Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-15

| But the advance caused good deal to be
thrown on the market, and prices quickly
dropped 20, but near the close the feel
| ing became buoyant. The situation in
New York changed decidedly for the bet
ter. and wheat p ivanced sharply and clos
| ing firm, the ehole fluctuations of the
day was about l11sc, and the close was 80
over yesterday. Foreign advices were not
bullish, and cargoes on passage were
| quoted easier. For winter wheat there
was good demand, steadier feeling and
shade stronger tone being noticed, and
the receipts we're fair. Shippers were the
principal buyers, and cash offerings met
with sale at current prices.
| The flour trade was little more quiet.
| Local jobbers selected a few lots
of strong fours. But shippers made
but few purchases, although there was
some trades for export pending. The
stocks of shipping grades are light.
Cold weather last night and this morn
ing had a Strengthening effect on corn,
and although at times liberal offerings
were made on the expectation of large re-
| ceipts. the market at no time was what
could be really called weak. The demand
for cash was good, and New York in the
face of the stock furry held strong.
About noon the report of a large
eastern failure started the bears on a ram
page, but this was speedily checked by
some good buying. Reports from the
growing crop are confictory, which,
coupled with the continued cool weather,
makes operators fear an early frost, and
they prefer awaiting warm weather before
attacking the market very severely. Trad
ing was active on the board and prices
firm, August closing at 11sc higher than
yesterday, September about 1c higher,and
October 1Ic higher: The receipts
were heavy, being about 900 cars, but this
did not prevent decidedly strong tone in
the market. The shipping demand was
good and crop prospects called out a pretty
lively demand from the shorts and from
spectators who began to buy for invest
ment. The first sales were at an advance
on yesterdays closing, continued firm and
sold up irregularly, 11sc on September
weakened some, then changed slightly and
closed decidedly firm. Car lots of No. 2
ranged at 501a@51c, and closed at 51Ic
bid.
In oats, the store cash market was rather
neglected. A few cars of new No. were
sold at 26c. the same as paid yesterday. A
good many old No. 2 oats were offered at
27@2Sc but no sales of any account could
be effected. Shippers and local buyers
are buying on the sample market altogeth-
er, and would about as soon have new oats
as old owing to their being of superior
quality. On the sample market trade was
brisk and prices were firm, closing slight
ly improved. stronger feeling prevailed
in the speculative market. The late de-
cline seemed to have materially checked
the offerings, while at the same time an
improved demand existed. Prices as com
pared with yesterdays closing exhibit
A@Ao advance. The market closed
firm.
Rye was about no lower. There
was good shipping and spec
ulative demand, at the same time
large arrivals and free country orders to
sell for future delivery exerted a weaker
feeling. No. 2 cash sold at 6O@6O56c.
Rye in elevators is only in small quantity,
so that it was difficult to get vessels to go
to them to load. 1t sold at a discount.
Sample lots were quiet, Sales were mostly
of rejected, other grades going to store.
Sales by sample ranged at 74@75c, &C
cording to quality. Future deliveries
were active. Under liberal offerings to
sell, however, prices were easier.
Barley was dull and lower; it was diff
cult to find buyers. There were several
outsiders to sell for future delivery. No.2
seller September finally sold at Coo, which
was about Sc under former quotations. No.
cash was offered at Sc. A few sam
pie lots were offered, but met with
no demand. Some of these have
been on the market for several days.
The bears were successful at times to-
day in holding provisions down, but it re-
quired sales by Armour and fears of bull
run in Wall street. When these factors had
spent their force, buyers had no chance
whatever, and the close was 40c advance
from the lowest quotations on pork. In
quiries were received from New York at the
opening indicative of the interest with
which investors there were watching a
chance to get in at the bottom here, and
this seems to be the general attitude of
spectators everywhere. Throughout the
session of the board to-day there was con-
siderable interest manifested in the
market, and trading in the aggregate Twas
quite large. The feeling, however, was
somewhat unsettled, and prices fuctuated
frequently, rendering the filling of orders
rather unsatisfactory. The receipts of
hogs were not very large, but the market
was weak and prices ruled lower,
which had an unfavorable influence on the
market for product. Foreign advices in
Dictated an easy feeling in that quarter,
and lard was quoted one shilling lower,
and these reports from the eastern mar
kets give sellers little encouragement.
The receipts of product were fair, and the
shipments in the aggregate quite liberal
and widely distributed, good proportion
- &ha IL