St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-18
Squirt At CLOSE.
Wheat Market Becomes Ex-
c..teed Near the Wind
Up.
E.G SALES WERE REPORTED
Is q Cause OF the Bulge--Lit-
tie Change in PPovis-
ions.
EUOYAMCY IN THE STREET.
Stceks Take Moe Upward,
Closing at I. air adj
vance.
GUOYANCY IN THE STREET.

CHICAGO, April 1.-THE wheat
market got suddenly excited during
the last fifteen minutes on change
on the cash business which deyel-
oped here and at New York. May
sold to 57Ac, against 561Ac last night.
The following were given as rea-
sons for the squirt: Sales of 100000
bu here for shipment East at equiva-
lent to May price. Sales of round
number of carloads-from % to So
i'm addition to the above, to go to
Michigan miller, and other smaller
lots for country millers, and sales
reported from New York of 81 boat
loads, including u at outports, with
cash selling to millers at &c over
May, it was telegraphed. The big
feature of the situation was the
claims that outside Chicago there
Us practically no available wheat
fer exports or for inferior domestic
millers. Traders in wheat appeared
to be much in doubt this morning.
There was not enough outside buy
ing to greatly encourage local buy
ers. On the other hand, the bears
feared because of the past two
days that short sales were growing
risky There was no influence in the
cables Routine news was somewhat
bullish. Northwest cars were 1874,
compared with 262 a year ago. West
ern markets, all told, had 172,0G0 re-
ceipts, against 272, 600 last year. Ow-
ing to the opening of navigation
the forward movement of wheat was
liberal. Official report of the Baltic
and sundry shipments gave 3,34S,00o,
bu, where the New York dispatches
yesterday claimed 100000 bd for
Russia and Argentine. Michigan
millers bought wheat in this mar
ket. Minneapolis dispatches said
that many millers in that state will
depend on Chicago wheat from now
on until harvest.
The four ports and New Orleans
cleared for the day 4S7, 00G blu in
wheat and -four. On this the market
made it's best rally of the morning.
The rains over the Southwest and
favorable growing conditions over
most of the country gave the bears
encouragement. First prices were
little changed, with sales for May
at 5612 @563sc, followed by a dip to
56A @563sc, and a fair rally to 563sc.
Before II o'clock there was a second
dip to 56Ac and second bulge to
$3.50. Later the market held quiet
at 561ac, where the May. has closed
for two days, showing 14c improve
ment from Saturday.
There was a surprise in wheat the
last hour. Baltic and sundry ship
ments were corrected to read $780,
600 bushels. On this the crowd broke
May price to 561bc. When New York
reported eighteen boat loads sold
for export and round lots sold here
amounting to 100000 bushels No. 2
red at May price, there was an at
tempt to buy. The May went UP
Use to 57Ac in a few minutes. Last
prices were 57B@57Ac. May, 5SAc
Scaping short sellers were punished.
The corn market was quiet during
the greater part of the day, but
closed about Lice over the closing
figures of the day previous Specu-
lative interest was all transferred to
the wheat market. May opened at
from $3.50 to 45%c, and then
worked down to 451sc, with a re-
covery later to 451H@45$sc, in sym
pathy with the advance in wheat.
There was big business doing in
oats and the market closed k@Ac
lower than yesterdays last quota
tons. Liberal selling caused the de-
cline, although the buying was urg-
ent and at times general. Brokers
principally were taking stuff in,
while N. B. Ream and Bartlett
Frazier were Offering freely. Other
selling was also good, but not con-
fined to any one party. May
started at 2S5sc, declined to 2Sc. sold
up to 2S1s@2SHc, and dropped off to
217sc and rallied to 2SAc, at which
price it closed. July sold from 27%c
TO A@261sc, and closed at 271hc.
The trading IN provisions was light
and fluctuations narrow. Pork
ranged from $12.32k to S12.25 and
closed at $3.50, Or DC decline for the
day. Lard is 21ac lower for May and
unchanged for July. Ribs showed
no change IN either the May or july
deliveries.
The leading futures ranged as fol-
lows: III
Open High Low Clos