Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-05
ND PRICES CLOSE FIRMER.
Provisions Somewhat Easier and in Good
Request.
REGULATION ON WALL STREET.
The Assault Oil the New York Central
Northern Pacific Strong.
CHICAGO.
Especial Telegram to the Globe. ]

about large volume of trade. Values
we're controlled exclusively by local man
ipulators. Both tho weather and the con-
dition of other markets favored higher
figures, but in the face of this severe de-
clinewas suffered. Wheat became buoyant
later and fully recovered, but corn failed
to regain its loss. Oats were dull and
easy, although improving late in the day.
Rye maintained yesterdays appreciation.
Barley was lifeless. Provisions followed
the grain market, and on the reaction
from the early weakness passed above yes
terday's closing quotations and scored an
other advance.
Crop reports received continue to be
very conficting, but do not disturb the
previous conviction that the shortage the
present year viii be LARGE, This is seen
in the STEADY appreciation Of the more de-
ferred ruiures. for which a sharp
demand as sprung up to
the neglect Of other trading. A sale
of 100000 bushels q wheat for delivery
next January YES made yesterday at $1.20.
This condition OF the market is very I'M
usual at this time of year. There is
tendency among eastern operators here to
realize present prices, but as yet the local
crowd show no disposition to call halt
or dispose of any of its holdings. Until
this element is ready to sell, there is little
probability of any serious break in values.
The amount of wheat carried by Armour
alone is now calculated at 100000 bush
els, or as much as there is in store here.
On the regular board to-day trading in
wheat was active, and the feeling unsettled
and weaker during most of the session,
but later recovered and closed strong. The
receipts continue small. The weather was
cold and threatened rain, and foreign
advices quoted a strong market
but Notwithstanding the nature
of these influences the market ruled lower.
With the opening of the market the offer
ings to sell were large, and the market
commenced to weaken with the weakness
more marked later under a general pres
sure to realize. The opinion began to pre-
vail that some of the prominent longs
were selling, and had sold freely, and this
influenced operators in selling. Late in
the session prices advanced sharply under
an active demand. The market opened at
about the closing figures of yesterday.
ruled weak and declined 1@1hc, then raj
lied about 11591llc, iuctuated and finally
closed from $50 $8c higher than the clos
ing figures on change yesterday, the large
figure being for the more deferred options.
Kershaw & Co. and one or two other of the
Armour party were selling early to SOM
extent, but the idea prevailed that the
sales were made to induce a weakness to
buy back again lower.
The -four market was without particular
change from yesterday; business was
light for all grades, with fair call from
the home trade, and buyers were willing
to pay the prices demanded, but with ship
pers and exporters out OF the trade almost
entirely, and no quantity could be sold.
Dealers were holding very firm and have
light stocks to work from. Rye flour low
bran and all mill stuffs were in liberal sup
ply and going at lower prices, with bran
selling off to $12@12.25 per ton.
There was an active business in corn,
but at decidedly lower prices, May closing
about &c less than yesterday, June 58c
lower and July sc lower. The market
opened dull and about 1{c below the clos
ing figures at l O'Clock yesterday, and
under heavy pressure to sell, and in
sympathy with the break in wheat,
prices were very weak, selling off
&c on May, 1Mc on June,
&c or July and IS on August. Afterwards
there was better tone as wheat improved,
and May sold up &c, juno &c, and Aag-
ust 70, ell The futures closing firm. The
receipts were only moderate, and foreign
advices favored the bulls, but sellers were
more numerous than buyers.
The oat market broke down heavily dur
ing the early part of the day, and there
was quite rush to sell all the near by fu-
lures. Cash in store oats slumped off 1c
and the speculative market suffered Sc
vereiy, but about noon there was a better
feeling and the larger part of the loss was
recovered.
Rye was in good demand with more buy
ers than usual at prices medium between
those current on the board and on call yes
teTday.
Barley was hardly selling at all with the
cash offerings going slow at any price, while
few were willing to name price for fu-
lures
A good speculative business was report
ed In the market for hog products, and the
shipping demand also showed some i'm
proVement Offerings were rather free,
especially for future delivery. At opening
the market was rather easy, and prices
declined temporarily in sympathy with
the weakness in grain. During the latter
part OF the session, the market in general
way exhibited more strength, and the re-
duction was fully recovered. Foreign ad-
vices showed weaker feeling in that
quarter, and bacon was quoted Cd lower in
the Liverpool market. Eastern markets
exhibited no material change. The recein+s