Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-09
Wheat and Corn Fluctuate Within a
Narrow Range and Close Steady.
PROVISIONS IN GOOD DEMAND.
Increasing Confidence Among Opera
tors on the Stock Board.
UP. AND ST. P. THE FEATURES.
Large Earnings RepOrted-A War by
the YanderbiItS Against Rivals.
CHICAGO.
Especial Telegram to the Globe.1

CHICAGO, May S.-The markets were
quiet to day, less business being transacted
than for some time past. Neither the
bulls nor the bears were willing to start
any pronounced movement, but each side
wanted to see what the other would do.
The Armour combination was making no
large purchases of its sp ecialties, and the
shrots were not nearly so eager as on yes
terday. It was dull day, and little of
interest was done.
On the board wheat was tolerably steady,
but less active. The fuctu ations in prices
were confined to a comparatively narrow
range, about 80 q. The receipts were
fair, but foreign influences favored firm
ness. Not many outside orders were re-
ceived and local operators apparently
waited developments. At the opening
values were a shade frmer, but soon fell
off 20 q C, and then rallied to the ex-
tent of the decline, receded again and
finally closed about the same as on yester-
day for all futures except July, which was
&c higher and September which lost &c.
The afternoon feeling was weaker, and con-
cessions of T5@I4c we're asked by buyers.
Trading was very light, but
Just over quarter million
bushels on The call. The dealing
was largely in July to-day, the August and
September futures being exceedingly dull.
Spring wheat was steady, in fair demand,
and offered trife more freely. Winter was
inactive with light inquiry.
Flour was quiet and unchanged. One
lot of sacked -four was taken for export,
but exporters as rule we're prevented from
buying on account of being limited in price
below the views of holders, who are not
willing to allow any reduction, hence this
trade was getting little except q low grade
stock. The home trade bought sparingly.
The quantity in store here is still lessening,
however.
Only a moderate business was transacted
in corn. Speculative operators did not
take hold with any degree of freedom, and
shippers, although buying, confined their
purchases mainly to certain locations.
The range of prices was within limit of
8G2fc, and at the close of the day the
deferred futures were T@4c stronger
before July were unchanged. The
call sales were as small as those of wheat.
The postings showed large receipts. The
scare over hot corn has entirely died out.
That in the elevators is in good condition.
beyond doubt, as the inspection of the
crops of 1882 is claimed to have been
rigid. The reports from the Northwest
indicate that the planting is about finished.
and the acreage is large.
Oats were steady, opening active and
stronger, with prices, particularly for cash
and the near futures, shade better. The
in store market was quiet, but samples
were going readily at 15c better figures
The speculative business was only fair, and
June was the favorite option. Sellers were
not as numerous as usual, and a steady
feeling prevailed. The market closed with
the near futures showing % Bc better
figures than yesterdays closings, while the
deferred deliveries were not much changed
Rye was steady and there was a very fail
Offering of car lots and ready demand
Fair sales were made. Little was done il
futures. Barley was almost Iifeless. The
supply of sample lots was light; still it ex
ceeded the demand and sales were slow
Very little remains, and is held by consum
ers, so little is offered.
The market for hog products exhibited &
fair degree of activity to-day, but the feel
ing was somewhat unsettled and nervous,
and prices fUctuated considerably within
q moderate range. At the opening the
market exhibited some strength, and price:
were slightly improved, but the Offering:
for future delivery were materially increas
ed and prices ruled to the inside range
During the latter part of the session tht
feeling was steadier, and the market clos
ed comparatively steady at medium fig
ures. Shipping inquiry rather light
Foreign advices showed no materia
change, and the eastern mar
kets were steady. The receipts
of product were fair and the shipment
moderate.
The demand for mess pork was quite
active and the offerings were free. Price
were advanced 5@1Oc early but sool
weakened and gradually receded 15@ zoe
Toward the close they rallied again 5@10
and closed steady. Cash in moderate re
quest and prices steady.
The inquiry for lard was active and tn
offerings were free. Prices on the who'll
range showed little change. Cash in ligh
request, May in fair demand.
The hog market is gaining some strengt
from falling off in the receipts. Onl
5000 arrived to-day and sold sc higher.