St. Paul daily globe., 1886-04-12
BULLS ARE HAPPIER,
For Wheat Held Its Own Yesterday, in
Spite of Grist of DisCOurag-
ing News.
The Other Cereals on the List Ruled
Quiet, but Values We're Well
Maintained.
Provisions Close Easier, Live Stock
Active, and the Prices of Both
Remain Firm.
A Strong Market Maintained on the
Stock Exchange--Points for the
Coming Week.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO, April 10.-Wheat was weak
and lower at the opening this morning,
but light and local leverage soon made
shorts take hold, and it was not long before
there was jump of 7sc. \ portion of the
advance was lost. At the close the feeling
was rather steady and firm, and the closing
figures show decline of A@4c on those
current at l o'clock yesterday, but sc
higher than those at the close of the
afternoon session. The talk to-day was
all about the impending export movement
of wheat. Much of it was wild gossip,
bnt there was enough substance to it TO
carry prices up somewhat and give re-
newed strength TO the market. Gabaiu IL
Co, q French-SwlSS house, was an open
purchaser of 250.000 or 500, 900 bushels.
Other foreign houses were steady buyers
all day, but not on SO large scale.
A number of commission houses whose
business acquaintance across the water is
slight, but who stand well in the CONNER
cial directories, were in receipt of small
orders direct from continental and English
firms In several cases the orders were
complete surprises to the parties receiving
them, business relations with the princi-
pals having been dropped months ago. The
revival OF trade from the far East was ac-
cepted as
A STRAW
indicating the way the wind is blowing.
Then, too, the government crop report was
considered favorable. May opened at nc,
advanced to 7S1sc and closed at 77s4Q
77Sc. June sold at 79@S0c and closed at
79%@794c. At eleven points the
receipts for the week add up to
l,445,240 bushels and the shipments
BIS, GA bushels. Corn was slow in the
same rut as for several days past. Receipts
we're good. Advices from Eastern and for
sign markets offered no encouragement to
either side to take hold. and sales were
within narrow range. May sold at 3715
G37$lc, and closed at 81 &c, sc better than
yesterday afternoon. June closed at 3S5sc
Provisions were rather steady early,
put at the close there was
III easy feeling, and prices lower
than on yesterday. Mess pork declined
5@713c, lard 219c. and short ribs 215@5c.
The general market was dull. Mess pork
for May opened at $3.50 and sales were at
R9.30@9.35, closing at $3.50. June closed
At 1885, and July at 9.4219c. Lard closed
1t $3.50 for May, S5.95 for June, and So
for July. Short ribs closed at $5. 35 for
May, S5.3712 for June, and S5.42T for
bulS.
CHATTER ON THE BOARD.
Export purchasers for No. = spring wheat
1t Chicago yesterday were 12S,OU1 bu, partly
for the continent.
ST. Paul earnings for the first week in April
decreased $4,000.
The new issue of st. Paul bonds, 81, 000, 900
of per cents, TO run thirty years, ha We all
been placed. They will be convertible into
common stock at par.
The visible supply will, it is estimated, show
\ decrease of l,250,000 bushels for the week
On Monday night, when the figures are pub
lished. This was bull argument and helped
TO support the advance.
Chicago'S adviceS are to buy Duluth COM
mon for a further advance next week. The
buying is in the interest of railroads running
from Chicago to Minneapolis. Chicago oper-
ators have done well in this stock during the
past week
The new convertible st. Paul bonds over
which there has been so much discussion
will be issued. it is said, on the proposed new
Kansas City bridge aad the terminus there.
They will ager e. ate 81, 800, 900, will be issued
July, and have already been sold at 9Oc
md accrued interest. The interest will be
Der cent, and utranks the preferred stock
Of the road.
PETER BERKEY. Pres. +. W. ANDERSON, Cashier.
CIV. GRIGGS, V. Pres. A. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK,
CAPITAL, $500,000.
Corner Fifth and Jackson