St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-06
Up TURN FOR WHEAT
Renewal Of the Demand for
Cash Crash Causes a
Rise.
SCRAMBLE OF THE SHORTS
IL EARLY Trading Followed by
Dizziness - Provisions
Show Declines.
RENEWED TRADE IN ST0CKS
Volume of Business Greater,
but Closing Prices GEN
orally Lower.
RENEWED TRADE IN ST0CKS

CHICAGO, April 5.-A renewal of
the demand for cash grain gave wheat
an up turn today. and May closed &c
higher, May corn closed 1sc higher and
May es.ts unchanged, while provisions
finished at declines.
T$se first transactions in the wheat
pit were at IAN advance Of NC over
yesterdays closing quotat tons and an
other Ac was quickly added to the
first. There was a great struggle to
buy May at from 5oi4c up to 551ac, and
then a further and somewhat excited
endeavor to get rid OF as much of it as
cost over 55i4c, after which the market
became quite dull and quiet, and the
dizziness lasted throughout the re-
mainder of the forenoon. The effect
of yesterdays great cash trade was
still working upon the minds of the
traders at the start, and that was the
cause of the opening scramble for
wheat of the shorts. When that de-
mand was satisfied, some of the fresh
developments of the day were bearish
The seaboard ciearances were light
The total exports from the, principal
seaboard cities amounted ~ wheat
and -four to only $4,000 bu.
The receipts for primary markets were
heavier than en- the day before, and
the weather bureau prediction was for
geneTaI, rain for the winter wheat
country. The total amount received
at the primary markets was 31SOOO,
against 15S,OO0 yesterday. The price
was stoutly maintained after y o'clock,
about 55llc on the renewal of the de-
mand for cash wheat. A sale was Of
fnrn1 n I'M oil
the close, with several other parcels
under negotiation and expected to be
worked before the close. A miller in
southern Ohio bid 5512c on board cars
here for 80 car loads of No. red wheat
These were the influences of the mar
ket during the afternoon, and they
impaired very firm untertone to the
latter trading. A sale of 100000 of
cash wheat from terminal elevators
from Minneapolis to local millers there
at an advance over May price was the
latest piece Of news under which May
closed at 559sc bid.
Trading in corn was light. The con-
firmation of yesterdays estimate of
very small receipts started the price
at about &c over the closing rate of
yesterday. The opening price was
the day, although corn had the support
of a firm wheat market to help it.
Liverpool was quoted firm and Nc
higher. May opened at 1880, sold
sparingly at z6%@47c and dropped to
$3.50. closing at 4634c, sellers.
The oats market was quiet and very
steady, The range for the day was
from 29ssc, to 297sc for May, closing at
2924c. The steadiness resulted from
the~similar feeling in corn.
The provision business was dull I'M
til within the last half hour, when q
previously firm feeling gave place to
weakness under the free sales of
3chwartz & Dupee. Hog receipts were
even small, 25e less than looked
for. That gave the marget its early
firmness under which pork gained 15c.
1t afterward declined 45c for May and
closed with a net loss Of 121ac. May
lard lost 215c. and ribs 71ac of yester-
days closing Vstues.
Estimated for tomorrow: Wheat,
% cars; corn, 1S5; oatI, 145. Hogs, s.
Doc.
The leading futures ranged as fol-
lows: