Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-16
Corn and Oats Sympathize, and Pro-
visions Also Advance.
LITTLE LIFE IN WALL STREET.
The Scarcity and High LOaning Rates
Of Money Killing Speculation.
CHICAGO.
Especial Telegram to the Globe. |


weather scare, gave the wheat market an
upturn instead of its usual decline. Other
grains followed, and provisions just at
present are not needing any encourage
ment to climb up.
In the wheat pit there was a rather firm
feeling during most of the session, and
prices ruled higher. The weather was
colder, and there was less disposition to
sell. Shorts at the same time were more
inclined to buy, and with light offerings a
stronger feeling resulted. The market
opened &c higher, fuctuated slightly, and
then advanced about 24c,and finally cl osed
about 1$8c higher than the closing figures
on change yesterday. Receipts moderate,
and foreign markets quoted steadler. The
improvement was well sustained throu gh-
out the day, over 100000 bushels of
May being sold on call in the afternoon at
189 &c advance, the latter figure being
demanded at the close. The trading in
June was also quite liberal. Winter wheat
ruled very quiet but tirmer to-day. Spring
wheat was in good inquiry and ruled
24@1c higher.
In the flour trade the dull feeling con-
tinues to exist, with no quotable changes
to note. Now and then a carload is taken
for shipment, generally of low grades, and
local jobbers are taking only small guam
titles. Holders adhered to former prices.
The corn market ruled more quiet and
the aggregate trade was only moderate.
The feeling developed was generally quite
strong, and prices averaged higher. Fluc-
tuations were confned within an unusually
small range. The receipts were larger,
and foreign advices quoted corn quiet and
unchanged. The market, however, was
governed entirely by local influences, the
offerings not being large and the
demand fair. The market opened
&c higher, advanced T@ &c
then receded ic fuctuating, advancing
about 58c and finally closed = c higher than
the closing figures yesterday. No. and
high mixed met with good demand and
receipts dated March Z and since closed at
58 4 bid Receipts dated Feb. 26 to March
inclusive quotably 113c less. Round lots
of regular the same as March. Rejected
in moderate request. Buyers of lower
grades continue to discriminate in regard
to location and to pay as high as 118c pre-
MUM for that stored in elevators receiving
from the southwestern corn belt, which is
dryer and in Better condition than that
from other localities. On the afternoon
call a lively trading was done and prices
were we'll maintained, 675,OOO bushels for
delivery in May changing hands at l. go
&c advance.
Oats were firm and ranged R@14c
higher. The improvement was due very
largely to the advance and steadiness
of other m lrkets. Cash oats in store very
quiet, for only few cars were
offered. Sample lots in fair supply. De-
mand good and prices firm. Future de-
iveries we're quiet early, but late in the
session the market became quite active.
The feeling was firm, prices advanced, and
closed at about outside figures, which were
M@14c higher than yesterdays closings
for the principal deliveries, but later in
the day a part of this improvement was
lost.
Rye was irmer and there was fair i'm
provement in prices. The offerings were
light, and owing to other markets being
higher, sellers asked advanced prices. The
demand was only moderate. Car lots of
No. sold 24@1c advance. Rye closed
nominal, sample lots quiet, May was about
&c higher, other deliveries inactive. The
afternoon brought about somewhat bet
ter feeling and higher range of prices.
III barley there was but limited sample
trade and the regular market was entirely
lifeless and nominal. No.3 was offered at51c
cash or seller April, but there was no in
quiry and no bids were made. Sample
lots in fair supply, but only few sales
could be effected. There wa. an unusual
scarcity of buyers.
The demand for hog products was quite
active on speculative account and the of
ferings were fair. The market sold strong
or and prices were advanced on all the
leading articles, though extreme figures
were not fully maintained. Shipping de-
mand moderately active, and orders were
chiefly for small lots. Foreign advices
showed no material change, but the tone
of the Eastern markets was steadier. The
receipts of product were fair and the ship
ments quite liberal. The demand for mes;
pork was fairly active and the offerings
were quite free. Prices ruled irmer and
were advanced 2119@5c on the whole rang
and closed with considerable steadi
ness. Cash in moderate demand
in the way of filling small
orders. April in fair and May in good re-
quest. The inquiry for lard was fairl!
active and the offerings we're liberal
Prices we're advanced 5610 per 10t
pounds and closed steady. Cash quiet ant
steady. Both pork and lard were helc
firm during the later hours of the day
although the latter was in rather lghte
reques Two and one-half cents bette
prices were then III some instances paid fo
pork. The quality of the live hogs received
is improving; 1850 were received to-day
and wefs in active demand on both pack