St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-08
Provisions Dull and Shade Weaker
A Moderate Days Business at
the Banks.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO, Mayi 7.-Trading on change
to-day was more active than yesterday, but
almost exclusively local, there being very
thin sprinkling of outside orders. Labor
troubles check business, and spectators as
rule prefer to watch and wait Interest
continued to be centered in wheat. There
was an active trade and an unsettled market.
Based on opening prices, there was very
fair degree of strength, if it can be
Judged by the fact that the
range over first quotations was little
greater than the fall below them. AT
the opening, wheat was firm, owing to
drop in consols, but trading was rather
light and prices afterward fell. Later,
however, a good demand sprang up, mainly
to cover outstanding contracts on the
strength of war news and reports that
freight handlers had gone to work. About
II o'clock the light figures OF the day were
reached, and in the latter part OF the SeS-
sion the
FEELING WAS FIRM.
Latest figures were a trife better than those
at l O'Clock Yesterday. June opened at
SS15c, fell to 7S4c, rallied to 7S1sc and
closed at 1899. July closed at SO7ac and
August at S135c. Vessel room was taken
for go, 600 bushels and rail room for so, 600
bushels. Receipts at eleven points to-day
were 1914, 900 bushels, and the shipments
376, 900 bushels. Corn was moderately
active and averaged lower, but closed at l
o'clock a trihe better than yesterday.
The small receipts and large shipments
We're enough to cause a sharp advance,
but buying was not heavy enough to pro-
duce more than a slight reaction from in
side figures. Crop prospects were decidedly
favorable, and operators as rule were
more inclined to sell than buy. May was
neglected and held steady at 34M @34Bc;
June broke from SO sc to 35%c, reacted,
and closed at 368c, July SIC. Vessel
room was taken for ia. 600 bushels. Oats
were more active, but
PRICES WERE LOWER.
May closed at 29Rc. June sold at 29Ac
down to 2S15c, and closed at 2STc. July
closed at use. Rye was dull and without
quotable change No. 2 in store sold at
60Hc. May sold at 60c and June at Gle.
No. f. o. b. sold at 62Ac. Barley ruled
quiet and nominally unchanged, the demand
being restricted to immediate wants. Pro-
visions were dull all day and a weaker
feeling existed, prices closing shade lower
than on yesterday. Mess pork for June
sold at 1913 down to 5000, and closed
at $.02H@9.05. Lard for June sold at
S5.921a 1856 and closed at S5.923 5.95.
NOTES FROM THE BOARD ROOMS.
There has been enormous covering of short
corn at Chicago within the past few days.
Prominent operators have taken advantage Of
the panicky feeling to cover their very large
short sales for July and August. 1t is an
ticipated that there will be quite a rush of
cash corn just as soon as the freight block
ade is raised.
1t is reported as coming from a member of
the executive committee of the Delaware &
Lackawanna that the company earned over
all charges and 15s dividend, a surplus of
$2S,000 for the first quarter of this year.
The winter wheat reported by the state
board of agriculture is more promising at
this time than for any year since 1882. The
condition has improved during the month i'll
all portions of the state.
Headed-out wheat from Randolph county,
ILL.,, was exhibited on change at st. Louis
yesterday. Wheat is reported heading out in
Washington county, Mo.
a Wall street dispatch says the supply of
documentary exchange was increased late
to-day by free offerings of wheat bills.
Eleven thousand sacks of flour were taken
at Chicago yesterday for export at Sd better
than was quoted earlier in the week.
Petroleum opened inNew York at 73Ac and
advanced to 7412c, and closed at 741sc
The Drexel-Morgan Reading syndicate is
said to have given up the fight.
The shipments of gold to Europe this week
will aggregate 81, CSC, 600.
PETER BERKEY, Pres. +. W. ANDERSON, Cashier.
CIV. GRIGGs, Wires. A. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK.
CAPITAL, 100000.