Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-14
They Knock the Pins from Under the
Chicago Markets Yesterday.
BUT THE REACTION WAS SLIGHT.
And Prices Generally Held Their Own
to Large Extent.
LARD THE WEAKEST FEATURE.
A Good Deal Of Activity and Higher
Prices in Wall Street.
CHICAGO.
Especial Telegram to the Globe !

Especial Telegram to the Globe.
CHICAGO, April. 13.-During the morn
ing hours steady feeling prevailed in all
the markets and values were appreciated
all along the line. In the afternoon there
was tendency to react, noticeably in
wheat, corn and lard, induced by free Of
ferings from scalping traders, but only
portion of the gain in grain was lost The
first arrivals of corn and oats by canal for
the season were reported to-day, and in
spected rejected and No. 2 respectively
Ia the wheat pit to-day there was a fair
degree of activity, but prices were som E.
what unsettled, and the whole fuctuation
of the session was 15sc, and at the close
May was about q C higher than at l o'clock
yesterday, June 7sc and July 116c higher.
There was considerable weakness yester-
day afternoon and this morning the first
sales we're at 1&c decline from the closing
figures at O'Clock yesterday. 1t then raj
lied some, but afterwards, under free offer
ings, became weak and fell sc. Later
there was a sharp demand, IN
der which May advanced l1bc
from the lowest point, June 115c,
and July 1Ac, then changed slightly
and closed firm. On the call, although
there was good request, values were I0
15c lower. May closed at 6@65c. Spring
was frmer to-day with fair demand and
light offerings. Winter was quiet and
little offered.
Flour was quiet and trading light with
fair call from the city trade for the finer
family and bakers brands" but with ship
ping orders light and very little doing on
export account, other than low grade
stock. The supply was lighter than usual,
and less going forward than for some time
past. Rye -four slow, bran and all mill
stuffs were selling more readily, and bring
ing higher prices.
Corn was again active, both on specula-
tive and shipping account, and the feeling
developed was somewhat unsettled. Early
in the morning the feeling was easier, and
prices declined $S@ &c below the closing
figures on Change yesterday. Later, after
slight fluctuations, the feeling became
stronger and prices were advanced.
138@1 above the inside prices reached
for May, Bc higher for June, and 1c higher
for July than the closing figures on change
yesterday. No. was in good demand; the
outside orders were somewhat less than
on yesterday. On call values reacted 18@
&c, offerings and inquiry being equally
large. May closed at 54334 G54%c.
The feeling in oats was one of frmness.
There was fair speculative trade, and a
good shipping demand existed. Prices for
futures generally reacted from the late de-
cline of yesterday, and they closed higher,
while cash oats was also improved. A
sound lot of No. white in store sold,
placed free on board at 4615 for shipment.
The afternoon feeling was steady.
Rye was quotably steady and firm, and
with fair call for cash and for future de-
livery, while the offerings were light. No.
, cash was firm at 5715c for fresh receipts,
while sample lots were hardly to be had;
prices stiffened up after the close of the
board trading.
There was little done in barley. No
changes were developed, No. about sc
for cash and seller April.
A good speculative demand prevailed
for hog products, and the offerings were
quite FREQ. The market ruled somewhat un-
settled, and prices irregular, declining dur
ing the early part of the session, and rallied
again near the close; speculative trading
quite active, and shipping inquiry fair for
Special articles. Foreign advices showed a
steady and moderately firm feeling in that
quarter, and the eastern markets were
without material change. The receipts of
product were moderats and the shipments
fair of all kinds.
The demand for mess porkIwas moder-
ately active and the offerings fair. Prices
ruled 56 10c lower, but rallied again later,
and closed comparatively steady. Cash
quiet and steady.
The inquiry for lard was active and the
offerings liberal. Prices declined 5@ 1Oc
per 100 pounds early in the day, but rallied
again and closed steady. Cash in light
request. In the afternoon pork held
steady, but lard eased off 215@5c. Buy
ing by large operators who are noted for
their disposition to handle large lines was
feature of to-day's trading.
Only $500 hogs were received to-day of
somewhat better quality than yesterday.
They found fairly active market at un-
changed prices.