St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-07
WHEAT RUNNING OFF.
The Support Given on Wednesday to Pre-
vent a Panic Withdrawn Alto
gether Yesterday.
Operators in Both Stocks and Grain Appar-
emily Waiting and Preparing for
Lower Prices.
Encouraging Crop Reports Put
the Bears on Top.
The Labor Troubles Affecting West
ern Railway Stocks--Bus1ness
at the Banks Slow.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO, May 6.-The breath Of life was
blown into the markets to-day. Trading in
grain was on large scale. Gore was elmi-
mated from the situation and familiarity with
riots and agitation has robbed that feature
OF it's worst terrors, but the industrial dis
turbances nevertheless eXerted a powerful
influence in shaping prices. Settlements
with one set OF strikers was no sooner
announced than news came OF new
strikes and other detachments Of the
labor army ''going out" The railroad
situation, according to the best oblainable
RdviceS, was growing worse instead of better,
switchmen on several of the lines joining the
freight handlers in their demands for shorter
hours of labor. The unions seem to be NOV
Ing with the precision of a trained army and
to be undisturbed by the rioting and violence
of the anarchists, who are repudlated by tire
rank and file Of the workingmen, and de-
nounced as criminals unworthy of support or
sympathy. Order seems to be working out Of
THIS CHAOTIC CONDITION..
but on the surface it looks more ragged and
stormy than ever and final adjustment OF
differences as far away as 1t was ten days
ago. The heavy local operators went at
wheat and corn, hammer and tongs, very
soon after the opening. The market was
sadly lacking in vigorous support, and prices
slid down hill rapidly. The raid was ac-
companied by the throwing of considerable
long wheat, and about the only buying was
by the shorts who awaited themselves of the
first opportunity recently presented of getting
out. There were enough nervous trades of
this sort, to made good buying all the way
down. Wheat was dull and steady carly, but
afterwards became active. The line weather,
an absence of orders, and the fact that out
,tanding contracts were well provided for,
made holders weakened, and prices dropped
l%c, but
CLOSED RATHER STEADY
at the decline. Trading altogether on
speculative account. June started at S01sc,
and by noon had fallen to 7S1sc, and after
ward rallied little and closed rather steady
at 7S54c. May closed at 1890. July sold as
high as Size, and as low as SO5sc, closing at
S11ac. August closed at s315c, and Septem-
Der at s21sc. Vessel room was taken for
$4,000 bushels. Receipts at eleven
points to-day were 10000 bushels,
and the shipments S91, 900 bushels. Corn
developed increased weakness, despite the
light receipts and good shipments. Offerings
were few and buyers rather scarce until June
and July had declined 5000, when shorts
covered freely and presented further
break. The close at 1 o'clock showed sc
decline on May and 5sc on June
and July. June sold at 36036s4c,
and closed at $3.50; May at 341ac. Vessel
room was engaged for $4,000 bushels. Oats
were more active. The long futures were
weaker, but May was steady and firm. May
closed at 1890 bid. June sold at 29s4@30c,
and closed at gee. Other grains quiet and
nominally unchanged. Provisions were
quiet and steady. Mess pork for June sold
at $9.1099.20, and closed at S9.1009.121a.
Lard for June closed at S5.921a. Short ribs
for June sold for $5.35, and closed at $532h
@5.35.
PETER BERKEY. Pres. F. W. ANDERSON, Cashier.
CIV. GRIGGs, V. Fres. A. c. ANDERSON, Asst. G.
THE ST. PAUL NATIONAL BANK,
CAPITAL. 100000.
Coruer Fifth and Jackson streets
MICHAEL DORIAN g. CO.,
COMMISSION MERCHANTS, ST PAUL, MINI
Grain and provisions bought and sold for cash
OF future delivery.
g Orders for the purchase and sale Of Stocks on
any stock exchange in the country promptly exc