Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-28
PRICES ALTERNATE RAPIDLY.
First in Favor Of the Bulls and Again
in Favor Of the Bears.
THE CLOSING RATES STRONGER,
A Spiritless and Lower Stock Market
Yesterday at New York.
CHICAGO.
Especial Telegram to the Globe. ]


unsettled. The confirmation of the report
of rains on the Pacific slope did not exert
the influence it would have ten days ago,
it being believed that the harm already
done by the drought could not be repaired
at this late day. The continued bad
weather in the Northwest and steady New
York markets counterbalanced the far
Western news. Early in the day strong
bull feeling. more marked than has been
seen for week past prevailed, but the
bears took the bulls by the horns and sold
out on every bulge, checking the advance.
Corn failed to weaken even under the
constant improvement in the quality of
the receipts, 3O5 cars being of contract
grades to-day. The following is the of
fetal report at the close of business hours
of the grain in store March "a.
Wheat 6,06O,675; corn 6,O70,6I6; oats
1,542,907; rye SIS, ,935; barley 146,167. The
increase of receipts over shipments report
ed to-day, are as follows: Wheat 26, ,795;
corn 160.S71; oats 9,048; rye 9,292; barley
5,595. The New York exports to-day ex-
ceeded the receipts on wheat $4,000 bushels,
ceeded the exports on corn 10000, oats
$1,000, barley $3.50, and rye 1000 bushels.
For wheat there was good speculative
demand, and the offerings were only mod
crate. The feeling in consequence was
rather firm, Notwithstanding the reports
of rain in various sections of California
and more favorable crop news. The shorts
appeared more disposed to cover, and as
the offerings were not large, prices after
the opening took an upward course and ad-
vanced &c above inside and opening
figures, then receded 35c, rallied trife,
fuctuated. and finally closed about 1Ac
lower than on change yesterday. These
prices were pretty we'll sustained through
the day, and 100000 bushels May were
reported sold On the afternoon call at
$1.0958 1893, mainly at the outside
figure. June was in good demand to-day
at the opening. The offerings were very
light, trading centering on May, and par
ties having buying orders had some diff
Guilty in filing them. In fact the offerings
were not largo at any time, and the premi-
um to-day was 1a@Mc. There was a fair
inquiry FOR winter wheat, and the feeling
was steady and firm. Spring was in fair
demand, and also steady.
The -four market was dull. There was
no chance for any trading, with buyers
scarce for any grade or quality, and the
feeling was one of depression generally,
and the tendency lower rather than other
wise.
In the corn pit there was good demand,
and the feeling was generally strong, and
although the business was attended With
frequent fluctuations, the range of Inc se5-
sion was scarcely 1c, and at the close March
was % higher than at 1 o'clock yesterday,
April 5ScAigher, May 10 higher, June
111Sc higher, and July 2sc higher. The
most strength was in June and July, the
demand for those futures having largely
increased. and June, which was Mc over
May yesterday, was as high as 24c over
to-day, and July was 1B@2c over May.
Early sales of May were at nearly the
closing figures at l o'clock yesterday, sold
up steadily nearly 1c, then broke &c un-
der heavy offerings, afterwards improved
some, fuctuated and closed toIerably
steady. Car lots of gilt edge No. 9 sold at
53A A@5358. The demand for the low
grades both in store and on track or free
on board was active and prices ruled high
er. Throughout the session good specu-
lative and shipping demand existed. The
receipts were quite free, and more than
half the arrivals inspected contract corn,
and foreign advices were indicative of an
easy feeling. Speculative operators, how
ever, do not appear anxious to realize, and
the offerings were not at all liberal. Shorts
were more disposed to cover, and there
was good demand from this source. In
the afternoon 1 &c better prices were paid,
except for April, which was very dull. But
otherwise good demand existed.
In oats the speculative market was
moderately active early, but there was not
much trading late in the session.
Light receipts and higher prices for
other cereals exerted frmer feeling, and
there was about 12@4c improvement.
Cash oats quiet. On the regular market
there were no offerings of any account. No.
2 sold sparingly at 404c. Sample lots
frmer and smaller offerings noticed.
Cash rye early was 10 higher. The az
rivals were smaller and there were only
light offerings. Demand entirely specula-
tive. The advance was paid because there
was little competition, and May opened
shade higher. This delivery, however,
declined later and closed easier, the advance
being lost and decline of Il suffered.
Barley was neglected and about nominal.
The arrivals were so small that the offer
ings did not amount to anything, and there
was also an absence of demand. No. still
nominal at about 75c.
Provisions were moderately active at an
irregular range of prices. Early sales
were made at nearly inside prices of yes
terday, but ruled strong and sold up, then
reacted and closed at a moderate appreci-
alton over yesterday. Trading mainly on
speculative account, and there was good
deal done in the way of changing over.
Shipping demand fair. Receipts of hogs
light and prices firmer. Pork was only
moderately active and the market was il