Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-26
Quite A TUMBLE.
The Chicago Grain Markets COnsiderG-
bly, Lower Yesterday.
FAILURE OF HEAVY OPERATORS
Causes Rush to Sell, Which Knocks
the Pins Away.
WHEAT AND CORN DEPRESSED,
And Provisions Also Considerably
Shaken Up and Down.
A DULL DAY on WALL STREET.
Nothing OF Interest and No Money to
be Made in Stocks.
AND CORN DEPRESSED,
And Provisions Also Considerably
Shaken Up and Down.
DULL DAY ON WALL STREET.
Nothing Of Interest and No Money to
be Made in Stocks.
CHICAGO.
Especial Telegram to the Globe. I

'change were only moderately active to-
day and lower prices prevailed all along
the line. Wheat opened firm and 10 high
er. but the Liverpool dispatches were un-
favorable. There was also less support in
the shape Of buying orders, and a weak
feeling soon developed, prices fell and the
volume of trading during the last hour of
'change was rather moderate, the bears not
showing much disposition to sell short
Buyers for an advance were scarce. There
was,however, free unloading by the longs,
some of whom were discouraged at the
better crop reports. About noon the news
of a heavy suspension on the board in
creased the unsettled condition. Handy,
Richardson & Co.'s trades were closed out
under the rule. They held a large line of
June and July wheat which was thrown on
the market, together with offerings by.
scalping dealers who hastened to realize
before further break. Prices could not
be sustained, and the weakness was in
creased by a report that Armour
who is the leader of the longs,
was unloading. However, better demand
sprung up at the reduced figures, and Ar
mour's brokers again became buyers. Part
of the loss was recovered but not only was
the early advance wiped out but 1c more
for all futures. At o'clock values were
15 to sc lower than at that time yes
terday, and at 3 o'clock IS % 70 lower
still. Call sales were only about 100000
bushels. Spring and winter wheat were
very quiet and without especial variation.
There is no important change to note in
the -four market. There was some inquiry
on local account, with the demand chiefly
for choice spring and winter wheat -four.
Exporters are making some inquiries and
selecting occasional lots, but no general
demand existed from this source.
Corn is rather quiet, but the feeling was
weaker. A moderate business was
transacted on speculative and
shipping accounts. Receipts we're
rather small, but foreign advices quoted an
easier feeling and the weather in the west
was warmer, which caused operators to sell
fairly. The N arket, early, was about Ia
38c higher, but later, after numerous fuct
uations, prices declined about q I@1c,f ,fuct
uated and finally closed 38c lower for May
June and July than the closing figures OF
change yesterday. In the afternoon, under
a somewhat better inquiry, this loss wa!
reduced to &c all around.
Cash oats were nominal. There were M
offerings to speak of, and there was littl,
or no demand. The cash business contin
ues to be about all transacted on the sam.
pie market, where most consignment
were placed on sale, and where shippers
were good receipts, and ample lots wer
in quite liberal supply. They sold fairly
though prices were slightly in favor o
buyers. The attendance of operators wa
light and speculative trading only fair
The market was steady and prices i'm
proved slightly over the closing quotation
of ofyesterday. June was about 5s@4c pre-
MUM over May, and more or less con
tracts were changed.
Rye was not so firm yesterday; sti
holders were somewhat Indifferent abou
selling. The demand was light and ry
scarce. Some consignments were he'll
against future sales, and arrivals remain
light.
Barley was in some little local demand
but there were few shipping orders to-day
Receipts grow no larger, and the demand
even if limited, is equal to the supply
The feeling is rather firmer, and forme
prices were obtainable to-day for all cas-
offerings, although there was no marke
for futures.
The offerings of hog products were quit
free, and the demand moderately active O
speculative account. The market in
general way ruled weak and prices wei
reduced on all leading descriptions, ar
closed rather tame. Shipping demar
more active, and prices slightly advance
Foreign advices showed a steady feelin
in that quarter, and eastern markets f
vored buyers. Receipts of produ
fair, and shipments moderate. Lii
hogs are selling 5@10c lower
day. In pork on the boa
there was only moderate business tr al
acted and prices easier, closing at
nearly as urgent, while there was more d
position to sell. Cash was about the sal
as May, and April quoted 5@10c under
May option. In the afternoon furth
decline was suffered, making total 10
for the day of 3O@4 4Oe. Lard moderately
tive and also weaker, easing off 1901
per 100 pounds.
The railroads running east have issued
new tariff on live stock and dressed be
The rates are on cattle from Chicago
New York, 60c; hogs, 3Oc; dressed be
SAC. All dressed beef will be billed ST
ject to minimum weight of 2O,C
pounds.
Navigation is virtually opened. I
movement of grain out of Chicago "
begin this week. Shipments by rail ,
also increasing, and stocks will now
rapidly reduced. This should have a bu
ish influence.
Quite furry was caused on change