Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-17
OTHER GRAIN AND PORK WEAK.
The Bears Highly Elated at the Sue
cess of Their Raid.
TRINGENT MONEY IN NEW YORK
Leads TO q General Reduction in Prices
on The Entire List.
CHICAGO.
Especial Telegram to the Globe. |

CHICAGO, Marcn 1O.-Ino DOuCOm 1ell
out of the grain market to-day. The yisi-
ble supply reported showed considerable
increase for the week and good weather
and weaker foreign markets exerted de-
pressing influence on corn and wheat,
which opened higher than they closed
yesterday. The first sign of weakness was
the signal for a big bear raid. Several
million bushels of grain we're thrown on
the market and the prices receded notch
'fter notch. In the afternoon whatever
strength remained disappeared, wheat
corn and oats being demoralized
and dumping off abruptly. Provisions
ruled lower during the day in sympathy
with grain, although their loss was not
considerable. The crowd that claimed to
be interested in May corn sold heavily to-
day.
On the board the business transacted in
wheat was good. Early in the day the
market was frmer and prices about 70
higher, then weakened under fair offerings
to realize, and prices declined about 1c,
recovered again 58c, fuctuated, and
finally closed A@B lower than
the closing figures on change
yesterday. Receipts fair and market
advices from other points without special
change. In the afternoon the offerings
were away out of proportion to the de-
mand. q Everybody turned seller. The
transactions on the call board were unusu-
ally large, a lively business being done at
M@1c lower than on the regular board,
making the net loss for the day 158c.
Three-quarters of a million bushels of May
wheat were unloaded on the call at $1.1OR
@11O3I. Winter wheat ruled quiet and
steady. In the afternoon a sale of No. 2
red May was reported at $1.12l4. Spring
wheat was in fair request and held rather
firm.
Flour showed no change, prices being
nominally the same, although buyers are
lowering their limits somewhat.
Corn suffered more severely than wheat
to-day, ending the day &c under where it
began it. On the regular board, fair
speculative demand existed with the feel
ing a little unsettled. The receipts were
fair, the market advices from other points
without special change and the influences
governing the market were mainly local.
Early in the day prices were 1591lc high
er, then became easy, declining a trife and
toward the close ruled very weak and de-
clined 1$8@115c, fuctuated and finally
closed 1 &c lower than on change yester-
day. No. . and high mixed met with a
good demand. Rejected was in quite fai1
request. The feeling was very feverish
during the afternoon and at times a good
deal of excitement existed. At the opening
prices were 1c off, but rallied &c, fell of
118c and closed a good &c under yester-
days figures. Some heavy trading was
done on all,85O,OC0 bushels of May chang
ing hands at 59%@6O4 and 25O,OOO bush
els of April at 5335@5315.
During the morning trading oats were
quiet, with cash in store about inactive
owing to the limited extent of the offer
ings. Bids were reduced &c below yester
days market. The speculative marke
opened a trife higher, but reacted in sym
pathy with other markets, being easier
Sample oats sold we'll early
and ruled firm, became a little
slow later. The offerings were slightly
reduced, for there were smaller receipts
At the opening prices of futures were lit
tie better. There was a subseq quent reac
tion, when the market ruled quiet, ant
steady. Finally the market became weak
with fair offerings and little demand, anG
closed 5@Ic lower for the principal de-
liveries. In the afternoon a serious break
occurred, first sales on call beng s. undel
the figures prevailing at 1 o'clock. A fur
ther decline of $50 followed, and the da,
ended with oats selling 1 Il under Mher,
they closed on Thursday.
Rye was too dull to be affected by tn
tumble above, and May was quite nomina
at 6715c, but in the afternoon sales were
made at 654c.
There was no trading in barley. Th
demand has been seldom so light as now
The excess in the visible supply of grail
here since the report of "a week ago
1894, ,124 bushels of wheat, 513,457 bushel
of corn, and 1O7,937 bushels of oats, t,
which may be added 34,Ss1 bushels o
wheat, 199, ,1O5 of corn, and 1898 of oat
the shipments.
The demand for provisions to-day We
only moderate, and prices ruled lowe
The speculative inquiry was fair, and tt
shipping demand quite active, especial
on foreign account Eastern marke
Fere reported quiet, and foreign advance
showed no material change. The receip
were fair and the shipments liberal. POI
was in moderate demand, but offered fre
ly, and declined 2Oc during the day.
Lard was in active request during IL
later hours, but ended the afternoon 121<
under yesterdays prices. The feeling
the grain market caused the weakness
Live hogs were held still sitter. The 10
900 of fair quality received to-day so