Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-19
WHEAT SCORES ALARGE ADVANCE
Corn Still Eagerly Sought at Increased
Prices.
HOS PRODUCTS SOME HIGHER.
The Stock Market lively for Time in
Early Dealing.
CHICAGO.
israciaI Telegram TO the Globe. !


been advanced, and the feeling at The close
was rarr steady. On the board the mar
ket vas active and large speculative
business was transacted. Prices ruled
stronger and advanced after some fuctua-
lions 10 a point li%01t5c over the outside
prices on change yesterday, Auctuated
and finally closed within 3$@15c of the
outside prices reached. The advance is
attributed to q very urgent demand from
''shorts,' who were covering freely, infu-
ence6 in their action by the limited re-
ceipts and fears Of light arrivals for the
present, on account of recent floods and
high water throughout the country. The
market advices are also encouraging to
holders. The colder freezing weather also
had some effect on the market. The bulk
of the business is still in the May option.
Spring ana winter were firm, with small
offerings.
Flour was quotably firm, and ruled more
active. 1t is impossible to obtain suitable
stock. with outside buyers having their
limits raised and home trade looking
about, but with limited offerings and firm
holding restricting business. Rye and
buckwheat flour firm. Bran and all mill
stuffs were doing we'll.
There was rather active business in
corn to-day, and buoyant feeling ge1er-
ally, thorgh trading was attended with
more or less fuctuation, and at the close
cash or February was about q higher than
at l O'Clock yesterday; March 10 higher,
April sc higher, and May &c higher.
There was a sharp improvement on call
yesterday, and the first sale to-day was at
sc advance over the closing at l o'clock
yesterday, but ruled weak and fell A@15c,
then business, excited partially in sympa-
thy with frmness in wheat, and par
TALLY owing to the fact that several
strong firms seemed to be buying heavily
and March sold up 128cIfrom lowest point,
April 116c and may 1910, then eased off
sc, afterwards fuctuated and closed
steady. The receipts to-day were $50 cars.
of which % inspected No. 2. Spectators
bought freely, influenced much by the
same reasons given for wheat. The ship
ping demand was better for lower grades,
and higher prices paid, the colder weather
giving shippers moro confidence in the
grading of their consignments to sea-
board. The appreciation in both wheat
and corn this week has been remarkable.
February closed Monday at 551 to-day at
5S15c, gain of 34c May, Monday $500,
to-day at 6318c, or 458c better. On Mon
Gay February wheat ended the day at
$1.O52lc and May at $111Ac; to-day they
closed at $1112lc and $1.1724c, an appre-
citation of &c in each case.
February is now selling where
May did at the beginning of the week.
Oats to-day were active and decidedly
stronger. Cash scarce and called for at
high prices, and all futures were traded in
freely and at a big appreciation from yes
terday, with the bullish tendency in other
markets helping to higher range under
this head. No. , cash sold, for the few
cars offered, at 400 4O15c, and sample lots
were Going out readily at high prices and
particularly for the better cars of white.
Future deliveries were frmer and an i'm
portant improvement in prices was again
established. Lighter receipts and in
creased frnlness for the leading cereals
rather restricted the offerings. At the
same time a good demand existed, arising,
to some degree, from a desire to
cover outstanding contracts. The
advances in prices as compared with
YESTERDAYS closing was 15@1c with the
deferred futures showing the most improv-
ment July advanced beyond other deliv-
cries, ranging 115@158c above the price
paid yesterday. Rye was in demand and
at higher prices for cash and all futures,
with free buying orders helping to appre-
citation noted below; No. . cash was called
for at 66c, and all samples at relative rate.
Future deliveries were stronger.
Barley hardly traded in at all, outside
the sample market With firm prices quo
table. but with little disposition shown to
operate in either direction. No, was
about S5c and No. at about
SAC, with samples going out rea-
sonably we'll and at firm prices.
The market was active, stronger and gen
orally higher under good demand both
for immediate and future delivery and a
higher set of grain markets.
Receipts of hogs were small, the rail
roads being in bad order, and prices of
pro luct Tor future pork was active and
fir ar, closing 715@1oc per barrel higher
than the CUR es current at the close of
change yesterday. Demand for futures
quite good and shorts bought quite free.
Cash and February dull. Lard was also
quite active, firm and higher, selling up
5@715c above the prices current at the
close of change yesterday and closed
steady. Only 5000 hogs
were received to-day. Prices
were 5@1Oc higher and firm. In com
parative sense the trade in provisions the
past week must be quoted as quite salts
factory. Owing to the prevalence of high
water throughout the Ohio valley, railroad
and telegraphic communication has been
quite seriously interfered with, land for this
reason it is quite likely a good many orders
were not received that were intended for
our market, and on the other hand several |
orders that would have undoubtedly gone