St. Paul daily globe., 1886-04-17
STARTED UP AT LAST.
Under Good Demand From New York
and Fair Inquiry for Shipping
Wheat Begins to Rise,
And Closes Full Cent Higher Than on
Thursday-A More Hopeful Feel
ing PredOminates.
The Big Howe Pork Deal Brought to
CLOSE at a Loss of $1I5, 5,0OO--
Corn and Oats.
Strikes and Rumors of Strikes Exert
the Usual Demoralizing Infu-
ence on Wall street.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO. April 16.-Wheat had health
ler tone to-day than for some time. New
York was strong, and there was good buy
ing in this market by private wire houses,
said to be largely on account of the metrop-
OliS. Wall street is credited with being q
heavy buyer of late. Not few shipping
orders Were known to have been received
here this morning, and in several instances
the principles followed the market up, ad-
vancing the limit as prices climbed. Those
whose faith in the genuineness of the eX-
port demand and export buying had been
shaken by bear talk wore a brighter air to-
Say and talked with renewed confidence.
Their conversation was interlarded with
fewer ''iiS" and other qualifying express
sions. They pointed to the 5000, 600 BUSH
els on the eve of starting seaward. as bull
argument patent to all. The bulls were in
Duoyant spirits. The
FIRST TRADES THIS MORNING
we're on a basis of 763lc for May and 1850
.Or June. New York came in strong and
The price advanced 1c with good business
all the way. At ~ ]5@775sc for May the
market was checked by the privilege traders,
the line indicating the call price" having
been reached. The feeling was very bull
ism, however, and buyers burst over the re-
straint exercised by the privilege dealers
prices going higher several times. Just be-
fore l o'clock the market made a terrific
spurt and values were carried 15e above the
call price, and full l 15c above the open
ing. The last squirt dated from the receipt
of Il dispatch from Robert Garrett, authori-
tatively DENYING that Baltimore d Ohio
employees were on q strike at Baltimore or
anywhere else on the line. This set some
OF the bears covering, and Lester * Co.
and other bull houses put the price up on
them. Very little wheat was on the mar
ket at any time, compared with the custom
ary pleuteous supply, and those who
wanted the grain very badly were put TO
the Inconvenience Of climbing for it. The
/ o'clock close was about a &c under the best
figure realized, May leaving off at 7Sc and
June at 795Sc. Corn was in lively shipping
demand. Corn sold for shipment and for
future delivery at better prices, and the
market shows many
SIGNS OF IMPROVEMENT
Shippers We're free buyers of cash property.
Receipts of oats are large and increasing.
Oats have been accommodating at country
points, shippers holding theT grain back to
avail themselves of the more advantageous
turn Obtainable at elevators after this date
Several of the elevators are holding out
special inducements to attract oats in their
way, a rebate in storage rates of 7lc being
offered. it is said. The feature in pro-
visions is the report that the home syndi-
cate, if it be syndicate, was settling its
pork deal through Frank Clifton. 1t is GER
tain that some of the home trades were set
tIed, and it was generally believed that
the whole deal has been wound up.
TTbarafora ha mario firnoaJ
l o'clock an advance of 1870 in pork, and
sc in lard and ribs, as compared with yes
terday, was noted. The afternoon markets
were steady. Wheat sold up to the top
again, but closed a shade off, aud prOvis-
ions advanced slightly. The conclusion is
agreed upon this afternoon that the Howe
deal is permanently out of the way. The
Howe pork was bought from S10.50 to
S11.5O and down to SOLO. 1t is sup
posed to average about S11 per barrel. If
that figure is correct somebody is probably
out in the neighboThoOd Of $50. 900 to
S175, 600. unless the open buying by Stone
was a blind. 1t is notieed as a suspicious
circumstance that within a week after it
was advertised that there was deal on''
that market begin to settle, and it has
been going, down ever since.
CHANGE CHATTER.
1.-The stocks are too large,' said Frank
Crittenden, ''for the volume of speculation.
The amount of wheat here must be reduced
until the market can handle it. Then we will
have market of sc or 10c a bushel. Until
there will be nothing but little spurts of 1c
bushel, or perhaps &c"
"The big operators are getting out of
wheat, simply leaving it aIone," said n. b.
Ream.
''Futson May wheat, 775Ec; 'calls," 7SL C,
sellers. The list Of wheat buyers to-day in
cluded Hobbs CouEselman. Baker, Hamill,
Brozeau, Fraley, Fleming, Boyden Il Co.,
Lester and Scott Linn.
PETER BERKEY, Pres. f. w. ANDERSON, Cashier.
CIV. GRIGGs, V. Pres. A. c. ANDERSON, Asst c.
LILLE CT BALI NIATIE-AAI IA AIL1