Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-11
INN.Y. Still ADVANCING.
The General Feeling Being that thf
Bulls Have the Market.
CHICAGO.
[special Telegram to the Globe. ]

CHIIAGo, April 10.-The reaction that
was expected came to-day. The markets
on 'change were strong, active and higher.
Wheat was dull and lower in Liverpool,
and the weather favorable. but the general
tone Of the crop dispatches was rather dis
coUraging. There was also fair specula-
tive buying. The shorts seemed to realize
that they had sold more than they were
disposed to stand on, and under an active
bidding from the various classes of buyers
prices advanced and trade was large. The
receipts Of corn were large, and over 20
per cent. of it graded No. 2, but there was
a large demand to cover shorts. Strong
operators also bought freely, Supposed to
be on speculative account. The receipts
of oats we're not so large, the speculative
demand better, and trading was
fairly active. The continued small
receipts of hogs had the effect to
stimulate prices for provisions, and
the g @speculative articles were higher.
Mess pork was active under a good de-
mand TO cover shorts. There was also
some buying to hold for al upward turn
in prices and values appreciated, but the
advance was not fully supplied. The
quantity Of grain in Chicago elevators and
on vessels in the harbor, is now 6,716,0O0
bushels of wheat, 9,022,00o bushels of corn
and 1,528,O0O bushels Of oats.
In the wheat pit on the board there was
an active demand and stronger feeling
was developed with good share of the
decline of yesterday recovered. Market
advices from other points quoted dull but
reports were received from some sections
of the West of stormy weather, and this
influenced a better demand. Shorts also
who had profits in their previous sales
were more disposed to purchase and the de-
mand was active, while the offerings we're not
as liberal as during the past few days. The
market opened A@1c higher than the
closing figures on the call yesterday, fuc-
tuated somewhat and finally advanced Is q
1c over insida figures, and finally closed
about 1 SO higher for May, &c higher for
June aud 115c higher for July than on
change yesterday. Values held steady dur
ing the afternoon and although there
seemed to be g good request, the offerings
were reduced and the call sales were but
365.OOO bushels. There was some inquiry
for winter wheat to-day, but little offered
Spring was in moderate request anC
stronger.
The -four trade shows nothing but dull
ness and q tendency toward further weak
ness.
In the corn pit trading was active and
an unsettled feeling was developed. The
receipts continued quite free and quality
improving. Foreign advices were of al
unfavorabie tenor. However, notwith
standing the nature of the above intiu
ences, operators bought freely and there
was less desire to sell. Shorts bought free
ly and there were also reports of storm!
weather from some sections. The marke
opened about 58c higher than the closing
figures on the call yesterday, advanced al
additional 12c, then declined &c, but again
rallied under an active speculative deman'
and prices advanced 1@14c, receded
trife and finally closed 1870 higher fo
May, 13Ic higher for June, and l 81 highe
for. July, than closing figures on chang
Yesterday. No. . vas in fair demand an
receipts dated April g. and since, sold q
51M652c and closed at about 52c. Th
receipts were 4SO cars, of which 321 we're c
contract grades. The afternoon inquir
was active, and prices were somewhat i
regular, but closed generally at a sligl
advance,most marked for the near delive
les. The sales on call were 100000 busl
els.
There was marked improvement
oats. The arrivals were only fair, an
consignments met with ready sales on Il
sample market to local buyers and shil
pers and there were no cash-in-store one
ings to speak of. Car lots of first storas
No. sold at 414@HHc. The specula
i've market was quite active, trading f
May delivery in particular being qui
lively. Prices opened at good improv
ment owing to other markets being bett:
but liberal decline followed. This "
more than regained, however, for selle
were less plenty, and the speculati
demand was good. A good many lon
have lately sold out, and the offerings fro
this source were smaller, and there We
not many short selling orders. The pri
cipal longs maintain & strong front, a
the advances which followed the early {
cline brought prices to 8G1Rc aba
yesterdays closings. The principal mo-
ment wss in May and June deliveri
During the afternoon this was the stror
est market, there being an active de2s
at further advance of 1498c.
Rye Was steady. The improvement
other markets checked the offerings. So
pie lots we're in fair request and scar
The afternoon feeling vas stronger.
A steady feeling was manifested il b
ley. and yet there was little done to in
cate that the market was much bet
There was less barley offered for fat
delivery, while at The same time for NJ
April there was some demand at hig
figures. Nc. remains entirely nomil
Sample lots were steady, with the dem;
and supply both only about fair.
A good speculative demand existed
provisions to-day. The offerings were
very large. The market was decide