Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-27
LITTLE DOING IN OTHER GRAINS.
WALL ST. MEN BITTEN IN WHEAT.
CHICAGO.
Especial Telegram to the Globe ]

CHICAGO, March 26.-The principal
markets opened to-day below Saturdays
closing sales. There are no foreign mar
kets to speculate on, it being holiday in
England, but reports of rain on the Pacific
coast, the weather here, and the cold waves
in Manitoba were used successfully to af-
feet prices with but little effect. After the
first morning furry slight advance was
gained ali around, but this was lost before
1 O'Clock.
The death of David Mair, an old and
well known member of the board, was an
nounced on change and also on the auxil-
iary boards. he being member also of the
open and call, and suitable resolutions
were passed.
fair aggregate speculative business
was transacted in the wheat pit. The mar
ket at times ruled active, at others quiet.
The feeling was somewhat unsettled, but
prices did not fuctuate widely, the entire
changes being confined within a range of
&c. The market opened easier and about
20 lower, and after slight fluctuations
declined an additional l4c, due to the i'm
proved crop advices and the weakness in
corn. Reports OF rain in California, how
ever, were probably the principal reasons
for the weakness in wheat. Later, under
a good speculative demand, prices rallied
&c, fuctuated frequently within the es-
tablished range, and finally closed about
15c lower than Saturday for March, May
and June, and 38c lower for April. The
ri 1E
advices from some of the winter
wheat sections caused an in
creased pressure to sell, but the
consequent decline brought a good many
buyers on the market to cover shorts, in
which the bears had profit, and under a
strong competition among buyers, steady
New York market, and denial OF the rain
report, the recovery occurred, but the feel
ing was nervous and values very irregular.
In the afternoon there vas an active in
quiry, and prices ruled steady. About
half million bushels of May went on call at
$1.0958 CLOGS, closing at $1.09B asked.
The receipts were more than the average.
Spring wheat held tolerably steady, wit
moderate inquiry. Winter was in fair de-
mand, and little was offered.
There is no change in the condition of
the -four trade. The market continues
slow, and the business for
the week just closed was next to nothing,
with so wide a difference between buyers
and sellers that it was impossible to get to-
gether, and particularly when there was
seemingly little demand for the stock at
any price. We look to the export or for
eign trade for the bulk of our demand, as
the local trade is light one, and does not
need our $4,000 barrels per day, and all the
surplus has to find market beyond, and
as the production of the West is many
times the quantity named, it is giving all
millers and dealers can do to find place
for the stock. Buyers have been so slow
to come forward that millers have to make
their own market, and in sending so great
quantities to Europe and forcing
on sale on arrival has brought
about a big stock at all trade
centers, and has given this depressed tone
that now exists. Millers have been grind
ing on higher priced wheat, and are 10th
to come down to selling prices to cores
pond With present prices for wheat, an6
though the difference is not so great a:
previously, still buyers refuse to advance
bids and to bring about any trading. 0ul
prices will have to be shaded to the extent
of 25c per barrel at least. The home trad,
bought few lots of the finer family ant
bakers brands, while exports took hardly
anything bat new grade stock.
Rye flour was slow. Buckwheat fiou
was virtually unstable. Bran and all mil
stuffs were going slow and had to be shaded
considerably, or to the extent of S1@1.24
per ton with bran slow at $14 per ton. Th
receipts during the week were 10, O,79O bar
rels against 1868 for the same weel
of 1882.
Trading in corn to-day was active, bu
the feeling was generally fair, prices fuc
tuating about &c during the session, an,
at the close March was 10 lower than
closed Saturday. April was weak early
prices opening a c under Saturdays clos
ing, and fell off about 80 more, then re
acted in sympathy with the stronger feel
in wheat, and improved &c, then fel
off 12c under quite heavy offerings, bu
strengthened later and improved 20 from
the lowest point, eased off, then change,
slightly, and closed easy. CARROTS of gil
edge No. sold at 5224c. Straight higl
mixed was in fair demand and abou
78c over No. 2. Rejected wa
in fair demand. The receipts wer
large and did not bring out as many buy
ers as was expected, there being less dispc
sltlon to sell, except at brief periods, tina
on any day for fortnight. On the cal
the feeilng was frmer and values 1sc higt
er. About $4,000 bushels of May sold g
5528 @56c closing the day at 55M a SOC.
Oats were rather quiet and the attend
ance of operators was light Early i
the session prices for future deliveries DE-
clined 36m hc ON annnrn4