St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-15
F|RMNESSIN WHEAT
Bear Scare Regarding Damag
to Grain in Vessels With
out Foundation.
OTHER BULLISH FEATURES.
Tended to Aid in an Advance
Provisions a Shade
Higher.
OTHER BULLISH FEATURES
LIVELY IN WALL STREET
Market Showed Steady Gain
in Strength--Prices Nov
ing Upward.

CHICAGO, April 13.-Ine WHedl
onerators becoming convinced that
the wheat which was loaded INTO
vessels here in the winter was all
right and of unblemished charac-
fer the market became firm and
closed Ac higher today than 1t ala
on Thursday. Corn and oats were
very weak. Corn closed &c lower,
and oats 1sc LAWYER. Provisions ruled
steady and a shade higher. The
same disturbing element which set
the wheat market in a ferment on
Thursday afternoon was worked
over again this morning, and was the
principal point in creating the early
fluctuations. It was discovered that
after having partly unloaded the
400. 900 bu of wheat which it was said
was to be put back into store in
stead of being sent to Buffalo on the
original charter, the owners OF the
grain had ordered the unloaded por-
ton of the cargoes back into the
vessels again, and the vessels to pro-
coed with it to it's original destlna-
ton. That gave the bear operators
oportunity to work a scare on the
other party, and they Immediately
started a rumor that the wheat was
being reloaded because it would not
on reinSpection grade No. 2. Upon
inquiry at the firm of vessel agents
who made the charter they confirmed
the reloading of the wheat, but said
the wheat was in the best of order
and weighed 81 pounds to the bu.
The opening price for May was
54Ac, at which price the buying or
ders exceeded the selling. The price
worked gradually upward to 551sc,
and after reacting once to 54%c, it
alternated during the greater part
of the remainder Of the session, 55c
bid and 55c sellers, and closed finally
at 55c sellers. The movement of the
crop was in favor of the bulls. The
weeks shipments of wheat and -four
from both coasts amounted to 1884,
179 bu, against 1888, 1913 on the pre-
vious week. The clearances from
the seabeard were equal to about
100000. The primary market receipts
for two days were only, 3O2, 900 bu.
R. G. Dun & Co. say that in the last
two weeks the primary market re-
ceipts were 2,0SS,00O, as compared
with 4,223,000 on the corresponding
two weeks of the year before. -
Corn was weak. The receipts by rail
were $4,000 bu, and g. $50, bu came in
by canal. The Western primary mar
ket receipts. for the past two days
were 273,000 bu. The bears were out in
force, encouraged by the favorable
weather and light Eastern demand.
Led by Capt. Phillips, they poured
snort corn on the hands of bulls until
they overwhelmed them, and at the
close the lowest prices of the day
were recorded. May opened at 455sc,
sold at 45a4c and closed at 45Ac. In.
oats, between good short buying and
continued disposing by longs, sales
were numerous and readily effected.
The market started about steady.
Later, the offerings became more gen
eral, and reaction occurred. Nav
sold from 2S9sc to 2S7sc, and closed at
zS12c, after selling at 283sc July opened
at 211sc, advanced to 273s62715c, de-
cl1ned to &c and rested at 271kc. The
provision market ruled quiet, with
quite moderate fluctuations. The
smallness of the receipts of hogs was
the ruling factor, as before, but the
weakness of corn was a restraint of
moderate. extent. Pork, compared with
thursdays final prices, closed with a
gain of from 212c to &c. Lard is up
CORRESPONDENCE and ribs &c higher.
Only $4,000 hogs are expected next
week Estimated receipts for Monday:
Wheat, 80 cars; corn, 135; oats, $50;
hogs, 10000
lows: ' LUZ