St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-25
DECLINE CHECKED.
Heavy Demand for Cash
Wheat 0vereame Persist
ent Shorts.
ADVANCE OF A FRACTION
In all the Grains Followed
Provisions Show Weak
ness.
BIG REACTION I'M STOCKS.
Bulls Suffer a Serious Set
baek--Grangers Among
the Weak Shares.
BIG REACTION I'M STOCKS.

CHICAGO, April 24.-The heavy de-
mand for and sales of cash wheat at
Chicago was the feat of the days
business, which, in the end, finally
overcame some persistent short sell
1ng, and closed the market at an adj
vance OF AMSsc for July, with May at
the same price as on the day before
May corn closed 1sc higher and May
oats nc higher. Provisions finished at
slight declines.
Wheat, which closed yesterday weak
and detected, opened strong and in
good demand. 1t kept up it's spirits
for time, but heavy selling of shorts
became the feature of the trading for
an. hour and there was so much more
of it than the buying orders could abb
Sorb that the price soon began to give
way, and from 602sc at the opening for
May there was a decline to 59isc, and
drop in July from 61hc and 6112c
about the opening to 60Ac.
The strong opening was due to the
continuance of the dry weather in the
winter wheat country, and the strength
of the Liverpool market in the face of
Yesterdays decline here. The market
recovered from the prices last quoted
to near the level of the opening quota
tons. but the short sellers were In
readiness for 1t, and again gave the
bulls more than they could carry. de-
pressing the price again to $3.50 for
May, and to 60Ssc for July. A very
heavy. cash business was done here, al
though New York reported no inquiry
there. Armour & Co. reported $1,000
bu sold by them for export, and ]. J.
Bryant reported having sold five car
goes already afioat, amounting togeth-
er to about 36O,O00 blu.
Primary market receipts of 2S5. 900
blu. against III 600 blu last week and
$4,000 blu year ago, and exports from
the Atlantic seaboard of only about
100000 bu in wheat and -four together.
The cash business done here was the
chief influence near the close and the
persistent selling by the bears all day
overcome. Buyers finally wanted
wheat after the bears had balled them
selves out and there being little more
for sale, the price rose buoyantly in
the last twenty minutes of the ses-
sion to near the highest price of the
day for July. The latest trading was
at $500 for May and 61BQ6lAc for July.
A report from San Francisco that the
100000 or 100000 blu of wheat be-
ordered to be sold and was depressing
the market on the Pacific coast was
one of the influences which the mar
ket here had to contend with The
closing demand was such that 612sc
was, bid for July before the stragglers
left the floor.
The corn market was. dragged about
by wheat. 1t opened firm at 471sc for
May and 47$ic for July, sold for May
at from 471sG4Thc down to 4634 GD461sc,
and back. again to 471sGl47Ac at the
close. July pursued a similar course
selling off to 47Ac and back to 47%O
474sc in the end. Receipts today were
ITO cars.
Oats We're only fairly active with a
hrmer feeling, influenced by a similar
feeling in wheat and corn, dry weather
and some covering by shorts. May
started at 2S3Sc, sold up to 2S7sc, down
TO S19c, and closed at 2Shc. July
ranged from CSC to 283sc, and closed at
2SAc bid.
The provision market was dull and
prices had a somewhat downward ten
dency. In the end, compared with clos
ing prices of the day before pork was
121sc lower, lard TIC and ribs sc lower.
Inc days run of hogs numbered 2S.-
600 and for tomorrow 25G00 are ex-
pected. The increasing receipts with
lower prices at the yards caused the
easier feeling. Estimated cars for
Thursday: Wheat, 80; corn, 325; hogs.
25,GO0
The leading futures ranged as fol-
lows: