Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-27
Corn Follows Suit, But the Close Shows
Slight Recovery.
STOCKS WEAK AND FEVERISH.
The Bears Hammer Prices Little,
but Stocks Recover at the Close.
CHICAGO.
TSpecial Telegram to the Globe.


bat provisions hold their own. In the
wheat pit on the board moderate business
was transacted and prices were tritis ir-
regular but weaker, and at the close Fob
ruary was about 80 lower than it closed
Saturday, March 15c lower, April &c lower
and May about $8c lower. The business
was largely IN May, which opened &c
lower than it closed on Saturday,
ruled weak with a general disposition to
sell, and also influenced considerably by
the fine weather, and sold off irregularly
Mc,but at this point a mora active demand
became noticeable, the shorts who had
profit in their deals seeming disposed to
buy ID and realize, and there was also more
disposition t. bay for speculation. Under
this demand tbs market improved irregu-
Ilrly about 78c, afterwards changed slight
", and closed steady. Foreign market re-
ports were indicative of dull and weaker
feeling. On the call, Nay
lost another &c. Winter and Spring
wheat are quiet and lower, the
latter showing depreciation of 3l@lc.
The last few fine days are having tenden-
cy to aliay fears as to the condition of the
winter wheat crop, and bear feeling is
spreading among the heretofore bullish
crowd.
Even less than usual was done in the
flour market to-day, the continued depres-
sion in wheat having tendency to with
draw buyers, as for week past the feel
ing in the trade was one of dullness with
the condition of the trade unfavorable for
any business or better prospects for some
time to come. A big difference of opinion
was noticeable between the buyer and
seller in that millers and their agents were
holding for firm prices and refusing to
sell and reporting that there is no profit
in the manufacture, while buyers report
prices little if any better in Europe than
heretofore, and that it has not been paying
to ship for some time past The state
ment is made that Minnesota brands ship
ped by the millers themselves can be had
as low on the dock at Liverpool as can be
had here at present, and that all European
markets are full and greatly oversupplied
and buying orders have been entirely with
drawn or the limits reduced so heavily that
it has been entirely impossible to do any
thing beyond a fair sale of the
lower grades. The home trade
were taking a fair quantity of the
better family and bakers brands and ct
about previous rates, bat all shipping
stock was dull with the lower and change
able wheat market having some influence
in depressing prices. Rye -four was sell
ing slow and was hardly so firm, for best
brands. Buckwheat -four was dull and
sold lower. Bran and all mill stuffs were
doing better and bringing higher prices,
with the supply light and the demand
quite sharp, with bran selling up to $15
per ton.
There was fair degree of activity in the
corn market, and though prices changed
frequently, the whole fuctuation of the
session was scarcely one cent, and at the
close February was about &c less than
Saturday, March Ao lower, and May about
20 lower. The market opened weak, and
go less than Saturday, was steady for
time, but then began to weaken in sympa-
thy with the depression in wheat, and the
markets, and fell irregularly Sc on
March, and sc on May, but later still
there was considerable reaction, being
again influenced by the stronger feeling in
wheat, and may sold 1c over the lowest
point previously touched, reacted trife,
then changed slightly and closed steady.
The receipts to-day were 759 cars, of which
10l inspected No. and better. Receipts
Of No. dated to day, carry into May for
30 less than those dated Saturday, and
consequently command a premium, al
though but about sc. In the afternoon
prices were rather irregular, February
closing at Sc &c, and May at Gle. little
more frmness was shown toward the close.
The oats market averaged lower.
Futures declined 115c early on account of
the leading markets being lower. The de-
cline was fully recovered later, for sellers
were rather scarce and the demand was
equal to the offerings. Cash trading
was very light on the
regular market. Only few cars
were offered, nearly all consignments go
ing to the sample markets. No. 2 sold
sparingly at 3734c, which was about the
Same as Saturday. Sample lots in good
supply. No. white ruled little easier,
but other grades of cheaper oats were in
good demand, active and steady. For fu-
ture deliveries the volume of business
transacted was only fair. Prices were
about &c lower early. This decline was
recovered and sales ranged even tr1fe
above Saturdays closing,but the final clos
5ng prices did not show much change, but
on the call board, later, prices were fur
Their advanced 15@Ac and closed firm.
February sold at 40c. There were liberal
arrivals of barley to-day and large
increase in the supply OF sample lots
The demand was light and sales
slow. Prices were shaded 294c. The in
store market was neglected and inactive
and all futures easier. Many cars will
have to be placed as unsalabls on track.
Rye was weak and sold of about cent,
but recovered in the afternoon. The
decline was simply owing to inactivity,
there being only light demand and this
on speculative account. Receipts being
larger and other markets lower buyers
I