St. Paul daily globe., 1886-03-06
DULL MARKETS RULE,
irain and Provisions Quiet Yesterday, But
There Was Some Trading in
Stocks.
Armour Thought to Be Manipulating
Wheat in View of May
Squeeze.
Northern Pacific Gets n Boost on ltu-
mors of n Favorable Land
Decision.
phe Lending stocks Close Steady
Corn Stronger--Other Cereals
Dull.
Chicago Grain and Provisions.

Special 10 the Globe.
CHICAGo. March 5.-The markets on
Change to-day were dull and trading al
most exclusively on local speculative ac-
count but prices at the close We're shade
higher than at l o'clock yesterday. 1t is
almost always the case that after privileges
have sold very close to the market for sew
eral days that prices break away. Puts"
and calls" on wheat last night were only
sc apart, the former selling at S434c, and
the latter at sac. 1t looked at noon as if
the purchasers of "calr' would make
money At the regular close, l o'clock,
the holders of these privileges were
ahead, for the market was S49lc. Wheat
at New y oTk was higher this morning, and
so were cables. Rather Unexpectedly here
the May option, quietly and with no very
large trading, and after an hours dullness,
skipped away from SAGE up toward S5c.
The ''call' price was passed when May sold
eft SAGE This made the trading more ac-
tive The opinion that Armour is manIpu-
lating the New York market is becoming
settled. and furthermore, grain dealers are
unanimous that the situation at New York
is such that a squeeze there in May wheat
is quite feasible. Trading to-day was al
most wholly on
LOCAL SPECULATIVE ACCOUNT,
but the range of prices was higher than on
yesterday. and with the usual ups and downs
of ga &c. the market closed a under the
outside figures of the day, but - above
those current at l o'clock yesterday. Re-
ports of rain in Kansas and Missouri,
stronger private cables and private wire dis
patches of an export movement in New
York kept the bulls to the front. May
"A ON alO a <p
with the range of the day at S413
@S51Ic. March closed at soc. June
sold SG4@S6$4c and closed at S615c.
August sold at S75I@SS18c. and closed at
SSc. Receipts to-day at eleven points were
2lG.0 bushels. and the shipments 156, 600
bushels. Corn presented more strength and
fair amount of activity early in the day.
and advanced 4@3sc, and closed at l
o'clock with the advance maintained. Re-
ceptS fair Liverpool and New York were
firm, and scared shorts into covering. May
sold at 4O16@4O3sc, and closed at 40B 90
40s5c March sold at 3715 @375sc. and
closed at 373sc. Provisions are only mod
erately active, and prices, generally
speaking, were tirmer, but for mess
pork rather unsettled. Trading was local.
Mess pork 10c higher, May opening at
Si0.35 and closing at S10.35, with sales at
S1O.3O@1O.45. March closed at 5000,
April at S10.2719 and June at 5000. Lard
214@5c higher, closing at s5.97H for
March, S6.O2% for May and sc. 10 for June,
with sales TOR May delivery at S6.02190
COS. Short ribs 219@5c better. May
opened at S5.3715, and sales were at
S5.371z @5 421z, closing at 1914. March
closed at S5.3215, April at S5.35 and June
at S5.45.
PETER BERKEY. Pres. f. w. ANDERSON, Cashier.
CIV. GRIGGs, Wires. A. c. ANDERSON, Asst. c.
THE ST. PAUL NATIONAL BANK,