Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-11
Provisions in Good Demand, and Prices
TClerably Steady.
ABEAR WALK.OvER IN WALL ST.
A Raid on All the Leading Stocks in the
Entire List.
THE CROP RETURNS FOR MAY.
A Shortage Of Over Seventy Million
Bushels OF Wheat-COttOn Good.
CHICAGO.
[Snecial TELEGRAM to the Globe

CHICAGO, May 12.-The day was a quiet
one on Change, but values we're shade
higher all round. The feeling in all mar
kets was quite unsettled during the first
half of the day, but became stronger toward
the last, and closed with considerable firm
ness. There was little worthy of note in
dealings. While it was claimed that some
of the larger operators had early advices
from Washington, this was not credited
and certainly nothing was divulged to
prove the truth. The small fry were sus-
picious and backward about either buying
or selling, fearing lest the morrow might
bring about decided turn one way or the
other. The publication of the report TO-
morrow will doubtless increase the trading,
as the nervous will then know better in
which direction to act.
On the board wheat was quiet, ruling
lower during most of the season. Although
prices changed frequently the changes were
moderate, the whole fluctuations having
been only about one cent, and at the close
June was &c lower, July about as at
O'Clock yesterday, August 19c higher, and
September nearly $8c higher. There was
quite break yesterday afternoon. This
morning the first sales were at 12@38c
decline from the closing figures at o'clock,
frmed up trihe, then weakened 10 IN
der free offerings, improved sharply toward
the close, and closed firm. Speculation
was light early, operators being generally
disposed to hold off and await further re-
ports as to the condition of the wheat
crop, but near the close bad weather ru-
mors caused increased activity, which
brought out more buyers during the after
noon, brisk bidding on the call causing the
June option to fully recover and adding a
ale to the advance of the other fu-
lures. It was noticed, however, that there
were pleanty willing to sell. a million
and third bushels sold on the call, as
usual mainly July, which brought between
$1.1658 9$117.
Flour was quiet and sales more than
usually light, with good call on home &C
count. for the better family and bakers
brands, but with all shipping grades dull
and buyers for export were only looking for
the lower grade stock. Rye flour was dull
Bran and all mill stutfs were in lighter
supply, and with an improved demand
were doing better, with bran selling mostly
at $11.25 per ton.
In corn, only moderate speculative
business was transacted, and shippers did
not take hold as freely, owing partially to
a scarcity of freight room. The feeling
was weaker, and prices averaged lower
Receipts continue fair and the weather IN
settled. The market opened little irmer
but soon weakened under fair offerings
influenced by clearing and warm
weather, but later rallied AGAR
under better demand, caused
somewhat by threatening and colde
weather. Fluctuations were confined within
range of about 55@2lc lower, and finally
closed about 38c lower for May, while Jun'
and July closed about same as on 'chang'
yesterday. The receipts we're seventeen
cars less than yesterday. The early DECLINE
was largely due to reports that corn ship
ped by lake had arrived at Buffalo out o.
condition, but it turned out that the stut
reported hot was rejected that had beer
loaded on vessels here early in the winter
There was very little pressure to sell, ant
in the afternoon values advanced 180 Ac
and ruled tolerably steady.
Oats were dull and easier. The casl
market was very heavy, with liberal offer
ings and not much demand, and the specu
lative market was easier in sympathy wit
the decline in wheat and corn. No. 2 casl
was quotable at about sc decline. Sampl
lots ruled lower and were slow. Earl,
in the session the speculative
market was dull and dropping ant
prices declined to 20 Is under yesterday
closings. Later when other markets i'm
proved, oats also became frmer, and re
acted to the outside prices of the da!
which were, however, about 78@ &c belo'
Yesterdays closing prices. Late in tn
session the offerings on speculative az
count became rather light, and on call tn
remainder of the decline was wiped out.
On the board rye was weaker, land there WE
15@2c decline from yesterdays on chang
prices. Demand on speculative accouI
light, and no shipping orders OF cons
ouence on the market. Arrivings fair, an
offerings generally quite free. During tt
last day or two, considerable future rye hi
been offered by longs. On call price
were higher again, and the morning veal
ness was recovered.
There was no change in the barley ma
ket.
The market for hog products was IL
clined to quietness early in the day, an
prices favored buyers. Local operate
were backward about trading, and the o
L
than usual. During the latter part of IL
session, a stronger feeling was develope
and prices were slightly improved, but IL
aggregate volume of business was SMALL
than during the previous days of the wee
Shipping demand fair, but mainly fl
special articles. Foreign advices Shove
stronger feeling, and pork was quote
Is bipher. while lard was reported {