Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-20
CORN ALSO ACTIVE AND HIGHER.
Provisions More Firmly Held at Bet.
ter Prices.
A SELLING DAY IN WALL STREET.
a Fierce Bear Assault on Z. g. N.-Th he
Whole List Affected.
CHICAGO.
ISpecial TeIerram to the Globe I

CHICAGO, April 19.-Corn to-day yielded
to the influence of the bUoyant feeling
l. other markets. and showed more
strength than for some time past. It was
another dull day, wheat making q further
substantial advance, which it fully main
tained to the close. Other grains and pro-
visions were generally in active sympathy.
The extent of the upward movement may
be a sustaining element, for within the
past few days the crowd has imbibed
baiish ideas, aud is strongly inclined that
way. Outside orders are largely buying
orders, and the bears are demoralized for
the time being.
For wheat on the board of trade there
was an active speculative demand, and
stronger feeling was developed, influenced
somewhat by the unfav3rable tenor of crop
reports. continued small arrivals and
encouraging market adyices from other
points. Spectators bought freely, with
the demand largely from shorts. The
offerings at times were very
smsu, operators evidently fear
ing higher prices. The market
opened about 15c higher than the closing
figures on call last evening, advanced
trile Immediately after The opening, then
became weaker under fair offerings, and
declined about q C. The speculative de-
mand, however, became more urgent and
prices took an upward course, advancing
1%@2c, fuctuated and finally closed
about 156c higher for May, 14c higher
for June, and 14c higher for July than
the closing figures on change yesterday.
An active business was done during the
afternoon, and although the offerings were
freer than in the morning, the demand
was not less urgent, and 14@15c more had
to be paid by buyers. The sales on call
aggregated nearly 100000 bushels, 8O0,-
900 being foe May delivery at $1.1OB@
I1118. Spring and winter were in fair
demand and little offered.
In the -four trade steadier feeling was
noticeable, and dealers were holding for
better prices, and being greatly helped to
this view by the heavy appreciation in
wheat, were refusing to sell short of con-
siderable advance, with the home trade
taking fair quantity of the better grades,
but with shippers and exporters of the
market refusing to operate. Rye and
bUckwheat -four were quite dull. Bran and
all miIlstuffs were selling more readily and
bringing firm prices.
Corn was more active and a stronger
feeling was developed. The receipts were
small. and market advices favorable, which,
together with the advancing tendency of
wheat, caused the frmness. Spectators
bought more freely and shippers also
bought freely. Offerings moderate. The
market opened B@15c higher, ruled firm,
and then fell off 4@55c, rallied again
later, and prices were advanced 115c,
fuctuated, and finally closed about 1910
higher for May, ~ higher for June, and
158c higher for July than the closing figures
on change yesterday. No. 2 was in fair
request, and receipts dated April 16 and
since closed about 54111o. Regular receipts
quotably about the same as April, and car
lots shade less than April prices. On
call there was an active inquiry and free
offerings, the sales aggregating 100000
bushels. Values were 4@3Sc higher than
at l o'clock, and 65O,OOO bushels of May
brought 5558 8@56c but the last transaction
reported was at 5524c.
The cash market for oats was easier.
There were larger receipts and there were
increased offerings of sample lots. num-
Der of round lots have lately been taken
from store, and the usual buyers were not
anxious about purchasing. There we're no
in store Offering. At the same time there
was no special demand, and bids for No 2
were reduced to 42Ic. Other grades
nominal. For future deliveries there was
in the aggregate a fairly active business
done. Prices were 1694c higher at the
opening. - When the receipts were
posted there was decline to
below yesterdays closings because the
receipts showed an increase. Firmness in
the other markets exerted a feeling of
strength and there was 9 reaction. The
near futures reacted to about yesterdays
closing, but the improvement for June
and July deliveries amounted to more than
this and they closed g higher. June was
qUotably the same as May at the close,
while at yesterdays close it was at IS C dis
count. There was q moderate activity
during the afternoon, and prices were
shade stronger.
Rye was firm, the market ympathizing
with the improvement in other cereals.
The offerings also were very light. The
speculative demand was moderate, but
shipping orders ware limited. On the
board about 15c advance over yesterdays
board quotations was established for cash
and futures, and on call May took a jump
from 61@62llc, and june from 6215Q63.
round lot of cash No. barley was
sold at 54c II was probably taken
for shipment, and It makes the first
sale IN store for some time. No. barley
remains nominal, and there seems TO be
no speculation in any grade or for any
delivery. The sample market was quiet.
small business could be done at about