Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-03

A Stronger Feeling in Corn and Prices
Firmly Maintained.
FLOUR WHOLLY FEATURELESS.
Provisions in Good Demand and Higher
The Stock Market Dull.
CHICAGO.
Especial Telegram to the Globe. !


we'll maintained the trading on change to-
day was less than for any day within q
considerable period. The trading was al
most wholly local. There was no demand
from outside parties except to fill shorts.
The markets were slow and during most of
the session a tame and Indifferent feeling
prevailed among operators. Fluctuations
were confined within a narrow range ex-
cept in the oats market, which had opened
weak and slow under the rumor that the
clique who are manipulating this grain
would make large deliveries on April con-
tracts, but their failure to do so caused a
stronger feeling and a substantial rally.
There was very little activity in wheat
to-day. The feeling was generally rather
firm, and at the close April was about the
same as on Saturday, May 18c higher, June
35c higher, and July 3ssc higher. The
business was chiefly local, outside orders
cutting but small figure in the trade.
Early il the day there was fair specula-
tive demand and prices improved some
then weakened to Saturdays closing, but
later again advanced, largely in sympathy
with the better feeling in corn sales and
provisions, selling up about 15c, then fell
off and closed rather easy. Operators were
evidently disposed to a ait developments,
and showed little disposition to trade.
The receipts were fair and foreign advices
indicated a quiet and easy feeling.
Winter and spring were quiet and steady,
very little of the former being offered.
ElOur 6ulJ av1 +bara ruoe NO
provement or any prospect for a better
business, with home buyers hardly looking
at samples, and outside orders have been
withdrawn or the difference is so wide
that there was no prospect
for getting together. There is no present
chance for any reaction or any better
showing for some time, with a big eccu-
mutation of stocks at all points here and
in Europe, while the demand is seemingly
light and the usual quantity was not being
used. Still, consum ption is going on as
much as ever. but it has been the unusual
heavy production and the overstocking of
all markets, together with the entire lack
of speculation and the refusal on the part
of spectators to stock up at the prices de-
manded and the poor prospect for the fu-
ture of the trade. Our home buyers are
only taking enough for immediate wants
and are making the miller carry the stock
while the prices are so wide apart between
the miller and the regular buyers that
there is little prospect for them to get to-
gether and bring about any activity, and
certainly not while so much is going for
md
ing on sales in all European
markets. The finer qualities are the most
firmly held, while there has been some
movement in the lower grade stock that
cannot be held. Rye flour was going out
slow and to light quantity. Buckwheat
-four could not be sold at any price. Bran
and all mill-stufs were in better supply,
still selling readily and at firm prices.
Corn was rather active, opening at the
closing figures of Saturday, sold up trife,
but became easy under free offerings, and
declined 12c, improved some, then ruled
tolerably steady for a time, but near the
close there was increased activity, and
prices took a sharp up turn. May selling
&c over the lowest point, June, &c over,
and July, 20 over, then eased off about
35c, and at the close April was 115c lower
than it closed on Saturday, May
&c lower, June unchanged, and
July &c higher The July
option was generally in better request than
usual and ruled 2@238c over May. The
receipts were liberal and ad<ices from
abroad generally of an unfavorable tenor.
In oats the September market was &C
tive. There was slight decline early from
Saturdays closing prices. Liberal de-
iveries were made on April contracts, but
this made no increase in cash offerings,
and with the receipts also light there was
soon good demand. Shorts in some
cases sought to buy, and longs were in
clined to lend their influence in strengthen
ing the market. The result of this was
115c advance over inside prices for the
near futures, and although the market re-
ceded lc it maintained firm. The de-
ferred futures we're 15@24c better. Cash
oats scarce and quiet. Car lots of No. 2
sold at 42@ @4215c. Sample offerings were
all picked up and they also ruled firm.
Rye was quiet with prices q shade lower
in the late trading. The deliveries on
April contracts were quite liberal, but were
finally mostly transferred to May.
There were few transactions in No. 3
barley, and the prices at which the sales
were made indicated steadinsss. The Of
ferings continued only moderate, though
the receipts to-day were somewhat larger.
Samples were doing better for all qualities
and gong off quite readily.
The demand for hog products was mod
erately active and the offerings rather
free. Prices we're shade higher on the
whole range, and the market closed with
considerable steadiness. Speculative in
quiry fair, shipping demand only moderate
and orders confined to small quantities.
Foreign adYices indicated steady feeling
in that quarter, and the Eastern markets
were comparatively steady. The receipts
of product were fair and the shipments
were quite liberal. The deliveries on April
contracts were quite liberal, and the stocks
reported showed good supplies On hand.
The inquiry for mess pork was moder-