Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-07
DOWNWARD TURN.
The Markets Which Braeed Up GO Back
on Themselves.
LOWER MARKETS ALL AROUND.
Which Makes the Bears Happy for a
Time.
CHICAGO.
Especial Telegram to the Globe. I

CHICAGO, March 6.-Liverpool reports
wheat quiet and inactive. Corn sells slow.
London wheat lower, corn very quiet and
unfavorable weather here, were the greet
ings that mst the bulls as
they assembled on Change this morning.
The markets opened firm however. Corn
and oats ic higher, wheat the same, and
provisions trife lower than yesterdays
closing quotations, but, although the trad
ing was heavy in grain, it was only fair
in provisions, holders SEEMING desirous to
realize, and there we're no fluctuations
above opening prices. Provisions de-
clined pa 15c and closed within 215@715c
of the lowest price OF the session.
Wheat and corn sold off, closing within
$50 &c Of the lowest price reached during
the session. After the close May wheat
rallied and advanced &c. In fact a
slightly better feeling diffused itself
through the whole range in the afternoon,
although there was no ma
terial appreciation over board
quotations. During the regular session
wheat was quiet and easier and at the
close March was 35c lower than at 1 o'clock
yesterday, April 38c lower and May &c
lower. Early sales were at a shade better
prices than the closing figures yesterday,
but ruled weak, there being scarcely any
buying orders from the outside and the
local feeling became rather bearish, prices
falling off gradually nearly 28c, reacting
some, again easing off, then changing
slightly, closing steady at the decline from
yesterday above noted. There were a few
round lots of some magnitude taken from
future delivery, generally for May, but
generally the trading was slow. On call
there was a fairly active demand,
but no change in figures. Winter and
spring wheat were held easier
to-day and -four lost of its wonted apathy.
Corn was rather dull throughout the ses-
sion and the general feeling was one of
weakness, and at the close March was$8c
less than yesterday, and April &c lower,
and May about 38c lower. The first trad
ing was at triding advance on the closing
figures at l o'clock yesterday, but was gen
orally easy and fell irregularly about sc
then changed slightly and closed easier.
Car lots of gilt edge sold mostly at 582lc,
but closed nominalIy at about $500. One
lot dated tomorrow brought 591lc, as that
date carries it into May for 80 less. Re-
jected was decidedly lower, selling at SOC
sic. New mixed was also lower. Sample
lots on track, or f. o. b., were on the call
board. Prices were shade higher and
some competitions opening up for May
over half a million bushels then quickly
changing hands.
Oats were more quiet, and after first
opening easier, with a weak tone noticea
bic in other markets, and this was bring
ing about dull feeling under this head
and something of decline. The offeringl
of cash were in excess of the wants of the
trade, and present delivery suffered more
than the longer options. No. 2 cash sold
slow for car lots fresh at 43@43l &c, Will
samples more plenty and going very slow
and at lower prices. The trading during
the afternoon favored selle trife.
Rye was holding at steady prices, ant
there was good call for cash, but futures
were hardly traded in at all. Sample
were going out only fairly.
Barley continues slow, and there was
little disposition shown to operate in Ell
ther direction, with cash. The sample
market was neglected and dull. and spec
u!ation Iifeiess.
Provisions were active but weak an,
lower under free offerings of leading
articles for future delivery, supposed to be
on the part of long holders.
Receipts of hogs were light, but this mac
no effect Oh the market, the shipping de
mand not being urgent, while considerable
product was forced to sale by exhausting
margins. Orders from the outside or
comparatively light.
Pork was quite active, weak and lower
selling off at 15@1715c per barrel belo'
yesterdays closing, and closed weak q
nearly inside prices. Offerings were fre
for future delivery, and the trading was il
May. Cash and March dull, the nomina
range being $18918.1O, closing 6
SIS.
Lard was offered freely for futures, an
the market weak and lower, selling O
at 1219@15c per 100 lbs, an
closed at a decline of 7h@1C
per 100 lbs. with the trading mainly OF
the May option. Cash and March yer
dull.
On call pork was in good request and
considerable business was done at price
generally 21a@3c better than those pre-
vailing at o'clock.
Lard was in fair inquiry and hel
steady.
An unsettled feeling is prevailing in tn
provision market and prices are conse
quently very unsteady.
About 10000 live hogs were received to
day. The demand was only moderated
active and although prices were nominall
unchanged concessions were granted
buyers in some cases.
NEW YORK.