Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-05
ALL THE GRAINS SUSTAIN LOSS.
Provisions Share in the Depression
and Fall OF Considerably.
ED LETTER DAYINWALL STREET
4 Better Demand for Good Stocks
than for Several Months.
CHICAGO.
Especial Telegram to the Globe. I

CHICAGO, April 4.--In6 markets. were &C
tive to-day, and at times greatly excited.
with the range of prices considerably low
or for all products. The decline was started
by a serious break in wheat, induced by
weak and lower New York quotations and
dull and depressed Liverpool market
with q further loss there of six pence per
quarter. The soft weather, with unm1stak-
able indications of the arrival of spring,
also contributed to weaken the confidence
of holders, and under a strong realizing
pressure By sellers who we're disguised at
the general situation. The trade was very
active and values unsteady. Corn sympa-
thized strongly. The longs generally were
sellers, with the only buyers shorts, who
were filling sales in which they had
profit. The market otherwise was inactive.
Although strong effort was made to sus-
tain oats, this cereal manifested some
weakness. Rye sold off sharply, and pro-
visions lost considerable of their strength.
On the board an active business was
transacted in wheat, prices ruled decidedly
lower, and at the close April was about &c
lower than it closed at l o'clock Monday,
May 2118c lower, June &c lower and July
1Ic lower. The day opened warm, with
favorable indications of an early seeding
season, and with the markets abroad dull
and weak, and quite liberal line of sell
ing orders here. The first trading was at
nearly half a cent decline from the closing
of Monday, ruled weak ana when some
heavy operators began to press their
property on the market, and generally
shaded prices in order TO make sales, others
began to do likewise. and for time all
confidence seemed lost and there was q
regular scramble to unload, the market
becoming demOCalizaQ and May falling off
irregularly 9 sc from the opening, and
June and July ProportionateIy, afterwards
rallied some, then changed slightly and
closed qHiet. During the afternoon
further decline of 18Ql4c was suffered,
the demand being fair at current prices,
but offerings were ample. May sold freely
at $1084 1.0815. Winter wheat was
quiet and lower, while spring was in fair
demand at "a 235c less than on Monday.
Flour was in & neglected and ifeless
condition, and no trading was possible,
with the heavy break in wheat keeping
buyers away from the market entirely, and
making it impossible to do anything, even
when allowed shaded price in order to do
so. Rye and buckwheat -four neglected
and dull. Bran and all millstuffs were in
only fair request and selling at shaded
prices.
Corn was active but Aery weak, April
closing about 135c lower than on Monday,
May ! &c lower, June l lc lower and July
1Ic lower. The warmer weather created
weak feeling at the start, and there was
quite rush to sell. and the first business
was done at about 15c decline from the
closing figures Monday,and with continued
pressure to unload, some of the most promi-
nent operators being conspicuous for their
eagerness to sell. The taiIers soon fell in
to line, and for time there was such a
competition among sellers that May and
all other options fell off sharply, but
portion of the decline was afterwards re-
covered. Car lots of No. . gilt edge closed
at about Sc. High mixed commanded q
premium of 15@Mc. The arrivals were
liberal. On call there was an active in
quiry, but H@38c less was accepted.
Over 100000 bushels, nearly all of May,
were sold, that delivery then going at 5 Is
@15c.
In the morning oats were considerably
off from Mondays closing, and at one
time there was quite rush to sell, with
the weakness in other markets bringing
free sellers to the line, to recovering parti-
ally later. No. 2 cash was hardly mention
ed, with regular at 40c early to 41Mc at
the close, while the fresh arrivals were
bringing better, on track or free on cars,
than could be had in store for the same
grade, and particularly for the better cars
of white. The speculative demand was
restricted by the depressed state of other
markets. The early decline was 1a@M &c.
In the afternoon another little rush of sell
lers brought prices q SIC under the close
at o'clock.
Rye was dull and 1910 lower with
very little demand.
Barley was more quiet and the feeling
in trade less lively than for some days
past, with the supply of cash stuff more
liberal, while the call was less free for the
same, and as a general thing a shaded
price had to be allowed. No. cash was
not mentioned, while No. was about 52c
for regular and 54c for fresh receipts.
Samples we're selling only fairly, and only
the better cars went off with any freedom,
while the poor and dirty lots would bring
little if any better than the prices for the
same grade IN store.
The demand for hog products was mod
erately active, but the feeling was weak
during the greater portion of the session.
and prices ruled lower on all the leading
descriptions. The offerings On speculative
account were quite liberal, influenced to
some extent By the hog market. The re-
ceipts of product were quite
liberal and the shinments were