Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-13
DULL AND LOWER.
Such Was the Condition Of the Chicag
Grain Markets Yesterday.
NO DISPOSITION TO TRADE.
Corn Unsettled, but Fluctuations With
in q Narrow Range.
WHEAT A SMALL FRACTION LOWER
Provisions in Fair Demand, but P rices
Inclined Downward.
NOT MUCH DOING IN STOCKS.
Spectators Not Inclined to Investment
Owing to Future Uncertainty.
WHEAT A SMALL FRACTION LOWER
Provisions in Fair Demand, but p riceS
Inclined Downward.
NOT MUCH DOING IN STOCKS.
Spectators Not Inclined to Investment
Owing to Future Uncertainty.
CHICAGO.
Especial Telegram to the Globe I

quiet one on change. The markets seem
to have settled into common rule of dull
ness. Even the continued favorable ad-
vices from foreign points of shipment have
no effect on matters here. It is evident,
however, that business must increase large
ly before the close of the month, and
prices take a turn one way or anoth er.
The bulls in wheat are more confident than
the corn bulls to the immediate outcome.
The increased foreign demand, large re-
duction of stocks, and damage to sown
winter wheat will sooner or later show
their influence. Large arrivals of
corn when rail transportation becomes less
difficult may counteract an upward ten
dency.
On the board there was fair specula-
tive demand for wheat, and no important
changes occurred in prices. The N arket
opened easier but after slight fluctuations
prices were advanced about 5sc. Later,
however, under speculative offerings, the
market began to weaken, and prices de-
clined A@5sc, fuctuated and finally
closed about the same as Saturday for
March and April, and 3sc lower for May
than closing figures Saturday. Buying or
| ders we're scarce again and the business
was largely of local character. Later in
the day prices frmed up trife, March
and April closing the day 1sc better than
on the board, and May regaining 1lc of
its decline. The trading on call was en-
tirely for May delivery. of which three
quarters of million bushels changed
hands, sales of other futures not being
worth mentioning. Very little winter was
offered to-day, and the demand was only
fair. Spring was quiet and weaker.
Flour continues quiet, yet the feel
ing IN the trade was one of
frmness, and all grades held quite strong
and generally above the views of buyers.
There has been no change to note in this
market for considerable time, during
which dullness prevailed and trading has
been lighter than usual, with the high ask
ing prices making quite difference in the
demand, while the heavy snow and railroad
blockade were giving us a lighter move
ment. Eastern and European markets
had an over supply early in the winter, and
were not caring to pay the advanced price
for flour after wheat had increased in
price, but it is said the East is getting out
of stock and foreign buyers have had
their limits raised and it is thought that
within the next few weeks we will see quite
heavy movement on the export account,
and greatly reduced stocks. Millers
throughout the Northwest have found it
difficult getting wheat sufficient for their
daily wants, while the'snow has blockaded
all the roads for the East and North, and
the increased prices for the wheat has
brought about demas a for correspond
! ing advance for the flour, and Indifference
as to selling, and particularly when reports
show that fully two-third5 of the wheat
had been marketed, and that there will be
no more than will be needed at home be-
| fore the close of the year. The finer fam
| lily and bakers brands were the most
sought after, and held the strongest, al
though there has been some improvement
for the grinding of lower grade wheat.
Rye -four was going out SLOW Buckwheat
| -four was quite dull, and could hardly be
sold at all. Bran and all mill stuffs were
going out readily, bringing firm prices,
with the high prices for sample grain help
ing to ready sale for the feed.
During most of the session corn ruled
quiet, and at times rather dull. But few
outside orders were received, and trade
was slower than for some time. The feel
ing was easy, and fluctuations were con-
fined within small range. The receipts
were larger. The market opened just
trife under Saturdays closing figures, and
declined 3s@15c, fuctuated, and finally
closed about 3S@1sclower than the closing
figures on change Saturday. No. 2
and high mixed in moderate request, and
sold at 554@553Sc. Rejected in fair re-
quest, depending somewhat upon the loca-
ton. New mixed steady and in fair de-
mand. The trading was largely of local
scalping nature, and the market sympa-
thized with wheat in its fluctuations. In
the afternoon there was trife more &C
tivity and prices frmed up little, Febru-
ary and April generally selling 18c better
than indicated above. while March and
May were 1lc higher. Very little corn
is yet received, but as there is good
reason therefor. this has small
influence on prices. As compared with
quotations. of week ago, the futures
excepting May are a small fraction,
&c, lower. May, which as in wheat is the
favorite of the spectators, is q C higher.
Oats were slow and easy. There were
few operators present on the market and
speculative orders were limited. There
was moderate shipping demand on the
sample market, but prices were easier,
owing to larger receipts and increased
offerings. In store oats met with no
special inquiry and were wanted only
to make up round lots. Light
sales of No. 2 we're made at 3S114c, or at
4c decline. Other grades nominal. Fine