Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-21
GOOD SPECULATIVE BUSINESS.
Hog Products in Active Demand and
Held at Steady Pri ees.
A VERY DULL DAY IN WALL ST.
The Shares Of the Northwestern Roads
the Only Ones Dealt In.
CHICAGO.
Ispecial Telegram to the Globe. I

IIIOuGu OpSuI4lS 1ONOE InoA JSSIOIOdJ
close, some more strength was shown. At
no time did the figures go below the first
quotations. and at the close a better feel
ing and higher prices prevailed. Shorts
who have good profit in sales were iber-
al buyers Of wheat to-day, and outside
parties who think the winter wheat crop
has been damaged, also helped to make
demand. The crowd which has been doing
the bulk of the selling lately unloaded a
good deal early, but appeared to stop sell
ing when better figures were offered.
In the afternoon there was quite an i'm
provement over board quotations, extend
ing Though the entire range.
AT II o'clock Secretary Randolph an
nounced from the balcony that ex-Presi-
dent Diaz and suite would visit the cham
ber before the session closed. After the
distinguished party left, trading was again
resumed, the market ruling firm until the
close.
In the wheat pit there was fair degree
of activity, and at the close March was 58c
higher than at l o'clock yesterday, April
&c higher, and May q c higher. The first
trading was at about the closing figures
yesterday, eased off a trihe, then sold up
&c, off llc, then became firm and sold up
118c over the lowest point, then fell irreg
ularly about q improved &c, then f1uc-
tuated slightly and closed steady at the
changes from yesterday above noted. Con-
tiRued cold weather and the circulation of
reports unfavorable to the condition of
the winter wheat crop caused some
strength early, but later the market broke
under the excessive offerings, but again
rallied. On call there was an active in
quiry and 4@$5c more was paid for the
more deferred futures than at 1
O'Clock, making net gain for
the day of 3l@115c. A half
million bushels for May delivery were
disposed Of on call at $1.1O38@11024.
Spring wheat was firm early. fell off some,
but closed firm. Winter was quiet.
There was no change whatever to note
in -four.
In corn there was a tolerably active busi-
ness, and prices were somewhat irregular,
fluctuating about 1c, and at close were &c
better than at 1 O'clock yesterday. The
market opened weak at g 8@Ic, declined
from the figures at l o'clock yesterday, i'm
proved some, as there was quite short
demand at the decline, again weakened,
then took sharp up turn, as the demand
increased, and improved 1c from the low
est point, eased of a triBe, then fluctuated
within a narrow range, and closed steady
within fracture of outside prices. There
was a good deal of long cLrn sold
out early in the day, which
broke the market, but later the short de-
mand became active and was mainly re-
sponsible for the advance. The receipts
were liberal and fully so per cent. of the
arrivals graded No. 2. The trading was
mainly speculative, the shipping demand
being only moderate. Foreign advices
were again unfavorable. Some demand
existed for rejected, and new mixed was in
fair request. Sample corn was in good
supply. In the afternoon the demand was
active a1d prices ruled 14@15c higher
than at o'clock, or 15@24 better than at
yesterdays close. May was literally Of
fered and found buyers at 5914 $500,
closing nearly at outside figures. About
1,250,000 bushels OF the future changed
hands at these prices on call.
Tradi ng in oats on the regular market
was about all speculative, and confined
to future deliveries. The mar
ket opened about 38c lower,
a part of the decline having occurred on
the late call yesterday. Prices fuctuated
considerably. But as other markets were
stronger, the market improved, and a lib
eraI decrease in receipts also had a good
effect. There was 1@14c advance over
inside prices. A reaction of about 15c
followed, and the market reacted to out
side prices, and closed firm. Cash oats
very quiet, there being none of account on
the market. A few cars were sold at 40c.
Future deliveries were active and unset
tied, with the fluctuations in prices fre-
quent and covering wide range, but there
was after all considerable improvement,
and the market closed 159Ac higher than
on change yesterday. To this must be
added further &c gained during the
afternoon.
Rye was about lc lower than at the
close of change yesterday, but
this decline really occurred
on the afternoon call of yesterday. There
was fair demand at the decline and a
steady feeling was developed. There was
some demand from shorts, the late decline
having given them a profit on outstanding
contracts. Trading was, in fact, altogether
speculative. Later in the day the loss was
recovered, May bringing 631S@63Ac, be-
ing &c better than yesterday.
Barley was again dull and weak and
with very little call for cash or futures.
The fact that receipts were much lighter
did not have much influence in helping to
any better tone.
The offerings of hog products we're quite
free early in the day, and prices ruled
easier, but during the latter part of the