St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-22
Up At 4 DIZZY Gait
All the Markets Show a Re-
marka bic Advance for
the Day.
WHEAT GAINS TWO CENTS
In the Pit and Fully as Much
More on the Curb--Corn
Doomed.
IMPROVEMENT I'M STOCKS.
Gains for the Week Amount
to Many Points in GEN
eral List.
IMPROVEMENT IN STOCKS.

CHICAGO, April 2O.-Enormous
covering by Partridge and other
shorts sent wheat up at a dizzy gait
again today. The market gained
about two cents a bushel since the
close yesterday and on the curb,
after the close of the session, there
was a struggle for calls for Monday
on May wheat at from 119c up to 63c.
Corn had a somewhat similar eX-
perience with wheat and rose under
it 15sc per bushel, and oats gained
&c. Provisions ruled dull but firm
and made moderate gains.
Wheat opened with surprising
strength The fact that Partridge
had covered between 1900, Geo and s.
GOO bushels of shorts yesterday
did not prevent people in the country
from sitting up to send night mes
Sages to buy wheat at the opening
this morning. The pit appeared to be
full of buying orders at the start and
instead of sellers of May at $3.50
5S1sc, as at the close of yesterdays
session, there were buyers at from
5SAc, as at the close of yeSte1 days
ton of the local holdings an excited
advance in the first half hour was
unavoidable. The demand for July
was the most urgent. 1t closed yes
terday at 591sc and in less than 20
minutes was bringing 6012c. Compar-'
ing that with 56Ac, which it sold at
Monday last, shows that the market
IS doing quite we'll. Partridge and
Leaning, whose principal customer
is Ed Partridge, bought freely OF
July; RoSenkranS, who stood out on
his short wheat through yesterdays
raZZle, came in this morning and
some buying in wheat on account OF
what they had bought of Partridge
was done by two or three houses
with whom the Spectator in question
had been slow in putting up mar
gins. The local speculative Condi-
tions were the chief factors in the
market The principal item is that
practically all the available wheat
east of the Rockies is in Chicago, and
the daily recurring evidence that it
is needed both for export and home
consumption. With domestic and
foreign miliers in open competition
for it the possibilities on that &C
count alone are not pleasant con-
temptation for the shorts.
The weeks exports were 3, 1G5,OO
bushels from both coasts, compared
with 2934,000 bushels on the week
before. Primary market receipts for
the day were 2O5, 900 bushels against
24O, eco bushels a year ago. Country
millers bought 10000 bushels No. 2
red here at the May price. The
shrewdest traders in the pit were de-
ceived in the course of the market
after its first lively advance to $3.50
for May and 601ac for July. In the
last twenty minutes of the session the
excitement was rcGoubled, May rose
to 60c and July to Gle and those were
the prices at the close.
The corn market was also torn up
by the distracted condition of the
shorts. Capt. Phillips was the most
prominent local short and COM
menced early in the day to buy in
short corn. st. Louis followed later,
and with their competition. added to
limited offerings, the market became
very active and the price shot up
excitedly and closed with May at
471ac and July at 47Ac.
Oats developed considerable ac-
tivity and a heavy business was
transacted. Prices closed at the high
points of the day. The advance was
principally the result of scare
among shorts and buying was heavy
by ALL Wheat and corn, showing
such extreme strength, were very
influential in making out the course
of oats, although the firmness was
principally Independent. May sold
firm, 2S12c to 2S3s@2S1ac up to z91sc
and closed there. July started at
271ac, sold up to 2Sa4c and rested at
that price.
Provisions were firm but COM
paratively steady. At the close May
pork had gained sc and ribs 212c.
Lard was practically unchanged. The
hog receipts were 1000 head. For
next week 100000 are expected. The
strength came from the light hog
receipts and the advance in grain.
Estimates for Monday: Wheat, As
cars; corn, so cars; oats, $50 cars;
hogs, 10000 head.
The leading futures ranged as fol-
lows: