St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-04
BROKE AT FINISH.
Wheat a Half Cent Lower
After a Lively Days
Trading.
DISAPPOINTMENT IN VISIBLE
And Beapish Cable News the
Cause--Provisions Show
Decline.
MORE ACTIVITY IN STOCKS
But the Tendency of Specula-
ton Was Toward Lower
Values.

CHICAGO. April 3.-Wheat was
firm the greater part of the day on
good export business, but broke
sharply near the finish on early
closing cables and disappointing
Bradstreet's report, closing half
cent lower for May. May corn
closed unchanged. May oats &c
lower and provisions at declines.
The heavy export clearances of
wheat and flour from New York and
Baltimore yesterday impaired con-
siderable firmness to wheat, which
opened in good demand at the rate
which was named as the nominal
value on the curb the day before.
With yesterdays heavy ciearances
followed by further exports today
the market became quite strong,
and some bearish matters in the
days news were forgotten for a
time. May started with plenty of
buyers at 54Bc and sellers at 55c,
and compromise was made at 547s
@55c. The bulls who had sold out
Monday afternoon not wishing to
take risk over the holiday, be-
san " buy oto oCOii cis1 Iilty saw lfldU
the price was not about to go all to
pieces. The buying of that char
acter started a general upward
movement, which frightened those
of the scalpers who had been in
cllned to work on the short side.
The price rose to 551ac by about ii
O'Clock under the good demand and
limited offerings. Steady early ca
bles and Slight Northwestern re-
celpts also helped the market Paris
reported closing 10 centimes lower
Tor April flour and 10 centimes lower
Tor the September term of wheat.
The closing cables and some disaD-
pointment. with the result of Brad
streets visible created a weaker
feeling to succeed the earlier bull
1shness, and the prices dropped back
again to around 55c for May. The
worlds stocks decreased 1856. 900 BIZ
last week, which was a dfsappoint-
ment, inasmuch as a falling off to
the extent of 100000 blu had been
looked for by some. The Illinois
state crop report was very bearish.
IL remarked that the damage TO
wheat by any cause was so slight
mat no consideration had been
taken of it, and that the crop prom-
1ses large yield at harvest The
HeaVlness in the market which was
lilauSufated about noon increased
during the last hour At the close
the price was 545sc for Nav. @ee1
ne corn market was firm earIv
owing to the small receipcs and q
oeltef demand for the light offer
1ngs The early f1rmness in wheat
was also an element in the STRENGTH
displayed by corn. The receints in
spected since Tuesday were only 116
cars, and ITO are estimated for TO-
morrow Primary market receints
since Monday were 291, 900 bu. com
pared with 1,229,00O bu on the cor
responding two days OF the year be-
lore. May opened at 46bc, sold
from 47c to 463sc, and closed at 461hc
The market broke with wheat. brt
reacted at the finish at modero+o
buying.
oats followed the other markets
III fluctuations, and experienced
quite a good business. At the start
considerable strength was noted and
under good demand from shorts
created by the high prices the feel
ing grew stronger. Later on. when
corn and wheat fell back, oats also
took tumble
The trade in provisions was heavy
but for long time the market gave
no indication of the impending col
lapse which revealed itself near the
end. The Cudahy interests were
said to be against the market. and
early in the session Armour e. Co
were reported to be giving it some
support 1t broke however, and
broke badly. At the close pork had
lose S5c, and lard and ribs were
eacn Zoe lower than on Monday.
Estimated for Thursday: Wheat
20 cars; corn, ITO; oats, IT'S; hogs.
$4,000
Clearings, $21, $4,000. New York
exchange, Csc premium bid. Sterling
posted rates, S4.991a@4.S9.
Money, 4@412 on call, on time.
The leading futures ranged as fol-
lows:
Open High Low Clos
Arucles. ing. est. est ing.