Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-17
ANNUAL MEETING OF THE BOARD.
CHICAGO.
Especial Telegram to the Globe. I

sustain to-day the advantages gained by
them on yesterday. The average of the
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. 2 being smaller than yester-
day, had a 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 lie per
bushels above the inside figures for the va
rious futures, receded trife and finally
closed about 58c higher for January, Bc
higher for February and Ac higher for
May than the closing figures yesterday.
No. was in fair demand and car lots
closed at about 624@621ac. High mixed
about the same as No. 2, rejected steady
at 44115c, new mixed in fair demand and
sold chiefly at $1161s with few cars sell
ing at the close at 47c. jan
uary was in fair demand and
sold at 61Ac@625sc, closed 62A@
621ac, with a few trades at 6258c. On call
there was an active demandfrom the shorts
and although the offerings were few
farther advance of A@55c 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 1Sc higher, March 10 higher, and May
24c higher. The prices we're nearly &c
under the closing at o'clock yesterday,
sold mp %c, eased off some, then
fuctuated 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 20 to its
improvement, and May, which was the OPP
ton most sought after, went up at jump
| 11ac, making its improvement during the
day PIC. 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 $1.06B@1.O7, and firm at that.
March also passed the dollar mark, half
million bushels being disposed of at
S1.OO16@1.O1 and the last score of the
ticker being $1.O0A@1.OoB. Feb
ruary closed at 993s@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 flour 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 flour slow
Buckwheat -four was quite slow, sale at
| S6.OO66.3O 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@3Sc better
for cash, land there was4@4cim improvement
in futures. A very good speculative de-
mand existed, and it was we'll 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
DO surplus offerings either on the in store
or the sample market. A better feeling in
other markets alp had stimulating effect
on oats. Cash No. 2 sold at %@3678c.
Rejected 33@33hc. 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 liberal
line of offerings this fact did not hinder
the advance. January added full cent to
its gain of the morning and May 10.
Some 100000 bushels for delivery this
month we're sold on call at 374G37Bc,
the latter being the closing quotations.
Some 175,OO0 bushels February brought
37Mc and the same amount Of May S9G
S91Sc. 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 51c, February sold
at SIC. The instore cash market was nom
inal, and there were no sellers. No. O.
mains about 80, and No. 8 quo
table at 81. Sample lots were
quiet, with the demand light.
For rye better feeling was noticeable,
due good deal to light offerings and more
firmness in other markets. No. sold at
so a 6OAc car lots, the outside being &c.
advance. Round lots salable at 601sc.
Rejected salable at SIC, but none offered.
Samples steady. January was salable at
slight improvement. 601ac was bid and
sellers were scarce. Other deliveries were