Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-06
rHE GRAIN MARKETS STRONG.
Germ Advances i 1-2c, Closing Firm,
With Wheat in Sympathy.
A JANUARY CORNER PREDICTED.
Corn the Objective Cereal-A Further
Rise in Stocks in Prospect.
CHICAGO.


day by timid longs unloading, all grains
closed at an advance from yesterdays fig
ures. The improvement was most notice
able in corn, which early sold up for this
months delivery from sic to 527ac. At
this price a number of operators who had
bought in the neighborhood of SOC or under
closed out their deals and took their profits
then accrued. This caused drop to 512c
but the decline was wholly recovered be
ore the day ended on the board.
Wheat was active and decidedly strong
early in the day, but afterwards weakened
and fell of A@1c from the
highest point; then reacted
triae and afterwards fuctuased within
narrow rang ,and at the close January was
about &c better than it closed at 1 o'clock
yesterday; February 18c better, and May
about 1ac better. In the receipts of the
day there were a good many buying orders
to be filed and the shorts were nervous
and bought quite firmly. This demand,
with rather strong markets elsewhere, led
to the improvement. After the most
pressing demands were satisfied, the trade
became rather dull and prices weakened,
falling of q on January and 2sc on Feb
ruary, ana May afterwards improved
sharply and closed firm as above noted.
On call prices frmed up still further,
January selling &c better, closing at 969
961Sc. Winter to-day held very firm, and
spring was also in good inquiry.
Flour shows signs of better feeling. 1t
was held irmer to-day than for some time.
The demand was only of moderate char
acter. Still there was little more looking
around, and dealers look for better trade.
Exporters made few purchases, and local
jobbers also selected few lots of certain
grades for their trade. For corn quite an
active speculative demand again existed
to-day, and for the lower grades there was
good shipping inquiry. The feeling do
veloped was somewhat unsettled, and
prices were irregular, but reachsd higher
point all round than yesterday, with
January and cash No. 2 advancing moro
than the deferred deliveries. The receipts
were smaller and the short interest was
again rather anxious to provide for their
outstanding contracts. The market opened
at about the closing figures on'change yes
terday, and prices advanced 14@1$5c for
January, 15c for February, and &c for
May, then declined 14@24c for the various
futures, and finally closed about Is higher
for January, and Il C higher for February
and May than the closing figures on change
yesterday. No. was in moderate request
and car lots ruled steady at 5134c and
closed at 514c Bid; high mixed about the
same as No. Rejected in fair demand at
4315. New mized in good demand
and sold fairly with sales in special loca-
tions at 45c, and closed at 44A. January
took another bull squirt in the afternoon
selling M@$8 higher on call, and closing
the day at 5238@R. The demand con
tinued active, and all futures were frmel
than at l p. N.
In oats a fair speculative business was
done, and futures were very steady a
yesterday. No. cash was also in fair re
quest, and 1lc better with the Offering
small. Sales we're at 3534c; rejected abou
3115@32c, but none offered. Sample lot
were in very fair local and shipping de
mand. The supply was only moderate, and
there was good market fo
selling. Futures were steady and firm
with prices 1S@Ac better, and there was
fair demand. Prices held steady through
the day.
Rye was firm, and owing to the light re
ceipts, cash sales were effected at 15c ad
vance. Car lots of No. sold at 57115c; re
jeeted still about SOC. Sample lots quiet
Futures very quiet, but saleable at forme
prices.
In barley there was light demand il
store The market still drugged and price
were nominally unchanged. No. ranged
at about soc and No. SOC. Sample lot
were quiet The offerings were just mod
crate and the demand light. A lot o
choice Canada was sold at $1.O5.
Less activity was displayed in tn
market for hog products to-day, and tn
feeling was somewhat unsettled Early i
the day the market was stronger an
prices were slightly improved, but durin
the latter part of the session the offering
were more free, and lower figures wer
accepted on all the leading description
The shipping demand was active and sale
liberal, but were not fully reported. II
receipts of products were fair and th
shipments Of all kinds somewhat large
Advices from the foreign markets continU
unfavorable and lower figures were r
ported for pork, lard and bacol
The Eastern markets we're withol
material change. The demand for me
pork was moderately active and with tt
offerings free prices ruled 21l@5c high
early but declined 1O@121sc and close
steady. Cash quiet and steady. Janual
in moderate request and closed quiet. II
inquiry for lard was fairly active and Il
offerings quite liberal. Prices were 21s
Sc higher per 100 lbs. early in the day, b
the market weakened and the improveme
was lost. Cash was in good request al
steady. January was in fair dsman
Pork was fairly active during the closil
hours, but the inquiry for lard lrighten
board prices for both were held steady.
The receipts of hogs were $4,000 to-da