Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-08
CHICAGO.
Especial Telegram 70 the Globe

Especial Telegram TO the Globe.
CHICAGO, April The grain markets
were weak and lower to-day, and the fine
growing weather in connection with lower
prices in the East and Europe, induced
strong bear movement and consequent de-
cline.
Wheat was rather active, and prices
somewhat irregular, but the general ten
dency was downward, and at the close May
was &c lower than it closed at 1 O'Clock
yesterday, June &c lower and July 156c
lower. There was some weakness yester-
day afternoon, and the market opened to-
day about &c lower than at 1 o'clock yes
terday, fell off some, then improved 1zc,
then dropped &c rallied 58c then irregu-
larry 158c from the highest point, changed
slightly, and closed weak. The English
markts were reported lower with the
weather there brilliant and quite favorable
here, and there was general depression
to sell. The steady decline for the past
week has exhausted a great many
margins and the property is being closed
out, thereby aiding the general depression.
Spring wheat was quiet and easy. There
was some inquiry for winter, but very lit
tie offered.
Flour was neglected, and it was next to
impossible to make sale. A dull, weak
feeling prevailed. Receipts are not large,
but owing to the declining tendency of
wheat holders were anxious to realize. An
occasional lot was taken for export, but
local jobbers were doing almost nothing,
holding off for develoments. Rye and
buckwheat were dull and all milIstuffs were
going out less freely and at lower prices.
In corn, large speculative business was
transacted, and fair movement reported
on shipping account. The feeling devel-
oped was weaker and prices again ruled
lower, influenced by confined free arrivals,
better weather and a strong pressure to
sell. The speculative offerings were liber-
al and the pressure to sell caused a
marked decline in prices, which
was more perceptible on the deferred
futures, as May was sustained somewhat by
an urgent demand by the short interest,
| while June and July were comparatively in
| less demand. The market opened from
| 12@ sc lower, and declined to point IL &c
lower for May, &c lower for June and PIC
lower for July than the closing figures on
change yesterday, and finally closed with
about sc of the inside prices reached.
No. was in fair demand, and closed about
| sic. Round lots of regular receipts quota
bly, about the same as April.
The July premium Is falling off some
| what, showing some loss of confidence in
| futures.
Oats were demoralized. There was a
| break If prices. More or less anxiety on
the part of longs to sell was manifested.
| The offerings for May delivery especially
were heavy, and June and July also were
| offered freely. weak tone in all the mar
kets checked speculative buying, and cash
buyers also, in view of the situation, held
back. 4 few cars of gilt edge sold early
at 1920, but later Ale was the best bid.
Sample lots were lower, and, at the same
time, the supply was only about fair.
Rye was very easy and nominally the
same for cash, although futures we're
quoted triie easier.
Barley was dull and weaker, owing to the
absence of any demand, for the offerings
were only moderate. The only inquiry was
for few sample lots, which were taken to
| fill special wants. The sales were at
sha led prices.
An unsettled and weak feeling pre-
| vailed in the market for hog products
during the greater portion of the session
| on change, and material reduction
IN price was submitted to
on all the leading articles.
The offerings were free on speculative &C
count, while the demand was not particu-
larry urgent, except at reduced prices. The
| demand for mess pork was moderately
| active and the offerings were quite free.
Prices ruled weak and declined 5@1Oc and
| closed tame. Cash rather quiet.
The offerings of lard were free, and the
demand moderately active. Prices ruled
easy and inclined in favor of buyers, with
| cash in good request in quiet way.
Only $500 hogs were received to-day.
The demand was active to the extent of
the supply, and sales were generally at
5@1Oc better figures than yesterday. The
range was between S7.15 and So.