Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-23

perhaps 81 DSt"SAs
During the morning rye held
well up at Saturdays figures, neither the
inquiry nor the offerings being large.
Later in the day, however, easier prices
prevailed. Barley started out very active
Sellers were scarce and for time l@3c
higher prices were obtained, but the trad
ing was very light.
The demand for hog products was quite
active on speculative account early IN the
day, and prices were advanced materially
on all the leading descriptions,
Later, however, the feeling
was easier and prices receded
again andruled with considerable easiness
to the close. Shipping demand moderate
owing to the extreme cold weather. For
eiqn advices exhibited little change and the
eastern markets We're steady. The receipts
of product We're fair and the shipments OF
all kinds quite liberal
The demand for mess pork was quite
active early, and pliceswere advanced Is
02Oc. Later the market weakened and
prices receded 15gl20c and closed easy.
The inquiry for lard was
fairly active and the market was
firm early a, 5Q10c advance per 100
pounds, but receded again z%g5c per
100 pounds, and closed easy.
In the afternoon provisions were moder-
ately active but easier, pork closing
shade weaker than Saturday, and lard
with its full advance lost.
Live hogs were firm and 5@10c higher
to-day, but little doing. Only 10000 sue
ceeded in eyading the snow blockade,
which threatens to cut off all supplies.
Up to-day the grain markets
have had a decided boom For
some time daring the past week this has
been very noticeable.
In the wheat pit the trading was more
active than for long time and though
changed quite frequently the general ten
dency was upward and at the close Jan
uary was about 118c higher than it closed
the previous week February 438c higher,
March 4$8c higher, and May 324c higher.
The improvement commenced with the
opening of business on Monday,
and advanced with frequent
fluctuations, the highest point reached on
Saturday, when prices we're &c over the
lowest point reached on Monday, though
part of the advance was lost before the ad
joarvment on Saturday. The advance was
pretty evenly distributed among the differ
ent futures, each advancing in about the
same proportion. The frnness seemed
TO be the natural result of the bullish feel
ing that permeates nearly all classes.
Belief IN higher figures is wide
spread, and a large proportion
of the orders received by commission
merchants were to buy. The situation af
ter was by no means assuring, bad weather
and floods, and the unsettled condition of
affairs in France tending to cause an I'M
usual amount of nervousness on the part
of the shorts, who felt unusual solicitude
over light receipts. The tone of the mar
kot was still further strengthened by natu
raj sympathy with rather buoyant feeling
in corn. The combination of these differ
ent causes sufficiently accounts for the
strong feeling in wheat.
Among the corn men there was an active
business during the week under review. A
bouyant feeling prevailed, and at the close
January was 715c higher than the week be-
fore, February &c higher, March PIC
sher and May &c higher. The clique to
which reference was made last week has
held control Of the market, and to its ex-
istence more than to any other cause is the
advance to be attributed. The pertlnacity
with which the ring has
held on, and the strength
and cunning which have marked It's move
ments have caused increased alarm among
the shorts, who have been liberal buyers,
and there has been a large influx of tailors
who were anxious 10 get long and share in
the profits which they believed the opera
lions of the ring would insure. This de-
mand in connection with light arrivals led
to frmne5s. January advanced much
more than any other future, which was
due to the fact that that month
is thoroughly cornsrsd. 1t
is not believed that there
is much Of q line settled, but whatever it is
the ring held il all, and by buying up light
arrivals of No. and bidding prices up
have it in their power to put prices about
where they please.
In oats there was a steady appreciation,
from the opening on Monday to the clos
ing on Saturday for cash aud all futures.
The light receipts of cash and heavy ship
ping orders to all points east and south,
together with strong upward tend
ENJOY in the corr market,
was helping to higher. range
of prices, and the whole trade were buyers,
forcing quite an appreciation for the week.
No. . cash sold from $500 as opening for
Monday to SO 55@3815c for Saturday, with
very few cas- inspecting No. ?. and
nearly the entire arrivals were going to
the sample market. Samples were going
off readily and at better than could be
held in store, and particularly for better
cars Of white.