Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-23
VAIL STREET STOCK BETTER.
CHICAGO.
Especial Telegram to tho Globe. !

Special Telegram to tho Globe. ]
CHICAGO, March 22.-The bulls had
quiet and slow foreign market and an ex-
cess of receipts over shipments to contend
with the American in their endeavors to
bring prices up from the slosgh into
which they had been drifting for several
weeks past. The estimated receipts in
excess of shipments, in bushels, were for
wheat 1890, corn 1924, rye S,54O.
Shipments of barley were in excess of re-
ceipts 7,498 bushels. New York exports
were in excess of receipts, in bushels, for
wheat, 100000. The receipts were heavier
than the exports on all the other cereals
as follows: Corn 1000, oats $4,000, barley
$4,000, and rye 1900. Wheat and corn in
New York were 1O18 q 1O14c premium over
the same options in this market. There
is an increase reported in the
visible supply of corn of
100000 bushels. There was more
to favor lower prices at the opening this
morning than on the other side, but a
strong desire of the shorts 20 cover, pros
poets of unfavorable weather and a report
ed advance in California wheat, caused the
price obtained on the first morning sales
to rule at an advance over yesterdays
closing figures. There was considerable
excitement and heavy calls for margins
were made and promptly responded to,
the margins called for being largely in ex-
cess of any previous day in the past three
weeks. The prompt response of holders
with their margins helped the firm feeling
materially, but it was only of short dura-
tion. Heavy blocks of long stuff
went over at the advance
and the bears began pound
ing with good effect, breaking
prices. The feeling ruled weak until near
the close, when an advance Of considerable
Importance was reported in California
wheat, and there was a general disposition
to buy at what was considered the bottom.
Everything gained firmness and prices ad-
vanced on cereals. wheat and corn showing
the strongest rally, as they had previously
declined more than oats. Provisions also
scored an advance of 15@2Oc mess pork
and lard showing the same strength. The
closing sales as compared with yesterdays
were better for everything except corn.
In the afternoon the feeling was easier,
and shaded prices were accepted.
Wheat was By all odds the strongest
market, and recovered its loss of
yesterday. There was a good busi-
ness done on the board, and the feeling
was generally firm, prices averaging bet
ter than yesterday, and closing fully 1c
better for the principal futures. The mar
ket opened strong, with quite liberal line
of buying orders to be filled. But there
were pretty free offerings, and this, with
the marked weakness in corn, caused a
temporary depression, which was followed
by increased activity, under which prices
rallied 1 &c, then changed slightly and
closed steady. One of the principal rea-
sons for the firmness was the current re-
port that the California wheat crop has
been damaged very materially by the Sc
we're drouth that has been prevailing there
for some weeks. On the call there
was moderate degree of
activity, and prices were generally a
shade better, but eased of trife before
the close. Some 100000 bushels for May
delivery were sold at $11O1561.1O56.
Spring wheat ruled frmer and met with a
good demand. Winter was quiet and firm
with little offered.
Flour is unchanged and little or nothing
is doing.
In corn trading was active to-day at
lower prices. The speculative offerings
were liberal, and as the feeling became
weak and margins became exhausted on
long corn the offerings were increased, and
during the early portion of the session
prices suffered very marked decline. The
receipts continue quite free,and more than
half of the arrivals graded
contract corn, and this tended to
have weakening influence. Foreign ad-
vices were also unfavorable. The market
opened shade frmer, but soonI after the
opening prices took downward course
and declined in all q c for the leading fu-
lures below the early outside prices, thsl
rallied about &c under a better demand
and influenced somewhat by the frmness
in wheat, fuctuated and finally closed 58s
lower for May and 1sc lower for April thar
the closing figures yesterday. No. 2wa:
in good demand and receipts dated Marct
i ana SluC0 ClOS0u dOOub Cf/2Os 1sOCC1pts
dated March to 16 inclusive ranged ~
less, and round lots of regular quotablt
the same as March. The lower grades in
fair demand. fair demand
existed for rejected. During th'
afternoon figures 16@Ac lowe
were accepted for the more deferred deliv
cries and 100000 bushels of May brough
574@5715c on the call.
In oats fair speculative business wa
done, but cash trading was light. Ship
ping orders were moderate. The specula
tive market was a little unsettled. It open
ed firm and for some deliveries as light i'm
provement was noticed. A temporar.
weakness followed and prices de
clined to 1{@15c under yesterdays OF
Change closing Sellers were rathe