St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-26
A HEALTHIER MARKET.
Wheat Becomes Firmer On Purchases for
Foreign Account and Better En-
glish Reports.
A Slight Break 0Ccasioned by News of an
AggravatiOn of Railroad Labor
Troubles,
In Spite of Which the Close Was Al
most "a Cent Higher Than on "eu
nesday--Other Produce.
The Stock Market Active, WIN A@oS
Well Sustained, and the close
Strong.
Special to the Globe.

Special to the GloDe.
CHICAGO, March 25.-Ihere was llflher
tone to wheat this morning than there mas
been for some time past Gables were
better both public and private, and 1t Is now
q reasonably well-established fact that for
eigners and their representatives have been
buying very considerable quantities OF wheat
for future deliveries on the break. The
English markets have not followed the de-
cline here, but at tue first indication of re-
turning confidence they harden Immediately.
This fact leads the merchant class of traders
TO think there is substantial ground for the
hone that the market is about to improve.
The price at the opening to-day was about
lie above where it left OFF last night. Shorts
began buying freely, and as values stiffened
and advanced considerable wheat was taken
for investment. An advance OF 13c was
scored, 81 Is being paid for May. linen
came news OF the aggravatiOn of trouble ON
the Gould roads and of additional rlotlng al
st. Louis. This served to shake Slowly-re-
turning confidence, and the price slipped
back to the starting point as easily as
though the way was creased. The market
DANGEROUSLY RECOVERED
from the backset given it by the bad strike
news, but it did not advance with any SHOW
of vigOr. Trading was not done on an eX-
traordinarily large scale, but a fair volume
of business was transacted, and the pit pre-
scented an appearance of animation all the
morning. One of the principal ele-
ments of strength to-day was the
circulation of estimates OF de-
crease in the visible supply for the
current week of at least LOCO, 600 bushels.
1t is rather early for guessing on the visible
but conservative traders, and the shrekers
as well, were indulging i'll the pastime. A
decrease i'll the amount of wheat on passage
TO the United Kingdom since last Thurs
DAYS report OF 200, 900 quarters LOGO, 600
bushelsl which was offset by an increase OF
the amount on passage to the continent OF
600, 900 bushels, leaving the net decrease
200, 900 bushels, was strong bull feature
in to-day's market. Indeed the situation,
viewed from almost any standpoint, showed
signs of a healthier feeling and an improved
tone. Prices everything considered, held
REMARKABLY STEADY,
the range during the morning being only
15c. The l o'clock closing was steady at
an advance from yesterday of about lc.
Corn and oats were steady and without
special feature of an interesting descrip-
ton. Prices underwent no important
change. Provisions were dull and strong
to-day, and higher prices ruled. Pork and
ribs gained sc and lost 212c. The only in
cident of note that occurred during the
morning was the purchase of $1,000 barrels
of May pork at 1875 by Allcock, broker,
who seldom turns up in the provision pit.
This buying was supposed to be on account
of Ream, but this guess was blind one.
Light receipts of hogs and the strike were
the principal visible elements of strength.
Wheat sold off slightly on the afternoon
board. An effort to stampede the market
was made, but it rallied and closed steady
at size for May. Nightingale wired late
that the English markets were dull, with
declining tendency. Provisions were rather
easier.
CHANGE CHATTER.
Exporters say our wheat market is on an
export basis and if prices hold steady good
business can be done. Some had bids for
wheat only a fraction under the MAJ ket.
81 guess" said John Cudahy, 'that Holmes
wheat was sold out the other day, but, 1t
makes no matter, wheat will break"
The decrease of the amount Of wheat on
passage aggregated 100000 bushels.
Puts on May wheat sold at sO13c and calls
at size.
Orr, Crittenden g. Comes were buyers of
pork.
PETER BERKEY. Pres +. w. ANDERSON, Cashier.
CIV. GRIGGs, V. Pres. A. c. ANDERSON, Asst. c.
THE ST. PAUL NATIONAL BANK,
CAPITAL, $5OO,000.
Corner Fifth and Jackson street1