St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-17
Less Excitement Manifested on the Board,
and Smaller Volume Of Bust
ness Transacted.
The Principal Interest Conferred in Pork,
the Price of Which Was Held Up
by the Cudahy Crowd.
Wheat Slightly Lower on Account OF
the Springlike Weather--Other
Grains Weaker.
Stocks Ruled Inactive, But Bright
ened Up Toward the Close aud
Closed Firm.
Chicngo Grnin and Provisions.

bpecial to the Globe.
CHICAGO, March 15.-The speculative
markets were less excited to-day and a
,teadier feeling prevailed all around. \
smaller volume OF business in the aggregate
was transacted in both breadstutfs and
provisions, and as very little news of mo-
ment was received from outside the day
wore away without a sensational feature of
any kind. In the pork pit there was a
better class of buying, aud it
was generally believed that after
yesterdays sharp break, a reaction
would follow. There was not so much
inclination TO hammer the market at any
rate. and it recovered 15c of the ground
lost. Cudahy, Robert Warren ana Hutchin-
son taking considerable product. CONNER
cial cables denoted a halt i'll the upward
tendency of wheat in foreign markets, spot
wheat in Liverpool being quoted quiet and
steady, and London was called ''quieter."
The weather over there was reported cold.
with heavy snow storms prevailing in some
parts of England. Wheat Tor
MAY DELIVERY
was 15c lower ut the opening both here and
in New York. THIS reaction from yester-
days bulge was attributed TO the spring
like weather, less favorable news from
abroad and the smaller decrease in the YiSi-
bic supply than was expected. In st.
Louis the spread between May and the
longer futures widened about sc, a fact
that WAS regarded as of some significance,
inasmuch as shorts IN the Southwest were
disposed to cover their June and August
wheat in this market. The first sales were
at S4l5c for May. After selling up to
S45sc the market broke TO 81 @S4$sc
on the split, then sold mp to S43s @S4ISc
between these extremes. At and around
size and S435c the bulk of the business
was transacted. Whenever the market got
Under S455c good buying set in on both
local and outside order account. Ream was
2 large seller in the early dealings, and the
Lester crowd did a good deal OF quiet buy
mg.
CORN AND OATS
we're weaker for both cash and forward de-
livery the heavy receipts Of the former
bending to offset any liunness that might
otherwise have been impaired TO the trade
through sympathy with other articles.
May corn sold during the regular session at
1915 (0391Sc, and closed at $3.50 at p. m,
or 4 c lower. May oats broke to 3lHc,
then recovered and rested at 3154c,
being sc oil. Gilt-edge cash corn OF
the contract grades in store was fully &c
lower than yesterday. Provisions were less
active, but some stronger, the sharp decline
OF yesterday bringing in moderate buying
orders, resulting i'll an advance of 15c per
barrel OH pork, &c on lard, and nc on
meats. The business done was not nearly
50 large as on yesterday ana the buying was
mainly on local account. Hogs were steady
and in light supply. There was fair activ-
ity i'll the afternoon in all speculative arti-
al nd Iir,or lad in hot
grain and provisions. Mess pork closed
l219c lower than at l o'clock, lard and ribs
212c, wheat and corn &c, and oats &c.
Engagements OF wheat for export at New
York were said to be eight to ten boat
loads.
CHANGE CHATTER.
Mail advices frCm Liverpool to leading
commission house here say: At the rate
wheat is passing into consumption stocks at
the seaport will show a reduction Of 100000
bushels; also, large amount at interior
points. The advance of IS per quarter on
Russian wheat prevents business. India
wheat is offered freely for April and May,
but we Will be obliged TO buy American, as
they hold the Key to the situation.
II don't believe that the home pork has been
sOld,' said George Robson, ''but that makes
the market all the weaker. 1t is certain that
Amour has nothing to do with the
home DEAL and he is the only man
who could handle it. There Is pork
enough here now to last for two years."
~ think said George Baldwin, 18th at the
Howe pork is all sold out and that May pork
VIII sell 1t So before it gets through. The sit
uaCion is very bad. Old pork is selling 81
barrel under the regular. This shows what
the actual situation Is"
Pork has declined 81 per barrel since Fob.
3. When prices were on the upper grade it
was said that there would be a short supply
of hnt 10 f.iaa
plenty Of hogs and too much product on hand
and no demand for it.
Notwithstanding the large amount of corn
Withdrawn from store and put into vessels in
the harbor here, stocks showed a gain of
$4,000 bushels The amount ahoat here is
1851, $3.50 bushels.
Il think that pork will sell at Ss. so some
time this summer said Frank Crittenden of
Orr, CriJtenden 81 Cowes. alt win not go
there at once, but by this summer it will be
there"
Cudahy was the largest buyer of pork to-
day. He covered, 1t is believed, 600 barrels
on MS snort contracts. Robert Warren was
the principal buyer aside from Cudahy.
Pork is very heavy" said John Cudahy. sit
looks 10 me as II there was no possibility for
much Of any advance, and every probability
for decline. Fhere is too much pork"
The best support given pork to-day came
from Cudshy, Hately, Robert Warren and
Hutchinson. Jointly they advanced it at one
time l5c from the lowest point.
Ream gave the market his personal atten-
ton, and pounded wheat hard. He let one
lump OF 100000 bushels 30 to Dwight Gil
lctte.
sat 1915" said Cal Favorite OF Armour g.
CO., pork does not look as high as il did. 1t
would be natural for il to react a little"
George Brine OF Hamill Brine did not feel
like advising sales of pork until the next crop
OF corn was planted.
Puts on May wheat sold in the afternoon at
41IGsl3sc, and calls at S43ssDS4zsc.
PETER BERKEY iPres. +. w. ANDERSON. Cashier
[. W. GRlGGs, V. fres. A. c. ANDERSON, Asst c.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000