Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-14
CHICAGO.
Especial Telegram to the Globe. I

CHICAGO, July 13.-To-day has been a
very encouraging one on change. A large,
bright rainbow spans the stormy sky, and
has brought hope of better times. The i'm
provement originated in the provisions
market. where a much steadier feeling pre-
vailed, bracing up all other commodities.
Early teIegraphic inquiries from surround
ing markets indicated the interest with
which the general trade was watching the
decline in product, and the anxiety to be
posted at the first symptom of advance.
The market opened with sales at yester-
days prices, but soon rose, and after fall
ing back, has again climbed up and closed
buOyant, advancing sixty cents on Septem-
Der pork, without producing new features,
only increased confidence, which will be
potent for much more rise. The whole list
is so low that hogs bought at the market
price can be packed at profit,
while the shrinkage will diminish
receipts materially. Wheat gained
strength from provisions and at the
close all markets ruled strong at the ex-
treme outside range of prices, the feeling
being frmest at the end. Poole, Kent &
Co. announced that their New York house
sold to-day round lot of No. 2 Milwaukee
wheat at S1.08, present prices afording the
shipper fair profit. This induced strength
and the crowd bought freely, feeling for a
time at least that prices were about bot
tom. 1t Is worthy of remark in this con-
nection that the large holders were dis
posed to take advantage of the market to
sell, despite the property being on slip
perry basis, which would indicate they have
lot much faith that the advance would
prove permanent.
There is little to note in the corn mar
ket today except the absence of orders
and conseq uently dull trade. Receipts
continue small and demands for the cash
corn large, so there is little chance for the
bears to do much pounding on the board
of trade.
Only q moderate business was transacted
IN wheat to-day and a steadier feeling
was noticeable throughout the session.
There were no new features from the out
side brought to bear on the market and
speculation was controlled entirely by
local Influences. The demand was only
moderate, and the offerings at the same
time were not liberal ana there appeared
to be disposition on the Fart of opera
tors to await Developments. Prices fuc-
tuatea within range Of about nc, ruling
very strong At the close, and closed about
&c better than On change yesterday. An
additional gain of l8@L Il c was made on
the call. The outside Influences, such as
they were. were really bearIsh. Wheat was
quoted quiet and dull in Liverpool. the
general tone Of the crop reports more
favorable. good rains being reported in
the previously represented parched regions
OF northern Minnesota ana Dakota, ana
the advices from the winter wheat
districts il this state reported
the wheat thrashing out better
than expected. There was no shipping
demand Of consequence for No. . spring.
ana the chief sustaining influence was the
moderate character Of the receipts. only
Il cars being inspected IN. and the market
opened weak. the irst sales on the open
board being 81 G9l5c. August sold up 10
81, opened Oh change at 90 &c, rallied to
$LO1- under q demand to cover shorts.
but the demand was slow and business
dragged throughout most of the day, de-
clined to % .c. and later grew firm. rallied
ana closed the day at S1.OIlI bid, CO.
900 bushels OF this delivery selling on the
call above $1.OI. and $4,000 bushels in
the longer futures.
Flour Is ruling quiet and the feeling
easy. Exporters received few orders
Il
gate sales were q little larger, but dizziness
still prevails and no change can be noted.
Local iobbers are doing very little.
Trading in corn was less active, both
on speculative and shipping account, but
there was no very special desire to sell,
and the market ruled steadier than for
several days past, and prices subject to
less violate fluctuations. The receipts
were a trife larger and shipments con-
tinued quite liberal. The weather was
pleasant but cool. No outside influences
we're brought to bear upon the market, and
trading is msinly local. The market
opened stronger, declined later about
589 sc, fuctuated slightly and then ruled
quite strong and closed $5@15c higher
than on change yesterday. No. . was
again quite actively called for and sold
51$8 q $40 and closed at about 81 &c. At
ternoOn values we're 15@3sc higher. There
were 349 cars inspected against 292 yes
terday and $4,000 bushels were shipped
east. August closed at $3.50 sellers.
Oats were quiet and weak. Speculative
orders were light, and cash wants were in
adequate to the supply. The fact is the
arrivals during the past few days have
been more liberal. It was a dull, sluggish
market. No. ? cash oats declined R@Mc,
and few were wasted. No. white opened
at 38c, the same as paid yesterday, but it
was easy to buy for less, and sales were
soon made down to 3715c and bids were
finally reduced to SIC. A dull. weak feel