St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-23
ACTIVE BUT OVER
A Fair Amount of Trading, but Tend
ency Among Traders to Get Rid
of Long Stuff.
Wheat Ranges Lower on Account of the
Pressure to Sell and Adverse
Strike News.
Corn Sympathizes With Wheat ana
Provisions are Featureless
and Dull.
A Scarcity of Business in the STOCK
Market, With Bulls Laboring
to Sustain Prices.
Chicago Grain and Provisions.

Chicago Grain and Provisions
Special to the Globe.
CHICAGO, April 22.-Wheat was active ana
lower and the entire speculative market sym
pathIzed to a greater or less extent. "Ine
crowd was long, and as good many OF lhe
scalping element were anxious to close up
their trades, large quantity OF grain CAME
out, for which there were fewer buyers than
expected. Disquieting strike news Ut nome
and in New York had decided weakening
effect on the tone of the general market The
burning of the Andrews furniture fac-
tory and other acts of violence were quoted
as likely to drive capital into retirement
paralyZe business and cause widespread oe-
preston and distress, compared TO whlch Tue
hard tunes of the past two or three years
would seem period of boundless prosperity.
The preachers of evil times and cheaper
prices found audience, and sense of tmldlty
stole over investors. The disposition TO trade
off wheat for cash became more pronounced
and the weakness in the market more APP
parent. Wheat opened 1a05sc under last
quotations yesterday, and for the nrst nan
hour or such matter the tone of the market
was strong and prices advanced ssc. Caples
were firm and an advance in spring Wneat OF
36l6S was reported. As an effect conSols were
higher, and news from the winter wheat nelds
was contirmarory OF previous reports Oh me
prospects of Il bounteous crop. The condl-
lions were such as to inspire in speculative
holders a desire to
TAKE IN THEIR PROFITS,
and the market could not absorb the oner-
iugs and stand up under the load. The de-
cline did not stop until May wheat reached
soc, and June S1s4c, drop from the best hg-
ures of the morning of sc. The downward
movement was not characterized by excite
ment, values settling easily and with becom-
ing deliberation. For the last hour the mar
ket was sluggish, and left entirely TO the
manipulation of the scalpers. 1t hardened
slightly and the close at O'Clock was 1sG14c
above low water mark. Corn was &c lower,
and the market was characterized by dull
ness. The trade is waiting to see how readily
the property that is moving eastward VIII be
absorbed before taking decisive stand. The
stocks along the railroads are known to be
large, and owners are in measure undeter-
mined as to the future. Oats Il shade higher.
An over supply of live hogs made the early
pork market a little heavy at S9.0712 for
June a decline of re from yesterday, but
later the market followed up the course of
wheat and felt shade better. The close was
slow and dull. The afternoon markets were
nervous and there was little doing. Some
war news gave wheat strength. War and
prospects of riotng in the Lake Shore yards
gave the traders enough to talk about. Little
else was thought OF. Wheat closed 1403sc
higher than at l O'Clock. Oats slightly
higher.
PETER BERKEy. Pres. f. w. ANDERSON, Cashier.
CIV. GRIGGS, V. Pres. A. c. ANDERSON, Asst. G.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Corner Fifth and Jackson streets