St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-05
UP WITH A BOUNCE:
Wheat Suddenly Stiffens At
ter a Decidedly Listiess
Session.
kLLCEREALS FIRM At CLOSE
And Fractional Advances Re-
corded All Around--PrO-
visions Strong.
FIRM At CLOSE
THE INACTIVITY III STOCKS
With Net Results fer the Day
Insignifieant--List Shows
Losses.

CHICAGO, April AFTER rather
listless session wheat wound up
with a bounce today, closing sc
higher on reports of heavy cash bust
ness. May corn closed 1se higher.
May oats Bc lower and provisions
at moderate advances. The wheat
market opened at about the same
price as it closed yesterday, but
weakened in the course of the fore
noon, and declined from nc to asc.
The feeling was not radically weak.
There were enough buying orders
uncovered to cause rapid upward
reactions to an extent equal to the
previous declines. The domestic re-
ceipts were considerably smaller
than Of late, and that, following
upon the heavy export exchanges of
Tuesday and Wednesday, had an
effect upon the spectators which
prevented them from being enthusi-
astic sellers. The inclination was
rather to buy on small declines. The
primary market receipts were only
15S, 600 bu, against 221 600 bu week
ago. The foreign markets were about
unchanged. The Cincinnati Price
Current remarked that wheat re-
quired more moisture, and the signal
service intimated that there was a
probability of getting some more
soon, low barometer prevailing in
Montana, Nebraska, Dakota and
Minnesota. That and some rehash-
>ng of the Argentine wheat situation
formed the staples of the morning
gossip.
In the afternoon existed
good inquiry for cash wheat for
shipment. Nearly every handler of
the article was approached by people
who had orders to buy, and although
a considerable quantity was worked,
a very much larger amount could
have been placed if the holders had
70 been willing to accept the previous
current rate, which was &c per blu
under May. Such was the extent of
demand the owners of the grain nat
urally advanced their prices, and
much of that which was sold was
under, with the full May price asked
in the end by many holders.
A cable from Liverpool reported a
decrease in stocks of wheat and flour
in Europe of 100000 bu during the
month of March, and on April 1 the
total supply in the quantity re-
ceived was 20,200,GG0 bu less than on
April 1, 1894. New York reported a
large business done for export there,
and under those combined influences
the market became quite strong, and
about fifteen minutes from the close
the price of May was firm at 55c bid
after having previously touched 551sc
for a few fives. The market was
firm at 55c at the close, that being
the latest trading price.
Corn was inclined to be weak early
in the session, but became firm with
the small receipts of 11S cars today
supplemented by estimated re-
ceipts of only 80 cars for tomorrow.
The trade was an apathetie charac-
ter, and even the booming character
of the wheat market near the end
of the session Gid not put any life
in the trade. There was a small de-
mand for corn to go to Iowa, but it
is not large enough to be much con-
sidered. 1t is the absence of demand
in face of the very small movement
from the farms which keeps down
bull speculation. Primary market
receipts today were only $4,000 blu.
May corn opened at 461@c, sold at
463sc and closed at $3.50 bid.
oats sold rather slowly, yet there
was a good disposition to get rid of
them, and an easier tone to the mar
ket was the result. A fairly active
session was passed. Counselman was
a Tree seller, and the crowd in gen
eral was Offering The slight
strength in wheat and corn pre-
vented oats from selling lower than
they did. May started at from
293s@29Ac to 293sc, sold at 291l@295ac
and rallied to 29%c, at which price
the market closed. July ranged
from 285sc to 2S34c, and rested at
2S5sc
The provision market ruled firm
and prices recovered some from the
close Of the day before. The hog
receipts were only $4,000 today, and
tomorrow's run is estimated at 5000.
Opening prices We're about at the
closing rates Of the day before, but
began Immediately to respond to
some good buying orders which
cropped up. The result of today's
business was an advance of nc in
pork, 219c in lard and sc in ribs.
Estimated receipts for Friday:
Wheat, 4; corn, 5; oats, 40; hogs,
10000.
Inc leading futures ranged as fol-
lows:
Open High Low Clos
Articles. ing. est. est. ing.