Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-24
The Chicago Market Trifle Stronger
Toward the Close.
LIMITED DEMAND FOR GRAIN.
Shipping Demand For Flour Increasing
and Prices Higher
BETTER INQUIRY FOR PROVISIONS
The New York Stock Market Without
Especial Feature.
CHICAGO.
rsneoial Telegram to the GlObe. ]

CH1oAGo. Feb. 23.-Affairs we're rather
ouiet on change to-day. The early trading
was at lower prices, the failure of the New
York firm of Hatch & Peters, stock brokers,
having some depressing influence owing to
the nervous feeling prevailing. Later
there was a quiet recovery, many who had
sold short when prices began to break tax
ing advantage of the weakness to cover at
a small profit. This, together with few
buyers orders, gave some life to trading IN
the wheat pit. Corn, which was relatively
stronger, responded, and oats also ad-
vanced. All showed a gain at the close OF
the day. Provisions were also held firmer.
IN the wheat market a quiet feeling pre-
vailed, with the aggregate trading only
fair. The feeling was little unsettled,
and prices fuctuated within
range of about lie, selling
q little below and a trife over the closing
figures on change Wednesday. The re-
ceipts were small, the weather clear, and
foreign market advices quoted a quiet
feeling for wheat, and weather clear and
cold. The market finally closed about
s&ml5c higher than closing figures on
'change Wednesday. On call prices were
shaded about sc through the list Of fu-
lures. Spring wheat is held steady, but Is
very quiet, while nothing whatever was
doing in winter. The trading in flour was
inconsequential, there being no change
in quotations or amount of sales. How
ever, there was perhaps trifie more in
quiry on the part of exporters who were
induced to meet the idea of holders.
In corn there was moderate business
with prices q trife unsettled, bat generally
stronger, and at the close about IS better
than it closed Wednesday. At the opening
business was dull and the feeling weak, the
early sales being at some decline from
Wednesdays closing, but afterwards i'm
proved, influenced a good deal by the bet
ter tone in wheat, and also by an increas-
ing inquiry, May advancing 1c from the
lowest point, then weakened, improved,
and closed rather steady. Car lots of No.
sold at 56$8@57c, closed at 56Mc for
regular, and SIC for gilt edged in Rock
Island and Armour & Dale's elevator. For
Il
business was done, an active de-
mand having sprung up. Offer
ings were free, however, and board
prices were hardly supported.
On the board oats were doing somewhat
better and there was quite good improve
ment early in the day for the speculative
market, and the closing up was quite
firm one. Still the feeling was one of
quietness, and business less than hereto
fore. Cash brought SO lc for car lots fresh,
with no quantity offered. Samples were
going out quite slow and holders found 1t
difficult TO work off the poorer lots,and the
better samples did not bring up to We'd
nesday's prices. Later in the day there
was quite little squirt in this market and
HQ$$c higher was bid.
Rye and barley were dull and neglected.
Cash rye was unchanged, but there
was no speculative trading, and May
was offered at shaded figures.
The receipts were larger but the in-store
offerings small. There was fair supply
of sample lots of barley, but hardly any
demand either for present or future
deliveries. Lower prices would have been
accepted.
The market for provisions was moder-
ately active and prices averaged higher,
closing rather firm at medium figures of
the day. Early the feeling was decidedly
strong, but at enhanced figures offerings
were quite numerous, and this caused some
little reaction from outside prices. Re
ceipts of hogs continue moderate, shipping
demand for product good, and liberal sales
yesterday and to-day, both for domestic
and foreign markets.
Pork was moderately active only, and
prices were frmer and higher, closing at
an advance of 1O@121@c per barrel. Cash
and February dull at fraction under the
March option.
Lard was quite active and averaged
frmer, closing at an advance of 5@71ac
per 100 pounds. Cash and February very
quiet at about sc per 100 pounds under the
March option. There was a fair activity
for both pork and lard during the after
noon. The former held steady, but the
closing prices of lard on the board were
barely maintained. Only $4,000 hogs
were received to-day. This market is
active, steady and firm.
NEW VODTy