Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-22
A REACTION.
The Grain Markets Experience Another
Decided Reduction.
WHEAT LEADS In THE DECLINE.
All the Other Cereals Recede Several
Points in Sympathy.
PROVISIONS SOMEWHAT WEAKER.
Free Selling All Along the Line the
Cause Of the Loss Of Strength.
STOCKS IN NEW YORK UNCERTAIN.
The Shrewdest Operators Puzzled as to
the Future OF the Market.
SOMEWHAT WEAKER.
Free Selling All Along the Line the
Cause Of the Loss Of Strength.
STOCKS IN NEW YORK UNCERTAIN.
The Shrewdest Operators Puzzled as to
the Future OF the Market.
CHICAGO.
Especial Telegram to the Globe. |

: CHICAGO, March 21.-All that was gained
! in yesterdays rally was lost to-day, the
/ feeling being weak and unsettled through
{; out the day, and the tendency steadily
! downward to the close. Wheat was in
: fuenced by lower markets in New York
| and Liverpool and by the prospects of
| better weather. New York exports we're
reported in excess of receipts in bushels as
follows: Wheat, $1,000; corn and oats re-
ceipts in excess of exports $4,000 and 3d.
973, respectively; Barley and rye receipts
II 900 and 2,100 respectively and no ex-
ports. Reports of receipts and shipments
here showed an excess in favor of the for
mer in bushels as follows: Wheat, 1892;
corn, 246,469; oats. S64; rye, 1928 and
barley S,972 bushels shipments in excess
of receipts. New York prices were 11l4c
higher for wheat, 10c for corn and SC for
oats than here.
On the board wheat was fairly active
for May, but dull for nearly all
March was &c lower than yesterday,
April about 20 lever, May 24c lower, and
June nearly unchanged. There was some
improvement yesterday afternoon, and the
market opened rather firm this morning,
but there was quite rush to sell, under
which the market gradually fell 58c, i'm
proved 15c, again broke off quite sharply
and closed weak. A heavy business was
done during the afternoon, but mainly in
the favorite option, of which alone nearly
million, bushels changed hands on call at
| $1.O915 @I.O9M. Both the demand and
the offerings were liberal, and prices ruled
R@$8c lower than at l o'clock. The
weakness in corn was partially responsible
for the drop. Both winter and spring
wheat were quiet, the offerings being light
and the demand not urgent.
Flour continues dull, and sales were very
| light, with home dealers hardly looking as
samples, and shippers aud particularly ex-
porters out of the trade entirely or for
anything but low grade and low price
stock. The feeling was one of
weakness and previous asking prices would
be shaded, when by so doing, sales could
be made. Rye and buckwheat -four dull.
Bran and all millstuffs were selling lower.
Ia the corn market only a moderate bus
iness was transacted, and the feeling was
weaker. The receipts we're very fair and
the inspection good, nearly half inspecting
contract corn. Foreign advices were also
of an unfavorable tenor. The market
opened weaker and about 38c lower than
closing figures on the call yesterday after
noon, and later declined an additional
1Ic, fuctuated and finally closed about 10
lower than yesterday. No. was in fair de-
mand and receipts dated March II and
since sold at the close at about 55 &c. Re-
ceipts dated March to 16 inclusive,
ranged 15c less, and round lots of regular
quotably the same as March. The lower
grades were in fair demand, and there was
some inquiry for rejected. There was
brisk business in May, some after
the board session, but sellers were
plenty, and 6@4c lower figures
were readily accepted, 1,25O,OOO bushels of
the future most in demand being disposed
of at 74@8c. The chief buying seemed
to be to cover short sales for scalp.
Ia oats dull, weak feeling prevailed.
The late advance seemed to have checked
the demand. At the same time there were
orders to sell. In sympathy with dull
feeling all round prices for futures de-
cIined about &c. Cash oats nearly NOM
inaI None of account offered and de-
mand light. Sample lots were dull. The
offering owing to light receipts we're much
smaller than they have been, but the de-
mand was decidedly limited. The after
noon decline was an additional &c.
Rye was quiet and 1@115c lower, May
touching 6O15c. The receipts were light
and the feeling rather steady on that ac-
count until afternoon, when the universal
weakness had its effect.
Barley was quiet without important
change. There was really no market,
there being an absence of either offerings
or demand.
There was fair demand for hog pro-
ducts on speculative account and the Of
ferings were quite free. The market ruled
weak during the greater portion of the
session on change, and prices ruled lower
on all the leading articles. Shipping de-
mand moderate. Foreign advices
were without material change,
and the Eastern markets
in general way favored buyers. The
receipts of product were not very large,
and the shipments of all kinds quite free.
The inquiry for mess pork was moder-
ately active and the offerings were quite
free. Prices on the whole range declined
and closed comparatively steady at inside
figures. Cash in fair demand in the way
of filling small orders.
Lard was easier in sympathy with pork,
and perhaps also on account of the larger
receipt of hogs. The offerings were quite
free and the demand fairly active. Prices
were 715@121ac easier than yester-
day.
the stock yards yesterday. There was a
| rnod innnirv from shinpers but prices