St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-27
SHARP ADVANCES.
Wheat Records a Rise Of Over
One Cent for the
Day.
ALL GRAINS MOVED UP
On Reports Of Heavy Buying.
Provisions Also
Higher.
STOCKS SHOW UP STRONG.
Changers Among the Bullish
Shares--EondS Active
and Firmer.
STOCKS SHOW UP STRONG.

CHICAGO, April 26.-After an early
dip of 1kc, on the rains, wheat adj
vanced sharply today On reports of
heavy buying for export, and with
shorts covering vigorously, July
closed 11sc higher. Corn gained nc,
July cats 1c, and provisions closed
slightly higher
The weather map showed a moder-
ate rain fail, with prediction of more
rain, and of more general character in
the winter wheat belt today and to-
morrow. A number of the local
spectators were waiting for rain as
an assurance that wheat would GER
tainly be a sale for 1c less per buShel
on it's appearance, and that contingent
of the crowd were free sellers at the
opening, at from Hc to &c below the
closing price of the preceding session.
The demand at the concession sur
prised' the sellers, and in a few
minutes the latter were clamoring to
get their wheat back at 12c per Eushel
more money than they had sold it at
There's were also numerous buying
orders at the opening from New York,
and those We're reported to be in
consequence of similar orders re-
IL.
The foreign markets were all higher.
Liverpool bids to New York ex-
porters wel'e at an advance from
yesterdays OF &c per bushel and
advices from there were that the
movement of wheat from La Plata
was practically over for the season.
The latter being very important. if
true, and it came from highly re-
SDGct1 hln hod
much to do with the strength which
succeeded the early weakness here.
About two hours from the opening
New York crowded the wires with dis
patches stating that there was a good
inquiry there from exporters and fol-
lowed that up by advising sales of
about thirty boat loads, twenty of them
Tor Liverpool. July wheat, which sold
at the opening as low as 6OHc. and
had risen gradually to 615sc, sprung to
62Ac on the export business reported
from the seaboard. The domestic
movement for the day was anything
but bullish. The total received at the
primary Western markets was 239 oO0
bushels, compared with 1913, 900 bushels
on the corresponding day of the wear
before. The Atlantic seaboard exports
amounted to only 1000 bushels of
wheat and $1,000 barrels of flour.
The number of boatloads taken in
New York was swelled indefinitely bv
the rumor here before the close and If
became known that some portion of
the New York sales were filed here.
Merton and Worthington worked go
OC0 bushels here for direct export to
Liverpool and one or two other car
goes in. addition to that were reported
to have been disposed of, but could
not be traced to a confirmation. The
shorts became very much alarmed by
those reported cash sales, and ran the
Price of July wheat up to 6224c. and it
was still bringing 623sG621ac at the
close.
The corn market was weak at the
opening en- account of the heaviness in
wheat The rains were also conducive
TO the comfort of the shorts, but with
the great Improvement in the demand
Tor wheat which SO quickly sprang I'D
the shorts began to feel less COM
Portable, and like their neighbors in
the wheat pit they We're soon buying
back their rainy weather corn at a loss.
Business was rather light and in the
end the price of May and July closed
AT 4I12c for the former and 48c for the
latter, which were the highest prices
of the day. Receipts today were 2Si
cars.
Oats were active and about steady.
Early in the session prices ruled a
shade lower, influenced by free offer
1ngs Later, however, buying was
good, and that, with the strength in
wheat, caused values to rally. July
was especially strong, being wanted
principally. May started at 2S3sc. sold
UP to 29c, and closed at 2S5sc bid. July
sold from 2S2sc to 2Sfic, and closed
14c higher at 283s92Ss4c.
Provision trade was only moderately
active in brief spots and dull during
the remainder of the session The tone
was firrner than on the day before on
q better demand reported for hogs. of
which only 5000 were received today.
and but 5000 good estimated for tomor-
row. Opening bids were at yesterdays
closing prices, and the first trades
were at the lowest values of the day.
After an advance of 121bc July pork
closed with a net gain of sc, lard I'M
changed and ribs 21ac higher for Nav.
but without alteration for July deliv-
cry.
Estimates for Saturday: Wheat. 60
cars; corn, 265 cars; oats, 23O cars;
hogs, 5000.
The leading futures ranged as fol-