Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-12
PROVISIONS OF ALL KINDS STRONG
Active Demand for Mess Pork and
Small Arrivals Of Hogs.
A STRONGER FEELING ON WALL ST.
Union Pacific Earnings Large-COnsOl-
i,iatiOn Of Western and Mu-
tuaI Union.
CHICAGO.

interest in the business on change to-day
The feeling was again unsettled, selling up
as usual while buying orders lasted, and
then breaking off again. The decline to-
day, however, was less than the advance,
wheat closing about where it did Friday,
with May, the center of the speculative
trade, about half cent better, corn, saving
a fractional advance, and provisions re-
covering their loss yesterday afternoon and
closing Il trife better than on the board
yesterday. The volume of trading was not
great, and at times affairs were quite dull.
Wheatwas fairly active and irregular,
selling up early in the day l@1Ic above
the closing prices at 1 o'clock yesterday,
then weakening and declining gradually
1c, reacting trife, and at the close Feb
ruary, March and April were about where
they closed yesterday, and May lac higher.
The business was largely in May, and the
early trading was at very nearly the clos
ing figures yesterday. But under pretty
fair local demand soon advanced nearly 1c,
but the advance brought out quite liberal
offerings and the market soon fell off
about lie, changing slightly and closing
steady. Winter wheat was quiet and
spring quiet and easy. Since Sept. 1,when
mills in the Northwest were fairly at work
grinding upon the present crop of wheat,
| 2,566,039 barrels of -four have been receiv-
ed at Chicago, 100000 and odd barrels
more than were received within the same
| five months year ago, and over 444, 700
barrels more than were received in the
same time two years ago. Reduce the
| -four received here since Sept. to wheat
and it makes 12,83O,195 bushels. Add to
| this 15,190,276 bushels of wheat which
eluded the millers and got in here without
being ground up, and a little figuring
shows that Chicago has received either
milled or unmilled, since Sept. 1, 1882,
26,190,276 bushels of wheat, an
increase over the same perion for 1881 and
1882 of 5,985,935 bushels.
Flour shows no change for better or
worse either as to price or amount of trad
ing.
In corn only moderate business was
transacted, and at times the market was
quite dull. Trading was chiefly on specu-
lative account, shippers buying but spar
ingly. The feeling was little unsettled,
although fluctuations of prices were con-
fined within moderate range. Early in
the day the market was firm and prices
were advanced 5000 above opening fig
ures, but later under fair speculative
offerings and only moderate demand.
prices eased off, declining about 35@ PC,
fuctuated and finally closed about Is 15c
higher than closing figures on Change yes
terday. The receipts were little larger.
No. 2 and high mixed rather quiet, and
car lots sold at 5519@564c, and closed
about $500. Rejected, irregular, depend
ing on location. Elevators which were re-
ceiving Kansas and Nebraska corn com
manded 1@11ac premium over houses
which were receiving Northern and North
western corn. Sales ranged at 49,
assoc, and closed at 4815@4915c.
The proportion of No. is
Increasing steadily, much Kansas corn
having been rendered by the winds and
cold as dry as bone.
There were large arrivals, and on the
sample market there were increased offer
ings of cash oats and good many were
also offered to arrive. Fine heavy white
oats, such as were desirable for seed, were
moderate sale and tolerably steady, but
ordinary grades, or such as are used for
consumptive purposes, were dull and slow
and about 10115c lower. AS most con-
SHIPMENTS were held on track, the offerings
of in store oats were small and confined to
No. g These, however, were also slow and
sold sparingly at 381ac, or 4cI
under yesterdays closing. In the futures
there was slow, quiet trade, an easy feel
ing prevailed and prices were the same to
&c under the prices of yesterday for same
deliveries.
Rye was quiet at yesterdays prices with
little doing.
In barley there was very good sample
trade, and prices were steady. The receipts
were light. but considerable barley was
sold to arrive. On the regular board there
was nothing done. No desire was mani
tested to sell either cash or future delivery,
and there was no demand. No. remains
nominal at about 85c. There
was no trading in the futures. The market,
in fact, was devoid of bids, and offers and
prices were nominal.
A fair speculative business was trans
acted in the market for hog products, but
the feeling was somewhat unsettled and
prices irregular Within moderate range. |
Early in the day fair number of orders |
to purchase were on the market, and prices
were slightly advanced, but during the |
latter part of the session the feeling was |
easier and the improvement was lost |
Shipping demand moderate. Foreign |
advices were less favorable to |
holders and bacon was quoted |
Sd lower. Eastern markets were quiet and |
prices without material change. The re-
ceipts of product were quite large and the
shipments of all kinds liberal.
The inquiry for mess pork was quite &C
tive and the offerings fair. Prices we're
advanced 5000 early in the day, but
IL 10