Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-12
NORTHERN PACIFIC STOCKS
Lead the Dance On Wall Street at
Advancing Figures.
MILWAUKEE & ST. PAUL COMMON.
To be Doomed by a Pool Combination
According to RumOr.
CHICAGO.
Especial Telegram to the Globe. ]

CHICAGO, Aprll 11.-IeSteruay'S advance
was fully sustained to-day notwithstand
ing very unfavorable European advices,
wheat being quoted 699d lower at Liver
pool, but this was counterbalanced by the
adverse report issued by the government
agricultural department in regard to the
winter wheat crop. at one time a substan-
tial gain had been made all round, but this
was lost, and at o'clock prices were very
close where they were at that time yester-
day. A little frmer feeling prevailed dur
ing the afternoon, and a fractional ad-
vance was made over the closing board
quotations. On all sales of winter receipts
of grain made to-day the seller is required
TO deduct &c from the price in order to
make it regular on delivery. This
is made necessary by the rule which
requires grain sold as regular to have five
days to run on current storage As sum-
mer rates commence on the 18th winter re-
ceipts have but four days to run.
For wheat, quite an active demand again
existed, and the market ruled frmer, and
prices averaged higher. The receipts were
smaller and crop reports were less favor
able. Market advices were also indicative
of steadier feeling. A good many buy
ing orders were received and there was no
pressure to sell. Shorts were also buying.
The market opened shade lower, infu-
enced no doubt by clear weather, but under
an active demand prices were advanced
10135c with the July delivery showing the
most strength, but toward the close
ruled weak again, and finally
closed at about closing figures
at 1 o'clock yesterday. But on the call
values were advanced $50 &c, May ending
the day at 5ll@558c. The sales were not
large although there seemed to be lively
demand. The general impression seems
TO be that things have about touched bot
tom, and there is quite disposition to get
long. The strength shown has caused
good deal of Uneasiness on the part of
those shorts who sold at the late low pri-
ces, and they are buying in, and there was
not much doing in winter wheat with little
offered and little demand. There was
moderate inquiry for spring, and frmer
figures.
Flour was quiet and slow, and there was
little prospect for trading with more stock
offered, and at lower prices, but buyers
were slow to bid and were not willing
to pay near present prices, and
taking little but the low grades.
For corn an active speculative and ship
ping demand again existed, and the mar
ket ruled stronger, with prices for the
lower grades exhibiting the greatest i'm
provement. The receipts were smaller
and the tenor of market advices from other
points were a little more encouraging.
Shorts were buying freely, and there was
no special urgency to sell. The market
opened easy, and early declined about
38@15c, but later rallied 28@1c per bush
ell, reacted and finally closed 1sc higher
for May, 15c lower for June, and &c lower
for July, than closing figures on 'change
yesterday. No. 2 was in good de-
mand. Call prices were 4@2sc higher
than the above, and were held firm; 60O,-
900 bushels of May sold on call at 545s
@5415c.
Trading in cats to-day was little dull
and orders on the market were generally
light. Prices fuctuated over a small range,
and early in the session futures were a
shade better, but the demand was light and
no improvement of account was main
tanned. Cash oats were scarce, so far as in
store offerings were concerned, and 4115c
was bid for car lots of gilt edge. Sample
lots in fair supply, and they met with a
very good demand, so that they were all
taken and prices were slightly frmer. Flu
ture deliveries were rather dull
there being less than the usu-
al interest manifested in the market.
Prices were steady and slightly better.
Rye was firm and higher. Cash rye wa;
in light supply and there were very few of
ferings for future delivery and moder
ate demand existed.
Barley was almost entirely nominel
There was nothing done aside from few
sales by sample. The offerings were small
and the demand very limited. On the reg
ular market there seemed to be no orders
either to buy or sell.
The demand for hog products was fairl!
active and the offerings were rather free
The market was stronger in general way
and prices averaged higher on all the lead
ing descriptions, though the improvement
was only moderately maintained. Ship
pinginquiry rather light, and orders chief,
for small quantities. Foreign advice
indicated a stronger feeling abroad, anc
lard was quoted SC higher in Liverpool
Eastern markets exhibited little change
The receipts of the product we're moderate
and the shipments nOt very large. Pork
although ruling higher, closed only trif
over yesterday. Early in the day the mar
ket was frmer, and prices ruled 1900
per barrel higher than at the close yester
day, but later weakened under moderated,
free offerings for future delivery, an,
closed nearly the same as on Tuesday