St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-04
Wall Street Active and Buoyant
with Lackawanna Still a
Feature.
Markets on Change Moderately Active
with Grain Adversely Affected
by Fair Receipts.
Wheat Moderately Active in Speculative
Way-Corn Active and Lower-Hog
Products Strong.
An Increase of Fifty Per Cent. Over Last
Year in the Worlds Stock of Wheat.
CHICAGO.


CHICAGO, March 3.-The markets on
'change were only moderately active and all
articles dealt in for future delivery showed
lower range of prices, grain being adversely
affected by fair receipts, the absence of large
buying for an advance and easier markets
at the seaboard. The factors calculated to
strengthen provisions were favorable to the
bulls, the aggregate stocks of hog products
here being only 1862, ,0OO, 900 pounds, against
POI ,000,0 900 pounds on March 1, 1888. The
receipts of hogs were also small and the
quality poor, but the outside demand was
small and business dull.
Wheat was moderately active in a specula-
tive way for future delivery, but the market
was weak and prices irregular. The influ-
ences were decidedly favorable to the bears,
including lower quotations from New York,
dull and heavy English markets, large stocks
in foreign ports and reports that the winter
wheat fields as a rule were well covered with
snow, thereby insuring the plant from pres
ent damage from cold. The receipts were
also fair considering the circumstances, and
only 900 bushels of No. spring were with
drawn from store. The demand for futures
was mainly to cover shorts and
scalpers who yht on the breaks for an up
ward turn in prices The opening on 'change
was at 97G9735; receded to 9614 on free offers
to sell, including good many lots on which
the margins were exhausted, and others on
which stop orders had been placed. The
bears also hammered prices well through the
session, although the covering by shorts
1 1.e&
hour and prices rallied and closed on change
a s6 5@9G% May Although the stati ;tical
position of the market is weak and other in
tuences as a rule unfavorabIe for an advance
trading on the call and curb was light at
959I@962lc for May.
A. NJ Wright & Co.'S, circular for to-day
has the following: The statiscal situation of
the wheat trade as reflected by stocks at the
chief points of accumulation in this country,
Great Britain, France and Russia, and afoat
on the ocean destined for the united king
dom and contin ntal Europe, February "a,
1884. ami the same time in 1888, as follows
1884. 1883.
United States east Of
''Rockies' ........ 31,474,OOo 9a,4OS, ,O9O
In English markets for
eign) ................. 100000 900 16,1sO,OOo
English wheat in store. -. 16,000,000 100000
Afoat for united kingdom 16,400,0O0 1s,200, 900
Foreign wheat in France. 1907 900 3,11T, 900
Black sea Russian ports. 10,667 900 6,650,000
North Russian ports. 8,000000 100000
Atoat for continental Eu-
rope .................. 2,4sOOOO s,aOO, ,Ooo
Total bushels. ....... 126. .OSS, 900 79,T55,00
Corn was moderately active on speculative ac
,ount, but prices were lower and rather irregu
lar, the demand for No, 2 being largely to carry
short sales on which there was a profit, q few
purchases being made to close up sales, put out
at 62063c. No. 2. opened at 57c and on free
selling for account of large operators, and fair
offering by shorts, prices receded to 562sc from
which they rallied under demand to cover pre-
vious sales, and closed on change at 561I @56@sc.
The receipts continued liberal for the past
forty-eight hours, aggregating $40 cars Of which
~ were contract. Shippers bought low grades
quite freely and the market held up well, the
break in futures having little effect
Oats exhibited little more life, but trading
was entirely local and closed quiet at 14@asc
lower
In hog products the posting of the stocks here
this morning had little effect on the market
which, on the whole, was quiet and weak,
~ trading entirely of local
speculative character. The offerings were fair,
the chief demand being from shorts who did not
appear particularly anxious to protect themselves.
An advance of cd on beacon and Sd on lard was
reported from Liverpool, and firmer market for
hogs with very light receipts. The shipping de-
nand continues light.
May pork opened with sales at sc over Satur-
days closing at S1s.15, advanced to $500, weak
ened on fair selling by the general crowd to ST.
921a, and closed at S17.97A@1S. 90 lard Auctuat-
ed between 9.57k @9.7 .7215 and closed at the inside.
Short ribs declined 714@1O, ranged at 50 271a@
9.3215 for May, and closed at S9.27.h@9.30. The
stocks of provisions on hand in Chicago on the
dates named, reported to the board of trade, is
as follows