Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-13
Opening Strong but Declining and
Closing Lower.
LIVELY DEALINGS IN STOCKS.
With NOrtfWesterns Holding Firm
and Advancing.
CHICAGO.
Especial Telegram to the Globe. ]

erably weaker than yesterday. The last
sales on the board of trade were at about
the figures prevailing at 10 o'clock yes
terday, but the afternoon tendency was
downward instead of upward as then. The
feeling at the close of the day was quite
easy.
Wheat on the board was active, prices
changed frequently, and fluctuations were
sharp, the whole range of the session hav-
ing been about &c and at thei close May
was about the same as it closed at one
O'Clock yesterday, June 1sc higher; July
was unchanged. There was a sharp up
turn yesterday afternoon, and this morn
ing the first sales were at fully 1c ad-
vance on the closing prices at 1
O'Clock yesterday, ruled strong under an
active short demand and liberal specula-
tive inquiry, sold up &c from the open
ing, then became weak and fell irregularly
&c, improved 1Ic, then dropped &c from
the highest point, and closed weak.
The strength in the market brought
out an earnest inquiry from
shorts, and buying orders on speculation
came in quite freely, confidence being in
creased by the discouraging nature of the
crop reports, but when these were filled
the market became slumpy. Afternoon
values were lower, sales on call being Ia
15c off from 1 o'clock quotations, May
closing at $1.04%@lo5. Sales we quite
large, aggregating 1,285,O00 bushels dis
tributed between May, June and July. The
receipts were smaller. Winter wheat con-
tinues quiet and steady, with both the de-
mand and the offerings limited. Spring,
owing to small offerings, was also quiet.
Flour shows no change for better or
worse.
In the corn pit large business was
transacted and the feeling was unsettled.
The market opened strong and about 20
lie higher than closing figures on Change
yesterday, and under a sharp demand,
largely from the short interest, prices
were advanced an additional 30 &c per
bushel. At this improvement the specu-
lative offerings were largely increased,
and as the demand was less urgent the
market became weak and prices receded
1A@l58c per bushel from outside prices,
II
for June and $5c higher for July than the
closing figures on Change yesterday. The
receipts we're smaller and foreign market
advices more favorable. No. was in good
demand. On the call prices were ia &c
lower; 100000 bushels for May delivery
sold at 53B@5415c.
There was fairly active speculative
Ir1c5r 4 b. ! L. IA
prices. Prices for all futures advanced
early, when other markets were higher.
The course Of leading cereals was, in fact,
the main influence in governing prices for
oats. for when wheat and corn subsequently
declined most of the advance for oats was
also lost. Late in the session the market
was quiet and easy. There were no in
store cash offerings. Consignments were
about ali held on track, and the sample of
ferings met with good demand
and ruled firm. Future deliveries were
fairly active early and prices advanced to
12@1c over yesterdays closing. Later the
market ruled quiet and weak and all of the
advance was lost.
There were no receipts Of rye to speak
of, and cash was scarce, Speculative
offerings were also very light. Market
firm, but demand also rather restricted.
Future deliveries were firm and slightly
better. The offerings were very small.
In barley nothing was done aside from a
light sample trade. There was moderate
demand for sample lots, with supply
enough to satisfy the wants of buyers
Prices were quotably steady. On the reg
ular market there was not heard either
bids or offerings. The prices were nomi-
nal. There have been no sales of No. 3
for so long time that there is no quota
Bile market for this grade.
A moderately active business was re-
ported in the market for hog products,
but trading was almost exclusively on
speculative account. The receipt of hogs
were not very large and prices ruled easier,
which exerted considerable influence in
checking any material advance in prices.
The offerings for future delivery were
liberal. Prices ruled a trife higher in the
day but gradually settled back again,
fluctuations being confined within a mod
crate range. The inquiry from shippers
was moderate, and orders restricted to
small orders for special articles. Foreign
advices showed a comparatively steady
feeling in that quarter, and the Eastern
markets were without material alteration
The receipts of the product were not very
large, and the shipment only for the sea.
son of the year.
The offerings of mess pork were fair
and the demand moderately active on
speculative account. Shipping demand
moderate in way of filling small orders
Prices were 21a@5c higher early, but
gradually declined 10@121sc and closed
steady.
The demand for lard was fairly active
on behalf of the speculative interest, and
offerings were liberal. Shipping and re-
fining inquiry rather light. Prices ruled
somewhat irregular, and during the latte
part of the session declined 5@1Oc per 1O(
lbs, and closed easy. In the Afternoon
products were moderately active and
steady.
Ten thousand live hogs were received to.
day, of poor quality, and found weak anc