Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-09
A Good Demand for Corn and Large
Transactions.
ROVISIONS A SHADE WEAKER.
An Active Business in Stocks on Wall
Street-GOuld's DOings.
CHICAGO.
Especial Telegram to the Globe. |

vision markets, better prices we're realized.
The volume of business was hardly so
large as yesterday. The receipts were
large all around, there being inspected in
is cars of winter and 10 cars of spring
wheat, 239 cars Of No. . corn, 81 of high
mixed and 325 of lower grades, and 1,075
cars of oats. Also 1000 bushels of corn
and $500 bushel of oats by canal. Lake
freights are shade higher, influenced by
the active demand for vessels, and the
moderate offerings, being to-day on the
basis of PFC for corn and 22lc for wheat
to Buffalo and sc for corn to Kingston.
Railroad freights at SOC for
-four, sc for grain and SOC for provisions
to New York. The shipments reported ag
gregated 5,241 bushels wheat, 255,692 corn,
and 49, 1879 bushels oats, and the, lake en-
gagements provided for the carriage of
268,OOO bushels of corn and $4,000 bushels
of oats.
The wheat market was less active, being
rather quiet most of the day, orening
weak, but firming up later, and at the
close of board trading July was about the
same as at 1 o'clock yesterday, while
August and September were nearly I'M
changed. The first trading was at a slight
reduction from yesterdays closing, ruled
weak and fell off 1a@Mc, but later in the
day dispatches were received announcing
heavy rains in Kansas, which was thought
calculated to put it in jeopardy, and prices
became firm, and advanced about 81 c from
the lowest point, changed some, and closed
tolerably steady. Prices were reported
without special change in New York, but
other influences were adverse Ito sellers,
prices being lower in all The English mar
kets. There was no shipping demand.
The weather was favorable for the crops,
and the news from the Northwest was IA
vorable for spring wheat. The receipts
were also large, and the small shipping de-
mand that existed was for non-speculative
grades, and trading during the morning
session was mainly between brokers. Yet
the feeling was steadier, and at times
fair degree of strength was shown, soma
claiming the so-called New York crowd had
given their brokers orders to buy every
time prices fell below $1.13 for July.
The offerings were also small, and tho
bears fearing that the bulls intend anoth-
err squeeze were not disposed to sell. On
call there was good demand and 100000
bushels were sold at steady prices, and
100000 of this amount was for July deliv-
cry.
The flour market was without change
from previoue reports, there being quite a
light call for all grades and qualities and
the feeling was one of particular dullness,
with the home trade not bidding at all for
the better grades and exporters and ship
pers are only taking limited quantity of
low grades, and having no buying Or
ders for goodstock at near asking prices.
Rye -four was quite dull. Bran and all
millStufS were going out only fairly.
Corn was active aud stronger
under good shipping and
speculative demand. There was
however, no apparent reason for the
strength, the receipts being much larger
than the shipments, the weather favorable
and crop reports showed an impro vement.
AS there was, however, less Offering and
the bulls were said to be buying to force
prices up to an unloading figure, values
closed on the board about 3@c higher than
yesterda y. There was some weakness
early in the daE, and prices ruled lower
than yesterday, but later there was an
active shipping demand. Rain was
also reported IN many parts Of the north
TyyF,f rF, 4
receipts and Interfere with the cultivation.
This, with tbe natural sympathy with the
frmer tone of wheat, caused
stronger feeling in corn,
June advancing 35c from the lowest point;
July &c, August lie, and September 80,
eased of some, then fueiaated and closed
steady. n lAs attoguoon another effort
was made by the longs TO bolster prices,
but the offerings were tco large 20 make it
entirely successful, but under good in
quiry an advancement Of SO 10 was
made. The sales were 100000 bushels,
mainly OF July. The large shipments are
tending to make operators somewhat less
anxious about forcing sales 1t current
prices. Oats we're more active. and after a
weak opening were looking up quite
strongly for cash and all futures, re-
sultlng IN an established advance of
A@3Sc per bushel. from yesterday.
Offerings pa store were more liberal,
as nearLy al the No. . white were going IN
store, and doing better than could be had
on track, an samples we're slow and sell
inlla shaded prices for the poorer grades.