Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-06
CHICAGO.
Especial Telegram to the Globe. I


Influenced by the steady accumulation of
stocks, taking the place of leader lately
occupied by wheat. The day opened on
change excited and weak, everything be-
ing lower. Oats were steadier toward the
close, but only at a considerable decline.
Provisions made one attempt to rally, but
were not sustained. During the afternoon
an active demand from satisfied shorts and
those who thought bottom had been
about reached, checked the break and in
duced fractional recovery.
On the board wheat was fairly active,
but not as at the close. May was about
3sc lower than yesterday, June &c lower,
July &c lower. The market opened weak at
| 5s@15c below the closing figures at l
O'Clock yesterday, ruled weak and fell off
irregularly 115c, afterwards improved Bc,
then weakened, afterwards changed some
what, and closed tolerably steady. The in
fuences in operation were largely local,
and the disposition to sell was very gener-
| al, with buyers reluctant and cautious.
Call prices were generally 1s@
&c better than those pre-
vailing at 1 o'clock, May ending the
day at $1.07B@1.OS. A million bushels
| found purchasers on the call at these en-
HANGED figures. A fair business was done
in spring wheat to-day but at lower prices.
Winter was quiet and nominally lower.
Flour continues slow, and there was
little demand for the stock at any price,
and offerings to sell at considerable re-
duction failed to bring about any demand
or to help in working off the lots on sale.
| A few sales were made to the home trade
at about 25c per barrel decline.
Corn was active, but decidedly weak and
lower, and at the close May was &c lower,
| July &c lower. The first sales were at 1%c
decline from yesterday, but there was a
| general rush to sell, with little demand,
and under the competition to get rid of it
prices broke off irregularly about l 1ac
from the opening, but then recovered
| some. Confidence seemed almost entirely
destroyed, and the longs who have not
been holding on for the past week in hope
of some reaction, seemed to have made up
their minds to accept the situation, and
| sold heavily. The difference in the futures
widened, and at times some were IL
over May, aad July Sc over. Car lots of
gilt edge No. 2, sold early at 5214c, but
finally fell to 81 &c, closed at 5124c. High
mixed sold 52@5234c. The sellers who
were unloading continued to throw large
blocks onto the market during the after
noon. but an active inquiry sprung up at
the decline, and the feeling became decid-
eddy firmer, with 4@3sc of the above de-
cline recovered. The transactions on call
were unusually heavy, aggregaGing $780,
| 600 bushels, over million being for May
delivery, which closed quite steady at 54115
| @548c.
Oats were easier, and early in the day
there was quite break in prices, with a
rush to sell bringing about decline of 1c
per bushel to working back later, still re-
sulting in something of decline from
| yesterday. No. 2, cash was hardly traded
in at all, with regular about 39%@4O4c,
while fresh was about 42c. Samples were
in light supply and going out quite well,
with the demand sufficient to take all that
was offered. The decline suffered was
about 15@1c, but this was more than half
wiped out before the close.
Rye was inclined to dulIness, even at a
concession of 15c all around. Very little
was done either for cash or in the way of
speculation.
A quiet but rather steady feeling pre-
vailed in the barley trade, and prices were
| steadier. The transactions were small,
and the cash property was selling entirely
in the sample market, the futures being en-
tirely neglected.
An unsettled and weak feeling prevailed
in the market for hog products during the
greater part of the day, and lower prices
were accepted on all the leading articles.
Foreign advices were unfavorable, and
lard and bacon were quoted Sd lower,
| while the hog market was weak and lower,
| which circumstances tended to slightly in
crease the offerings of product on specula-
tive account. Eastern markets were with
out material change, though prices favored
buyers to some extent. Shipping demand
moderate, and the inquiry was chiefly for
small quantities. The receipts of product
were fair, and the shipments were quite
| liberal.
The demand for mess pork was fairly
active, and the offerings were quite free.
Prices ruled weak and declined 10@15 on
the whole range, and closed steady at me-
dunn figures. Demand for shipment
rather light. Cash quiet. May was in
good request and offered rather freely.
The inquiry for lard was moderately
active and the offerings were liberal.
Speculative demand good for the more
deferred deliveries. Prices declined log
1870 per 100 lbs. and closed rather tame
at medium figures. Cash in light request.
The afternoon trading brought about an
| improved demand and a steadier market,
pork bringing 215@5c more than at l
o'clock. About $1,000 live hogs arrived
| to-day, and found slow sales at 10c less
than on Wednesday.
NEW 10PE