Daily globe., 1883-08-16
CHICAGO.
Especial Telegram to the Globe. |

Special Telegram to the Globe. ~
CHICAGO, Aug. 15.-The improvement
which had its inception yesterday was con
tinued to-day for time. Rumors from
New York of another stock failure de-
pressed prices, but it becoming known
that the failure was small, steady advance
took place and the close was at about the
highest point of the day. The volume of
business was fair and the feeling quite
healthy.
The wheat market has been more quiet
to-day, but an undertone of strength was
noticeable that was a surprise even
to the bulls, foreign markets continuing
strong, and the large increase, 1,75O,OOO
bushels for the week in the visible supply
and further increase for the
amount afoat for the united kingdom does
not seem to shake the arder of those favor
ing higher prices. There are many condi-
tions that favor the advance, but the fnan-
cial outlook has induced the most promi-
nent supporters of the market to withdraw
and it looks just now as though the crowd
were we'll loaded with long stuff waiting
for buyers. Prices fuctuated within a
comparatively small range. There seemed
to be no special desire to sell, and the Of
ferings were only moderate. But 116 cars
were received, $4,000 bushels shipped,
and vessels chartered to move $4,000
bushels. The market opened about the
closing figures on Change yesterday, ad-
vanced &c, fuctuated kut slightly, and
closed A@$sc higher than yesterday.
Llndblom says the strength developed
in wheat yesterday towards the close of
business has continued to-day, and while
the transactions have been comparatively
smaller, there has been no pressure to sell,
and very little offered, and close strong
and 115c higher than Yesterday. The lead
ing bear houses have been full of buyers
during the closing hour OF the session of
the more deferred options, and the local
crowd seem undisposed to put out
short lines. We get reports of
more settled feeling in Wall street with
decided improvement in stocks and the
general feeling is that the worst is over.
Winter wheat ruled firm to-day and prices
higher all round, and the receipts were
smaller and there was an active shipping
demand. In the -four trade quiet feeling
existed and prices were steady. Local job
bers made few purchases, but merely to
supply actual wants and an occasional sale
was made. Exporters are holding of,
claiming that the frmness in freights in
terferes somewhat with their movements.
Orders at best are very few and generally
limited in price below the views of sellers.
The corn market was again quite active
and the feeling strong under sharp spec
ulative and shipping demand. Market
advices from other points were also en-
couraging, and the receipts were consider
ably smaller than yesterday. The market
opened at about the closing figures on
change yesterday, advanced trife and
ruled steady and firm for awhile, and then
advanced 5s@Ac above inside figures,
eased off trifie, fuctuated slightly and
then finally closed about 3sc higher than
yesterday. No. 2 was in active demard
and sold very early at sic and later at
$4,000, and closed at SIC. High
mixed met with an active
demand and prices 1@111c higher.
Rejected also in good demand
and prices 1c higher. Heavy rains have
prevailed throughout Missouri and at
other points, which has been a bull point.
There were 613 cars received to-day, 26l,-