St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-04-03
Favorable Crop Advices and Strong
Consuls Cause General Feel
ing of Weakness.
But Later the Market Advances Under
Some Heavy Bidding, Closing
Firm and Higher.
Wheat, Corn and Oats Profit by the Advance,
But Provisions Close Weak
and Lower.
White Getting Ready to Milk the Street on
Northwestern Talk Of Boy
cotting His Stocks.
Chicago.
Special to the Globe.

the board for some years to adjourn on
Good Friday. The matter seems to have
been overlooked until to-day, when petit
ton was presented to the directors, asking
that ballot be taken on the proposition 10
have no session tomorrow. This required
the unanimous consent of the board. Presl-
dent Blake called the board to order, but as
number of members objected to osllot
being taken, the proposition was Killed, ana
session will be held tomorrow. The Lon
don. Liverpool and New York exchanges
will be closed. so there will be no outside
quotations tomorrow. The board decided,
by large majority, to hold no session on
election day, Tuesday, April z. Consider
able indignation was expressed this morning
over the manner in which a lot OF
WAR NEWS WAS RUN IN
just before yesterdays close, and
repetition of the trick Is
liable to call for official investigation. The
natural consequence, aided by an advance
OF 5-16 in consols, was to cause decline,
particularly in May wheat, which opened OH.
Corn was firm but inactive, and provisions
opened heavy and dull. "We never can get
wheat down where it really belongs" SAID
hear who had been hammertng away ana
perspiring freely as he crawled out OF the pit
l.Just as we are going to have it our own way,
along comes q lot of news and stlf1ens up
the props and keeps the BANKED stnif at sue
or Whereabouts, when there isn't busheI OF
NAV wheat in Chicago that's worth more than
75c. First it's war news, and now it's crop
advices, and
AFTER GOOD FRIDAY
the Lord only knows what it will be-"
The steady and apparently well authenticated
reDorts of the general condition Of growing
crons certainly have the effects referred to
by the man who would be happy if he could
be assured every bushel sown would yield
forty bushels, and the price three months
from now to be as many cents to the oushel.
The Colorado reports are far more unfavor-
able than those from any other section OF the
conntry. the acreage being light and the
damage being heavy, and later Kansas add
vices continue to furnish poor showing.
The hears had taken heart with the subsistence
OF yarlike preparations over the way. but the
persistencv Of the reports of the condition OF
the crop is very wearing
10th ON PATIENCE AND PURSE.
The whole list displayed signs Of dullness,
Though prices held firm. There were no
osnaciaI war minors or well authen ticated
crnn scare reports, and there was also an
absence of outside orders. The only sem
blapce of war which displayed itself was
report that Russia was preparing her navy
for war. This added what little strength was
shown in prices. The day throughout be-
longed to the traders only and there were
few features of interest. Early in the session
Leopold Bloom stepped into the wheat pit
and bid 79Ic for 1,000,0 bushels OF June
wheat This created an advance movement.
When the option touched size Robert
Iaidblom bid for 100, 600 bushels and got IT,
He then bid for $50, 900 bushels, but did not
get it. The market opened weak with
MORE DISPOSITION TO SELL
Nav wheat, it being 79Tc to 79%c in diff
fereut places at the same time and sagged
off to 791%c, where a halt was called, the
boys evidently having sold all they cared to,
but having no disposition to come in again.
The market hung around 1919 to 1899 the
greater part of the day. Towards the close
combination OF reports of lower consols, bad
crop news, with engagement of freight for
large line of wheat for the Liverpool mar
ket irmed up little, May wheat selling at
S0s6c and closing at soc. There is just
little
TINGE OF SUPERSTITION
among the majority of the boys in the pit,
and they no doubt remembered this day last
year and thought that they could make
history repeat itself, but history
this time went clean back on them, as on
the same day last year wheat broke 4c, corn,
oats and rye &c, pork Soc per barrel and
meats and lard 40c per 100 lbs, and they
thought no doubt they could make similar
raid to-day, hence the eagerness to sell early
and the unwillugness to put it back again,
but despite all history and superstition, and
the wishes of the BOYS, the market not only
refused To 20 down, but stubbornlv advanced
q trihe, closing at 751+c for April, S25s for
June and sac for July. There was very
LITTLE LIFE IN CORN PUTS.
The market was void Of interest or excite
ment, and trading was exceptionally light
dealers having generally deserted it in favor
of wheat. May corn opened at Al &c, de-
clined 70 4l1<c, advanced to 41&c, and
closed at the opening price. Cash demand
continues good, the demand absorbing about
all the receipts, and prices being about the
same as yesterday. April closed at $3.50;
June, 42Bc; July, 43kc-all seller. Oats
were drmer and q shade higher, with the
trading on a moderate scale, and OF a local
character. No. for May sold at $3.50
3llfc, aud closed at 81 &c. Sales for April
were at 27N@27&c, closing at 27S{c. June
closed at 81 &c. Provisions showed
PRACTICALLY THE SAME FEATURES
that other articles on the list did
May opened at $l1.S6IS, which was
IKE lower than the close last night.
1t sold down to $1l75, then ran up to
el1.75, and closed at Sll 40. There was a
large line OF shorts out and the traders COW
cred freely. George Baldwin was said to
have been active in covering. The trade
was purely of speculative nature. One
heavy operator sold q large lot of pork from
$ll.STls down to S1I.77lS, and then took It
In again at prices ranging from Sl1.72 to
$ll.15. Other months closed $11.57iS for
April, $il.S0 for June aud 81. 92iS for
July. Lard was quiet, ranging S617iS@
6.sS for May aud closing at S6.12ls, June
$6.SfiS and July at 1925. Short ribs were
neglected and lower, closing at 1915
for April, $5.Sah for May, S.. e2jS for June
and 5000 for july. At the stock yards the
receipts OF cattle continue heavy. Trade is
slow on ordinary shipping aud dressed beef
steers, with prices on the down turn, this
class of stock averaging CSC per 100 lower
than week ago. Receipts of hogs fair. The
spectators opened the market at slight ad-
vance, hut packers and shippers refused to
follow, hence the market closed weak with
the advance Of the morning lost Sheep in
heavy supply and prices lower.
The Quotations