Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-13
Another Large Lift in Grain Values on
the Chicago Board.
THE FUTURES GETTING STRONG,
RumOrs of the Break in the Corn
Corner Without Foundation.
HIGH RATES FOR HOG PRODUCTS.
The New York Stock Market Stronger
Than for Many Weeks.
CHICAGO.
Ispecial Telegram to the Globe. |

has been done on change to-day. Prices
have been held stiff all day, and the short
interest in all the markets has been an
eager buyer. Trading is becoming more
and more conferred in February and May
deliveries, in which there has been to-day
an unusual trading. January is more
quiet and less doing, but prices continue
marching up, and if sales are limited it is
because offerings are sparing and only at
top figures. The strength manifested was
general, extending to both grains and pro-
visions, and continued throughout the day,
being most marked at the close, all prod
ucts making a good advance in the after
noon over board quotations. On the
board the demand for wheat was active,
and quite a large speculative business was
transacted. The feeling was quite un-
settled, and prices irregular. The market
opened 1000 lower than closing figures
on the call, then rallied 1h@11ac, but
later again ruled easier, prices receding
T@%c, and finally closed abont A@3sc
higher than closing figures on change
yesterday. The receipts of wheat con-
tinue light. The demand for February
and May deliveries was at times very
brisk. There is not much doing in
winter, but prices hold steady. Spring is
somewhat irmer.
Flour was holding up well and firm,
prices were ruling with. the demand, good
from the home and shipping trade, and
the market has been well cleared Of stock.
Export orders have been more than usually
free this week, and quite quantity is 60
ing forward. Rye and buckwheat fouIs
slow. Bran and all millstuffs were in light
supply and bringing higher prices.
Corn ruled active and higher. The re-
ceipts were again of moderate character,
and market advices continue of favorable
tenor to holders. The shorts were again
quite anxious to purchase, and numerous
buying orders were received. The offer
ings were not largo, excepting when
the higher prices were reached,
which brought out larger offerings. The
market opened firm at about the closing
figures on the call, and under good de-
mand steadily improved, advancing 14@
1870 for January and February, and &c
for May above the opening figures, then
eased off trife, fuctuated and finally
closed 1c higher for January, 20 higher
for February and 1sc higher for May than
the closing figures on change yesterday.
No. 2 was in light demand and sold
58X@59c. High mixed about the same as
No. 2. Rejected steady and firm, with
sales of first storage receipts at Acc. New
mixed in good demand and firm at 4sc.
New high mixed sold at 48119@49c. jan
uary was in fair demand and offerings light.
Parties having buying orders found it
difficult at times to fill them. Sales ranged
al 57I % $500, and closed at $50 bid.
There was considerable excitement in this
market, and at times very lively trading.
The rumors of break in the clique run
ming the corner in corn may or may not
have foundation, but they make no i'm
preston on prices, which still go upward
just the same. Some hopeful shorts claim
to believe that it will prove to be a big
scalp, and hope to be let down easy soon.
ing they prophesy break of 6 or SC is
imminent. The fact remains, however,
that some of the biggest operators on the
street, already heavily long, still
continue heavy buyers. McGeoch,
Handy, RumseY Bros, Irwin Orr
& Co., Richardson G Co., Lindblom,
McHenry and others are still buying for
themselves or their customers. Handy is
still on the ground, although, it is said, he
will leave for Cincinnati to-morro
1t was broadly intimated that this talk
about unloading is buncombe talk, merely
to ease the markets. The corner engineers
could not get any short to sell at the pres
ent prices and stage of the game, as every
one knew that there was a corner being
run. The news has been telegraphed all
over the world. Now the scheme was to
let the market off, and then to get the con-
fidence renewed in the bears, thus causing
further lines of shorts to be thrown out.
They then start the up turn.
There was a great demand for cash oats.
The in store offerings were very small, for
as there was good sample market, most
consignments were held out. Besides the
arrivals remain small. There was no essen
tial change. Car lots of No. sold at
35Mc. Rejected quotable at 33c, and sam
pie lots sold according to quality. In the
future deliveries moderate speculative
business was done with steady market,
and the deferred futures were shade
better.
Rye was steady at former prices. The
offerings were light and demand only mod
crate, causing a quiet market. Future
deliveries were quiet but very steady.
Barley in store was reported salable at
Soc, which was the same as the market has
been lately quoted; there was no offerings.
No. sold to go in store at sic, this being
bought to make up round lot to deliver
on future sale. Winter storage No. 8
quoted at SOC. Sample lots were very
quiet and the demand was light.
The market for hog products exhibited
considerable life to day, and decidedly
stronger feeling was developed, accom-
panied with a material advance in prices
for all the leading articles. Spectators
purchased freely to provide for outstand-
ing contracts. Shippers were favored with