St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-28
AGAIN ON The JUMP
Wheat Makes a Rise of Near
ly TWO Cents in Satup-
days Session.
4
sMALLNEss OF SUPPLIES
Scared Shorts Into Covering
Freely--Provisions Are
Higher. 8
INDUsTRIALs TO THE FoBE
They Are the Only Stocksan:
Which Fluctuations Were
at ALI Notable. q

CHICAGO, April 81. = Wheat was
again on the jump today, and, after
warm session, closed with July 1s4c
higher. Shorts covered freely, scared,
it was said, by the smallness of sup
plies. Corn gained 7sc, 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
a hungry crowd still shouting for
more, sellers became scarce. The lat
ter responded reluctantly to the higher
and still higher prices, which the eag-
erness of purchasers induced them to
bid, so that it was not until from 622ic
and 627sc at the opening for July wheat
it 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 700 900 blu less
than on the week before. Receipts at
the primary Western markets were 277,-
600 blu, as against 10000 blu 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 big line, and
that Cudahy also covered. Vessels
were chartered here today for 100000
blu of wheat
Estimates of the probable decrease In
the visible on Monday were far apart
ranging from a decrease of 1000, 600 to
2,5C0,000 blu. 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 d
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. and 10000 bu of No. 8
yellow, and it was said that probably
as much as 100000 bu were disposed
of for shipment. In the speculative
market prices opened about &c highez.
than they closed yesterday, and in the
end July left off at 1880, as compared
with 48c on Friday afternoon. May
closed at 4SlBc, against 471ac 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 2sc, sold at 2S7kc up to 200
291sc, and rested Bc above yesterdays
last quotation at that price July
ranged from. 285sc to 1874 @29c, and
closed at 2S7sc, an advance of 1s@Ac.
The firLSer feeling was principally the
result of sympathy with wheat and
corn. &,
The provision market was very dull.
and huctations were confined to mar
row range. The run of hogs for next
"o0h 10 eotiiidieu dl llV,UOO neau, ana
that appeared to drench the bullish
sentiment of the traders. The receipts
of hogs today were $500. Compared
with yesterdays closing prices the
following are the changes: July pork,
DC higher; May unchanged; lard, PIC
higher, and ribs without change.
Estimated receipts for Monday:
Wheat, 65 cars; corn, 300 cars; oats,
25O cars; hogs, $4,000; hogs next week,
10000.
The leading futures ranged as fol-
lows: