Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-07
MAY THE SPECULATIVE MONTH.
All Products Strong for that Delivery
Nearer Months SympathiZing.
A QUIET DAY IN STOCKS.
All the Lines Depressed, with no Near
Prospect Of Rally.
CHICAGO.
Ispecinl Telegram to the Globe. !

CHICAGO, Feb. Con change to-day the
order of things was reversed and the
bull side is again uppermost this evening
At the opening weak feeling was general
but large increase in the number of out
side orders was received, together with the
continued small receipts of grain, and re
ports favorable to holders soon induced a
rally. A large business was transacted on
the board, and at times good deal of ex-
element prevailed. All markets continu-
ed to firm up to the close of the day, and a
very strong feeling prevailed in the last
dealings. Wheat led the advance, and in
deed caused it. Corn and oats sympathiz-
ed strongly, and provisions scored another
gain by reason of their inherent strength.
In the wheat pit there was very active
demand at times, and the aggregate trade
was large. The feeling developed was un-
settled and stronger, and the decline of
yesterday was recovered. At the opening
the market was about sc higher, but be-
came weak and prices declined to the ex-
tent of the early advance. Later, however,
Influenced by speculative influences, a
sharp demand existed and prices were ad-
vanced 2@215c, fuetuated and
finally closed about 2@218c.
higher than the closing figures on change
yesterday. The receipts were small. Dur
ing The afternoon buyers did not diminish
There was a spirited bidding on the CALL
100000 bushels for May delivery alone be-
ing sold. Prices were M@Hc higher,
February closing at 1.O716@LO7Ac and
May at 1.13$8@1.1315. Winter and spring
were holding quiet and firm.
There was no change in the general con-
dition of the flour market, either in prices
or in trading.
For corn the demand was quite active
and large speculative business was trans
acted. At times the market ruled quiet,
but the aggregate trade was very good.
The feeling was stronger and prices ruled
higher. The receipts were little larger,
but still small and the market advices
from abroad were again favorable. At the
opening the feeling was little unsettled,
but under a good demand prices rallied
1914c per bushel above the inside fig
ures, then fuctuated and finally closed
about lc higher than the closing figures
on change yesterday. No. 2 and high
mixed met with a fair demand and car
lots sold at56@56l4 C and closed, ,nominally
$3.50 and round lots 563Ic. The lower
grades were in good request for shipment
and ruled firm. Rejected closed at 4815c;
new mixed at 5215c; new high mixed quot
able about the same as new mixed. On
the call 1 ,25O,O00 bushels changed hands in
a very short period, at 80 I4c better fig
ures than we're quoted at l o'clock. Near
ly half of this amount was for May deliv-
cry, that month now being the favorite
speculation in all markets.
Oats were firm and higher For cash
oats prices were advanced "a &c and the
near futures were advanced to about the
same extent, while May ranged 80 Bc
above the closing quotations of yesterday.
There was a good speculative demand, and
the market was also strengthened by the
leading cereals being better. Owing to
light receipts the cash offerings remain
small, and shippers found it difficult to fill
their orders. No.2 cash sold at 380381&c,
and closed at the outside. Other grades
nominal; none offered. Sample lots firm,
and not enough to go round. Later IN the
day 80 &c was added to the morning
advance.
In rye there was but light specu-
lative trade. No shipping demand
existed, and the market
was quotably dull. Cash was the same as
yesterday in prices, and the deferred
futures we're shade easier. Car lots of
No. . sold at 64c; rejected about 55c;
samples quiet For the future deliveries
there was but little inquiry. Deferred
futures quotably 19@1c lower and near
by deliveries nominaIly unchanged.
Barley was dull No > entirely nominal.
with cash somewhere about S2@83c. No.
was weaker. Car lots could be obtained.
though only a few were offered at 53c.
There was no demand for car lots though
round lots would sell. Sample sales were
slow; demand light. For the future de-
liverers no market was quotable for No. >,
but No. 3, though also inactive, was quoted
Stable at 53c for either February or
March. The inquiry for hog products
was moderate, and the offerings were fair,
the market in general way exhibited lit
tie change, though prices averaged little
higher. Spectators traded to q
fair extent, but chiefly on To-
cal account, as the telegraphic
advices from outside points are still
meager owing to the late storms. The
shipping demand was rather light.
Foreign advices indicated no particular
change in that quarter and the eastern
markets were comparatively steady. The
receipts of product were fair and the ship
ments quite liberal. The demand for
mess pork was fairly active and prices
averaged trife higher on the whole
range. Cash was quiet; February rather
quiet and closed firmer. March was in
good request and closed steady. April
quiet. May was in active request, sold
RELY and closed firm. The