Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-16
CHICAGO.
Especial Telegram to the Globe.l


day. Everything was easier at the open
ing, and although there was good guam
| tity of buying orders and rather free in
curry from shorts, causing fractional
reaction, after trading slackened prices
slumped off and the feeling become quite
weak at the same time being feVerish and
| unsettled. Some of the large operators
who, during the week, have been bullishly
inclined, were free sellers to day, and this
caused uneasiness among the crowd. Curb
trading during the afternoon did not show
any improvement. The receipts of corn
are falling off sharply, but this is attributed
to the large premium of May over cash,
which induces dealers to sell for May de-
livery instead of bringing it in now. Oats
we're very quiet, the chief dealing being
in the way of settling contracts. Pro-
visions, although suffering no considera-
| BILE depreciation, were weaker aud quiet.
The bulk of trading in lard was confined
to transferring May purchases to the long
| futures at small premium.
On the board wheat was fairly active
and somewhat irregular, being alternately
weak and strong, though the fuctatioh of
the session was only about 11sc, and at
the close May was &c lower than 1t closed
at o'clock yesterday, June sc lower, and
July 5Sc lower. There was sharp decline
yesterday afternoon, and this morning the
first business was at 1@116c decline from
closing figures at o'clock yesterday, but
there was free inquiry at the decline, and
eventually advanced 1@17sc, but the i'm
provement brought heavy offerings, under
which the market soon broke and fell ir-
regularly about Bc, afterward changed
slightly and closed rather easy. Spring
wheat was quiet and easy, while there was
scarcely anything doing in winter.
Flour was very dull with no demand ex-
cept for an occasional small amount, and
sales we're very slow. Even the small
stocks exert no beneficial influence on this
market.
The reports received of the growing
crop show no particular change. The
April report of the secretary of state of
Michigan shows that ID per cent. of the
wheat crop is winter killed and the portion
not winter-killed to be Sc per cent, as
promising as on the LIST day of April, 2.
These are the figures for the entire state
In the southern four tiers of counties,
where IS per cent. of the wheat crop is
grown, Is per cent. of the acreage is re-
ported killed, and the remainder is esti-
mated to be II per cent. below the condi-
ton one year ago. It will be remembered
that on the LIST Of April, 1882, wheat was
in fine condition, having been injured but
little during the preceding winter.
Corn was active and the feeling unset
tied, prices ruling irregular and weak.
Trading was chiefly speculative,
the shipping demand being less
urgent Speculative offerings were
very liberal. Receipts we're moderate, and
foreign advioss quoted an easier feeling.
Weather IN the West warm. The market
opened @114c lower than the closing fig
ures yesterday, and under a good demand
from shorts prices rallied 4@1c for the
various futures, but later, under liberal of
ferings, again became weak, and declined
about Bc, fuctuated, and finally closed
about 13sc lower for May, 1 &c lower for
June, and 1c lower for July, than the
closing figures on change yesterday.
Oats were quiet and rather dull. There
was less interest taken in the market and
in sympathy with the weakness in the
other cereals, reacted from yesterdays ad-
vance and Ct Ised 58@1c lower, Cash
oats were quI It, with none of account on
sale. Sample lots ruled more steady, as
the offerings were no more than the de-
mand.
Very little was doing in rye, little
being offered and the demands being
light.
Barley was exceedingly dull, with little
ket entirely neglected. continuation of
warm weather will soon draw the mailing
season to close.
Trading in hog products was only mod
erately active and chiefly On local specula-
tive account The offerings were free
early, but the demand was light and
| prices ruled lower. About the middle OF
the session the demand was more urgent
and prices rallied to the outside range
but gradually settled back again to medium
! figures and closed tame. Foreign advices
were less favorable to holders, and
bacon was quoted Sd lower. Eastern
markets showed no material change. Re
ceipts of product were fair and shipments
moderate. Inquiry for mess pork was
moderately active and prices ranged lower
Offerings fair. Cash quiet and steady at q
trife lower than yesterday. The futures
closed 5@71ac sasier.
The offerings of lard were quite free and
the demand fairly active. Prices ruled II
G121ac lower per 100 pounds early in the
day, but gradually advanced again. Neal
the close they settled back again to me
dunn figures and closed quiet. CAST
quiet.
The receipts of live hogs during the
past week were 46139 against $59,642 fol
the week previous and 94.Q48 for the cor
responding week last year. The quality Of
arrivals was notvery good-poorer than FOL
some time past, and very few really
good hogs were offered. Packers were
slow to take hold and shippers took great
portion of the offerings to provide for
L