St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-02
BACK IN THE OLD RU1.
The Real Value Sustains Prices With
out the Aid of War or
Weather News,
although the Market is Doomed
Slightly at the Close by
European Dispatches.
The Entire Speculative List Closes Higher
Than the Latest Quotations of
Yesterday.
Generally Firm Feeling in Stocks Followed
by Decline Caused by Free
Selling.
Chicago.
Suecial TO the Globe.


Special to the Globe.
CHICAGO, April 1--we have got PACK
into the old rut, said an operator on change
this morning. ''We are just in the same
place we were before the war rumor came 10
stir UP the market" This remark well illus
trated the state of affairs on the morning
board. There was very little trading done
in any of the articles on the list, and May
wheat showed but few signs of life. Inc
price held firmly with little OUTSIDE traue
tending to this result.
PROVISIONS HELD FIRM
all the morning. but there were not much
done in them. The frmness was partly uue
TO the fact that there was good deal OF
"sbort,' covering. The receipts are very
good for this time of the year. Nearly twice
as many hogs were packed in Chicago last
month as in the corresponding month last
wear. and the same may be SAID of most OF
the western cities. In corn there was FAIR
amount of buying and the price held firm.
Norton Worthington and Robert Warren d
Co. were reputed to have bought largely OF
the article. Like corn, oats continue 10
show a stubborn and firm market. A con-
vcrsation was had with gentleman not IN
the grain trade, but who has just returned
from three weeks business trip through
Central and Northern Iowa and Southern
Minnesota His business is such that he
comes in contact with not only grain mer-
chants. but farmers Said he: 81 find that
the supply Of corn throughout the territory
have traversed is very limited. There Is
HARDLY ANY CORN IN CRIBS.
In fact there is less now than there
has been for number of years
at this season. 1t has been long,
tedious and cold winter, and the
farmers have fed out the most of their stock
of corn and oats. Not only this, but they
have found it cheaper to use corn as fuel
than to buy and haul coal. am in the lat
ter trade and know whereof / speak. As
far as I can find out they will not SOW az
much wheat this spring as before, but that
does not count, because it is not much OF
wheat country. Corn, oats barley
and fax seed are the principal
crops. In many places that
visited l found the supply of corn was SO
small that dealers were buying it from out
side points. The value of the official quo
tations of the price of British consols, which
are now posted on the board, was we'll Illus
trated day Private dispatches read about
80 a. IN. said that Russia had accepted
England's proposal, and that in consequence
CSC had been paid for consols, which was
several points higher than they had been
quoted ordinarily. This would have de-
pressed the markets, but glance at the OIL
fetal quotations showed that the report
WAS PROBABLY A CANARD,
and later dispatches in the daily papers proved
it to be such. The closing strength of the
market was entirely due to the reports of
D., 90 oI-a,f ha do
handed by England. A vote will be taken
Tomorrow on the petition presented to the
directors to hold no session of the board on
election day. The polls will be open from
II O'Clock a IN. to l p m. There is a de-
cided sentiment among members not to hold
any session. Wheat opened quiet and weak
nearly nc below the closing figures of yes
terday, Quotably 741sc for April and 79Ac
for Nav, BIZ for June and S3c for July,
with prevailing opinion that lower range
would be reached during the day. This ex-
pectation, however, was not realized; good
demand from short sellers, which set in early,
having checked the declining tendency and
IMPAIRED CONSIDERABLE STRENGTH.
The extreme range of the fluctuation was
about 1c with the close OF the morning ses-
sion being fairly steady at slightly below the
outside prices touched. New York followed
our advance closely, with the close there
steady at about the same improvement as
noted In our market. Stocks in Liverpool,
as officially announced to-day, show $3.50
quarters against 664, 900 last year at CORE
spending date. The official posting for the
LIST Of January, 1885, were $50, 900 quarters,
showing decrease of 1900 quarters, as
compared with the last mentioned date, and
of about $500, as compared with April |,
1884. The figures received to-day are fully
up to the expectations of those who give
these matters attention, and whose opera
lions are governed somewhat
ny THE STATISTICAL SITUATION
while tie decrease compared with the cor
responding date last year is considerable. It
is offset by the fact Of a very moderate
depletion for the past three months, and also
by the fact that large number of cargoes on
the passage are now about due, and Will
shortly add considerably to the present
stocks. The publication ofthese figures to-
day in Liverpool produced no pcrceptible
effect The cables for the most part were I'D
vising OF n barely steady market while some
OF them quoted the market dull aud lower to
sell. There was no war news Of importance,
although rumors of somewhat lower consols
and of a disnclination on the part of Rus
STA to
MAKE ANY CONCESSIONS
to England impaired some strength about
the close of the morning session. On the
afternoon board these rumors caused further
strength, and under liberal buying to cover
short sales the market advanced about SIC,
closing nervous, but with q firm feeling
There seems to he no definite news respect
ing European affairs but the present ervous
and unsettled feeling responds quickly to
ANYTHING pointing, no matter how slightly
in the direction OF further European compli-
cations. The latest quotations were fully lie
higher than those of yesterday,
aud at nearly the highest point of
the day quotably 156c for April
soiGc for May, SesSc for June and S4}< for
July. The rumor hosted about and had
some believers, that Kent was to
TAKE AN EXrSSsIvE HAND
in the June deal, aud I, was supposed ne
would be on the bear side, but there was
nothing In the purchases of his regular
brokers 10 indicate that such was the fact.
The busy bodies who also connect the name
of ?. D. Armour with every possible or prob
able future, also circulated 8 report that he
WAS steady purchaser for that month, and
the two stories together were sufficient 10 at
tract the little fellows. Seveu-tenths of the
days transactions, however, consisted OF
scslps, aud even to the close there was
feeling Of wouderment that the figures kept
up SO well under the influence Of large re-
ceipts aud dull cables. The corn market
opened easier at SISc for April, 4lSsc for
May, 4iJse for June, and 42xc for july.
Most Of the trading wa on local account.
aud confined TO changing from April to Nav
and May TO June. The offerings were 1t no !
time large. and only
MODERATE DEMAND EXISTED
from the shorts. The bulk Of trading was
a.