St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-16
WHEAT SETTLES BACK.
after Ruling Steady for the Greater POr-
ton of the Day the Principal
Cereal Closes l-2o Lower.
The Disturbing Factor Being Rumors
from New York Discrediting Reports
of Export Business.
Provisions Rather Active ut the Open
ing, but Weak at the Close, Corn
and Oats Lifeless.
The Aggravated Condition of Labor
Troubles has Depressing Effect
on the Stock Market.
Chicago Grain aud Provisions.

Chicago Grain aud Provisions.
Special to the Globe.
CHICAGO, April I5.-That large quantity
of wheat, aggregating in all several million
bushels will start from the lake ports toward
the seaboard the minute navig alton opens is
q fact. That it or any considerable portion
of it has been bought for direct shipment
abroad is disputed question, upon which the
very best informed merchants in the trade
are divided. 1t either has been bought for
export or it has not. If it has not been so taken
large proportion of the men who executed the
orders and worked the grain have been de-
ceived, and the principals must have sold
against every bushel they bought If they
did this, and the impending Eastward move
ment should turn out to be merely shifting
about of visible stocks, there will be rejoicing
In the camp of the bears. If, on the other
hand, the bulk of the grain should go right
through to the other side, or only pop up
again in the ''vsible" momentarily, then will
the bulls prepare for a picnic and go in to re-
soup two years losses. The truth about
THIS EXPORT BUSINESS
will be known in the very near future.
Thirty DAYS will uncover il. Wheat was
steady to-day. The dearth of outside orders
made business dull, and the scalpers had the
deal pretty much to themselves. The warm,
growing weather had weakening tendency
which the support given to the market by the
Ihorts, and by the bull news could not alto
rether counteract. The market might not
naptly be described as neutral, how
Ner. The bears thought il was
weak and the bulls that it was
strong, but neither side was quite sure OF it.
There was more than the customary amount
Of gossip afoat concerning the operations of
Cudahy and Ream, and the impression seems
10 be gaining ground that they have about
closed up their deals. Cudahy. ii is said, has
been working the privilege crowd for a week
al In fhd
crowd get ION to it, and then they put the
price up on him. To-day considerable share
VI the buying was set down whether right
'ully or otherwise, there was no means of as
ertaining) to the
TWO MEN NAMED.
The range this forenoon was $sC01@c and the
slose was &c lower than the opening, viz:
173s@l7714c for May and roc for June. The
highest point touceed was 775sc for May and
793s9791ac for June. The l o'clock quota
tions were the lowest. Private cables were
1uiet Beerbohm treated the board to another
revision of his prices to-day, sending in sew
eral changes. He made California lower and
American red winter higher No important
change liz position or price is noted in corn
and oats. The market is stagnant and
nearly lifeess. Provisions spurted teebly
near the opening. Warren and others
bid the market up a little, and then sold about
three times as much as they bought, putting
prices down sc for pork and 100l2% for ribs
as compared with yesterdays final figures.
Offerings of ribs were notably heavy, and the
shriukage in values was most plainly mani
fest in that feature. On the afternoon board
wheat broke on New York gossip discrediting
export business, and on further rumors of u
general strike of the Knights of Labor on
Chicago roads. 1t rallied later on the re-
ported working of quite quantity of wheat
by leading shipper. Provisions weak and
lower. The grain fleet is expected TO begin
Ia move from here ON MOutlay.
CHANGE CHATTER. O
''Puts" sold this afternoon at 7612c, "calls'
ut 773sc.
About the best support wheat received was
given it by Hamill-Brine, Lester and Ream.
The latter is alleged to have bought quite
actively, but experienced so little difficulty in
getting all he wanted that no appreciate ad-
vance was had on the strength of it.
Until Orr Crittenden g. Comes began selling
wheat on a liberal scale this morning il was
believed that Armour and Kent were buying.
When, however, Frank Crittenden began sell
ing it was at once decided that this early the
DRY mad been bad one.
There are" said Capt.J ohm Prindiville. the
best-known vessel agent and owner here,
''over 4, 1000. 900 bushels of grain in vessels in
the harbor here-6, 100000 bushels up to yes
terday. 1t will all be out of here by Monday.
Many of the vessels start Saturday if the
weather is fair. OF this grain about 100000
bushels is wheat, 500, 900 bushels fax seed,
and the rest corn
Not much activity is expected in grain until
the straits open and the large grain feet
moves out. The bulls then expect free out
ward movement that will cause an advance
in prices.