St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-21
p AT A DIZZY GAIT
Ell the Markets Show a Re-
markable Advance for
the Day.
WHEAT GAINS TWO CENTS
In the Pit and Fully as Much
More on the Cufb--Corn
Doomed.
IMPROVEMENT In STOCKS.
Gains for the Week Amount
to Many Points in Gen
eral List.
IMPROVEMENT IN STOCKS.

CHICAGO, April 20.-Enormous
covering by Partridge and other
shorts sent wheat up at dizzy gait
again today. The market gained
about two cents a bushel since the
close yesterday and on the curb,
after the close of the session, there
was struggle for calls for Monday
on May wheat at from 81 1ac up to 63c.
Corn had a somewhat similar eX-
perience with wheat and rose under
lit 15sc per bushel, and oats gained
sc Provisions ruled dull but firm
and made moderate gains.
Wheat opened with surprising
strength. The fact that Partridge
mad covered between 100000 and s.
OOO 900 bushels of shorts yesterday
did not prevent people in the country
from sitting up to send night mes
sages to buy wheat at the opening
this morning. The pit appeared to be
full of buying orders at the start and
instead of sellers of May at $3.50
5S1scE as Sat the close of yesterdays
session, there were buyers at from
5SKc, as at the close of yesterdays
ton of the local holdings an excited
advance in the. first half hour was
unavoidable The demand for July
was the most urgent. 1t closed yes
terday at 591sc and in less than 20
minutes was bringing 601ac. Compar-
ing that with 56&c, which it sold at
Monday last, shows that the market
is doing quite we'll. Partridge and
Leaning, whose principal customer
is Ed Partridge, bought freely OF
July; RoSenkrans, who stood out on
his short wheat through yesterdays
razzIe. came in this morning and
some buying in wheat on account OF
what they had bought of Partridge
was done by two or three houses
with whom the Spectator in question
had been slow in putting up mar
gins. The local speculative condl-
tions were the chief factors in the
market. The principal item IS that
practically all the available wheat
.,st of the Rockies is in Chicago, and
The daily recurring evidence that 1t
is needed both for export and nome
consumption. With domestic and
foreign millers in open competition
for it the possibilities on that &C
count alone are not a pleasant con-
temptation for the shorts.
The weeks exports were 3.l65,00o
bushels from both coasts, compared
with 1884, 900 bushels on the week
before. Primary market receipts for
the day were 205, coo bushels against
100000 bushels year ago. Country
millers bought 10000 bushels No.
red here at the May price. The
sbrewdest traders in the pit were de-
ceived in the course of the market
after its fist lively advance to oS9sc
for May and 601ac for July. In the
last twenty minutes of the session the
excitement was reGoubled, May rose
to COO and July to Gle and those were
the prices at the close.
The corn market was also torn up
by the distracted condition of the
shorts. Capt. Phillips was the mos
prominent local short and COM
menced early in the day to buy in
short corn. ST. Louis followed later,
and with their competition, added to
limited offerings, the market became
very active and the price shot up
excitedly and closed with May at
471ac and July at 47%c.
Oats developed considerable ac-
tivity and heavy business was
transacted. Prices closed at the high
points of the day. The advance was
principally the result of scare
among shorts and buying was heavy
bv all. Wheat and corn, showing
such extreme strength, were very
influential in making out the course
of oats, although the firmness was
principally independent. May. sold
firm. 2S1ac to 1885 @2S12c up to z9Bc
and closed there. July started at
271bc, sold up to 2S34c and rested at
that price
Provisions were firm but COM
paratively steady. At the close May
pork had gained sc and ribs 21sc.
Lard was practically unchanged. The
hog receipts were 1000 head. For
next week 900 are expected. The
strength came from the light hog
receipts and the advance i'm grain.
Estimates for Monday: Wheat, 40
cars: corn, so cars; oats, $50 cars;
hogs. 10000 head.
The leading futures ranged as fol-
lows: