Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-15
CHICAGO.
Especial Telegram to the Globe.l

CHICAGO, April 1.-The bears hao
pretty much their own way on change to-
day. Everything was easier at the open
ing. and although there was good guam
tity of buying orders and rather free in
quiry from shorts, causing a fractional
reaction. after trading slackened prices
slumped of and the feeling become quite
weak ct the same time being feverish and
unsettled. Some Of the large operators
vino, curing the week, have been bullishly
inclined. we're 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 of 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
were 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 fiuctation of
the session was only about 118c, and at
the close May was i &c lower than it closed
at / o'clock yesterday, June Hc lower, and
July &c lower. There was sharp decline
yesterday afternoon, and this morning the
first business was at 1@118c decline from
closing figures att o'clock yesterday, but
there was free inquiry at the decline, and
eventually advanced 1@11sc, but the i'm
provement brought heavy offerings, under
which the market soon broke and fell ir-
regularly about 5$c, afterward changed
slightly and closed rather easy. Spring
wheat was quiet and easy, while there was
scarcely anything doing in winter.
Flour was very duh with no demand ex-
cept for an occasional small amount, and
sales were 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 13 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 1st Il 2.
These are the figures for the entire state
In the southern four tiers of counties,
where So 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. 1t will be remembered
that on the 1st 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 we're
very liberal. Receipts were moderate, and
foreign advices quoted an easier feeling.
Weather in the West warm. The market
opened 1@14c lower than the closing fig
ures yesterday. and under good demand
from shorts prices rallied 4@1c for the
various futures, but later, under liberal of
ferings, again became weak, and declined
about &c. fuctuated, and finally closed
about 1$$c lower for May, 1 &c lower fol-
June, and lie lower for July, than the
closing figures on Change yesterday.
Oats we're 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 closed 58@1c lower, Casf
oats were quiet, with none of account OF
sale. Sample lots ruled more steady, a
the offerings were no more than the de
mapd.
Very little was doing in rye, littl
being offered and the demands being
light.
Barley was exceedingly dull, with LITTLE
call Tor sample lots, and the regular mar
ket entirely neglected. A continuation o
warm weather viii soon draw the maltin!
season to a close.
Trading IN hog products was only mod
erately active and chiefly on local specula
dive account. The offerings were fire
early, but the demand was light an
prices ruled lower. About the middle O
the session the demand was more urgen
and prices rallied to the outside range
but gradually settled back again to mediur
figures and closed tame. Foreign advice
were less favorable to holders, an
bacon was quoted Cd lower. Easter
markets showed no material change. RI
ceipts of product were fair and shipment
moderate. Inquiry for mess pork We
moderately active and prices ranged lowe
Offerings fair. Cash quiet and steady at
trife lower than yesterday. The future
closed 5@71ac easier.
The offerings Of lard were quite free an
the demand fairly active. Prices ruled
@121zc lower per 100 pounds early in tn
day, but gradually advanced again. Ne'
the close they settled back again to N
dunn figures and closed quiet. Gas
quiet.
The receipts of live hogs during IL
past week were 46, 139 against $59,642 fl
the week previous and 94,048 for the CO
responding week last year. The quality {
arrivals was not very good-poorer than fl
some time past, and very few real!
good hogs were offered. Packers wei
SLOW to take hold End shippers took a gree