St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-11
BULLS ARE HAPPIER,
FOR Wheat Held Its Own Yesterday, in
Spite of Grist of Discourag-
ing News.
The Other Cereals on the List Ruled
Quiet, but Values Were Well
Maintained.
Provisions Close Easier, Live Stock
Active, and the Prices of Both
Remain Firm.
A Strong Market Maintained on the
Stock Exchange Points for the
Coming Week.
Chicago Grain and Provisions


Special TO the Globe.
CHICAGO. April 1O.-Wheat was weak
and lower at the opening this morning,
but light and local leverage soon made
shorts take hold, and it was not long before
there was jump of &c. A portion of the
advance was lost. At the close the feeling
was rather steady and firm, and the closing
figures show decline of sake on those
current at l o'clock yesterday, but &c
higher than those at the close of the
afternoon session. The talk to-day: was
all about the impending export movement
OF wheat. Much of it was wild gossip,
but there was enough substance to it to
carry prices up somewhat and give re-
newed strength to the market. Gabaiu Il
Co, a French-SwiSS house, was an open
purchaser of 100000 or 500, 900 bushels
Other foreign houses were steady buyers
all day, but not on so large a scale.
y number Of commission houses whose
business acquaintance across the water is
slight, but who stand well in the CONNER
clal directories, were in receipt of small
orders direct from continental and English
sEms. IL several cases the orders were
complete surprises to the parties receiving
them. business relations with the princi-
pals having been dropped months ago. The
revival OF trade from the far East was &C
cepted as
A STRAW
indicating the way the wind is blowing
Then, too, the government crop report was
considered favorable. May opened at nc.
advanced to 7S1sc and closed at 1890
ne. June sold at 79@S0c and closed at
792s@7954c. At eleven points the
receipts for the week add up to
ha hi
973, GA bushels. Corn was slow in the
same rut as for several days past. Receipts
We're good. Advices from Eastern and for
eign markets offered no encouragement TO
either side 10 take hold. and sales were
within a narrow range. May sold at 3715
@31%c, and closed at 375S &c better than
yesterday afternoon. June closed at IS sc.
Provisions We're rather steady early,
but at the close there was
an easy feeling, and prices lower
than on yesterday. Mess pork declined
5@715c, lard , c, and short ribs 215@5c.
The general market was dull. Mess pork
for May opened at $3.50 and sales were al
50. 3O@9.35. closing at 50. 80. June closed
at $3.50. aud July at 9.421zc. Lard closed
at s.. 80 for May, S5.95 for June, and So
for July. Short ribs closed at So. 50 for
May. S5.375s Tor June and S5.425l for
July.
CHATTER on THE BOARD.
Export purchasers for No. spring wheat
at Chicago yesterday were LIS, 0UO bu, partly
for the continent.
ST. Paul earnings for the first week in April
decreased Sc, 900.
The new issue of st. Paul bonds, 81, O0O, 900
of per cents, to run thirty years, hav all
been placed. They will be convertible into
common stock at par.
The visible supply will, it is estimated, show
a decrease of 1,250,000 bushels for the week
on Monday night, when the figures are pub
lished. This was a bull argument and helpeu
TO support the advanne.
Chicago's advices are to buy Duluth com
mon for further advance next week. The
buying is in the interest of railroads runninl
from Chicago TO Minneapolis. Chicago oper-
atOrs have done well in this stock during the
past week
The new convertible st. Paul bonds over
which there has been so much discussion
will be issued. il is said, on the proposed new
Kansas City bridge and the terminus there
They will aggreA ate 100000, will be issuet
in July, and have already been sold at 9Oc
and accrued interest. The interest will be
per cent, and outranks the preferred STOCK
of the road.
PETER BERKEY. Pres. f. W. ANDERSON. Cashier
CIV. GRIGGs, V. Pres. A. c. ANDERSON, Asst c.
The ST. PAUL NATIONAL BANK,
CAPITAL, 100000.