St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-15

Markets Very Active and Every
body Anxious as to the Final
Outcome.
Prices Still Going Up the In
cline on the Strength of
War.
The Entire Speculative List Shows I'm
provement, Although Inclining To-
ward Nervousness.
vanderbilt Predicts Big Prices for and
6 Per Cent Dividend Paying
Stocks.
Chicago.

four days renamed III Iul loIce lnlS niOi II
ing. and the result was another very decided
step uphill. A weakness OF consols was sui
ficient in itself, when aided by Liverpool
cereal strength, to cause an advance, the
slight decline of 10000 bushels in the visi-
BILE supply of wheat cutting no figure, when
it was remembered that the amount in sight
is &c, S51, 232 bushels. The opening bid for
the Nav option il wheat was 9119c, jump
of 115c over last nights finish, with June al
94c, an advance of 15Sc. May pork was
steady at S12 45@12.5O. The relations be-
tween England and Russia are certainly
NOT MORE STRAINED
than the conditions of the market. 1t was
particularly sensitive to the slightest oreath
of European news and trifing recovery IN
consols was sufficient to chop wheat &c,
while a vague rumor that Bismarck was
about to call conference Of powers with
view of patching up peace knocked OIL an
other &c. The general opinion was Ihat
the war racket had been worked for about all
there was in il, with the light at present 1ur-
nisbed and though the crowd remained bull
ish it was evident that they were endeavor-
ing to talk the market down. The impression
top figures and there was desire to buy
back without selling short II have never
known
MORE DANGEROUS MARKET
than we are having here from day to day, "
said an old-time broker this morning,
land it is greatly to the credit Of nearly all
the spectators that they are keeping a
weather eye to the windward all the time.
With an advance of 10c per bushel in wheat,
in five days the room would have been strewn
with financial wrecks had the wild specula-
tive mania of five years ago prevailed, not
only here but throughout the country. The
organ of cautiousness has been cultivated
assiduously, and its development has become
so marked that little less than an advance OF
100 per cent. can cause the general trader to
LOSE HIS HEAD
or throw him off his feetn While little if
any doubt exists that a declaration of war
would bring s1.25 wheat, the settlement
of all difficulties or even steps
looking to peaceful solution
would cause a decline, not SO
marked, perhaps, but sufficiently heavy 10
swamp any uufortunates who might be
loaded to the gunwale. AS result of thi S
state of affairs the day was notable princi-
pally for absence of the more extensive opera
tors, and aside from room trading all
strength was derived from outside sources.
The buying and selling orders are about
equally divided, with slight preponderance
in favor of the former. Jnne wheat was the
favorite, having become considerably more
popular than the May option, and the fuc-
tuations were variable from'93c to 94c and q
fraction. The close Of the early session was
at the highest point of day, but the after
noon was in marked contrast, owing to
BETTER NEWS FROM ABROAD.
The opening was weak and the market re-
coded rapidly, the latest figures being nearly
&c below than the closing prices of the
morning session The latest bulletin Offered
quotations as follows: April wheat S6Xc
May 915sc, June $3.50, July 95%c. Corn
held up well and the faith of those who have
been saying that it was worth SOC on it:
merits war or no war seems in a fair way t
be justified, though the purely speculative
feeling has aided in driving it up n OF less thar
3(94c. The reported scarcity of the supply in
crib and the length of time before a new
crop can be made, together with all elements
of uncertainty attending it, make this cereal
a choice with many who are always figuring
on the doctrine of chances. In the corn pi
there was
GOOD BUSINESS DONE,
prices fluctuating within &c and closing a
10 o'clock at an advance of 1c over the open
ing price, which was at 4S15c for May. The
lowest was AZ C, and the highest and closing
at 1910. Linn and Kammerer sold heavier
than any other two men, the latter hammerinl
the!market very persistently. The heavies
buying was done by Bangs, Warren, Schwartz
Dupee and Fleming u Boyden. When the
first rush was over prices dropped back, bu
the excitement was renewed later on and il
sympathy with wheat, the market sharply ad
vanced. Reports Of a large export move
ment in New York added to the anxiety O
short sellers and holders, as it is generally
the case when the demand sharpens. The
increase of 1000, 900 bushels in the visibl,
supply had no effect in checking the specula.
tive strength. The highest point reached
was l &c over yesterdays closing. Thi
afternoon the feeling was weak, the marke
dropping back almost the entire advance.
THE PEACE NEWS
was the cause of the decline as Of that IL
other articles. The close was quiet at A Il
for April, 4Sc for May, 4SAc for June anC
4914c for July. Oats were stronger in sym
pathy with the general advance. The pric,
advanced about &c when war feeling wa,
prevailing, but this afternoon, on the mort
pacific tendency to events, there was strou!
desire TO realize, the market receded 1c, anC
the close was weak at about &c over that o
yesterday. The latest figures were 34sIc To-
April, Soc for May, S6ISc for June, 3656,
for July. August oats seller were quoted a
S43c.
PROVISIONS WERE HIGHER
early, but the early figures were not sus-
tanned. There was less enthusiasm in pro
visions than In other articles, the demand
being chiefly on outside account, which wa.
again met by holders. Closing quotation:
were about the same as those ruling last even
Ing with rather weak tone. The volume o.
trading was larger than usual, but there wa:
no excitement at any time during the day
May pork opened 15c higher st $12 so, bu
closed at $12.S21S, the lowest quotation OF
the day. April closed at $12.32I<, June Al
$ls AN and July at Sass. Lard was in
but light demand and trading light. Tn,
close was point higher than yesterday a
$T.05 for April and May, S7.15 for June and
$7,22i n for July. Short ribs were inactive.
closing at S6.12}S for April and s6.17k for
May.
AT THE STOCK TARps
the receipts were sgain liberal The ordi-
nary run OF fat cattle such as is used 70,
shipping and the dressed-beef trade, was in
fair demand with prices steady as compared
with yesterday. Butchers stock in good de-
mand and firm. Hogs were in good demand
and shade higher. Sheep steady with $
good shipping and local demand.