Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-05
THE DAY IN WALL STREET.
A Little Panic, Slight Decline and Con.
siderable Trading.
CHICAGO.
Especial Telegram to the Globe. !


tive way and higher, but later became
weaker and lower, with the advance nearly
lost owing to a scarcity of orders on &C
count of the Geographic wires being down.
A boom had been expected, but both wheat
and corn now are dependent on the legiti-
mate demand to sustain prices, and
dearth of outside orders makes dull bust
ness. As compared with the closing prices
on the board yesterday, to-day's final quo
tations are in most cases a trife better,
but the greater part of the advance made
Yesterday afternoon was lost. The longer
futures of corn are lower than on yester-
day. Provisions sympathized with cereals,
although the great packing firms are still
buying and are believed to have agreed ON
higher prices for products. The various
pits on the board were sparingly filed to-
day on account of the above cause, and the
bidding was rather spiritless. Brokers
soon filled their orders, and took less in
terest than usual in the after proceedings.
The corn exchange, generally filed with
a surging, excited multitude, was
especially tranquil and attracted scarcely
more operators than the provision pit.
The Oppressive effect the storms are hav-
ing with telegraph communication was
quite evident in the wheat crowd, where
there was only moderate business. The
market opened firm and sold somewhat
higher than the call prices yesterday, but
there were few sellers at the advance, and
with few buying orders received, prices
eventually weakened and March fell L 5c
from the highest point, and May &c then
reacted a trife, afterwards fuctuated
within narrow range, and at the close
February was about q higher than at 1
o'clock yesterday, March nc higher, and
May 15c higher. Winter and spring were
in moderate request and were quoted
higher.
Flour, as for some time past, was quiet
and trading light, millers holding for high
er prices, and this was preventative of
business. The home trade were bidding
we'll up for the fairer family and bakers
brands, and were finding very little stock
to work from, while exporters were looking
about, but finding few desirable lots
that can be had within their limits. Rye
-four slow. Buckwheat -four was dull.
Bran and millstuffs were doing well.
Corn was rather unsettled, but at the
close cash or February was the same as at
1 o'clock yesterday. March 18c lower,
May &c lower. There was a sharp ad-
vance on the call board yesterday after
noon over the morning. February and
March opened nearly lie higher than it
closed at 1 o'clock yesterday, and May 1sc
higher, ruled firm for a time, but then be-
came weak and February and March
again fell irregularly about
11sc from the highest point, reacted tri
fe, but closed steady. May declined Bc
from the highest point and closed quiet.
Commission merchants had few advices
from their customers and trade has conse-
quently been restricted in volume. At the
advance a good deal of corn was thrown
on the market, which broke as above re-
ported, very few buying orders having been
received. The receipts were very light and
market advices were favorable to holders.
Rejected and new mixed were both in good
request and lie higher. Very little trading
was done during the last hour of the SEES
sion.
Oats were active and stronger early in
the day, to breaking back later, with the
market following closely after corn and
wheat. It was difficult to get outside quo
tations or adyices from customers. No. 2
cash sold early at 372lc, but this price
could hardly be obtained later. Samples
were selling at about previous prices, with
the better cars of white most sought for.
Future deliveries were excited and stronger
at the opening, dropping later, and neg
The snow blockade has nearly stopped re-
ceipts, but nineteen cars being inspected
in to-day. The scarcity of sample lots re-
stricted trading.
Rye was in demand and sold better for
cash, while futures were hardly traded in
at all and holding at above yesterdays
closing. No. 2 cash sold at 64c, while sam
pies were going at relative rates. Future
deliveries we're quotably very firm.
Barley neglected and nearly nominal,
with firm quotations for cash, but
outside the sample market hardly a trade
was noted. No. 2 cash was nominally
about sac and No. at 53c, with samples
going out fairly and bringing firm rates.
Future deliveries hardly mentioned or
| quotable.
Provisions were moderately active, but
lacked strength, though closed a shade
above yesterday on change, but consider
ably lower than on the call in the after
noon. Offerings were quite free at the
prices. Shipping demand comparatively
light. Receipts of hogs light on account
of the storm.
On the call yesterday afternoon the pork
market was excited and sold 30@35c per
barrel higher than it closed on change
This morning the market opened strong,
but under free offerings weakened 30c per
barrel and closed at nearly outside prices
Cash and February about the same price.
Lard was moderately active, but weak,
and prices declined zoe per 100 pounds
from opening figures. Closed easy. Cash
and February quiet. Both ended the day
about where they closed on the regu-