Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-03
PROVISIONS TOLERABLY STEADY.
CHICAGO.
Especial Telegram to the Globe !

the markets below the opening fgu res.
Wheat led both movements, and the advance
was induced by large offerings of wheat
Provisions did not show the strength man.
ifestad by cereals. Pork was weak, dull.
and declined under liberal offers to sell.
The decline was all the more remarkable
from the fact that there was no great dis
appointment at the stocks, previously pub
Iished estimates being almost the same as
this mornings official report. Lard was
weak and dull and prices gradually fell
OF.
There was a fair degree of activity in
wheat and prices generally ruled higher
though the advance was lost before the
close. The weather was fine,
bat the European, and Eastern markets
were strong, with early sales a trife be-
low the closing figures at 1 O'clock yester-
day, but the feeling was strong and demand
brisk, selling up irregularly one cent from
the opening. The advance brought out
free offerings, under which the market
weakened and 11ac of The improvement
was lost, afterwards changed some, and at
the close March was &c lower than it
closed at 1 o'clock yesterday, April 70
lower, and May 35c lower. Reports re-
ceived from some Of the chief wheat pro-
ducing sections are favorable for a good
harvest. Spring wheat was in fair demand
and steady. Winter was in good inquiry,
but the offerings were light.
The -four trade remains in statu quo.
Corn trading was fairly active and the
feeling little unsettled. Foreign advices
were of a more favorable tenor. New York
was firm and receipts were a trife smaller.
A good speculative demand also existed
early and the market opened shade firm
er and advanced about 10, but this ad-
vance brought out free speculative offer
ings, influenced somewhat by the weak
ness in provisions, and prices declined 81
@Ic, fuctuated and finally closed about
80 4c lower than yesterday. No.
high mixed in only moderate demand and
receipts dated last week ranged at 57156
56c. Receipts dated this week sold at
5749584c. Rejected in good request,
but prices dependent on location.
Oats were active, and early in the day
strongly advancing to breaking back later.
and for the latter part of the session some
what below the opening, still closing about
&c above yesterday for all futures. This
market was following close after other
markets, and was quick to change, up or
down, as was shown in corn Or wheat. No
2 was about 42l4c for cash early to about
42c later, but with none offered in store and
the daily arrivals selling in the sample
market at better than could be had in store
for the same grade. After the board trad
ing less strength was shown, and at the
close Of the day oats were where they had
ended yesterday.
There is no trading in rye except in the
cash article. No speculative business Is
being done.
Barley shows little sign of life yet. Re-
ceiyers find it difficult to effect sales even
at shaded prices.
The offerings of hog prodocts we're quite
liberal, and the demand was moderately
active. The stocks reported showed rather
more product on hand than generally an
ticipated, and the undertone to the marke
was weak. Spectators were not inclined
to do much trading, and shippers were ia
vored with few orders, and these were gen
orally limited to figures below the views o
sellers. Prices ruled easier. For
eign advices showed a stronger feelin.
in that quarter, and both lard ant
bacon were quoted Cd higher. Eastern
markets were without material change
The receipts of product we're fair, and the
shipments quite liberal. The offerings o
pork were free and the demand moderate
Prices ruled weak and declined 1O@2O
and closed steady.
Lard was freely offered for future de
livery and sold off 10000 closing dull
In the afternoon all markets were weaker
board quotations of wheat being shade,
&c on call; corn and oats &c, while porl
and lard were offered 215@5c lower.
The stocks ofprovisions in Chicago wer
posted on change to-day and shov
3O0,671 barrels of pork, 104,034 tierces o
lard, SO, O,2O2, ,919 pounds of hams and shoul
ders. 48,O57,89 pounds of side cuts, ant
13,1O0,211 pounds of other meats.
Live hogs are tolerably active; price
were steady to-day for heavy grades, but
UAAAO iOHOI 1OI 4iShO' OAAy 1OsOOO hOl
received.
The foreign movement of provision:
has been somewhat stimulated fo
the moment by shipments to Germany t.
anticipate the date when the edict of pro
hIbition of Ame rican meats will go int
effect, three weeks from now. German
takes but about 5 per cent. of the meat
exported, and is not sure but she will man
age to continue to receive about as muc
as heretofore, through other channels.
would be unfortunate if lard should b
prohibited, as Germany has taken about 2
per cent. of the export of this article.
The disagreements between the railroad
and the board of trade will probably b
settled in few days. An agent of one o
the leading lines was on the floor of the ex
change to-day soliciting business, and it i