St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-13
Week ending Week ending Week euding
March, 1884. Mar. 8, 1884. Mar. 10, 1883


1000 10000 10000
The members of the board of trade voted
on and adopted, by large majority to-day,
the proposed amendment to section of rule
o., which provides for the delivery of prop
erty on the 18th of each month between the
hours of 9:30 and 80 in the morning on
the floor of the exchange. The board will
not open until 10 80 on that morning, which
will give operators u chance to make all their
deliveries of cash property and get their
checks before t1e opening hour, q thing that
has been impossible heretofore.
Wheat was active but nervous and higher
Liverpool cables quoted spot deliveries dull
and cargoes off coast and to arrive Cd per
quarter lower on red winter and No. 2spring.
Advices from English markets also reported
q material decrease in the amount of wheat
in passage to the United Kingdom from all
countries except the Atlantic ports of Am
erica.
A number of Inquiries were also made for
prices on flour. The market opened weak many
timed holders forgetting that of
late the foreign cables have exerted very
little influence on values and when
the first rush to sell was over, the offerings
were light and the buying demand being
liberal, prices took an upward turn and al
though the most prominent bears who were
evidently buying very freely, through brok-
ers made persistent efforts to break the mar
ket by Offering enormous blocks in person.
The demand for moderately sized lots was
steady throughout the session. Opening
sales were at 96$s@9615c May, sold at 96Ac,
steadily appreciated to 977s@Ac and closed
at 96$l@5sc.
In addition to the large amount
taken by shorts to cover and
buying by scalpers, there was liberal bust
ness in filing eastern and interior orders,
the latter being called out by anticipated
damage by freezing. On the call Lester was
heavy purchaser, and prices were bid up to
96Xc, and afterwards on the curb the last
sales were at 97c.
A leading house wired their New York GUS
TONERS tonight: 'Wheat comparatively
steady. Think it a purchase on weak
spots"
Corn fully responded to the improvement
in wheat. The situation was also strength
ened by decreased receipts, the inspection
showing only 2S5 cars against 466 yesterday.
The order demand from other points was
good, and the buying for that purpose in
connection with very large covering by the
heaviest shorts, and the prospect of an early
and large, reduction in railroad freights east,
gave sellers a decided advantage. No. 9
opened at 564@%c, sold at 575sc, and
closed at 575S915c for May. Low grades on
-, oh;
firm, and the general feeling more confident
in connection with very large covering by
Lester and the tbig four,'' who are the heav-
lest shorts.
OOats were fay raoly affected by the strength
in other articles, and prices advanced ss@1ac
and the improvement was fully supported.
There was fair business transacted in the
market for provisions and firmer feeling
prevailed during the greater portion of the
session, and prices averaged higher, though
fuctuating considerably within moderate
range Offerings were fair on speculative
accounts, and the demand moder-
ately active with trading almost
exclusively in ntracts for May and
June deliveries. The shipping demand was
light and product generally was held above
the views of buyers. Foreign advices showed
no particular change and the eastern markets
were comparatively steady. The receipts of
the product were light, and the shipments
only moderate.
Pork was stronger, the local trading in
futures aggregated fair volume, and the
feeling was more assuring; prices opening
at $3.50. May sold at S1S.05 and closed at
,$1S,o21S, on 'change and at S1S.O715 on the
cWrb.
Lard showed a little more animation in
speculative way for future delivery and al
though the demand was mainly to cover
shorts, prices advanced 10c per 100 pounds
on Yesterdays last sales and closed sc under
the highest figures.
Short ribs were sparingly offered for either
present or future delivery, the speculative
demand for the latter fairly active and
prices were well maintained at an average of
71l@1Oc over yesterdays last sales, and
closed at about the outside figures of the ses-
sion.
Milmine, Bodman g. Co. say: "Nothing
new in the general situation, certainly moth
ing warranting permanent advance in
prices. We still think wheat good sale on