Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-08
Being More Favorable Have Depress-
lug Tendency.
UNEVENTFUL STOCK MARKET
Business Moderate With Light Fluctua-
lions in Values.
CHICAGO.
Especial Telegram to the Globe. |

lower range of prices.
Wheat was reported quiet and unchanged
in Liverpool and the weather was cold, but
prices were lower in New York. There
was also an absence of outside buying Or
ders, and, although prices opened shade
over yesterdays close, there was q strong
pressure to sell, and prices steadily de-
clined and closed at nearly the lowest
prices of the session.
Corn was weak and 396d lower per
quarter in Liverpool. T he receipts were
fair, the demand small, the
shorts, who had profits in their
trades being about the only buyers,
while there was considerable selling
by the longs, who felt disappointed at the
weakness in other property, and under fair
offerings by such holders prices declined
and the market was weak and sluggish
from the opening. The feeling at the
opening indicated unanimous desire to
sell, causing everything to decline. Wheat,
which opened 4@1sc higher, dropped a
cent. Corn and oats opening at about
yesterdays closing prices, declined &c
and &c respectively.
Provisions opened about PIC above the
closing figures of yesterday, and sold off
Zoe on mess pork and 1870 on lard. The
closing prices at o'clock showed a slight
recovery.
In the wheat pit moderate specula-
tive business was transacted, but under
pretty fair offerings a weak feeling de-
voIOnad md lorza.
moderate, weather bright and clear, and
market advicss from abroad without
special change. The market opened a
shade higher but soon weakened and de-
clined about 1@11sc below tbs opening
figures, fuctuates, and finally closed about
&c lower than the closing prices on
change yesterday. A fair activity was
manifested during the afternoon, but pri-
ces were further shaded 80 &c. Winter
and spriRg were weaker, influenced by the
speculative market.
most important item of news came
here yesterday by private cable. 1t is to
the effect that the estimates on the next
British whcat crop have been revised, with
much more favorable showing
for the native yield. In other words, it is
now believed that the damage and dsfciea-
cy will prove to be much less than was init
mated two or three weeks ago. The pri-
vate information from British parties yes
terday was not favorable to higher prices
On the contrary it intimated a very de-
pressed tone, in harmony with the pros
pect that the import requirements will be
much less than thought probable.
A telegram from California says that if
the wheat lands there have rain within if
teen days large crop will be assured.
No change appears in the -four trade.
In the corn pit fair aggregate business
was transacted and at times trade
VAS slow. Trading chiefly on speculative
account, with q moderate shipping inquiry
for the various goods. The feeling devel-
oped wss weaker and prices lower all
round. The receipts were smaller, although
the weather was cold and pleasant and
foreign adVices were of an unfavorable
tenor. The offerings to sell were larger.
The market opened weak and declined
40 &c per bushel, rallied trifis, fuctu-
ated and finally closed about 5000 lower
than the closing figures on Change yester-
day. No. 2 was in good req uest
Receipts dated to-day commanded pre-
MUM of about 70 over gilt edge as they
would carry into Nay for 115c less storage.
Round lots of regular quotably same as
March. Rejected in fair request and 1c
lower, with sales at 49@50c depending on
location. New mixed lower and in fair
demand. Sample corn in fair request, es-
pscially when of good high color. Prices.
however, lower. There were scarcely any
buying orders and everybody nearly want
ed to sell. Quite a demand sprung up
during the afternoon and the feeling be-
came trife irmer, closing board figures
being we'll maintained.
There was rather a slow market for
oats. Speculative operators were in light
attendance and there was not much dis
position shown to trade. The downward
tendency of other markets caused aIss a
weaker feeling for oats and there was Ia
q C decline in prices. Cash market quiet
for in store oats and trade in sample lots
not so brisk as heretofore. Future deliver
les we're quiet and dull. There was sn
easy feeling developed. Prices declined
1890 and closed at the inside. There
were but few transactions at outside
prices. Some greater strength was shown
in the afternoon trading and prices were
steadier.
Rye was dull and easier. There was no
outside demand and the speculative de-
mand was reduced, owing to weaker mar
kets for the leading cereals.
Barley, again very quiet. Prices so far
as could be learned were without essential
change.
The offerings of hog products we're quite
free, and the demand was active on srecu-
lstive account, especially from parties who
desired to provide for outstanding con-
tracts. Prices were on a declining scale
throughout the greater portion of the day,
and the market closed tame. Ship
ping demand fairly active, chiefly on
orders from the South. Foreign
advices were less favorable to holders
Eastern markets were easier and prices
favored buyers. The receipts of prodact
were moderate and the shipments quite
IiharaJ of all kinds The inouirv for rress