Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-14
PROVISIONS STILL ADVANCING.
GREAT SCARCITY OF HOGS.
CHICAGO.
Especial telegram to the Globe


prices, bat in the increased trading.
Operators who have been holding off all
the week not knowing what way the report
would turn values, and fearing to strike it
wrong if they ventured heavily, are now
again in the market. The speculative
trading to-day was large. Shorts were
very anxious to cover, there being we'll
founded runners that the bulls contemplated
general upward movement. Outside
buying orders we're more numerous than
for some time past. In all respects the
day was good one, and under the infu-
ences recited, wheat, corn and oats were
advanced materially, while provisions
showed more strength than on yesterday.
1t was noticed that the leading brokers on
the bull side, whose estimates as to the
falling off of the wheat yield were not sus-
tanned by the report, were buyers to
limited extent to-day, and sold very
little grain. 1t was reported yesterday
that Armour was unloading, but
this was denied again to-day, the
belief being that his holdings were
SO great he could control the market, and,
that he would put July wheat up in the
twentiSs next week.
On the board to-day an active specula-
tive demand for wheat existed and consid-
cradle strength was developed soon after
the opening. Prices ruled higher all
round, the more deferred futures COM
manding premium over July delivery.
The receipts were small and foreign ad-
vices quoted slow market, but trading
was governed entirely by local speculation.
The market opened a q 3 higher, and
later advanced 14@11.c per bushel for the
various futures, with the long futures
showing the most strength and the great
est improvement in prices. The offerings
we're also liberal and trading very active.
Later the feeling eRsed off a tride and
prices receded, fuctuated and finally closed
&c higher for June, 24c higher for July,
1870 higher for August and September,
and 115c higher for year than on
'ehange yesterday, The short crop
prospect is still the rallying
cry of the bulls and was mainly
the cause of the advance. The temper of
the crowd was decidedly ballish almost
from the first. The July, August and Sep
tember futures we're literally dealt in,
while those near at hand were neglected.
A notable feature was the advance of the
latter two deliveries to premium of &c
over the first.
Corn showed more life than for some
time. Trading was active,and decidedly
stronger feeling was developed. Specula-
tive operators bought freely, with shorts
among TIE principal buyers, and there was
also good shipping movement. The re-
ceipts continue only moderate, and infu-
enced by local speculation prices ruled
higher all round. The market opened
strong and prices about 18@4c higher.
and under an active demand and only mod
crate offerings prices steadily advanced
B@118c per bushsl for the various futures,
receded little, fuctuated and finally
closed 1@119c higher than On change yes
terday. No. was in good request. Gilt
edge receipts were preferred by buyers, es-
pecially by parties who were carrying
June contracts.
Oats were active and stronger, with quite
free buying orders for all futares and an
appreciation of a c for all the near de-
liveries. Oats were hardly mentioned at
all and although the receipts were small
there was plethora of sample offerings
with light demand, slow sales and a
tendency toward weakening.
Little rye was offered to-day, and firm
feeling prevailed. May and June ranged
4@12c higher, but otherwise there was no
particular change in the market.
Barley Was as dull as usual, few cars
were sold by sample, but the market re-
ceived no attention from parties generally
in the trade. Very little barley is on sale,
but all the demand warrants.
The demand for hog products was
moderately active and the offerings were
free on speculative account. At the
opening, lower prices were accepted
but during the latter part of the day the
feeling was stronger, and higher figures
were realized on all the leading descrip-
tons. Shipping demand moderate. For
eign advices show no particular change,
and the Eastern markets were compare
lively steady. The receipts we're fair, and
WIN oAA RAAASAAso 4OS AGA 81 AhO
for mess pork was moderate and the offer
ings were fair. Prices ruled easier early,
but rallied $4,000 later, and closed COM
paratively steady. The offerings of lard were
| fiere and the inquiry fairly active. Prices
ruled about 215@5c lower per 100 pounds
early in the day, but rallied again So 10c,
and closed steady.
Live hogs sold 5000 lower to-day. Only
| $500 were received.
While the consumptive demand for hog
| products is not nearly so large as it might
| be, trade in this particular is far from
dead, though commission merchants report
comparatively small orders. At the same
time, however, we find on inquiry that
there is moderate amount of product
going out each day, and while buyers Go
not take round lots they buy frequently,
the hand-to-mouth policy seeming to be
rigidly followed in their purchases. IL
the meantime the speculative trading has
been quite active, and prices have ruled
somewhat irregular, but with generally
upward tendency, an advance of 35@40c
| Der barrel in nork ION lie Der 100 DOunds