Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-23
THE BULLS RAMPANT.
THEY SCORE ANOTHER SUCCESS IN
yesterdays GRAIN TR4DING,
Wheat Forced Up Several Points, AMI Corn
Likewise ACKNOWLEDGEMENTS Activity and
Higher Prices Realized for Provisions.
Especial Telegram to the Globe. !


CHICAGO, April 21.-The bulls had no
opposition to-day. As usual the movement
started in the wheat pit, where rumors be-
came current that Armour & Parks who
represents the New York syndicate that is
dealing here, had combined to force prices
up and had fixed on SIPS bushel as their
limit for May. The short interest became
alarmed and bid figures up rapidly. Corn
gained strength in sympathy. Provisions
were buoyant and excited, and other mar
kets were Influenced.
In wheat, as before stat q ssrong
feeling was developed, and ;IG4ing was
active with prices ruling consi6erably
higher than yesterday. There y IS nothing
particular developed in outside infu-
ences to cause the sharp advance,
but there was an urgent speculative
inquiry both on local and outside
account and to this was the advance
attributed. The feeling was nervous and
decidedly publish" and while offerings
were quite liberal and required a continual
advance to bring out sellers and enable
buyers to fill their orders. The early mar
ket was from the same to I@3sc higher
than closing figures on change yesterday,
but I@$8c lower thar the closing figures
on call board yesterday afternoon. Later
under an active demand prices were ad-
vanced 24@258c above inside prices, and
finally closed PIC higher for May, PFC
higher for June, and 238 higher for July
than the closing figures on Change yester-
day. June and July are now the principal
futures traded in. Winter and spring
wheat were held higher owing to the ad-
vance in the speculative grade, but little
business was transacted in either. Although
the demand continues moderate the offer
ings are liberal.
Flour was more active, and dealers were
asking better prices for all qualities, and
were said to be obtaining good advance
for the finer family and bakers brands,
with the options in wheat giving decided
change in tone to this market, while with
light grinding for some time it is thought
an established advance will be sustained.
Rye and buckwheat -four were quite low.
Bran and millstuffs were in lighter supply
and doing better.
Corn was active and prices higher,
due to speculative influence. Receipts
were a trifie larger and foreign ad-
vices less favorable, but influence
by the upward tendency OF wheat and an
urgent demand on speculative account, with
no great desire to sell, higher range of
prices was established. The markets
opened easier, and prices earlier ruled
about = lower, but later advanced Ia c
per bushel for various futures above the
inside prices, then receded triGo, fuctu-
ated, and finally closed &c higher for May,
re higher for June, and 1ac higher for
July, than the closing figures on Change
yesterday. No. was again in good re-
quest, and offerings only moderate. There
are good many outside orders coming in,
and local business to-day was OF moderate
scale.
Oats were rather quiet. The market was
but little influenced by the advancing ten
dency Of the leading markets. July was
the only future which improved materially.
Cash oats were quiet and tame: No. 2
quoted at 414c, and other grades nominal.
Sample lots in larger supply. Offerings of
mixed oats rather exceeded the demand, and
they were easy, but sold fairly and ruled
steady. The entire daily arrivals are 60
ing in the sample market and bringing
more on track as free on cars than can be
had for the same grade in store.
The speculative business undoubtedly
would have been heavier to-day had not the
attention of the principal operators in this
hpnJ1 NV no
in other markets.
Rye was very firm to-day, but nothing
of account could be done, owing to the
scarcity of sellers. A good inquiry exist
ed, and full yesterdays prices were OBJ
tanned. Sample lots of barley were slow
and easy. There was some demand for
No. in special location. The general
market was no better, and trade was lin
tied.
Provisions showed unexpected life to-
day; activity, frmness and buoyancy were
the features of this market. Under the
influence of an active speculative demand
which appeared at the opening,
and was well sustained throughout the day,
strong feeling, accompanied by sharp
upward movement was witnessed. Higher
prices were the rule, and the advance real
lied which was general and substantial,
was well supported up to the close.
Pork was the favorite article with specu-
lators, though in lard and short ribs
good business was transacted. The DAVIS
trading aggregated large volume. The
trading in pork was characterized by un-
usual activity and excitement. The specu-
lative demand was larger and more urgent
than on any day for some time past, and
higher prices were established
all round. Opening sales were
made at about the closing prices on yes
terday's call, but the market promptly
improved and closed 32H@35c higher
than opening figures. The trading was
confined mainly to May and the later
futures. Cash was quiet. April inactive.
Lard was in good speculative demand
and higher, the advance established
amounting to 719@1o cars compared with
yesterdays closing prices on change. May
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