Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-01
A Healthy Business Done on the Chi
cagO Board Yesterday.
WHEAT AND CORN MORE ADVANCED
A Good Business andi Better Prices
in the Provision Trade.
SPECIALIZATION IN WALL STREET.
Denver. Manitoba and Northern Pa
cific the Main Features.
WHEAT AND CORN MORE ADVANCED
SPECULATION IN WALL STREET
CHICAGO.
Especial Telegram to the Globe. ]

Special Telegram TO the UlODe.l
CHICAGO, April 30.-There was moder-
ate degree of activity on change to-day,
and a higher range of values all round.
Wheat was & strong leader, being bulled by
a good demand to fill outside buying or
ders, mainly from the East and an uneasy
feeling among the shorts, from whom
there ives lively bidding. Corn was weak
er than wheat but gained some strength
from sympathy, the longer futures being
advanced, but May failing to respond.
Oats showed the same effect Of the infu-
ence, but had to contend against increased
receipts and lessened demand. Provsi-
ions were very buoyant, the short interest
in them being also anxious to cover. Not
Withstanding the continuance of the i'm
provement in the arrivals of hogs, there is
growing conviction that higher figures
will prevail, and that McGeoch u Armour
will prevent anything more than tenn
porary break in prices, Armour's brokers
to-day were free buyers, while in the
wheat market they were quite conspicuous.
Tomorrow navigation will be formally
opened. Two hundred vessels, now loaded
with grain, will leave this port for Buffalo,
Kingston and Toledo. The new rate of
insurance will go into effect May l, and
then business by water will boom. 1t is
understood that the straits are now free
from ice to permit the passage of vessels.
A good deal OF interest was taken in the
wheat pit on the board. Prices changed
considerably, bat the tendency was strongly
~ eli odu
Saturday, the difference was increased until
at O'Clock the gain had become 15@1Bc,
the July option leading, while on the call
IA ! &c was added to this, but at one time
touching $1.1618 and over a half million
bushels selling at not under $1.15M. Local
influences induced the little boom, there
being little to favor the bulls in outside
market advices. except a triae more I'M
favorable average of the private crop re-
corded. Rumors are rife concerning the
combination formed to manipulate prices.
Spring and winter wheat doomed up with
the speculation grades, but there was no
noticeable change in the condition of the
flour trade. Stocks are at low point
millers not caring to work while there is
so little profit. 1t is reported here that
Minnesota millers have sufficient wheat to
last for some months to come, and are not
on the market to purchase.
Corn was quiet and easy at the opening
to day, with few offerings and slight de
mand, the trading being wholly on the
local account, but later Influenced by the
strength in wheat.
In barley June gained &c over Satur
day, July &c, while May WAS unchanged
The receipts were only moderate.
Oats were quite active. There was {
great deal of changing May contracts t.
June at 70 difference. July was the lead
ing option. April was almost neglected
most trades being settled up. May showed
a little weakening early, but afterwar(
ruled strong and improved with the othe
futures. The market closed the day will
the principal deliveries $8@36c higher
A good demand on shipping account exist
ed as well as the local inquiry.
The market for hog products was strong
er and higher, closing firm. The offering
were fair and the demand free, especial,
for leading articles for future delivery. A
there we're no urgent sellers, the bulls ha
by far the best of the market. The amour
of hogs received and lower prices il
that market as well as lower foreig
markets had no effect on the product. TIL
receipts were quite fair, and the shipment
liberal, although the appreciation in value
checked the shipping demand to-day
Pork was freely offered and the aggregat
sales were large. Prices were advance
SOC. The feeling was bullish throughout
Lard was not quite so frm,but improve
re. There was little tendency towar
easiness during the closing hours of tt
day. The settlement price for overplr
lard deliverable on May contracts has bee
fixed at $11.65.
Some $4,000 live hogs were received hel
to-day, and showed an improvement
quality. They found slow, weak markt
and brought 5@1Oc less than on Saturda a,