Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-05-05
THE GLOBE HOROSCOPE.
As 1t Casts Its Light ON the Chicago Mar
kets.
Especial Telegram to the Globe

Especial Telegram to the Globe.]
CHICAGO, May 4.-Cables were firmer TO-
day. Wheat opened strong, but the crowd
got little scared at the continued deliveries
and feared the condition of the stuff delivered
out, so the market declined, although it closed
up stronger on call think it good idea to
buy the new crop, say August or September,
for believe they will come nearer June and
July than they now are, and pretty soon at
that. The curb for June is 81 301z.
The clique tried to break corn so that they
could get more of load, SO, of course, the
stuff sold off, although it subsequently, re.
covered most of the decline. May is cornered
without doubt, and I still insist that 1t will
sell up to Soc.
Provisions also eased off trife, but closed
steady, with strong tone to the market and
indications of higher prices.
Especial to the Western Associated Press.l
CHICAGO, May 4.-The wheat trade dragged
very slowly to-day. The weather was capri.
cious and operators held off, fearing that the
milking process would continue to shorten
their purses. The tendency was forward,
lower prices and quite drop took place, es.
pecially on May, which fell 2@2Hc for June,
1&@lHc for July and 11l915sc for August
below the closing on call yesterday, and with
some fluctuations, closed &c lower for May,
&c for June and nc for July than yesterdays
call. Sales we're s1.26@l.27H for May, sl.2o
@l.3OA for June, 81 2s@l.29X for July and
n.l6%@l.l7X for August. On call sales
| were $685. bushels and prices H@Kc better
for the leading options.
| Corn ruled active, but the nndercurrent was
| weak, as advices from outside were rather dis
couraging. The market opened firm and 40
&c lower, then as offers to sell increased there
| was further drop of 1011sc. During the
middle of the session the inquiry improved
anG prices rallied %9%c, but later weakened
and declined to the inside prices, from which
it ruled strong to the close, which was 1<1s<c
lower than yesterdays. Sales 7S5sQ7SNc for
May, and 7355s@745c for July. On call the
sales were $4,000 bushels and prices little
| better.
Oats were pretty active but very weak in
deed, AMI decline, nc. for AUG ust; nc for
July; 2N C for June; and 2Ac for May and &c
for cash. The closing was steady for August,
and Il OAK below yesterdays. Sales 63k O.
54H C tor May; 52x@54Xc for June; 1870
AK for July and 3S939c for August. o.
call sales were 785,0OO bushels, and prices
ucdily CCub HiBuCI luz MAY put uCaily ~
lower for other options.
Pork was weak and 109125Sc lower during
the greater part of the day, but closed steadier,
not far from yesterdays figures Sales,
$1s 45@lS so for May, SlS421S @1S57S for
June, SIS 60@lS.75 for July, and SIS 559iS 80
for August On call, sales were 1000 barrels
and hardly prices enough to compare with the
close on change yesterday. The feeling was,
however, a little stronger.
Lard was quite active but offerings were
large and prices ruled lower 2N Csc, closing
moderately firm. Sales $l1.30@11.37k for
SH for july On call
changed, though rates were easier.
A new amendment to bear down trade rules
is pending, which makes winter wheat deliv-
cradle on contracts of spring wheat. This
amendment will be voted on on Monday, and
if adopted will have the effect of making
Chicago a winter wheat market, and of ef-
fectually blocking "corner" manipulations,
like these which have crippled the market the
last month