St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-02
MARKETS UNSHAKEN.
The Labor Troubles Did Not Send Prices
to the Demnition Bow Vows as
Some Expected,
But, on the Contrary, Unexpected Strength
and an Unusual Demand Was
Developed,
And Wheat, Oats and PROVISIONS
Registered an Advance, Wh1Ie
Corn Eased Off Slightly.
Stocks Having Less Inherent strength
Felt the Industrial Disturbance
More and Weakened.
Chicago Grain and p rovisions.

Chicago Grain and p rOvisions.
Special to the Globe.
CHICAGO, May 1.-Deliveries of wheat
were higher than expected to-day, not more
than 1000, 600 bushels passing around.
Most of this wheat landed with Lester d
Co., and three or four other houses, the
professional carriers ge ting only small
percentage of it greatly to their surprise.
twas ge morally believed that 4,0Oo, ooO OF
1000. 600 bushels would go around, put
h5olders seemed willing to stand
pat" Corn of contract grades IN
warehouses here aggregate about 3,OOo, ooo
bushels. nearly all of which was IN
the street this morning. Of this w. 7.
Baker took and paid for 600, 900. Fleming
d Bovden took in an immense quantity,
ysriously estimated from 1000, 600 TO
1900. 600 bushels The remainder landed
with Norton 81 Worthington, and quite
list of other firms Deliveries Of provisions
were heavy. The property was very gen
orally distributed by packers, who are evil
IDENTIFY willing that 1.-The country" should
share the risk of carrying it. Instead of
there being a rush on the part OF unhappy
holders to crawl from under a
MOUNTAIN OF WHEAT.
this morning, the scramble was on the part
of gentlemen. who did not have wheat
enough. There did not seem to be Sutfl-
cient stuff to go around and those who had
it were 10th to let go of good thing. In
quirers were accordingly put to the lncon-
venience of bidding higher for what they
needed. The market opened in rather
uncertain way about where 1t left Off last
night, but PRICES jumped 1c with astonish-
ing rapidity. May going from 7S14c to 7914c
70 a
advance was 50 sudden that it
fairly took the breath away from
the shorts, and timid ones among the num-
ber made for cover not knowing where a
halt would be called. Values held firm at
the advance for quite a while, but along
the last hour the market eased off. The
close was tame at a range of prices 36@19c
above Yesterdays last quotations, excepting
for July, which was only sc better than
yesterday There was an abundance Of
corn for immediate wants. and the price of
Nay dropped 15@%c, but the market for
Jhe
DEFERRED OPTIONS REMAINED STEADY,
With demand fully up to the supply. The
Train in May wdened the difference be-
tween this month and July to 25Sc. which
3 &c more than it was very short time
Jack. Trade in corn was on large scale
tO-utlS. otliu tllClC was IiO luSh w emporium
lty to do business. Oats were firm, with
moderate trading. The market was devoid
Of excitement. Provisions were strong and
active. Pork advanced zoe and lard and
ribs &C. but the market receded and the
record shows loss in prices from the best
figures, except for ribs. Pork closed
15c higher than yesterday, and lard and
ribs 21a @5c higher.
CHANGE CHATTER.
puts on June wheat sold this afternoon
at sec; ''calls at &c.
Norton & Worthington were heavy sellers of
wheat.
Gossip has it that Hutchinson Armour
changed over 100000 bushels Of wheat to
July
G. 5. Everingham-The first demonstration
has failed to overcome the industrial diScOur-
agements. Aside from these latter look
lpon the situation as one of great strength.
To be sure, the crop news averages favorable,
and it encourages some IN selling, but as
new crop is not actually available here for
more than three months l see no great
wisdom in selling June options, excepting to
harvest August results. That may be pos
sible if all circumstances continue favorable.
PETER BERKEY. Pres. f. W. ANDERSON, Cashier.
CIV. GRIGGs, V. Pres. A. c. ANDERSON, Asst. c.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Coruer Fifth and jackson streets.