Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-25
1tuADI LUZ IL uVouuuu'
The Operators in Grain Expecting a
July Wheat Corner,
AND PREPARING TO MEET 1T.
Wheat Again Strong and Trading Large
anu Active.
CORN NOT AS FIRM AS MONDAY.
Good Demand for Provisions and Prices
Augmented.
A BETTER BUSINESS in STOCKS.
An Assault on Louisville & Nashville
Changers Strong.
CORN NOT AS FIRM AS MONDAY
Good Demand for Provisions and Prices
Augmented.
BETTER BUSINESS in STOCKS.
CHICAGO.
Especial Telegram to the Globe. |


to-day as yesterday, and values were quite
irregular. The two principal cereals were
in close sympathy. Wheat was quoted
firm in Liverpool and London, and prices
of both advanced on the opening sales, but
there was less demand to cover shorts.
Buying orders were also scarce and prices
gradually settled back, and quieter feel
ing prevailed throughout the session,
many strong operators being discouraged
by the favorable character of the crop re-
ports. There was, however, an uneasy
feeling among the bears, many of whom
imagine that the bull combination intend
to manipulate the market for further ad-
vance. Hence there was no selling
pressure, and toward l p. n. a better de-
mand developed, prices reacted upward,
closing the day steadier and frmer and 12
@1c better than the last call board quota
tions of yesterday. Oats were quiet and
there was tendency among
holders to unload the May
delivery. Provisions were not so eagerly
sought for as on Monday, and although
recording gain for the day yet the small
advance checked sales and the volume of
trading was considerably less, lard keep
ing we'll in the background and pork
claiming most attention, except during a
sharp furry in short ribs. There appears
to be a general idea that pork is good
! purchase in every down turn, the specula-
tors doing an active scalping business.
On change wheat was fairly active and
somewhat irregular, fuctuating about 4 4c
during the session, and at the close May
was 18c.higher than it closed at o'clock
yesterday, June &c higher and July 38c
higher. There was some decline in the
call yesterday afternoon and this morning
it opened 14@$5c lower than it closed at 1
o'clock yesterday but there was pretty
fair demand, under which the market
gradually improved M@1e, but at this
! point some pretty heavy lots were thrown
on the market which broke off irregularly
114c on June and 115c on July. Later,
when these offerings were disposed
of, fair demand sprung up
| and there was some improvement
in values, after which prices fuctuated some
| and closed tolerably steady. On the cau
| the inquiry was more urgent and values 4
@38c higher, the latter for July, which
| sold about 1c better than on yesterdays
| call, while other futures were doing about
| 15c better than then. The receipts were a
| trihe larger and there was nothing particu-
| lar in outside influences to create much if
| any change and the market was governed
mainly by local speculation. The crowd is
afraid of July wheat, the belief being quite
! general that some of the larger operator;
| have undertaken a deal in that option
May is receiving less and less attention, q
large proportion of its traders being closed
out or transferred to longer futures. Win
ter wheat ruled very quiet to-day. Spring
in fair demand moderately offered.
Flour was quotably firm and dealers
| were disposed to hold for higher prices IL
having light stocks to work from and NJ
great amount back and to come and tn,
finer family and bakers brands were doing
we'll while shippers and particularly ex
porters were unwilling to pay the bette
rates demanded. Rye -four firm. Bran ant
all mill stuffs were doing we'll and bringing
4
flour for the week ending yesterday wer
4S,373 barrels against 48,41S barrels tn
previous week and 53,S62 barrels the sam
period last year. No very importan
change has occurred in this market during
the past week, although there was littl
improvement in the demand, owing pal
TALLY to the reduction in rail freights, an
indications were more encouraging 70
better trade. Local jobbers have a
through the week shown a little more di:
position to purchase. At first dealer
merely inquired, but later gradually CON
menced to buy and steadily increased thei
purchases, evidently influenced by th
sharp up turn in wheat. Exporters ais
appeared to realize the fact that wheat We
advancing above the present value {
-four, and evidently were of the belief tn;
-four would do better. For some time e;
| porters have been firm in the belief tn,
, | holders of American -four would be con
PEELED to accept the views of foreign buyer
} but there now seems to be possibility
the latter meeting the views of the forme
| especially when navigation opens. R.
= ceipts have been light and stocks not larg
Millers, owing to recent dullness, have NJ
, been running to their full capacity, and
> would not require much trade to sbsol
j the supply on hand.
Only a fair business was transacted
corn to-day, and the feeling was unsettl.
q The receipts were smaller, but foreign a
b. vices quoted an easier feeling, and the
was no special urgency to the deman
g The offerings were fair. Trading W
d chiefly on local speculative account, wi
shippers buying only moderate. The ma
ket opened 1(@15c lower, rallied q :, th
j weakened off to inside figures, but just
Il | ward the close advanced about 8c p
IS bushel, selling to the outside prices of t
= day, fuctuated and finally closed about
higher for May, lc higher for June, a.