Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-17
OTHER GRAINS IN SYMPATHY.
Hogs in Light Receipt and Firm-PrO.
visions Higher.
THE STOCK MARKET WEAKER.
The Floods and Bad Business Having
an Effect on Prices Manitoba De-
clineS Three Points.
CHICAGO.
Especial Telegram to the Globe. !


cts and the rains throughout the country
still seriously interfere with telegraph and
mail communication and limit the volume
of outside orders, trading on Change does
not slacken. Another large days business
has been finished and prices in all markets
have been advanced as result. Each up
ward movement brings out liberal offer
ings, but no matter how heavy they be
they find plenty of traders. Both wheat
and corn have been very buoyant to-day
and the feeling was most marked during
the closing hours. The gain made in both
cereals was unexpectedly large, particular
ly that of the afternoon, when there was a
grand rush to buy. Provisions showed
more life than they were wont to lately,
being exceedingly active.
On the board wheat was again active and
trif1e unsettled, fuctuating about 115c
during the session, and at the close Feb
ruary was about &c higher than it closed
at 1 o'clock yesterday. March &c higher,
| April about "a and May lie higher. The
principal speculation was in May, which
opened nearly the same as it closed at 1
o'clock yesterday, but was rather weak for
time, there being but few buying orders
to be filled, and prices fell off about 10.
Later the demand increased and prices
| firmed up as the weather continued
threatening, and the rain began to fall,
May advancing 115c, again eased of,
fuctuated some, and closed steady. In
the afternoon increased competition among
bidders gave the bull feeling further
impetus and prices advanced again 15@1c,
half million bushels of May being sold at
1.1612 @1162. February was held higher,
but no trading was reported. The net gain
of the day was 115c for March, 12lc for
April and &c for May. The receipts were
light. and will show no increase for some
time unless the weather should change.
| Advices from other markets continue IA
vorable to high prices. Winter andspring
are held very firm, with light offerings and
a good demand.
| The condition of the -four trade is I'M
changed, the feeling among holders being
| in favor of still sitter figures.
An active demand again existed in the
corn market, and large speculative bust
ness was transacted. The shipping de-
mand was also good. The feeling was
| again quite unsettled, and prices we're IT.
regular. Trading centered chiefly in seller
| May, this future for several days being the
chief attraction. The receipts were
smaller, the weather rainy throughout the
West, and foreign advices favorable to
holders. The market opened shade bet
ter, but prices quickly fell off about 10,
under free offerings, then rallied, with
some fluctuations, 11sc for the near fu-
lures and 1870 for May, fuctuated slightly,
and finally closed 5sc higher for March,
&c higher for April, and 1sc higher for
May than the closing figures on change
yesterday. No. 2 and high mixed were in
good demand, rejected active and buyers
| Disseminated but little regarding location.
| New mixed was weaker and 115c lower.
New high mixed quiet. Sample corn active
but not as firm as yesterday. Ear corn
very dull. May, which will attract good
| deal of attention before its maturity, be-
ing already in the hands of a crowd of bull
operators, was very excited, and fuctuated
1910 during the session. In the afternoon
it gained another 1sc, while February and
March advanced &c, and April &c. Feb
ruary closed at 58c, but what little was
sold on call brought $3.50. At one time
May sold at 63c, three-quarters of mill
ion bushels going between 625sc and this
figure, but closed at the inside.
There was brisk trade in oats. April
attracted rather more attention than has
as yet been shown this future, while Feb
ruary was unusually quiet. A firm feeling
pervaded the market, and as compared
with yesterdays closing quotations prices
exhibited 4@15c improvement at the close
of the regular board and the gain was in
creased to 1a@Ac in the latter dealings of
the day. The speculation was heavy for
cash and the nearer futures. The offerings
of cash were light and stronger. The
corn market helped to the appreciation.
No. 2 cash was hardly to be had in store
and samples were doing well, bringing
higher prices
Rye was quiet; No. 2 cash sold shade
better than yesterday. There were only
few sellers offered. Shipping orders
were limited and the demand mainly
speculative. Sample lots slow. May was
about the only delivery receiving attention.
At the opening there were fair offerings
and the feeling was easy. Later, when
corn advanced, sellers withdrew and the
market was steady. The feeling was very
firm and tending higher during the clos
ing hours.
No. 2 cash barley could again be bought
at CSC, but sellers failed to obtain bids.
The general market was dull. No. in
store was not even mentioned. Holders of
sample lots had to allow concessions in
order to sell, and even then they could not
close out. Sample lots were very dull.
Considerable interest was manifested in
the market for hog products to-day, and
largely increased business was reported.
Shorts entered the market early in the day
and the orders to purchase on behalf of
outside parties were large, consequently
the speculative demand was quite
brisk during the greater por-