St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-12
WEAKNESS INGRAM
Made Evident by the Ease
With Which Breaks Re-
suited.
PARTRIDGE A FREE SELLER
News, Gene rally Of a BuIiish
Character, Had Little Ef-
feet On Market.
STOCK DEALINGS LIMITED.
Speculation Strong, With a
Higher Range Of Values
on Most Shares.

CHICAGO, April 11.-Wheat broke
Sharply today on the report of the
loading back into the elevators of
wheat that had been held in vessels,
May closing Csc lower. May corn
lost Nc, May oats 1zc and provis-
ions finished at declines.
The government report which
gave the condition of wheat at 81
made very little impression on the
market. The price opened just a
Oade under yesterdays closing fig
ure. but seon the slight decline was
taken advantage of by some of the
shorts to lessen the bulk of their
previous sales. May sold at 55c at
the opening, and eased off to 54Bc,
which later was the point at which
the shorts bought. The buying by
shorts got a further incentive from
the reported sale of 100, 600 bu@ of
wheat taken for shipment to Balti-
more early in the forenoon. The
price rose to 551ac under that and
pmors of the likelihood of consid-
erabfy more being worked before the
day was over. The Northwestern
receipts were light, Minneapolis
and Duluth reporting only 200 cars,
compared with 1888 cars on the COR
responding day of last year. Liv-
erpool was quoted unchanged in
price, but holders very firm. New
York wired here early that foreign
ers were free sellers of distant fu-
lures in that market At the ad-
vance above named Partridge and
those who had calls likewise sold
with considerable confidence, and,
owing to the further fact that to-
morrow there will be no session of
the board of trade, the bullish feel
ing was suppressed for a time, and
the early rise was lost, the price
getting down again to 55c. At
about that stage it became rumored
that an operator who had carried
lot OF wheat all winter in vessels
because it was cheaper to do so
than to pay the regular charges,
and had reserved the privilege of
unloading it back into the elevator
again, had seen fit to exercise the
latter privilege. The market had a
further break when the latter re-
port got into circulation, and it sold
as low. as $3.50 for a few moments
ana closed with buyers at that.
Corn was strong early and weak
later. 1t opened at 457sc for May. sold
OH to ,4o4g45Bc, advanced to 1880
tumbied back to 451zc and closed at
4'+sc. Ihe receipts were 105 cars. The
auVahce on the start was on a good
demand for May, which started some
shofts to covering, although the earlv
buyers of May sold July to an eoua,
extent The latter weakness was due
TIC the drop in wheat.
.Untlf half an hour of the close little
vi Importance transpired in the oats
market. The feeling was firmer and
prices somewhat higher, under fair
buying and sympathy with wheat and
corn. Ihe change in the situation was,
sudden and unlocked for. Almost
everybody was Offering stuff at one
tme, longs, elevator people and the
crowd generally. The early advance
OF 7s4Ac was lost. besides 1bc addi
tlonai. May started at 29c, sold I'D to
zS14a2S7Sc and dropped to 285sc. at
which price the market colsed.
ne PROVISION market opened strong
ana closed weak, with 15c loss for the
day III pork. DC in lard and TIC in ribs.
Inc hog receipts were $4,000, with II, 600
estimated for tomorrow The weak
ness was the result of lower prices for
i've hogs and the break in the grain
markets.
ESTIMATED receipts for FRIDAY.
wheat, b cars; corn, 100; oats. 1870.
hogs. 1900 -'''
NO session of the board of trade to-
morrow Good Friday.
The leading futures ranged as fol.