St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-05-02
The Market Heavy and Bears Engaged in
Hammering Rates Toward
Peace Basis.
Trading Fairly Active, But Prices in Most
Instances Weaker and
Lower.
The Buck Shops and Open Boarc
Struggling Along Without
Their TickerS.
The Gould Following Threats on
Bull Movement to Include
Western Union.
Chicago.
Snecial to the Globe.

Special to the Globe.
CHICAGO. May lone day she's up,
he next she's down." remarked commits
sion man as he left the board OF trade
building to-day, and this was one OF inc
DAYS on which the last remark appnea. ~
was sort of an off day all around. III .ho
first place the stoppage OF quotations U! 'n0
boards and the diSarrangement OF the teie-
o,ranh service seriously interfered with busl-
ness between the brokers and the country
buvers. In the second place there was no
quotations of consols, this being bank
holiday in England. Again, there were no
war-like dispatches, and taking it all around
tine market dragged. The longs III wheat
did q great amount of unloading II the
start The June option, which closed last
night at 93Sl, opened 1c lower, and during
the morning session there was steauy
decline, the stuff sinking OF its own weight.
Later offerings became more liberal ana d
further decline of re took place. 1ilele
was an uneasy feeling on all sides and short
sellers were very conservative. AL tlle
close of the early session there was some
heavy buying and the price was showed up
to 90, but the feeling in the crowd.
WAS TOO BEARISH
TO allow it to stay there. The trading
throughout was but fairly active. Inc
only noticeable buyer at the lower hgures
was J. B. Hobbs, who bought heavily IN
ouiet manner. The bulls had faint hopes
of an advance during the afternoon and
during the interval between sessions old
lots of talking. but to no avail, as the AFTER
noon was dull and quiet and prices closed
practically unchanged at 9O7sc for May,
92Ic June. 9415c July. The trading IN
small lots was formally opened to-day and
attracted considerable attention. Many
expressed surprise that there was so much
of it done on the start. over lO0, OOO
bushels of wheat was traded in in l, 600
bushel lots. Deliveries OF wheat to-day
were very large.
There was a good deal more OF interest
in the corn-pit than in any OF the others.
Corn still continues relatively stronger than
other articles on the list. The June OPP
ton opened up at 1870, decline Oh &c
from last nights close. There was Tree
selling at the start, the price being lnf1u-
enced by the
EASIER FEELING IN WHEAT.
1t yielded point on this free selling as
the tailers were evidently frightened. On
the decline some of the larger houses
bought in lot of the cereal, Fleming q
Boyden evincing liking for May, While
l.. Everingham & Co. bought July. 1t
was fairly active market. Later III the
session the bears pounded July and bought
largely of May. The result was that the
May option was put up to within 2sc OF
July. June closed at 1870, May at 1890
and July at 49Ac.
Oats were fairly active and easier, but
prices were pretty strong considering the
Of IL
cipal buyers. May sold at 36H @S6$8c and
closed at 36%c. June sold at 361a@36%c
and closed at 365sc. July closed sc lower
at 5000.
The provision market was very heavy
throughout. The country seems to hold
great deal of May pork and the packers are
taking all that is offered. The changing OF
the options continues to be the only feat
ure. 1t was noticed to-day that the
CURRENT WAS WIDENING OUT.
Nav is changed to June, at from 1870 to
zoe premium, and June to July at 35c.
The June option closed last night at
81. 7715, opened at $11.55, sold up to
81. 1928, ami closed at $11.57H. July
closed at S11.70.
The feeling all day was weak, and the
closing figures show a decline for June de-
livery on mess of 15c, on lard 279c and ribs
Sc. Lard closed at s6.9O@7 June and
July The large receipts of hogs at the
stock yards tend to weaken the undertone
of all the product.
At the stock yards the receipts of cattle
were moderate and prices steady at the adj
vance previously noted. Receipts of hogs
heavy, demand fair and prices steady, and
packers and shippers are a shade higher
and light. Receipts of hogs heavy, trade
fair and values shade lower. Receipts of
cattle for April 150,645, of hogs 427, POP,
of sheep 99,S7S. The gross average weight
Of hogs Tor April was 223 pounds.
CHANDLER-BROW CO.,
Chicago and Milwaukee Grain and
Provision
CoYooYoiSSiOp MarChantS