Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-02
An Advance Of 1c Each on Wheat an(
Corn.
HE STOCK MARKETS STRONG.
Indications OF Return Of Confidence
Money Easier.
CHICAGO.

to eliminate and allow cash products to
slump off next day. 1t was plain sailing
all through the range. Grains were higher
to day. Fine weather and light receipts
this morning were counterbalanced by
firm Liverpool and London markets.
Mixed corn at the former port was re-
ported considerably frmer while wheat off
coast showed better feeling, and cargoes
on passage were steadier. London re-
ported corn off coast and cargoes on pas
sage firmer and higher. Everything on
the market here advanced and closed, with
but littls AUctuatiOn below the lowest point
of the session. Provisions were firm and
steady, showing considerable strength.
The advance on cereals was from 81 to
38c above the closing prices at the same
hour yesterday. Very little change was
noticeable in the afternoon except that
oats were higher. Wheat was a
trife easier for time, but
there were plenty of buyers for all offer
ings. Pork and lard were shaded, per-
haps sc for the former and 2115c for the
latter. The volume of trading was good,
larger in fact than for some time, and
some considerable life was shown.
There was more active business in
wheat to-day. Prices were generally
stronger and at the close cash or March
about 20 higher than yesterday; April
and May Is g higher. The early sales were
at a trifing advance over the closing fig
ures at 1 o'clock yesterday, improved a
trife, then eased off, but later 1t began to
advance and sold steadily up &c from the
lowest point, then reacted about 15c, but
afterwards improved some, closing toler-
ably steady. The foreign advices indicate
very strong markets abroad, and notwith-
standing fine weather here the local feeling
soon became decidedly bullish, with the
shorts covering freely and there
was also more liberal line
of buying orders from outside points.
Western and spring wheat were in better
request and stronger.
Flour shows NO change whatever and it
hardly pays to show samples.
In the corn pit there was an active bust
ness to-day, trading being on q more lib
sral scale than for some days, prices ruling
stronger, and at the close March was PC
higher than at o'clock yesterday, April
q higher, and May sc higher. The first
trading was at about c advances on the
closing figures at 1 O'Clock yesterday, but
| thsrs was a strong feeling almost from the
start, prices gradually improving, April
selling up q O and May re, then easing
| off $Sc, afterwards changing slightly, and
closing tolerably steady. Strong foreign
markets and sympathy with the firm feeling
in wheat were the principal causes of the
advance, as they developed an active short
demand and brought in liberal buying
orders. Car loads of No. 2 sold at $50
ISL e for receipts dated this week, and 15c
less for last weeks receipts. Rejected
was irregular, prices being governed by
location. The afternoon feeling was
stronger.
Oats were active and strongly on the up
turn, with buyers bidding sharply for the
offerings, for cash or any future, and fore
ing an advance of 1c per bushel for near
by delivery, and about &c for the longer
options, to quoting off slightly for clos
ing. The bullish tendency of other mar
kets was helping to this advance. No.
cash was wanted at Acc, but the
cash in store held off the market, and
daily arrivals are going to the sample
market and selling readily at higher
prices. On the call 4@38c better prices
were paid than on the board.
Rye was doing some bet
ter to-day, still there was
no great call in either direction and sales
were very small. The speculative trading
was next to nothing.
Barley continues quiet and it is
difficult to bring about bus
ness there being no disposition to operate
for cash, in store or for future delivery.
The sales of the daily arrivals N the
sample market were slow.
Trading was only moderately active in
the market for hog products and the feel
ing was steadier, accompanied with slight
~ improved prices. The deliveries on
March contracts were quite free of mess
pork and lard and rather light of short
rib sides. The deliveries were readily &C
cepted and very little product deliver
ed sought the market again.
The shipping demand was moderate
Foreign adviees indicated no particular
change in that quarter and the Eastern
markets were comparatively steady. The
receipts of product were moderate, and
the shipments understood to be quite
liberal. The inquiry for mess pork was
moderately active and prices ruled with
considerable steadinsss within moderate
range, and showing little change from
yesterday. Cash quiet and steady. The
inquiry for lard was moderately active and
the offerings we're liberal. Prices were
steady aud without material change.
Live hogs were shade weaker to-day,
although the change was inconsequential.
The receipts were 1900. The Eastern
railway lines have again made their ship
ments of grain and provisions public, and
the traders once more are cognizant of til g
| movement of staples out of Chicago.
NEW YORK.
Especial Telegram to the Globe.
Nr7U VOREy March -Thars was a eOOd