St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-31
UNEXPECTED Strength Developed in Wheat,
and an Advance Of Half Gent
Makes the Bulls Glad.
Pork savagely Raided by Clique and
Then BOlstered Up Again by the
Same Schemers.
Wall Street Brokers All Broken Up
Over the Uncertainty in the
Strike situation
And Uncertain Whether to Bun OF
Bear - The General Market
Ruled Dull But Firm.
Chicago Grain and Provisions.

Special 10 the Glooe.
CHICAGO, March S0.-Wheat opened &c I'M
Ger yesterdays close, but the market devel-
oped steadiness At once and the 14c was re-
covered without loss of time. Grain cables
were tame and on the whole discouraglng,
but foreign pol ticai news was not reassurlns
in tone decline in Russian securities
based on Grecian complications was reported
70 have occasioned considerable uneasineSS III
European financial centerS, ana counteracteu
the blue marker intelligence, ana talth IN the
genuineness of the local sales for export
during the past lew days served 10
encourage buying, and the consequent
hardening OF values was quite apparent.
Fears that negotiations looking to settle
ment of the Southwestern strike would ran
through and that the trouble would spread
after all was weakener, and the timid were
oppressed with Il fear that the limited export
movement would not materially decrease DO
nestle stocks. 1--WE must have great whole
sale movement of wheat across the Atlantic
or prices must go lower, was the way
weak-kneed bull broker was eXhorting Tel-
low broker. "A retail trade viii 90 us no
good this late in the season" The conspicu-
Gus points i'll the general situation, SO far as
tO-day's markets arc concerned, may pe
briefly summarized as above. Locally the
market was monopoliZed to very great eX-
tent by home talent.
OUTSIDE ORDERS
bulge the market was subjected to the usual
plugging it has been getting regularly Tor
the past four of FIVE days. and the price Of
May dropped back TO S03sc 1t reacted later,
ana al l. o'clock May was selling at Sic. 1t
was thought that favorable turn had been
reached in peace negotiations in the South
west. and this. added 10 reports OF quantities
of property taken in New York for shipment
abroad impaired new life to business in the
pit Before l o'clock May wheat was selling
ut Sll.c. and the last sales were on basis OF
Slls@Sl1jc. The landing OF fifteen boat loads
at New \ Ork for export was known here at
l2:50. The market appeared to have recoy-
cred from its mid-Session weakness. Corn
pl ened steady this morning, but the price was
beaten down sc by Baxter and Germain.
Those parties did not sell much stuff, but the
crowd V ss not in 2 buying mood aud offered
no resistance. Later the market reacted TO
the starting point in sympathy with wheat
and pork. OI.s were quiet and undisturbed
by the influences that conyulse the more ac-
tive cereals. Pork was
sAvAGELY RAIDED
this morning by Nat Jones and his ''tailers. !"
They jumped on May and June, sending the
former from SO. IS to 1925 and the latter from
$3.50 TO $3.50. The decline brought out quite
u lot of long pork, grain houses o1ering prop
crty freely. When the market seemed weak
est the early sellers turned buyers and COW
cred their shorts. The market then slowly
recovered ana closed at 1 O'Clock with an I'M
dertone Of 1irmness, and prices went
nearly back to the top. Fluctua-
lions in lard were slight, and
persistent purchasing by the packing COM
pany held ribs steady, quotations at the close
showing improvement over yesterday.
Wheat spurted nearly re on the afternoon
board. Export inquiry and additional pur-
chases on this market for foreign account
were the causes. The close was &c under
the best price. May ending at S13sc. Pro-
visions are strong, shorts selling freely.
PETER BERKEY. Pres. r. w. ANDERSON, Cashier
Wv. GKIGGs, V. Pres. A. G. ANDERSON Asst @.
THE ST. PAUL. NATIONAL BANK.