Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-28

LOOKING UP 4 LITTLE.
Yesterdays Markets Stronger and
More Active.
WHEAT AND CORN ADVANCE.
Other Cereals in Sympathy-POrk and
Provisions Higher.
THF STOCK MARKETS FIRMER.
Improved Railway Earnings Have a
Tendency To Lift Prices.
KF STOCK MARKETS FIRMER.
CHICAGO
Especial Telegram to the Globe

been shown for quite period. Wheat,
which opened weak and lower, rallied, and
ended the day at a fractional advance over
yesterday. Corn and oats were doing
better than wheat, while provisions were
active, and pork somewhat higher. The
improvement in prices was not great in
any market, but the feeling was much
stronger, and some confidence was diff
fused.
Peter AcGeoch, king of the wheat pit,
was on the floor of the board to-day, with
g. J. Kershaw, for the first time in weeks,
and it was rumored that they meditated
another big deal.
The prices of cash wheat and corn va
ried somewhat to-day, depending upon the
date of the receipts. Receipts dated Feb
ruary 26th, and since, carry into May for
&c storage. Those dated February 18th to
oath, inclusive, carry into May for SIC.
Those dated February 9Th to 14th, for.4c
and all previous to February 4th, which are
classed as winter receipts, cost 41kc to
carry into May. Buyers generally made
the difference in storage in their purchase
price, which accounted somewhat for the
variable figures. During the trading on
the board there was better demand for
wheat and stronger feeling prevailed.
Early in the day the market was a little
quiet and the feeling unsettled, but later.
influenced by an urgent demand largely to
fill Eastern orders, the feeling became
stronger and prices were advanced 1c.
The inside prices were about SC below the
closing figures on change yesterday. Par
ties who had sold yesterday quite freely
were covering to-day. which assisted the
advancing tendency of prices. The re-
ceipts were smaller at 1 o'clock. February
was 35c higher than at o'clock yesterday;
March 3$c higher; April &c higher; and
May 38c higher. There was brisk de-
mand during the afternoon and &c lower
figures were accepted in some instances
Winter wheat was quiet and steady while
spring was in fair demand and higher.
Flour continues quiet, with the depress-
ed grain markets keeping buyers away and
making it difficult to operate or to bring
about sales. The city trade was taking a
limited quantity of the better family and
bakers brands, but shippers were having
unfavorable advices or withdrawal Of Or
ders, and little could be done with the
feeling one Of weakness as to prices. Rye
and buckwheat -four were dull. Bran and
all mill stutfs were doing well.
There was better demand for corn and
good business was transacted. The feel
ing was stronger and prices ruled higher
all around. Trading chiefly speculative,
though shippers also bought fairly, but
Disseminated somewhat regarding loca-
ton. The frmness was attributed to
smaller receipts and the market also sym
pathized with the advance in wheat. The
offerings were not large, and parties who
had sold yesterday were buying to-day and
an advance was noted of T@Mc above
opening figures and 56c higher for May
than closing figures on change yesterday.
No. 2 was in great demand and prices de-
pended somewhat upon the date of receipts,
with sales ranging at 5615@56Mc and
receipts dated Feb. Goth, sold
at 56%@571l, as these would
carry at 5315@57c. Rejected
in fair demand, depending on location.
New mixed in fair request. There was no
material change during the afternoon.
The oats market was decidedly strong
and prices ranged 1a@24c higher than the
closing quotations of yesterday. The
receipts are smaller, other markets better
and shipping grades of sample oats in
good demand and firm, all of which Great
ed favorable influence over the market
generally. In store No. 2 sold at 40M@
4)15c for car lots of gilt edge. Receipts
of other grades were not offered. Sample
lots were active and all in good demand
except some of the fewer qualities, and
these were not so readily sold on account
of the high prices asked. Future deliveries
were very strong. Prices advanced 9@Ic
and the full advance was maintained
There was but little disposition to sell.
The feeling was frmer at the
close of the day. The tone of
the rye market was little stronger
from sympathy, but the demand was light
and prices unchanged. A fair trade in
sample lots of barley was made, but offer
ings were ample and conducive to weak
ness. There was no life in the in store
market. A fair business was reported in
the market for hog products, but the feel
ing was somewhat unsettled and prices
auctuated considerably, though on the
whole range varying little from those cur
rent yesterday. Spectators purchased
rather freely and a good business was
transacted in the way of transferring con-
tracts ahead. Shipping demand only fair.
Foreign advices were without material
change, and Eastern markets were com
paratively steady. The receipts of product
were few and the shipments not very large.
The inquiry for mess pork was moder
ately active and the offerings fair. Prices
receded 5@1Oc during the early part of
thu day, but improved again and closed
comparatively steady.
The demand for lard was fairly active
and the offerings quite free. Prices on the
whole range showed little change. Cash
quiet and steady. On call both lard and
pork were steadier and shade better prices
were paid for lard.
Vb,,o voc n, oofiuo r,orkat for live hoos