Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-02
R0yIsIoNs ACTIVE AND STRONG.
STOCKS IRREGULAR AND WEAK.
Bad Weather Causes Decline in North
Western-Yalues Generally Lower.
CHICAGO.
Especial TELEGRAM to the Globe.

CHICAGO, Feb. AL the markets
opened frmer and higher this morning,
| but the Industrious circulation of lying
rumors checked the advance and caused
quite break. Later in the day there was
rally from the depression and at the
close of the trading on the regular board
prices we're generally trife better than
at the same time yesterday. Corn was an
exception, its recovery not being complete,
leaving it a small fraction weaker than at
the close of yesterdays business. TIE
trading was very large, buyers being
numerous and offerings sufficiently plenty.
Large buying orders are beng
received from the country and the ship
ping demand is improving.
Wheat was active and opened very strong
and - higher than at o'clock yesterday,
easied off some, but then frmed up 15c,
but finally became weak on account Of the
rumored failure of a large iron and steel
mandatory of this city and confidence
was Immediately shaken, and the market
fell irrggulatly re, then reacted when the
failure was contradicted, and closed steady
with February about &c higher than at
o'clock yesterday, March &c higher, April
&c and May 1Sc higher. February ranged
$1.0315 LOS, with some sales at $1.05@
| 1051sc on the split, and closed at 1.0435.
Early sales were at $1.05. May
ranged at $1.O9B@L114 to $1,000
1.1O55c. Winter was quiet but firm
and spring in fair request. There is little
change in the -four trade. Shippers are
showing no desire to buy, but the home
trade is taking sparingly of the higher
grades at settlers prices.
Corn was fairly active and strong early
in the session, but weakened later in
sympathy with the break IN wheat
and also influenced by the
reported failure of large iron works about
Chicago, and prices broke about 1Mc, but
reacted later, and at the close seller Feb
ruary was about d lower than at o'clock
yesterday. March unchanged and May 1sc
lower. Early sales were at slight de-
| cline from the closing prices at o'clock
| yesterday, improved some, then fell off,
but again advanced and sold up 15@Ac,
then weakened and fell irregularly 1 &c
from the highest point, but part of the de-
cline was subsequently recover
ed, the market closing steady.
The improvement toward the close
was due to a contradictionsof the report of
the large failure, the firm in trouble being
small and unimportant Car lots oflsNo.
ranged at 541a@554c; closed with $40
bid. Rejected sold at 46@464c, and closed
at Acc.
Oats were more active and decidedly
stronger early in the day, but dropping
back later. Still the close was above yes
terday, and trading was heavy for the day.
No. 2 cash was firm at 371s@373s for car
lots fresh, while sample lots were doing
| we'll for all qualities. The good trading
manifested in the speculative futures at the
opening eased off considerably before
noon.
| Rye was in demand and at fair prices,
with better prices paid for cash Sand all
futures. Mo- cash sold at 63c, and was
in quite good request, while samples were
scarce and bringing full relative prices.
Futures we're doing better.
| Barley was holding firm, and for No. 8
fully yesterdays prices were quotable, with
no offerings of cash in store, while for
futures there was more call. No. 2
cash was about SAC, and No. 3 &c. with
samples going off quite well.
Provisions were active but irregular,
opening stronger and generally higher,
then weakening off some, but closing lit
tie higher than yesterday. Receipts of
hogs were small (said to be on account of
storms west of the Mississippi), and prices
we're again considerably higher. Shipping
demand for meats not urgent. Deliveries
on February contracts liberal. The mar
ket closed rather strong.
| Pork was active and early was firm, sell
ing up 10c per barrel above yesterdays
close, but reacted later, and closed at sc
per barrel above yesterday. The break
affected provisions unfavorably.
Lard was quite active, but unsettled,
opening frmer and higher than it closed
Wednesday, weakened of later, and closed
a little higher than Wednesday.
Only $4,000 hogs arrived to-day. The
market was firm and active at prices 10@
15c higher.