St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-10
MARKETS FIRMING UP.
Yesterdays Prices Indicate More Strength
AL Around, and the Closing is
Somewhat Higher.
Wheat Scores an Advance Over Thurs
days Closing Prices, and
Holds It.
The Other Cereals Quiet but Firmer--
Provisions Receive u Little
Attention.
The Stock Market Develops Unex-
pected Stronghold Good
Days Business.
ChicagorGrain and Provisions.

ChicagorG Grain and Provisions.
Special TO the Globe.
CHICAGO, April 9.-The temper of the
trading crowd in this market is gradually
undergoing a change, and majority of the
operators who were rampant bears on wheat
when May was quoted about 76@77c have
quietly bought in their wheat. and either
gone the other way 0r drawn out entirely
for the present 1t is not well known that
several leading bears closed out their lines
of short wheat on the plunge at or very
near the bottom, and it is generally be-
IieYed that they are now out OF the
market. The decline from Gee, which
was almost without interruption, has laid
one set of bulls and developed a new
set The old stagers who have been fight
ing fate for SO long are less rampant and
their successors are saying very little and
doing nothing in the statistical line 10 prove
the wisdom of their course. They are buy
ing because they belive wheat TO be intrin-
sically cheap, and they do not yet feel the
need of figures TO show that they are COM
mercially right Hence there is a scarcity
OF gratuitous statistical information on the
bull side at this writing. To take the place
of this stimulating literature news contin-
hes to arrive that the foreigners are bidding
for offers. and they are getting anxious 10
take hold of American stocks.
CABLES WERE CONFLICTING
as to actual quotations abroad, but they
practically agree that the foreign trade was
turning toward America, and that Ii will be
liberal customer for the next three months,
providing speculation does not boom prices
away beyond reason. Conservative grain
merchants are afraid of q too rapid advance,
once let the market get started, but the
bears say there is no danger on that score,
and that wheat is heavier at 7Sc than il was
at 9+c, though they admit that it cannot fall
as far from the former as from the latter.
There was tirmer feeling for the leading
cereals and hog products to-day and prices
were shade higher. Trading began with
the market well evened up and traders dis
posed to do very little in the way OF new
ventures, and only small orders were re-
ceived from the country. Wheat was mod
erately active on speculative account, and
the general market ruled firm, due mainly
10 reports Of an export movement, light re-
reiptS here and shipments in excess of re-
ceipts at eleven leading points Prices at
the close were $4c higher than the figures
current at l o'clock yesterday and &c bet
ter than the figures
AT THE ADJOURNMENT
u the afternoon session yesterday. May
opened at 775Sc, fell to 1890, rallied to
1850, and closed at 7Sc. June sold at 79L
assoc, with 7915c the opening and 1880
7955c the closing. July sold at S0X@S1 &c,
closing at Sl%s August sold at S215c, and
September at S314c. Corn was stronger
and higher. but the amount of business was
less than yesterday. The strength was due to
the smaller receipts and better feeling inNew
York. but more particularly to the advance
in wheat. Several large operators bought
quite freely at times, but they were under
stood to be working for only a small ad-
vance. May sold at 3755@37Isc, and
closed at 375Sc, sc advance over yesterday
afternoons close. June closed at 3S15c.
Shippers bought moderately. Oats were
very quiet. selling all the morning at 278IO
291sc for May. Sample oats were scarce
and firm. with No. 2 white 32@342Ic
and S513c for choice. and No. white
3219@34c for choice. Provisions
were tirmer, owing to a falling of
in the receipts of hogs and strength
in wheat. Mess pork was 715@1Oc higher.
but rather quiet. MAY opened at 50. 3715
and sales were at S9,35@9.40, closing at
$9.3755. June closed at S9.4215 and July
at $3.50, Lard was quiet, but a shade
higher, with sales at $5.921505.95 for
May. closing at $685.. June closed al
S5.973 and July at S6.0215. Short ribs
We're in good demand at &c higher, May
opening at $3.50 and closing at $40. June
closed at S5.421a, and July at $5.471I.
PETER BERKEY. Pres f. W. ANDERSON. Cashier.
CIV. GRIGGs, Wires. A. C. ANDERSON, Asst c.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.