Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-09
Despite the Fact that the Weather is
Bad, Causes Strong Feeling
All Round.
WHEATAXD CORN HOLD THEIR OWN
And Flour and Pork Advance Peg or
1--WE in Company.
The DAYS DCTNGS IN WALL ST.
The Bears Unable TO Break the Strength
OF Stocks.
CHICAGO.
Especial Telegram to the Globe. ]

CHICAGO. March S.-A law of contraries
appears 10 govern the markets nowadays.
When the weather is stormy and strength
is looked for, weakness is sure to ensue.
Vice versa, when the usual signs of a break
are manifested, an unexpected frmness is
sure to intervene. Therefore to-day, with
unobiectionable weather, continued re-
ports of better prospects for winter wheat.
and easy, inactive European markets, pro-
visions showed more life than they have
for week, while all grains closed higher
than they did on yesterday. The main
reason is found in the course of the larger
operators who this morning
checked threatened decline and
turned the tide the other way. Among
the wheat men On the board there was
fair speculative business transacted, and
stronger feeling was developed.
The receipts were moderate, and the
weather was bright, and early in the day
the market was weaker, with prices de-
clined 4@38c from the opening. With
an improved speculative demand, the mar
ket became stronger, Influenced somewhat
by the frmness in provisions, and prices
rallied about 1c, then fuctuated, and
finally closed &c higher than the closing
figures on Change yesterday. The
lative account The closing
prices were we'll maintained through
the afternoon, there being good demand,
May is as much the favorite future as ever.
On call half million bushels changed
hands at $1.1358 @$113B, good part at
the outside figure. May touched $1.143s
at one time to-day. The improvement
in the speculative grade was communica-
ted to winter and spring wheat, which were
held frmer.
Flour continued slow and the demand
next to nothing, with home buyers hardly
looking at samples, and sales on outside
account next to nothing, and it was hardly
paying to attempt sale. The Eastern
advices showed overstocked markets and
no great sales, and this has
taken buyers out of our marke. at near
present asking price, while the local trade
have sufficient on hand to last them for
the present.
Rye and buckwheat -four dull.
Bran and all mill stuffs were holding at
firm prices.
In corn there was very fair business
transacted, both spectators and shippers
manifesting more desire to purchase. The
offerings were not large, there being no
pressure on the part of speculative opera
tors to force sales, and prices ruled higher.
Receipts were fair and weather
cold and pleasant. The frmness
in provisions had some influence
on the corn market. The market opened
easier, and declined about $8c below the
closing figures yesterday, then rallied un-
der a good demand, and prices were ad-
vanced 1c, receded trifie, and finally
closed 10 38c higher than on Change yes
terday.
No. and high mixed in good request,
and prices depended largely upon the date
of receipts. Those dated March Z, and
since, which carry into May for PFC
storage, sold at 5815c TO 594c; receipts
dated Feb. 26 to March were quotably
&c less, but cost SC to carry them into
May. Round lots of regular quotably al
most the same as March, but car lots a
shade less. Bejected in fair demand. New
mixed in good request. Board prices held
firm through the day.
The cash market in oats was very quiet.
Only few cars of No. 3 were offered and
these were taken at 4238@4215c, which
was about the same as paid yesterday. The
speculative trade opened slow, with prices
for futures about sc below yesterdays IS
closing. A subsequent improvement in
other markets excited a better feeling. A
fair business was done and there was an
improvement in prices. Finally, however,
tie market become quiet reached 4c
from the outside quotations, but
still closed better than yesterday.
Sample trade little slow. Supply a
little larger. Future deliveries opened
dull and easy, became fairly active and
advanced H6Ac, but subsequently ruled
quiet, reacted 1c from outside prices.
Rye was dull and easy and H61c lower
There was but little speculative demand
and shipping orders have been restricted
for some time.
Barley is very dull. The only transac
tions on the regular market to-day wer
sales of No. at 5115c. No. continue
inactive. The market generally was neg
lected and inactive. Offerings of sampl
lots we're in excess of the demand ant
prices in CONSCIENCE weak.
The market for hog product
exhibited fair degree of activity to-day
but the feeling was somewhat unsettle'
and prices irregular. At the opening tn
prices were accepted on the leading de
scriptions. Later, however, the deman'
was urgent, and the market ruled stronger
accompanied with material advance il
prices and closed comparatively steady
Shipping demand moderately active, bu
sales not fully reported. Foreign advice
indicated a quiet and steady feeling il
That 0uarter and tha Ea stern markets Wer