The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-24
MAY OPTION FIRM
A CENT AND Al HALF ADDED no
THE PRICE IN Gull
CAGO.
SHORTS THE BEST BUYERS.
LARGE LINE OFF LONG WHEAT FOR
SALE AT THE OPENING
PRICE.
OTHER PITS SHARED STRENGTH.
Corn and Oats Advanced a Quarter
Each and Provisions Were
Firm but Dull
MARKET SUMMARY.
FINANCIAL,

CHICAGO. April 2S.-Wheat Was again very
,ayerisb and unsettled today. The majority
of traders were on the bull side, however
and whooped things up to such gooo ell
feet that the market closed about l1sc hlghef'
BAD crop reports, war news and cash OusineSs
were features marking sudden ana Nloient
6nctuat,ons All other markets borrowed
more or less strength from wheat, corn anu
eats advancing about No each and provision
2lk@5c. .,o. >.
start trading at an advance Shorts were the
best BUYERS, but there was big line OF long
wheat for sale at around the opening price,
which was dealt out with liberal hand LOT
half an hour and the effect of 1t was to force
the price down 1c per bu from the best inquire
of the early trading. When that scalplhg
line was out Of the way the bulls came lnto
the market with rush, but found so niue
for sale that the price soon recovered most
of its previous decline. Liverpool sho"eu
no change in quotations at the opening anu
I'D advance late New York reported buying
orders there from the continent thls Horn-
ing the first for a long time. Chicago re-
ceipts were 9 cars. English consols were un-
changed, which indicated the mistaken feel
inc in the United Kingdom that the war IN
Europe would be confined to the present COM
batants That and the comparative heaVlnesS
of the Northwest receipts, 325 cars, against
342 last year were the bearish FACTORS IN the
aerIv news May opened at 74sQ4Ac,
against yesterdays close of 73l2c. 1t decllheo
70 73kc under the hammering 1t received
then recovered to 1870. A report that Kan
sas had issued an estimate OF condltoh IoT
the state making the condition so was the
cause Of strong squirt soon Afterwards
which put up the price from around 7374c lot
Nav to 741bc. but when it was found this was
IN paritv with the government report the
advantage was lost. May wheat was at uI Ter
difficult to trade in. Speculation Is Is there is.
into July such LITTLE very strong at the close
The Vas making it's best prices for the day
about fifteen minutes from the close. Shorts
covered literally on the remarkable strength
Of outside markets, notably st. Louis, and on
the tone of the news May finally sell
ing up to 751sc and closing strong at 1870
Use. July closed at 74$sc bid.
Corn was firm in the main on moderate bus
mess but had some intervals of weakness.
The predictions of rain today and tomorrow
made offerings scarce. The market became
quite strong toward the close, in sympathy
with wheat Exports were liberal-S20 600 blu.
May opened unchanged at A$sc and sold be-
tween 2414c and 24a4c, closing at 245sc bid.
Oats were firm all day, wet weather causing
most of the strength, although wheat and corn
were also influential. Shorts were free buy
ers, and a good general business was trans
acted. Exports were $4,000 Blu. May opened
a shade higher at 174c, sold between 171sQ
17Ac and 175ac, closing at 1712c bid. Provls-
ions were fairly firm but dull. Buying orders
were in excess Of offerings all day, but not
sufficiently so to put spirit in trading. The
market was Influenced by the strength of
grain. Price fluctuations were very narrow.
At the close May pork was sc higher at
$S.521a; May lard, 214c higher, at $4.15, and
May ribs a shade higher at $4.70Q4.7212.
Estimated receipts Saturday: Wheat; cars;
corn, 245 cars; oats, 14O cars; hogs, 1900
head.
The leading futures ranged as follows: