Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-15
WHEATAND CORN A sHADELOWER.
Provisions Moderately Steady, With
Good Demand and Active Trade.
WALL STREET WITHOUT FEATURE
SpecuIatiOn Almost at Standstill Be.
cause Of the Absence Of Big
Traders.
CHICAGO.
Especial Telegram to the Globe. I

couragement from the big bulls would
have put August wheat up close to $1.20
to-day. The first sales were at a good
appreciation over Saturday, and the feel
ing was quite buoyant. Shorts were free
buyers. There was, for a short time,
quite a rush of outside orders, and the
crowd of tailers who are on tie lookout
for points from the Armour syndicate, was
eager buyers on report that the leaders
were ready for a general upward N owe
ment. AS this expected raid failed to
maaterialize, and the foreign orders were
soon exhausted, values receded. There
was a considerable increase in the offerings
during the last half of the day, and this
caused the first rumors to be reversed.
On the board the wheat market was
active on speculative account and irregular.
At the opening there was an active demand
and prices 10 sc higher, but under lib
eral offerings weakened and prices declin-
ed 1914c for various futures, iuctuated
and finally closed about 5000 lower than
the closing figures Saturday. The market
just before the close developed a weak
feeling.
more favorable for both winter and spring
wheat, although it is yet too early to form
any estimate as to the yield of the latter,
excepting only from the probable acreage.
A telegram was received on change that
sample of new wheat had been received at
Cincinnati from Georgia, cut May 3,
and threshed on the 6th. The weather re-
cd 10 nj
small. There was very little difference in
prices during the afternoon, but the feeling
became steadier and holders asked shade
more toward the end.
Corn, although following the leading
market in its Quotations, showed more
strength, and its final reaction was less
severe. Trading was again quite active
both on speculative and shipping account,
and prices ruled higher. Receipts were
larger but were for 48 hours. Outside
buying orders were numerous and trade
active. The market opened about 10 PC
higher, and rallied an additional
lie but later when the
most urgent orders we're filed and the
offerings to sell we're increased the market
became easier and prices receded 58@Ic,
fuctuated and finally closed on the board
&c higher than the closing figures on
Saturday. Although the after board trad
ing was not large, prices held steady
through the afternoon. An element of
strength was the continued cool weather
and reports that the planting is progress
ing very unfavorably, and that some of the
seed is rotting in the ground.
Oats little more than held their own.
There was a strong market for May, which
was 4@$8c higher. Offerings were light.
and ruled 15@ &c higher, but there was no
particular strength to the market and the
improvement was lost. Speculative trad
ing was only about fair. The cash in store
market was inactive. Only car or two of
No. . was offered. Demand light. Sample
trade was fairly active. Owing to larger
receipts the supply was liberal. There was
a good demand. May was strong to the
close.
Rye was very quiet. There we're large
receipts; still the offerings we're small, the
consignments presumably being held
against contracts. There were not many
speculative orders on the market, and the
shipping demand was slow. Values weak
ened on the call. May selling at Csc.
Barley was dull. There were increased
sample offerings, and The demand was
Some concessions had to be allowed in or
der to sell, and even then some lots had to
be carried over.
Very little was doing in the -four trade.
The stocks at this point have been light all
spring, but with plenty near at hand when
it was possible to sell and deliver on short
notice, but with higher prices
for wheat bringing about a
demand for an advance for -four which
buyers were unwilling to pay and would
or could not Go on shipping account. The
local trade were buyers of the better fam
lily and bakers brands at fully previous
prices, being out of stock and willing to
stock up for the near future, having
little confidence as to the continuadce OF
high prices, but they were not willing tc
take the chances of being entirely out OF
stock. Shippers as general thing had nc
buying orders whatever, or for anything
but lower grades, and advices are that al
European markets are full of American
-four, and have no occasion to order when
they can buy the same brands at home al
less money.
The demand for hog products was fairly
active and the offerings moderate. Prices
ductuated considerably within a small
range, and showed very little change from
those OF Saturday. Spectators were moi
inclined to do much business, and shipper.
favored the market with few orders. East.
ern markets were without change. Re
ceipt5 of product were fair and shi pments
not very large. The demand for mess
pork was only active, ond offerings were
fair. Prices favored buyers slightly anc
declined 90 l0c in the whole range. CLOSING
steady at inside figures. The inquiry fo
lard was fair and the offerings were fair
Prices ruled about the same as those chr
rent Saturday and closed steady at loves