Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-05-04
STOCKS HIGHER ON WALL STREET
The VanderbiltS Raided, but Northern
Pacific Shows Bullish Tendency.
CHICAGO.
Especial Telegram to the Globe. !

CHICAGO, May 3.-The markets on
'change to-day were firm and higher on
nearly all articles. There was a good buy /
ing demand to cover shorts and fill orders,
which induced appreciation in values, but
the demand became slow at the improve |
ment, and although the offerings we're
smaller than usual prices receded, and
trading became quite dull before the hour /,
No effort was made to break prices during |!
the period of weakness, the bears being |
very wary. A good deal of wheat was
bought to day by the parties supposed to
control the market. Corn was very tame, |
and it's fluctuations were confined to a
smaller range than for long time. Very |
little was doing in this cereal. Oats al |
though more active were inclined toward |
quietness, and made little progress. Rye
showed unexpected strength, and was by |
all odds the most buoyant |
market. 1t advanced above its highest
point for long time past and maintained
its full appreciation without any evidence
of reaction. Barley was doing a trihe
better, and provisions rallied more than
recovering the decline of tuesday and
Wednesday. Although lhara Was no par
ticular increase ia the demand, the feeling
favored higher range Of prices. The hog
market also aided the tendency, having
frmed up somewhat.
On the board of trade a large specula-
tive business was transacted aud the feel
ing considerably unsettled, A very notice
able feature of the trade in wheat is the act
i've trading for the deferred futures, August,
September and even October being dealt
in to-day, and these deliveries all COM
mRnded premium over June delivery.
Shorts bought freely and a material adj
vance was established in prices, but the
full improvement was not sustained. The
receipts continue small and the
weather was cool and threatened
rain, hut the principal and governing
influence of the market is speculation.
The market opened firm at IS to 1c higher
70, the various futures. ruled easy for a
while, and prices declined slightly, but
under an active demand prices advanced
34c for June, 118c for July, and about &c
for August and September above in
side prices, then declined irregularly
from x @ 1%c for the various futures
fupctuated and finally closed from &c to
1Be higher than the closing figures on
Change yesterday, the appreciation in
after-board trading yesterday being here
included. The after-board trading was at
unsettled values. The sales on the after
noon call were about three-quarters of a
million bushels, including 100000 bushels
of year wheat. The near deliveries are
weaker and shade lower. Spring wheat
was held trmer to-day. Trading in win
ter wheat was restricted, owing to small
offerings.
Nothing was doing in -four.
Corn was rather quiet on speculative &C
count, with fair demand from shippers.
The feeling was quite steady and a shade
Grmer, influenced by small receipts and
the frmness in wheat. But few outside
speculative orders were received, and trad
ing was chiefly on behalf of local opera
tors. Prices f1uctuated within a range of
about 4@38c, and finally closed about &c
better for July than the closing figures on
change yesterday, while June closed about
the same as yesterday. In the afternoon
B@4c less was accepted by sellers, who
were free with their offerings. The sales
were small, but one lot of May being dis
posed Of on the call, the principal dealing
being in July.
Oats we're dull and quiet. The
speculative trading was COMPARE
lively light. Prices for futures
were 5000 higher early. but reacted and
closed the day 18@35c higher. The appre-
citation was owing to the firm ruling in
other grains. Cash in store oats were a
shade better; sample lots sold very fairly
and ruled steady. The afternoon ruling
was steady, more frmness being shown
than AZ ! O'clock.
Rye scored very considerable advance
to-day. There was q brisk speculative de-
mand, although shipping orders were
rather limited, offerings were light all
found; cash advanced 14c before l