Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-13
SLIGHTLY LOWER.
L STREET MORE ACTIVE.
A Good Advance Recorded, and Large
Purchases FOR Investment.
CHICAGO.
Especial Telegram to the Globe. |

all lower to-day and feeling of weakness
existed. Wheat suffered a considerable
decline, and broke off sharply. Provis-
ions suffered least, but failed to sustain
Saturdays figures. Business was dull,
buying slow, and the dealings light. The
week does not promise to be notable one
on change, and the prospects are that
lower prices still will prevail. The bears
are becoming more confident each day and
bolder. Their operations are being
concentrated against wheat, but other
markets must necessarily sympathize.
The bucket shop men have met another
rebuff in the courts, yet are not disheart-
ened. Judge Blodgett, this morning, de-
cided that the board Of trade had full ju-
risdiction over its market reports, and can
dictate to whom these reports may be de
Iivered-that it is a private institution as
well as a chartered one. A. w. Nohe, who
has figured in the courts heretofore
with Injunctions restraining the board of
trade from refusing its market reports to
the bucket shops, said upon being interro-
gated that he was out of the injunction
business now. He would no doubt get
market reports as long as any one else
did, and he could not tell if the injunction
still pending against the telegraph COM
panies, whereby they would be precluded
from sending any market reports at all
unless the 'bucket shops" had the benefit
of them, would prevent the board of trade
from cutting of the ''bucket shops'' or not.
Mr.. Peabody and Mr.. Havens, president
and manager respectively, of the Metropol-
itan grain and stock exchange, said this
was their injunction that was dissolved,
but they simply looked to the telegraph
companies for their market report, and
not to the board of trade. There were
iRjunctions which would probably
stand year yet against the telegraph
companies, preventing them from discri
minating in distribution of their market
reports, and until that was decided it was
hard to tell when the reports would cease
being sent to the telegraph companies
patrons. The open board of trade mana
gers did not think the decision would pre-
vent them from getting markets. Mr..
Murphy and Mr.. Hesler were of the Same
opinion, as they received their market re-
ports exclusively by the Mutual Union
wires for their exchanges.
d. w. Irwin and Chas. Counselman, the
former real estate managers of the board,
who were renominated, were elected to-
day. The voting upon their nomination
was necessary only to make the matter
legal.
The death of Capt. Thomas L. Parker
was announced on Change to-day, and
suitable resolutions were adopted in re-
spect to his memory. Mr.. Parker was one
of the Oldest members of the board of trade
connected with tn lake shipping interest,
and was highly respected ard esteemed by
his business associates.
In wheat on the board there was fairly
active business to-day, but prices ruled
weak and lower, and at the close seller
March was &c lower than it closed Satur-
day, April 58c lower, aud May about &c
lower. The weather was fine. The sus-
pense caused by Wiggins' predicted storm
was over, and the bear feeling which has
been gradually growing for some days was
more pronounced than usual, and there
were free sellers with but a
meager disposition to buy. The business
was largely local, few Western or Eastern
orders being on the market. The early
sales were at &c decline from Satur-
day, but quickly weakened and fell 3Sc
from very light trading, reacted some, but
finally fell &c from the highest point,
improved some, then changed slightly,
and closed quiet. Call board prices were
generally 1sc lower. Winter wheat
ruled quiet and shade lower. Spring was
in moderate request, but 1c lower, in
sympathy with the speculative grade.
Flour was unchanged, perhaps trihe
less than usual being done, the trading
being hardly worth mentioning. This
market has been more than usually
quiet, and hardly any trading was
possible, or, from appearances
probable for sometime, wi ith dealers and
holders of stock demanding fully up to
previous prices and saying it cozld not be
manufactured for less, while the Eastern
and foreign buyers were reporting no sale
for the stock at near present asking prices,
and demanding big reduction before op-
Grating. The great trouble has been
brought by the heavy shipments to Europe
on owners account and overstocking all
European markets, resulting in a de-
pressed condition and q withdrawal of buy
ing orders this way and certain loss 10
all engaged in the trade. This heavy ship
ment and consequently slow sale has made
it possible for buyers in Liverpool to buy
Minnesota brands of -four for less than the
same stock can be had in this markst,and it
cae be readily understood why this parsic-
ularly dull tone is reported at present.
The home trade has sufficient on hand for
immediate wants and were not buying,
and for some days there was so little call
that it was not paying to show samples.
In corn only moderate business was
transacted, and the feeling was easier.
The receipts were larger, and there was