Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-12
Active Offerings, but Little Demand
from Purchasers.
PROVISIONS WELL SUSTAINED.
The Future Of the Market Question of
Great Local Interest.
Especial Telegram to the Globe

and everybody seemingly afraid that a
large quantity of long stuff would be
thrown out at any moment, rumors of an
unloading by the large holders being cur
rent and obtaining credence. Corn was
doing better. The receipts for the week
were 1,686,0O0 bushels against 274,OOO
bushels for the corresponding week last
year. The speculative demand was good.
but almost exclusively on local account,
and prices during the whole of the session
were confined to very narrow range,
closing at about the inside prices for all
OF the options except July, which was
steadler. Oats were quiet and steady, the
demand and offerings both being light, the
receipts were also large, and for the week
they were larger than for any correspond
ing time on record. Rye and barley weak.
Pork opened shade higher,
bat there was little disposition to either
buy or sell, and the market was very quiet,
and closed at about the last sales. on yes
terday's call, and the market stupid and
dull. Lard advanced sc per 100 pounds,
but trading was moderate. Short rib sides
were shade higher at the opening, but
closed about the same as yesterday.
In the wheat pit fair aggregate specu-
latiVe business was transacted, although at
times the market ruled very quiet. Fluc-
tuations in prices were confined within a
range of &c, and finally closed about &c
lower than on Change yesterday. The re-
ceipts were moderate, and foreign market
advices indicative of a dull feeling. The
decline was attributed to pretty free
speculative offerings. Reports of stormy
weather in the Northwest did not appear
to have any but temporary effect on this
market, being overcome by the rumors be-
fore referred to, following heavy offerings
by prominent long operator. Spriug
| wheat was in fair request and rather firmer.
Winter was quiet, with but little offered.
The flour trade is unchanged.
In the corn pit there was a moderate
business transacted and fluctuations OF
prices were confined within a small range.
The receipts were smaller, and there was
less pressure on the part of speculative
| operators to realize. A good shipping de-
mand also existed. These influences, to-
gether with reports of stormy weather in
the Northwest, had a tendency to sustain
prices. Foreign adyices were of an un-
favorable tenor. Prices fuctuated within
about re, and finally closed &c better for
March and April, &c lower for May than
closing figures on change yesterday. No. 3
and high mixed receipts dated March z, and
since closed at about soc. Receipts dated
Feb. 20 to March 6 inclusive, quotably &c
less. Round lots of regular quotabIy same
as March. Rejected in fair demand. New
mixed in good demand and prices very IT.
regular, depending on location. The lib
eral demand for April by some heavy
spectators who took all tina was offered
led to good deal of uneasiness on the
part of the shorts who bought freely.
On the board oats were more quiet and
trading light, with prices somewhat better
early in the day, but dropping back later
and at the close was slightly below yester-
day. The cash offerings were mainly on
the sample market, and doing better than
the prices named for cash in store. No. 2
cash was fair sale for fresh receipts at 42c.
Samples were going out rather slow, still
quite good many cars were wanted and
about all on sale were taken at good
prices.
Rye was going slow and ruling some
what below yesterday, with fair call for
cash, but with speculation neglected. No.
cash sold at 641lc for car lots fresh to
about CSC for regular. Sample lots were
going slow.
Barley continues dull and holders of the
cash property were finding it extremely
difficult to bring about sales, and were
compelled to accept low range when do
ing so, with home and buying slow and
speculation lifeless. No. cash not men
toned, while No. was dull at sic for
fresh receipts and sample lots slow, with
the better cars going off fairly, but the
poor has to be placed in store as unsal-
able on the track.
Trading in hog products was
comparatively light to-day. The market
ruled frmer and prices averaged higher
on all the leading articles. Spectators,
both local and outside, were backward
about trading, and shippers were favored
with very few orders. Foreign advices
showed a little stronger feeling in that
quarter, and lard and bacon were quoted
3@6d higher. Eastern markets were stead
Ter. The receipts of product were moder-
ate, and the shipments quite liberal.
The offerings of mess pork were moder-
ate and the demand was comparatively
light. Prices ruled firmer and were
advanced 5071ac and closed steady. Cash
IN fair demand in small way and steady.
March in fair request.
The inquiry for lard was moderate, and
the offerings we're fair. Prices were ad-
vsnced 21sG5c per 100 pounds and closed
steady.
Wast is the probable course of prices Of
hog product? is now question agitsting
the minds of great many people. 1t is
an enigma that large number would like |
to have solved. There are those who are |
firm believers that product will rule higher,
and then again there are those who believe |
present values are higher than circum |
stances justify and hence lower prices |
must prevail. The bull element seem to
be in the majority, and it is fact that for