St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-29
AGAIN ON THE JUMP
Wheat Makes a Rise of Near
ly Two Cents in Satur-
days Session.
SMALLNESS OF SUPPLIES
Scared Shorts Into Covering
Freely--Provisions Are
Higher
lMDUSTRIALS TO THE FORE.
They Are the Only Stocks in
Which Fluctuations We're
at All Notable.
sMkLLNEss OF SUPPLIES
lNDUSTRlALS TO THE FORE.

CHICAGO, April q. - Wheat was
again on the jump today, and, after
warm session, closed with July 1Ac
higher Shorts covered freely, scared,
1t was said, by the smallness of sup
plies. Corn. gained &c, oats Ac, and
provisions closed slightly higher.
Wheat was wanted at the opening at
pc advance over Fridays closing
price. There were plenty of sellers at
that advance for a few moments, but
when it was found that there were
buyers for all that was offered, and
q hungry crowd still shouting for
more, sellers became scarce. The lat
ter responded reluctantly TO the higher
md still higher prices, which the Gag
erness of purchasers induced them to
bid, so that it was not until from 62Ac
md 627sc at the opening for July wheat
1t had risen to 64c and over that there
was anything like enough offered to
satisfy the demand. There was not
much excitement accompanying the
advance, but it took evident restrain
ing to repress it. The impelling rea-
son for the days strength was not
prominent in the news items, but the
bulls said it was the scarcity of wheat
in the country, and pointed as proof
to the fact that elevator men sold $780,
600 blu here early in the session to go
to interior millers. Kansas City wired
that wheat on the track there was
bringing 63c, and, Notwithstanding to-
days advance, Chicago was still the
cheapest wheat market in the country.
The usual statistical news of the day
was bearish, and the weather was IA
Vorable. The weeks clearances from
both coasts amounted to 100000 bu less
than on the week before. Receipts at
the primary Western markets were 277,-
Geo bu, as against 10000 bu on the cor
responding day of the year before. At
lantic port clearances of wheat and
flour for twenty-four hours were equal
to $4,000 blu. Offerings were scarce
throughout the session, and shorts
covered literally. 1t was reported
that Partridge covered a big line, and
that Cudahy also covered Vessels
were chartered here today for 100000
bu of wheat
Estimates of the probable decrease in
the visible on Monday were far apart,
ranging from decrease of 1000, 900 to
100000 bu. The market kept on the
boil up to the end and, having reached
64Ac, could not be got below that for
more than a minute or two at a
time, and closed at 641sc BIZ
Corn was dull but firm, and appar-
emily under the guidance of wheat.
Sales were reported by one firm of $780,
COO blu of No. 8 and 10000 blu of No.
yellow, and it was said that probably
as much as 100000 blu were disposed
of for shipment. In the speculative
market prices opened about 1sc higher
than they closed yesterday, and in the
end July left off at 1880, as compared
with 4Sc on Friday afternoon. May
closed at 4S1sc, against 4714c yesterday
Receipts today were 297 cars.
Only a fair business was transacted
in oats. Exchanging constituted the
greater part of the trading. May
started at zoe, sold at 2SBc up to 29@
291sc, and rested 1sc above yesterdays
last quotation at that price July
ranged from 2S5sc to 1884 @29c, and
closed at 2S7sc, an advance of 1s@Ac.
The hr:eer feeling was principally the
result of sympathy with wheat and
corn
The provision market was very dull,
and Quotations We're confined to a mar
row, range. The run of hogs for next
week is estimated at 10000 head, and
that appeared to drench the bulIish
sentiment of the traders. The receipts
OF hogs today were $780, Compared
with yesterdays closing prices the
following are the changes: July pork.
DC higher; May unchanged, lard, PIC
hlgher, and ribs without change.
Estimated receipts for Monday:
Wheat, Go cars; corn 300 cars. oats
ESQ cars; hogs, 26,0OO hogs next week.
10000.
The leading futures ranged as fol-
lows: