Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-20
SUMENHAT STEhDlER.
A Better Tone on the Chicago Board Of
Trade Yesterday.
ALL GRAINS LESSI PANICKY.
4 Slight Fall in Prices Caused by Very
Free Offerings.
PROVISIONS SOME LOWER.
A Dull But Steady Feeling Prevailing
in the Stock Market.
IL GRAINS LESSI PANICKY.
LOWER.
CHICAGO.
Especial Telegram to the Globe. I

elgn markets were reported quiet and easy,
the stormy weather throughout the lake
region induced sharp reaction in the
markets on change this morning. Higher
figures, however, brought out flood of
offerings. and as soon as the limited de-
mand was satisfied the downward course
was resumed and the advance more than
wiped out. Some purchases of large lots
were made to-day on breaks, showing
that the hope of another turn has not en-
tirely died ont. Provisions failed to sus-
tain Saturdays figures, although their loss
was not large. The car lots showed heavi-
er receipts than at any time during last
week, being S5 cars of wheat, 587 of corn,
IA of oats, 42 of rye and 81 of barley.
Shorts were not covering to any great ex-
tent to-day. 1t was noticed that the storm
which is responsible for the early rally also
interrupted telegraphic communication
considerably and doubtless shut out some
trading orders.
The Cincinnatti crowd, which
attempted to get hold of
May corn last week, was heavy
seller of that article to-day. High price
prophets are now scarce, and the bsars are
very jubilant. The feeling at the close Of
the day was steadier than at any other
time, but there was no attempt to raise
prices.
In wheat on the board an active specu-
lative business was transacted, and an ua-
settled feeling prevailed. The market
opened frmer, and early prices ruled 80
1c higher than the closing figures Satur-
day, which Improvement was attributed to
an urgent demand influenced by the sud-
den change in the weather, which was cold
and wintry. The advance prices, however,
brought out free speculative offerings, IN
der which the market began to weaken.
Prices eased off gradually at first, but as
the desire to sell increased, the decline
was more rapid and prices on all de-
cIIned 15ic below the outside prices
reached, iuctuated and finally closed
about sc lower than the closing
figures Saturday. The receipts were quite
fair. Spring and winter wheat were very
quiet to-day. On call the demand was
quite active, but there was no material
change in values. May closed at $1.O94
@1.O958.
Flour sold very dull, with bat few buyers
in attendance, and dull and neglected
market. Prices were nominal, and it was
difficult to establish quotations, buyers even
refusing to look at samples. Bran and all
millstuffs were less called for, but being in
light supply were holding quite firm.
In corn trading was active in a specula-
tive way, but the shipping demand was
limited. The feeling developed was unset
tied and prices irregular. Early in the day
the market was stronger and prices h@Mc
higher. The offerings to sell, however,
were liberal, and the feeling became weak,
prices declining, with only slight fuctua-
tions, 14@2c below outside prices,
and closed 1c lower than the closing
figures Saturday. The receipts were
fair and foreign advices quoted dull feel
ing. No. 3 in fair demand and receipts
dated March II and since closed at about
5618c. Receipts dated March to 16 in
elusive ranged &c less, and round lots of
regular quotable same as March. The
lower grades ruled dull and lower. Some
demand existed for rejected, which sold
about 1lc lower than Saturday. New
mixed ruled very dull, and 1@115c lower.
But few orders were on the market, with
limited sales, and closed with buyers out of
the market. New high mixed also closed
dull. Sample corn in good supply but
very dull, scarcely any orders on the mar
ket. The late bull leaders were Offering to
sell in large blocks and shading current
prices in order to effect sales. The inspec-
ton was also better than usual.
In the afternoon there was a
moderate activity and a trife bet
ter tone and 75c better figures were in
most cases granted. Over 100000
bushels of May sold on the call at $500
&c. and 100000 bushels July at 5S1k6
$500. Trading in other futures was
lighter.
Speculative trading in oats was fairly
active. There was brief period of firm
ness early in the session when other mark
cts were higher but the market subse-
uuently collapsed, declined 16c from out
side prices, and closed 580Mc below the
closing of Saturday and feeling weak. A
good many sample lots had to be carried
over, for the demand was of a restricted
order, while at the same time ther,
were larger offerings. Prices were weal
and lower. This feeling continued through
out the day, further concessions of 16@4c
and even more on late sales being granted
during the afternoon, with an abundanc.
of offerings.
Rye was dull and lower, with little cal
for cash, and after the first sales liberia
concessions were made on all futures
During the first hour there was some trad
ing in May at 6419@65c, the latter being
slight advance, but later on, buyers were
hard to find at 1Ac lower figures while
sales we're made at 62c in the afternoon.
Barley was inactive, and outside the sal'
of a few sample cars nothing could b
done Speculation was neglected for al
grades. Samples were going out slowly
and lower prices had to be accepted when
any kind Of sale could be effected
with the poorer cars of the grades in