St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-09
UPWARD MOVEMENT.
The Markets Firm Up Little After
Yesterdays Slump and Close
Quite Firm.
Considerable Demand for Wheat From
Foreign Sources, but the North
west Bearish.
Provisions and the Minor Cereals
FeatureIess, but Prices Slightly
Higher.
An Advance Engineered In Wall
Street in the Face of News OF
Bearish Character.
Chicago Grain and Provisions.


Special to the Globe.
CHICAGO, April S.-There was quiet
after the storm to-day. The victors in yes
erday's battle had chance to ascertain
how their bank accounts stood, and the
manned were given an opportunity to bind
their wounds, grid up their loins and other
wise prepare for resumption of hostilities.
The casualties were fewer in number and
less serious in character than many looked
for. In fact, actual financial fatalities
were indicated by the simple character.
Yesterdays lump was followed by much
steadier market this morning. Gables came
in better than had been expected, and rep
reSentatives of foreign houses were on the
floor with an unusually large budget of Or
derS only little ways below the market.
The presence of the foreign element in the
market as buyer is new feature, and
but for the fact that the whole West and
Northwest has turned bearish, its influence
for the better would be sudden
and decisive. The opening to-day was
a shade under yesterdays close. first
sales of May being on basis of TIE and
7715c. The Southwest was good buyer
from the start to cover shorts and the local
crowd bought in great deal of wheat TO
close out trades. The price advanced 20
&c Milwaukee, Minneapolis and Duluth
selling steadily on the bulge, Cudahy and
his local following also offering all the
crowd would take. The market naturally
Softened somewhat, but subsequently hard
ened on report that Field. Lindley & Co.
and Lester Il Co. had worked 100, 600 BUSH
sis for immediate shipment abroad, which
impaired renewed strength to the situation.
The rally was only temporary, however,
inn cd
ALL LOST,
a decline setting in about noon that carried
prices down to the bottom again. The
trade was very nervous, uneasy and watch
full, and several small tlurries occurred dur
ing the day, but they were of a such slight
Importance that the general Steadiness in
quotations was not seriously disturbed.
There was more or less scare" gossip
floating about, but nobody took any stock
in it, as only one very small house
succumbed. While the talk was
uninfluential, so far as individual
cases were concerned, it had IFS affect in
shaking general confidence. The last half
hour OF the long session was consequently
weak. though just before the close slight
recovery occurred. and final quotations at l
o'clock were 5Sc above bottom. Corn and
oats were steady, and during most of the
N"9 may COin
closed at l o'clock sc above yesterday, and
June sc higher. Oats gained B@4c.
Trade was light in both cereals. PrOvis-
ions were dull. The opening was slightly
lower for the whole list, and the market
was inclined to be dropping, especially dur
ing the middle of the long session, when
there was greater disposition to buy, but
subsequent sales were at rather cheaper
prices, and the market sagged. Lard and
ribs show no special change in quotations
as compared with yesterday, but decline
of 5@714cs noted in pork. Wheat had
bulge on the afternoon board. the price of
May advancing from 7714@771sc, closing
1irm at the very top. The advance was
stimulated by reports of continued buying.
for foreign shipments mainly. Offerings
were light. Pork advanced sharply 100
Toe, and ribs also closed slightly higher
PETER BERKEY. Pres. r. W. ANDERSON, Cashier.
CIV. GRIGGS, V. Pres. A. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Corner Fifth and jackson streets