OI changing May
contracts over to July.
Oats started somewhat easier, in SYM
patty with wheat and corn, and cor
tinued to follow In the wake of those
markets during the greater part of the
session. The demand for May was quite
good. but little was for sale. Some
strength was developed. and MAY sold
from 1920. the opening price, to 3314c.
Everything traded in speculatively
in the provision pit opened lower than
Saturdays closing prices. owing to the
receipts of hogs being 5000 over the es-
Inmates. The weakness gave place to
steadiness, and that to strength when it
was found that Swift d Co., who ap-
peared willing to take all the offerings
at the opening prices, continued to bid
for stuff even after the market had ad.
vanced materially. Trade was ex-
tremcIy dull after the first hour of the
session. but the tirInness continued.
The demand for vessel room for oats
was fair at sc, but agents asked nc.
The rate On wheat was nc and corn
114c. Charters for corn to Kingston were
al cents.
Estimated receipts for Tuesday ;:
Wheat, los cars; corn, $40 cars; oats,
$50 cars; hogs, $4,000.
The leading futures ranged as follows.