Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-18
WHEAT SCORES ALARGE ADVANCE
Corn Still Eagerly Sought at Increased
Prices.
HOG PRODUCTS SOME HIGHER
The Stock Market Lively for Time in
Early Dealing.
CHICAGO.



other bull day. Prices of all staples have
been advanced, and the feeling at the close
was very steady. On the board The mar
ket was active and a large speculative
business was transacted. Prices ruled
stronger and advanced after some fuctua-
tions to a point 11S@115c over the outside
prices on Change yesterday, fuctuated
and finally closed within $8@12c OF the
outside prices reached The advance is
attributed to very urgent demand from
Shorts who were covering freely, intiu-
enced in their action by the limited re-
ceipts and fears of light arrivals for the
present, on account OF recent floods and
high water throughout the country. The
market advices are also encouraging to
holders. The colder freezing weather also
had some effect on the market. The bulk
of the business is still in the May option.
Spring and winter were firm, with small
offerings.
Flour was quotably firm, and ruled more
active. It is impossible to obtain suitable
stock, with outside buyers having their
limits raised and home trade looking
about, but with limited offerings and firm
holding restricting business. Rye and
buckwheat -four firm. Bran and all mill
stuffs were doing well.
There was rather active business in
corn to-day, and buoyant feeling gener-
ally, though trading was attended with
more or less fuctuation, and at the close
cash or February was about q C higher than
at o'clock yesterday; March 15c higher,
April &c higher, and May 5gc higher.
There was sharp improvement on call
yesterday, and the first sale to-day was at
&c advance over the closing at l o'clock
yesterday, but ruled weak and fell 4@15c,
then business, excited partially:in sympa-
thy with frmness in wheat, and par
TALLY owing to the fact that several
strong firms seemed to be buying heavily
and March sold up 135cifrom lowest point,
April 1 15c and may 124c, then eased off
sc, afterwards fuctuated anA closed
steady. The receipts to-day were 100 cars,
of which % inspected No. 2. Spectators
bought freely, Influenced much By the
same reasons given for wheat. The ship
ping demand was better for lower grades,
and higher prices paid, the colder weather
giving shippers moro confidence in the
grading of their consignments to sea-
board. The appreciation in both wheat
and corn this week has been remarkable.
February closed Monday at So d to-day at
581%c, a gain of 3 &c. May, Monday 5815c,
to-day at 63 1ac, or 458c better. On Mon
day February wheat ended the day at
31O5Mc and May at $1.112lc; to-day they
closed at .$1.112lc and $1.172lc, an appre
citation Of Sc in each case.
February IS now selling where
May did at the beginning Of the week.
Oats to-day were active and decidedly
stronger. Cash scarce and called for at
high prices, and all futures were traded in
freely and at big appreciation from yes
terday, with the bullish tendency in other
markets helping to higher range under
this head. No. cash sold, for the few
cars offered, at 40@4O1ac, and sample lots
were going out readily at high prices and
particularly for the better cars of white.
Future deliveries were frmer and an i'm
portant improvement in prices was again
established. Lighter receipts and in
creased firmness for the leading cereals
rather restricted the offerings. At the
same time a good demand existed, arising,
to some degree, from desire to
cover outstanding contracts. The
advances in prices as compared with
yesterdays closing was 13@1c with the
deferred futures showing the most improv-
ment. July advanced beyond other deliy-
cries, ranging 15@18c above the price
paid yesterday. Rye was III demand and
at higher prices for cash and all futures,
with free buying orders helping to appre
citation noted below; No. 2 cash was called
for at Soc, and all samples at relative rate.
Future deliveries were stronger.
Barley hardly traded in at all, outside
the sample market, with firm prices quo
table, but with little disposition shown to
operate in either direction. No, was
about S5c and No. 3 at about
SAC, with samples going out rea
sonably we'll and at firm prices.
The market was active, stronger and gen
orally higher under good demand both
for immediate and future delivery and a
higher set of grain markets.
Receipts of hogs we're small, the rail
roads being in bad order, and prices of
product for future pork was active and
frmer, closing 715@10c per barrel higher
than the figures current at the close of
change yesterday. Demand for futures
quite good and shorts bought quite free.
Cash and February dull. Lard was also
quite active, firm and higher, selling up
5@715c above the prices current at the
close of change yesterday and closed
steady. Only 5000 hogs
were received to-day. Prices
were 5@10c higher and firm. In a com
parative sense the trade in provisions the
past week must be quoted as quite salts
factory. Owing to the prevalence of high
water throughout the Ohio valley, railroad
and Geographic communication has been
quite seriously interfered with, and for this
reason it is quite likely a good many orders
we're not received that were intended for