Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-09
MhllAhI MnhhNUG.
A Better Feeling in the Grain Markets
at Chicago Yesterday.
WHEAT A LITTLE MORE FIRM.
A Good Demand for Corn and Large
Transactions.
PROVISIONS A SHADE WEAKER.
An Active Business in Stocks on Wall
Street-GOuld'S DOings.
HEAT A LITTLE MORE FIRM.
A SHADE WEAKER.
CHICAGO.
Especial Telegram to the Globe. |

Change to-day, and excepting in the pro-
vision markets, better prices were 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, $50 cars of No . corn, 81 of high
mixed and 325 of lower grades, and 1915
cars of oats. Also 1000 bushels of corn
and $500 bushel of oats by canal. Lake
freights are 3 shade higher, influenced by
the active demand for vessels, and the
moderate offerings, being to-day on the
basis of PIC for corn and 23lc for wheat
to Buffalo and &c 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 1888 bushels oats, and the, lake en-
gagemerts provided for the carriage of
268O00 bushels of corn and $4,000 bushels
Of oats.
The wheat market was less active, being
rather quiet most of the day, oFening
weak, but irming up later, and at the
close of board trading July was about the
same as at l o'clock yesterday, while
August and September were nearly I'M
changed. The first trading was at slight
reduction from yesterdays closing, ruled
weak and fell off 15@4c, but later in the
day dispatches were received announcing
heavy rains in Kansas, which was thought
to be unfavorable for the wheat crop, or
clo +al 10 in nd
became firm, and advanced about q 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
yorable 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 mainly between brokers. Yet
the feeling was steadier, and at times
fair degree of strength was shown, some
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 the
bears fearing that the bulls intend anoth-
er squeeze were not disposed to sell. On
call there was a good demand and 100000
bushels were sold at steady prices, and
10000 Of this amount was for July deliv-
cry.
10 bot, al,
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 aud exporters and ship
pers are only taking q 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
miilsbufs were going out only fairly.
Corn was active and 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 improvement.
the bulls were said to be buying to force
prices up to an unloading figure, values
closed on the board about $8c higher than
yesterday. There was some weakness
early ia the day, and prices ruled lower
than yesterday, but later there was IN
active shipping demand. Rain was
also reported in many parts Of the north
west which it was feared would check
receipts and interfere with the cultivation.
This, with the natural patty with the
frlner tone of wheat, caused
stronger feeling in corn,
June advancing &c from the lowest point;
July &c, August 1c, and September 20,
eased off some, then 1uctuated and closed
steady. In the afternoon another effort
was made by the longs to bolster prices,
but the offerings we're too large to make it
entirely successful, but under a good in
quiry an advancement of 80 &c was
made. The sales were 100000 bushels,
mainly of July. The large shipments are
tending to make operators somewhat less
anxious about forcing sales at current
prices. Oats were more active, and after a
weak opening were looking up quite
strongly for cash and all futures, re-
sultlng in an established advance of
4@38c per bushel from yesterday.
Offerings in store were more liberal,
as nearly all the No. 2 white were going IN
store, and doing better than could be had
on track. All samples were slow and sell
ing at shaded prices for the poorer grades.
In the afternoon the feeling was q shade
tirmer.
Rye was duh, and sold lower, there being
quite an effort to depress values, but to-
ward the close a steadier feeling was no.
ticeable, and there was partial recovery.
Barley was as dull as ever, the trading
being next to nothing. There was no
speculation whatever, and few sales of
cash were in the sample market on forced
sales, and at low prices ut that.
The provisions market was quiet from
the opening to the close, and early the
feeling was very weak. Later on there
was fractional reaction, but the closi %