Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-17
The Grain Markets in Chicago Take a
Tremendous Soar.
CORN NEARLY TWO CENTS BETTER
Wheat Passes the Dollar Mark for
Nearly All the Futures.
THE BULLS IN FULL CONTROL.
Hog Products Somewhat Easier, Yet
Prices Well Maintained.
THE BULLS IN FULL CONTROL
ANNUAL MEETING OF THE BOARD.
A Considerable Improvement on the
New York Stock Exchange.
CHICAGO.
Especial Telegram to the Globe.

receipts grading fell away below that Of
yesterday, impairing the confidence of the
bears and adding to that of the bulls, who
returned to the fray with fresh ardor, and
carried the cornered option up where it
had been before the little break. On the
board, although at times a quiet feeling
prevailed in the corn market, yet the ag-
gregate trading was active and the feeling
developed was stronger, but prices some
what irregular. The receipts were quite
large, but the proportion of the corn in
speeding No. 3 being smaller than yester-
day had q tendency to strengthen the feeling
among speculative operators. Market
advices from abroad were favorable. The
market opened little unsettled, and later
prices were advanced from q to &c per
bushels above the inside figures for the va
rious futures, receded trife and finally
closed about 58c higher for January, 7sc
higher for February and Ac higher for
May than the closing figures yesterday.
No. was in fair demand and car lots
closed at about 62l@6215c. High mixed
about the same as No. 2, rejected steady
at 44115c, new mixed in fair demand and
sold chiefly at $11615 with few cars SELL
ing at the close at 47c. JAZZ
uary was in fair demand and
sold at 61Mc@625Sc, closed 62A@
6215c, with few trades at 625ac. On call
there was an active demandfrom the shorts
and although the offerings were few a
farther advance of 4@35c was made, Jan
uary selling for CSC.
Wheat had quite boom to-day but it
was after the closing of the regular board
session. During the morning the grain
was fairly active and generally strong, but
the changes during the session were mod
crate, the whole range being about Bc,
and at the close January was about 12c
better than at o'clock yesterday, Februa-
ry &c higher, March 15c higher, and May
&c higher. The prices were nearly &c
under the closing at l o'clock yesterday,
sold mp Bc, eased off some, then
ductuated and closed tolerably firm.
During the afternoon an exciting bull raid
was made on the market and the bears be-
came badly demoralized. The trading on
the call board was extraordinarily heavy, al
though at decidedly higher prices than in
the morning. February added Bc to its
improvement, and May, which was the OPP
ton most sought after, went up at jump
11ac, making its improvement during the
day 214c Nearly million bushels of this
delivery alone we're sold on the call board
at $1.O64@1.O74, and the closing quota
ton was $1.O6B@1.O7, and firm at that.
March also passed the dollar mark, half
million bushels being disposed of at
S1.O0M@1.O1 and the last score of the
ticker being $1.O0A@1.ooB. Feb
ruary closed at 9936@99T
and 10000 bushels were bought at these
prices. Spring held steady and firm all
day, but winter early eased off little, but
recovered later.
The -four market was quiet and trading
lighter. Still it was more the light quality
on sale and the higher asking prices keep
ing buyers away, than to the falling off in
the demand, with buyers looking about
but purchasing less freely. Rye -four slow
Buckwheat -four was quite slow, sale at
S6.OO@6.3O for good to choice. Bran and
all mill stuffs were in light supply and
salable at high prices.
During the morning oats were consid
erably frmer. Prices were 4@38c better
for cash, and there was11 @Ac improvement
in futures. A very good speculative de-
mand existed, and it was well divided be-
tween the various deliveries now traded in.
The shipping demand was only moderate,
prices being above the views of outside
buyers; still with light arrivals there were
no surplus offerings either on the in store
or the sample market. A better feeling in
other markets also had stimulating effect
on oats. Cash No. 2 sold at 35%@3618c.
Rejected 33@331lc. Future deliveries
were in good request and firm, with an ad-
vance all around. The market closed at
about outside prices. Early in the after
noon the firmness increased wonderfully,
and prices started upward. Although
this brought out a liberal
line of offerings this fact did not hinder
the advance. January added a full cent to
its gain of the morning and May 1ac.
Some 100000 bushels for delivery this
month were sold on call at 374@37Bc,
the latter being the closing quotations.
Some $4,000 bushels February brought
37%c and the same amount of May s9@
1910. The demand continued active and
the market closed firm at outside prices.
Among the traders in. barley No. for
future delivery was in fair demand and
frmer, and there was scarcity of sellers.
January was salable at sic, February sold
at SIC. The instore cash market was NOM
| inal, and there were no sellers. No. 2 O.
mains about 80, and No. quo
table at 81. Sample lots we're
quiet, with the demand light.
For rye a better feeling was noticeable,
due good deal to light offerings and more
frmness in other markets. No. 2 sold at
so o. solo car lots, the outside being &c.
advance. Round lots salable at 601ac.
Rejected salable at SIC, but none offered.
Samples steady. January was salable at a
slight improvement. 6O1ac was bid and
sellers were scarce. Other deliveries were
also slightly better and offerings light. On
call a general improvement in all the
grain markets, including rye, and the feel
~. xvoo oofiva hiOhar nrieae haino