Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-12
,RN A LITTLE MORE STEADY.
LITTLE TRADINGIN WALL STREET
CHICAGO.
Especial Telegram to the Globe. I

OHlCAGO. May Ill Nc r0pOIt VI CAo Ia
tional agricultural bureau announcing an
estimated shortage in the winter wheat
crop of 100000 bushels compared with i
the crop OF last year, had hardly any ap-
preciable effect on values on change to-
day. The expectations of neither the bulls
nor the bears were realized. Lindbloom
in his controversy with the New York Trib
tne had claimed the deficiency would
amount to 125,0OO,OO0, and Armour's esti-
mate was over 1OO,O00,O00 bushels. On
the other hand, tire bears had pooh-poohed
at the idea Of any considerable loss, and
claimed all published reports were doc
tored by the bulls. The bureau at Wash
ington, where information is the most ex-
tensive and carefully gathered of any pos
sible, takes a medium position. Hence
the bulls will probably modify their views
as to extreme prices, and the bears will
hardly have the hardihood to attempt any
offensive movement
On the board trading was active
and the feeling unsettled. The crop
prospects as reported through va
rious sources had some effect upon
ly by local speculation. Receipts continue
rather small; weather clear, cool; foreign
advices steady. The market opened
shade easier under fair speculative offer
ings, declined to a point 1c below the
closing figures on call yesterday, but in
fuenced by a better demand, prices rallied
20 20, fuctuated slightly, and finally
closed about go &c lower than the clos
ing figures on change yesterday. On the
call values further weakened 40 &c.
Spring wheat was held shade higher to-
day and in moderate demand. Winter was
in some request but very quiet.
Ia flour there has been quite good trad
ing for the past day Oh two, and a firm
tone was noticeable, with the quantity of
sound and desirable stock on hand light
and buyers have been more free to pur-
chase and mora particularly on local &C.
count. Shippers we're looking about, but
were finding little that could be had within
limits, other than low grade. Rye -four
selling slow. Bran and all mill stuffs were
selling quite we'll and little better than
has been received for some days.
The corn market was more active and a
rather stronger feeling was developed.
Speculative operators bought quite freely,
and shippers also manifested more desire
to purchase, and there was more competi-
ton among buyers. Receipts were smaller
and the surroundings of the market in
fuenced shorts to cover freely. The mar
ket opened shade easier and prices de-
clined about &c below the opening prices,
then rallied under an active demand, and
prices advanced about &c per bushel for
leading futures, receded 38@15c, fuctuated
and finally closed about the same as on
change yesterday, with no particular
change during the afternoon.
Oats were dull. The arrivals were heavy
and sample offerings were considerably in
creased. The market was weak and prices
were shaded. Still it was difficult to close
out consignments. The demand, shipping
and local, was moderate. No.
oats on track were no better
than in store except tina
for in store cash oats there was no de
mand. Speculative trading was 1athe1
dull and quiet. The near futures sold 4
@34c lower early, owing to the dull
market and liberal receipts, but the i'm
provement in corn strengthened the mar
ket and prices reached to about the same
or little over yesterdays closing, but a
the close a comparison showed little
change. During the afternoon the feeling
become a shade easier again, 15@15c les
being accepted.
Rye was frmer, and prices were 1@2
better. The main improvement was TO
cash, May and June deliveries. The ad
vance was started on the late call yester
day, and the market was held strong b,
those largely interested. Receipts wer
larger, but the consignments did not al
come on the market. The shipping de
mand was reported as being rather light
Only few sales of barley were made b
sample, and on the regular market ther
was no trade whatever. The arrivals wer
small and both offerings and demand light
There was a fair business transacted
the market for hog products, and the fee
ing was comparatively steady. Fluctu
tions in prices we're confined within mo-
crate range. Trading was chiefly on spe
ulative account, with the preference give
to the more deferred deliveries. Shippir
demand rather light. Foreign advic
showed quiet and easy feeling in tn
quarter, and the eastern markets we
without material change. The receip
of products were fair and the shipmen
moderate. The demand for pork W
quite active, and the offerings were fire
Prices on the whole range averaged trit
higher, but the closing figures were Tx
10c lower than those of yesterday. T
shipping inquiry was rather light, al
215@5c was added to the decline on ca
trading.
Lard was offered freely, but in fairly &
tive demand. Prices on the whole ran
showed little change on the board, b
weakened in the afternoon, closing Oh t
call at decline of 59715c. The h