Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-17
PROVISIONS SOMEWHAT BETTER.
A Good Demand for Pork and Lard al
Enhanced Prices
SPECULATION IN WALL STREET
The Effects Of the Consolidation Of the
Gould Interests on the Market.
CHICAGO.
Especial Telegram to the Globe. ]


CHICAGO, April 16.-On change to-day
the markets for the leading cereals were
stronger and higher. The trading was toler-
ably active, but mainly of speculative
nature. May wheat rose Ia to &c. Corn
advanced to 1870. Rye was Il to 115c
better. Barley was strong. Hog products
were moderately active. Mess pork IL to
of storage are now enforced. All deliver
les on sales must now be made on the
basis of l &c storage, with five days to run
on first storage when delivered unless
otherwise agreed upon between buyer and
seller when trades are made. Parties de-
ivering winter stored grain On contracts
must deduct from the selling price suffi-
cient SO that the receipts will have few
days to run on l. &c storage. This change
in storage partially accounts the diff
ference in cash prices and seller for the
month as compared with Saturday.
In lake freights the inquiry for vessels
was light, and rates were nominally un-
changed; quotations range at 34@4c for
corn and 4941l4c for wheat to Buffalo, and
62lc for corn and y fc for wheat to Kings
ton. Railroad freight steady on the basis of
60c -four, 30c grain and 35c provisions TO
New York.
Flour was quiet and hardly any trading
was possible, with home and outside de-
mand next to nothing, and traders were
too wide apart to expect any business, still
the quantity on hand was lighter and there
was more disposition shown to hold for
the future and not allow sale at the low
bids. Rye and buckwheat -four were dull.
Bran and all miIlstufs were selling rapidly
and at firm prices.
Winter wheat was quiet and ste e4dy, with
sales of No.2 red at sI.09. Nc. quiet
and nominal at 91999c according to
grade. Nothing doing in rejected. Spring
wheat was in good request for No. .,
and firm early, gilt edge closing
at $1.O5. No. 3 at Gle. Nothing
doing in rejected. Regular No. ? wheat
was fairly active and opened stronger and
fully 1c higher than it closed Saturday,
ruled firm and sold up irregularly &c
from opening and about PIC over the
closing price at 1 o'clock Saturday, then
became easy and declined 55c, afterwards
! advanced somewhat at the close. May was
about &c higher, June 158c higher, and
July 134c higher. Later crop reports
were again unfavorable and the day
opened with brisk short demand, the
eagerness to buy in giving prices a sharp
upward turn, while there was pretty fair
investment demand that served to increase
the frmness. The advance brought out
heavy offerings, and with the most press
ing orders filed, the market finally weak
ened and fell off about &c, but then i'm
proved and closed firm. The outside
figures of the day were maintained
which showed an advance on those current
forty-eight hours ago of &c for May
15sc for June and 156c for July. April
quiet and quotably 1M@2c under May.
and closed at $1.O5H. May was fairly
active and sold sparingly at extremes, and
closed at S1.O715. June was in good re.
quest and quotably 27s@24c over May
and closed at S1.O915. July in good re
quest and quotably A9lc over June and
closed at $1.1OA. Year quiet and closed
at S1.05.
Corn was fairly active and frmer feel
lug was developed with prices ruling
higher all round. The receipts were fail
and foreign advices quoted corn steady
The speculative offerings were not very
large, and under a good demand. partially
from the short interest, the market ad
vGnced quite rapidly. The market opened
about 34@1c higher, and after some Sigh
fluctuations advanced an additional q a
Bc, then ruled easier, prices receding IS @
&c, fuctuatad and finally closed abou
178c higher for May, 1$sc higher for June
and 1c higher for July than the closin,
figures on change Saturday. No. regula
receipts in good demand, and closed at 53c
Receipts dated to-day quotably about j<
better, as they carry into May for 11c les
storage. High mixed sold at $3.50. Re
iected in fair demand, and closed at 462
@HHc, according to location. Ney
mixed in fair request, and special location
sold at 5O95OAc, and outside location
1870.
Oats were frmer, and prices for future
ranged 1a @ 1c oyer the closing quotation
of Saturday, but the full advance was nc
maintained. The speculative business don
was only fair. Cash oats on the sampl
market sold well, and ruled firm. On tt
regular market no cash oats of accour
were offered, but there were buyer
No. ? sold at 4215c, and No.
white sold at 45c. Futures wer
frmer and closed 1995sc higher, but 6
one time the market showed A@1e al
vance. Trading was only about fair. Apr
inactive and nominal at 42c. May close
1899. June closed at 1880. July close
at 41Bc. The year sold sparingly an
closed at 3315c.
q Rye, II sympathy with theiimprovemer
in other markets. rr1led steady and frn