Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-01
Wheat and Corn FIuetuate Within
Narrow Range and Close Firm.
PORK AKD LARD A PEG HIGHER.
Stocks in New York More Active, With
General Downward Tendency.
CHICAGO.
Especial Telegram to the Globe. ]

rule almost throughout the entire session.
Car lots were considerably less. especially
corn. Provisions opened at nearly the
closing prices Of yesterday. Inside of the
first hour of the session, wheat, for future
delivery especially, advanced a cent above
the opening, but the advance was not sus-
tanned and the market closed at about the
opening quotations. Corn and oats ad-
vanced with less fuctuation than wheat
Provisions ruled strong and closed with an
advance on pork and lard. Reports were
freely circulated that large Louisville spec
ulators and other large country holders
were short on May corn at SO a Soc and that
it is'claimed by the shorts here that this
rumor had the effect to keep up the price
of corn, and that corn was bolstering the
wheat. 1t had been quite generally
thought that wheat would sell off to-day,
and the strength shown for a time was
greater than expected.
In the market on the board an active
speculative demand existed, and the feel
ing was somewhat unsettled. At the opening
the market was weak under free offerings,
influenced, evidently, by the fine weather
and other speculative influences. The
market opened about 115c lower, and de-
clined an additional 14c. Later a better
feeling was developed under a sharp de-
mand from spectators, good many buy
ing orders, supposed TO be on eastern ac-
count, being received. This turn of the
market, together with the fact that some
prominent houses were buying literally
caused a good deal Of easiness on the part
of the shorts, who begin to buy in, and
under the demand May, which was the
leading option, sold up irregularly about
118c, eased $sc, then fiuctuated slightly
and At the close February was the same as
at l o'clock yesterday, seller April 18c
lower and May lie lower. Spring wheat
was in good demand and frmer Winter
was higher early, but lost its apprecia-
ton.
Flour continues quiet and slow, and
trading to day was more than usually
light, with a fair call from the home trade,
but with shippers and exporters out Of the
trade almost entirely and having prices
of weakness, and some dealers were will
ing to allow reduction when by so doing
sales could be made. Bran and all mill
stuffs were in light supply and doing
better.
There was fair business in corn. The
trading was largely of a local character
and prices underwent considerable fuctu-
alton, but were generally higher and at the
close cash or February was about &c bet
ter than it closed at l o'clock yesterday.
March 16c higher and May 15c higher.
The market weakened early and sold &c
less than it closed yesterday at l o'clock,
bat the decline brought out a fair line OF
buying orders, and several strong local OPP
orators also took hold, which started the
tailers in the same direction, and also de-
veloped a sharp demand from the shorts
Under the competitions prices advanced,
March selling up cent and May &c, then
eased off some and closed steady. Car
lots of No. . sold at 57@5758 for receipts
dated the 26th and since. Price of the
low grades were influenced mostly by To-
location. The receipts were fair. For
eign advices quoted a quiet and steady
feeling, No. and high mixed in good re-
quest and round lots of regular sold the
same as February.
Oats were more active and for the early
part of the day heavy advance waS OBJ
tanned, particularly for cash and the near
by deliveries, with the bullish tendency of
the grain markets bringing free buyers TO
this market and good appreciation. No.
cash was about 4015c early, to closing
at Al 18c, and more sales were noted than
usual. Samples we're in light supply and
going out quite steadily and we'll, with
higher prices paid for all quotations, par
ticularly for the better cars of white.
Future deliveries were active and decided
ly stronger, with all options sought after
and at a substantial advance, but quieting
off somewhat toward the close.
Rye was slow and little disposition was
shown to trade, cash bringing the same
price and futures held steady. But few
were willing to operate. The futures were
steady but nothing was doing.
Barley was still quiet, and very little
ruling. There has been more of a clear
ing up of the samples on sale than expect
ed. and a steadier tone was noticeable for
the whole trade. Samples sold more freely,
and the feeling at the close was better.
The demand for hog products was quite
active ON speculative account, and the Of
ferings were liberal. The market exhibit
ed considerable strength, and prices ruled
higher on all the leading articles, and the
improvement was we'll maintained Ship
ping demand moderate. Foreign advices
showed no material change, and the East
ern markets were steadier. The receipts
of product were moderate, and the ship
ments quite liberal.
The demand for mess pork was fairly &C
tive; the offerings free. Prices ruled
stronger and were advanced 100 zoe, and
closed comparatively steady. Cash quiet
and steady. May was quite actively called
for and closed steady.
The offerings of lard were rather free
and the demand quite active. Prices ruled
steadier and were advanced 21a@5c per
100 pounds and closed steady.
On the afternoon call board the nearer