St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-04
WATCHING MR.. CUDAHY
Chicago Operators Flooking About the
Operator Supposed to be Getting
Under Wheat.
The Market Characterised by Sharp
Advance Which Was Partially
Lost Later.
Break--Provisions High--Corn
Little Changed.
The Stock Market Active But the
List Generally Closed Lower
Changers Lead.
Chicago Grain and Provisions.

GranSeTS Ledos
Chicago Grain and Provisions.
Special to the Globe.
CHICAGO. June 3.-The leading man in
the celebrated bull syndicate" was larger
man to-day than even Cleveland was yes
terday. Somehow or other the local crowd
is firmly imbued with the belief that
power of this kind is under wheat, and that
! the price is going to make owners OF options
on this cereal a happy set of men. BY
common consent. Cudahy has been set
/ down as the Moses who is going to lead the
procession, and consequently his every ac-
ton is watched with such absorbing inter-
est that about all one hears in the way OF
gossip is that Cudahy is doing this, that
or the other, his actions always being
made to fit the prevailing temper and
conduct of the market. Yesterdays strength
was continued TO the opening to-day. first
sales in July wheat being at 775sc, sc
higher than Wednesdays close. With very
few reactions it advanced to 7S4c, then
the shorts withdrew awhile, and values
slumped back to rise. A still later adj
vance. and the period of greatest stregth
carried the price of &c to 791Sc, pretty
much everybody taking a hand in boosting
the market up to that point Around noon
it weakened again and dropped back to
TS%c. Corn is said to have given the
crowd considerable wheat on the advance,
with Stauffer, Cudahy, and Ream reported
selling early in the day. When
offerings were the most liberal Orr
Crittenden was also something
of a seller. During the bulk of the last
half hour wheat was pretty strong around
rO1[o INV Cpllinp all the from
794@T915c, but tine latter figure brought
out such liberal offerings that the price
could not be sustained. The close at
o'clock was firm and active.
SOUTHWESTERN CROP NEWS
was inclined to be bearish, kilograms COM
ing in indicating that rains had been no.
where as plentiful there as elsewhere. and
that if the dry spell was not broken soon
damage by drought would ensue. Though
offered every inducement to jump
around and make record for
itself, corn remained very steady
and featureless. But provisions caught
the fever and made sharp advance.
Though l see nothing in the market"
said Col Favorite, Except a strongly
sympathetic feeling with wheat; that is,
barring few shorts who would come in
any way on an advancing market" July
pork picked up from $40 to S. suS-
tanning all but fraction of the advance,
and closed at the morning session strong.
The wheat market was unsettled in the
afternoon. Buyers did not take hold as
freely as during the morning, and liberal
realizing by longs caused a q C break from
the l o'clock close. Export purchases in
New York were twenty-five loads. Corn
was sc lower, and pork 5@71ac.
PETER BERKEY. Pres. +. W. ANDERSON. Cashier
] w. GKIGGs, V. Pres A. C. ANDERSON, Asst C.
THE ST. PAUL NATIONAL BANK,
CAPITAL 100000.
Corner Fifth and Jackson street4
The Quotations
CHICAGO, June 3.-Flour steady and firm.
There was no quotable advance in prices
Wheat excited and stronger. The market
opened 1890 higher, declined trif1e, rallied
&c, eased off &c, again shot up DC, eased off
1ac, rose again and closed at l o'clock 15Ac
higher than yesterday afternoon. Sales
ranged: June, 76A@7sc. closing at 7759c;
July 775EWT91ac, closing at T9Hc: August
795s@795s, closing at 791ac; No. spring RIO
775sc. Corn firmer; leash soc; June 34543351sc, |
closing at 35c; July 35s49S614c, closing at
36Ac; August 364@37c, closing at SIC.
Oats-Active and firmer; cash, 271&c; June, |
265s026s4c, closing 26s4c; July, 267sc@271Sc |
closing 271sc august pa 4@241ac, closing 245sc
Rye quiet; No. q 561&@57c. Barley dull; No. |
2, 53D55c. Flax seed firmer;No. l, S1061a@l1. or
Mess pork--Prlces advanced 2T1a@30c on the |
whole range, but afterwards receded some |
what; cash, IS. 50@S. So; July, Ss.4O0s. 1917,
closing SS.571a@s.6C; August, S.. 50@S. S21%,
higher; cash, S5.95; June, So. 95@5. 6711;
July, S5.971a@6.05, closing S6.021a@6 .05. |
MICHAEL DORIAN g. CO..
COMMISSION MERCHANTS ST PAUL. MINI
Grain and provisions bought and sold for cash
future delivery.
Orders for the purchase and sale of Stocks on
any stock exchange in the country promptly exc
cntsG
Duluth Wheat.
Special to the Globe.
DULUTH, Mimi, June 3.-The curb feeling |
was firm, but not much was done. The open
ing price was firm and nc higher than last
night at S0Ic for July, which was the lowest |
point of the day. Buyers were liberal in their !
views and promptly met sellers advanced |
prices and July sold steadily upward with oc- |
casional set-backs until it reached S2ssc |
shortly before the close. Cash wheat was in |
fair demand and sold at 7914c to 1890, with |
No. Northern at TIC to 7734c, condemned |
selling at SOC. Towards the close the feeling |
was easier, with sales of July at $780, The |
afternoon witnessed sharp break in values |
from morning figures. July opening at SIC, |
declined rapidly. each succeeding transaction |
breaking the preceding one, until SO1Sc was |
before the close. June sold at 1880 cash; |
No. hard sold at 791ac, and No. at Tic. |
Trading was active and liberal. The closing |
prices of the day were SU5ac bid for July |
After the close the feeling was more steady, |
with good buying disposition manifested. |
Offerings were light, and we heard of no trad
ing. Sales to-day, 100000 blu; receipts,
$1,000 blu; shipments, $4,000 blu.
H. w. DAVIS & CO..
GRAIN, PROVISION AND STOCK
BROKERS.
One-Cent Margin Plan,
EVERY MAN HIS OWN BROKER.
151 Drake Block. ST. PAUL, MINI
237 Hennepin Ave-. Minneapolis.
Milwaukee Produce.
MILWAUKEE, June 3.-Flour dull. Wheat,
weak; cash, 76s4c: July, 779c; August,
78s4c. Corn quiet; No. 2, 351sc. Oats steadier;
No. 2, 26s4c. Rye dull; No. l, 571ac. Barley
quiet; No. 2, 45c. Provisions higher. Mess
pork, cash or June, 1855; July, $685.. Prime
steam lard. cash or June, S5.95; uly. $6.O211.
Butter dull; dairy, 12@14c. Cheese quiet |
at 91a0lOc. Eggs steady at 5000.
MARRETT & POWERS,
Grain, Provisions and Stocks Bought and Sold.
The only direct private wire north Of Chicago
iO7 JACKSON STREET. ST. PAUL