St. Paul daily globe., 1886-05-20
BULLS SECURE A GRIP.
\ Healthier Tone in the Chicago Grain
Market, and Wheat, as Result,
Moved Up Peg.
damage to Crops, Large Olearances at
New York and Export Sales Con-
tinue to Help the Bulls.
leIlers Scarce and Big Buyers Plen-
tifuI, Led by Lester, Who Pur-
chased 500, 200 Bushels.
10 Change in Corn, but Provisions
Weaker--Pork Making a De-
cline of go Cents.
c,,c,.o cruin and Provisions.

cline of 20 cents.
Chica.o Gruin and Provisions.
jpecial to the Globe.
CHICAGO. May 19.-The first sale of wheat
vas at sc below the latest figures OF yester-
Law. June opening Mt I4s4c. AS TINS WAS
,bout the put price the holders OF these
privileges did some buying against them anu
he result was Il return of the market to zoe.
Phe clearances of wheat from New York were
again large, and the report of the large saies
here for export held the market STEADY, aiiu,
although the bears we're free sellers. yet Tue
srures steadily firmed, and ut noon the
nrice was SIC above the starting point.
Lester was a good buyer, taking prooa-
DIV half million bushels during the
morning session. There were some reports
of damage to the growing grain potn 10y
weather and by insects going around. some
Of these reports appear TO DC reasonstoiy .u-
thentic, too. A farmer from Marion county,
this state makes Il very unfaVoraoie repUIl
as to the condition of their wheat crop. hc
told the writer there fifteen days ago nc ana
mis- neirhbors were hattering themselves over
the excellent crop promise the wheat was
making Now the situation is all the otner
yay What is the matter? was asked MIN.
"Chinz bugs" was his laconic response. Il
never saw the like of it." he continued. Il
had some most promising fields that VIII not
yield the
SEED THAT WAS SowN.
The first l noticed was the TACT that wheat
had seemingly stopped growing and was
struggling out in head altogether too short
for the soil it was on. l examined 1t and
found millions of the bugs, and by stripping
down the blades the stalk was found to be
lined with their little red eggs. L Travelled
about forty miles across the country in bug
ry into FayetIe county, and found the same
trouble all the way" Big sellers were scarce,
Of nnite o.
nounced. Schwarz, Dupee, Stauher and
Cudahy were leaders in the latter
move. Buying orders put June up
TO 15c. then it reacted again TO
1431c. Here it became stronger and advanced
steadily to 1515c, though it sold sparingly at
the outside. Tho morning session closed
steady at the advance noted. Corn was slow
most of the morning, and prices were 1rregu-
lar. The receipts do not increase, and to-
morrows run is expected to be light. Ship
ments were lighter and weather brighter. The
market opened where it left of yesterday at
3614c for June. Under liberal buying by the
bulls, an advance to 361sc was gained. Scalp
ers were all loaded for bulge, and began
selling at the top and overwhelmed buyers.
Weakness set in, and a
DECLINE TO OPENING PRICES
had occurred at the l o'clock close. Pro-
visions were fairly active, but prices were
weaker ,and lower, owing mainly to large
receipts of hogs. The inside figures were the
those current at l o'clock yesterday, show Il
decline of 15G20c on mess pork, 21%c on lard
and sc on short rib sides. Mess pork for
June sold at Ss.6OGsl5, opening at SS.72%
and closing at +oss $3.50 g J%ly 81, closed ded
for June. Short ribs for June sold
at S5.321 1a@5.37h, with S5.35 the first and
S5.32% the last sale. Wheat held steady on |
the afternoon board. New York reported
twenty-five boat loads taken for export, but |
Corn and provisions steady. On the curb |
.'puts" on June wheat sold at 74$4c, ''calls" |
on J6ne wheat sold at 1890 this afternoon.
PETER BERKEY. Pres f. w. ANDERSON Cashier |
w. GKIGGs, V. Pres. A. c. ANDERSON Asst. c. |
THE ST. PAUL NATIONAL BANK. |
CAPITAL S500.O00
Coruer Fifth and Jackson streetl
MICHAEL DORAN g. CO..
COMMISSION MERCHANTS, ST PAUL MINI |
Grain and provisions bought and sold for cash |
oI future delivery.
Orders for the purchase and sale of Stocks on |
any stock exchange in the country promptly exc |
enteG.
The Quotations.
CHICAGO. May 19.-Flour easy, but not |
quotably lower; wheat in fair demand and |
generally lower. Sales ranged May 735sgT41ac, |
closed 7414c; June, 74$4@751ac, closed T5 5-l6c; |
July, T62s97714c, closed rs 15-16c. Corn ruled |
stronger early, but receded and ceased at |
yesterdays figures; cash 35h@36c; May, |
554@S6c, closed at 3514c; June, 3614@367sc, |
closed at 36 slice; July, 371sGa377ac, closed at
81 3-15c. Oats steady; cash 29c: May, |
sS4c; June, 2S14@2sa4c, closed at
2SAc; July, 272l@275sc, closed at
2754c Rye dull, No. 2, 591z@6Oc.
Barley dull; No. =, 55c. Flax seed steady: !
No. 1, 81. 05@l.06. Mess pork irregular; !
prices declined 1O0151ac, and closed steady; |
cash, SS.6561S. 20; June, Ss.6O9S.75, closing at |
sS.6O@s. .621a; July, SIS. .7O@S.75, closing at $50
nS72% Lard easier: 21a@5c lower; cash |
and June, S5.9215@5.95; July, s5.971a@
5.061l. Short rib sides steady: cash, S5.32% |
b5.35. Boxed meats steady; dry salted |
shoulders, 81 15@4.25 short clear sides, S.. rs |
D5.S0. Afternoon Board-Wheat easy; June, |
154c. Corn easy; June, 363sc. The other |
markets showed no change.
MARRETT g. POWERS,
Grain, Provisions and Stocks Bought and Sold.
lie only dGect private wire north of Chicago.
;U7 JACKSON STREET. ST. PAUL.
JONES, MCCORMICK & KENNETH,
dembers n. Y Stock Exchange and Chicago |
Board of Trade.
315 jackson Street, St. Paul.
With our own leased private wires our facili- |
ties are not equaled by any house in the |
orth