Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-18
PROVISIONS STRGNG AND ACTIVE.
An Increased Demand-COnfiict Be
tween the Live and Dressed
Beef Trade.
THE DAYS DoINGs IN WALL ST.
Northern Pacific and Northwestern the
Features Of Speculation.
CHICAGO.
Especial Telegram to the Globe. ]


CHICAGO, April Notwithstanding
the glut of grain in store, and the visible
supply elsewhere, the market to-day again
tended upward strongly. May wheat,
which opened the week at $10515, ended
the day at $1.O82l. The feeling was
strong and active, and heavy buyers stood
under. The New York parties who have
hitherto been longs, have been the sup
porters of the market, watching its luctua-
t1ons closely, and at the first sign of a re-
action after break, their orders are in
to give the boom fresh lift. Local specu-
lators were also eager buyers. Although
foreign markets are more favorable, yet
the present sharp advance is so evidently
forced that it is hard to account for the
persistence with which higher values are
sustained, and big drop is freely proph-
esied as soon as the bulls have a suf-
icient profit. The bears, in fact, regard
the movement as huge scalp.
In the wheat pit on the board to-day
there was moderate business on local ac-
count, but there was very little outside
trade, and though prices were rather un-
settled, the general tone was strong and at
the close May was &c higher than at 1
o'clock yesterday, June 112c higher. and
July 119c higher. The market opened
rather strong, with fair local trade, and
sold up some, but there was an absence of
outside orders, and when the first rush to
buy was over the market commenced to
sag and fell &c, but later, under strong
oIx in 7yryi4h 4ho licyht
receipts the market strengthened and the
shorts became nervous and bought heavi-
Iy, prices advancing irregularly about 15c
from the lowest point, eased of some,
then 1uctuated and closed tolerably firm.
On call quite q struggle between
the bull and bear elements took place, the
latter attempting to break prices by a
food OF offerings. but the former by TAX
ing everything offered sustained and finally
substantially increased values, frightened
shorts again aiding. The sales were heavy
for May, June and July delivery, being re-
spectively 100000, 275OOO and 100000
bushels. Spring wheat was in fair request,
but there were few sellers and everything
was quiet. Nothing was done in winter.
Flour was more active for the finer
family and bakers brands to still dull and
above shippers views for all shipping
stock. The home trade was buying more
freely, but outside orders are next to moth
ing and dealers were hardly paid for show
ing samples. Rye and buckwheat fours
were dull. Bran and millstufs were
bringing full previous prices and were il
lighter supply.
Corn failed to keep up with wheat to-
day. There was quiet business, and the
trading was mostly on local account, out
side orders being very limited, and though
prices were somewhat irregular, the rang
was about as yesterday, and at the close
May was about 1sc lower than at o'clocl
yesterday, June 14c lower and July abou
16c lower. The first business was at abou
the closing figures at 1 o'clock yesterday
improved some, but then became weak il
sympathy with the break in wheat, an
fell off sc. Later wheat became buoyan
and corn advanced in sympathy. selling u
15c from the lowest point, eased off, anC
closed steady, but on the call a furthe
loss of 118@ 4c was suffered.
Oats opened steady. The receipts wer
light, and it was said arrangements ha
been made for shipping large lots Eas
next week. Cash offerings were small
Car lots were saleabIe in store at sligh
advance, and sample lots were also readil
taken, and ruled somewhat frmer earl1
Speculative trading was light, but th
morning feeling was firm at an improve
ment over yesterdays closing price
There was firm market for futures. A
though trading was not so active as usua
and the attendance of operators ligh
prices advanced shade beyond yeste
days outside quotations. and closed on ii
board quite firm at 38@15c over yeste
day, but on the call this advanta,
was in great part lost, the feeli1
being then dull and quiet at 1a@1
lower figures.
Rye opened quiet, with the demand al
offerings equally small, admitting of We
little trade, but the feeling was firm al
tended upward, ending the day at an a
vance of a full cent.
The sample offerings of barley we
small and there was not much demar
Still with a light supply prices rul
steady. Car lots offered to arrive with ]
demand.
Provisions to-day exhibited more a
imation and a frmer Feeling prevaile
due in large measure to stronger set
grain markets and better speculative
quiry for pork, lard and short ril
mainly from the shorts. The shjppil
demand was not good, though there "
some inquiry, but it was based on yestt
days quotations, while sellers asked
advance. Receipts of hogs were relative
light, and the market was sick, no seIlt
taking hold to any extent even at a conc,
sion of 10@15c per 100 pounds. Pc
,uas moderately active ffrrner and hinh