St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-04-26
CLOSED RATHER TAME.
A Bullish Week Ends With Listless Mar
kets, No Exciting Features and
Narrow Range in Prices.
Steady Gables and the Settlement of the
Lake Shore Strike Created OOnSid-
cradle Strength Early.
But Free Offerings and a Lack of Out
side Orders Caused a Falling or
With the Above Result.
Wall Street Market Dull and the GEN.
eral Feeling Seems to Favor
Decline in Prices.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO, April 21.-TO-day marked a
tame close to bullish week in wheat.
The market opened strong on steady cables
and peaceful settlement of the Lake Shore
strike, and the temper of the crowd was
bullish, but offerings proved TO be liberal,
while the appetite of the trades turned out
10 be far from ravenous and the consequence
was weakness and trip down the scale in
the direction of a lower range of values.
The market was narrow, and bust
ness was characterized by a plenti-
full lack of outside orders. The
day passed without any especially
exciting features developing. and the clos
ing quotations were about &c lower than
those of Thursday. Very few statisticians.
whose opinion is worth anything, have at
tempted to make close estimates of the
probable decrease in the visible supply. The
''gueSSes," and those making them, invari-
ably hedge by confeSSing they are wild,
range from 1,300, 900 to 5, 500. 900 bushels.
The clearingS from New York. Philadel-
mia, Baltimore and Newport News for the
week, aggregate 1.300, 600 bushels in round
numbers, but what last percentage of this
wheat was included in the weeks
decrease of the visible, there is at
this writing no means of determining.
One commercial authority states that, of
the wheat cleared from the lake ports thus
far, 700. 900 bushels will not appear in the
visible supply estimates. This estimate
comes under the head of guessing" An
other bit of gossip was floating about, tn a
was construed as bull or bear argument
70 suit the taste of those who heard it. 1t
was that Fraley and Ewald had bought
800, 600 bushels of wheat in Toledo for ship
ment to st. Louis, and that 200 cars are al
ready loaded and ready to move. Fraley
and Ewald are short in that market which
is strongly held for May by Maj. Francis,
and they propose to
BREAK THE PRICE IF 1T
can be done. The stocks of speculative
grades in st. Louis are less than 200. 600
bushels. June wheat opened here &c
higher than it closed Thursday. and the
opening proved to be the top. The decline
OF %@Mc was gradual, and when bottom
was struck the market rested. fluctuations
being scarcely perceptible. Last trades
were on a basis of 79Sc for May, and Size
for June. Changing over into later months
was the only feature in corn. Cudahy and
Baker bought considerable May property.
and sold June and July. May declined
sc and June u as compared with Thurs
day. Oats are practically unchanged i'm
a speculative way. Rather more activity
i'll cash oats is reported. Receipts of hogs
have been interferred with by the labor
troubles hence are smaller than expected.
Provisions have ruled dull. True, there
has been very fair consumptive trade, but
speculation has dragged heavily. Prices OH
the leading descriptions have averaged
easier, and in TIE case of pork decline Of
5000 per barrel has been submitted simply
because there was more offered than was
wanted. Indeed, the very large stock of
pork promises to be a milestone on the
trade for some months, simply be-
cause it is nothing but
speculative article. Lard and meats
close about the same as week ago, but are
very liable to be effected by the heaviness
in pork. The Howe pork deal, which has
been the subject of very much conjecture, is
about all closed up, or i'll process of closing,
and it is generally supposed the syndicate
are out about $50, 600. The packing of
the West for the summer season so far is
about go, 900 i'll excess of the corresponding
period last year, and we look for a gain
right along. OF course, it is possible thar the
labor troubles may prove much more serious
and lasting than is now reported. If they
will naturally be retarded. Bet there is no
question about the hog supply, and the out
look promises fair demand for hog
product at about present prices. In the
present unsettled condition of affairs, the
country over, it is idle to attempt to pre-
judge the future, SO we refrain from COM
ment.
CHANGE CHATTER.
"Puts" on June wheat SIG, ''calls," s2sSc.
The curb market is rather firm.
w. B. Andrews-What do I think? WHY. I
think there are too many bulls for the wheat
that is going out. don't believe the situa-
ton strong enough yet to justify everybody
turning bulls.
1t is one Of the stories on the street that
Ream on Thursday ordered Lester g. Co. to
report wheat which that house had recently
been purchasing for him to Orr, Crittenden g.
Comes, II. H. Orr 81 Co.. and Hamin & Coug-
don, houses through which he had been all
the while selling.
I'm pork that short interest has all been set
tied up said Robert Robson, land the
market looks very we ak. / think that wheat
will drag along next week with very little
action, and probably with tendency down.
ward"