St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-18
MARKETS ARE WEAKER
A Dea rth Of Outside News Results in a
Small Volume Of Trading
and Lower Prices.
Corn takes the Lead Again, but Develop
ments We're Far from Being
Sensational.
Wall street turns Its Attention to the
Coal stocks, which are Ham,
mered Numerically.
Rumor that a Bull Pool IS Manipulate
ing st. Paul-End OF the
Duluth Deal.


Chicago Grain and ProVAsAcuS"
Special 10 the Globe.
CHICAGO. March 17.-Developments on
'change to-day were far from being sensa-
tional. The corn market doomed into
little more prominence by reason OF the
large trading at lower prices, but in wheat
and provisions the business passing was
almost exclusively among the room traders,
and was under an average volume. Not
for many day has there been such dearth
OF outside news. Such as came over the
wires proved uniInportant in helping either
the bulls or the bears in their operations,
and wheat kept within yesterdays put and
Gall prices all the forenoon. Winter wheat
market quotations came in easier, While
public cables called spot wheat in Liverpool
quiet and steady, with cargoes OF coast and
on passage duh and slow. English country
markets were firm, and the weather in
England was again reported untavoraole.
Private dispatches from abroad were some
what conflicting, but the late ones indi-
Gated tirmer tone. Imports into
THE UNITED KINGDOM
during the past week showed an increase
OF l44, 900 bushels of wheat and 81, 900
bushels of flour. The wheat market was
pegged at S435@S+15c for May, full hour
and halt after the opening this morning,
with buying to a large extent against puts.
1t then pulled up TO S4}sWS4&4c on the
split and huHg around there for another
hour, or until high noon. Trading all
through was largely Of Scalping character,
there being scarcity OF outside orders
either way. Trading appears to be getting
out Of May and into the June option, there
being nearly as much done in the latter to-
DAY as in the former. The full range COW
cred by sellers May this forenoon was only
S4#5@S434c, and at / o'clock S4ss @S41 &c
on me split was bid. just before the
close the market weakened Oh the
report OF fresh outbreak OF trouble among
the railroad employees in the Southwest.
\ prominent local house is said, on good
authority to have worked 100, 900 bus of
No. spring wheat here for the account of
some New York exporters during yeSter-
day and to-day. In the speculative
MARKET FOR CORN
an increased business was witnessed at
lower prices. From 3914c for May there
was a decline 10 3SH@39c on the split,
when there was a slight reaction, and at
o'clock 3915c was bid, being &c under
Tuesdays close. At 39c there was some
heavy trading, Nat Jones selling $50. 900
bus, with w. r. Baller Il Co. also as sellers,
and Norton and Worthington good buyers.
Oats were only moderately active, and
prices without material change. Provisions
were quiet active and irregular, pork
selling off 15c earlier under free
offerings mainly by long holders, but
leacting some, the early decline
developing a fair call from the short inter-
est, and closing sc under yesterday. Lard
held steady all day and closed about the
same as on Tuesday, while short ribs were
rather quiet and closed steady without
especial change. Trading was quite active
on the late board, and the grain markets
were all weaker under the lead of wheat,
which was depressed by the reported failure
OF a local operator of the smaller class, and
by the talk about labor difficulties. May
wheat sold off from S43sc to SAKE, and
corn from S9@3915c on the split TO 3SSc.
There was considerable doing in corn and
oats in large jags. Mess pork was quoted
stronger on good buying, supposed to be
for Robert Warren. Based on yesterdays
closing figures wheat finally closed &c of,
corn sc, mess pork &c and ribs DC, with
oats and lard unchanged.
PETER BERKEY 5Pres. +. W. ANDERSON, Cashier.
w. GRIGGs, V. Pres. a. c. ANDERSON, Asst. g.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Cor,,a- TNiftl, and Tanranp straafa