Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-05
A BETTER FEELING.
Chicago and New York Markets Show
IN Upward Tendency.
ALL CEREALS IN GOOD DEMAND.
A Little Nervousness About the PrObG-
bility Of Corner in Corn.
ALL CEREALS IN GOOD DEMAND.
HOG PRODUCTS HEALTHY IN TONE.
Paying Stocks in New York
Looking Upward.
CHICAGO.
Especial Telegram to the Globe. |

LIZ f
prevailed on 'change to-day, and it seemed
as if the holidays were nearly over. Wheat
,lfshowed considerable life, and corn evinced
genuine strength. Even provisions ceased
their downward course, and scored little
rally. Wheat had quite boom, and it is
believed that better prices will now pre-
vail. Wheat, all things considered, is
cheap. To-day it is selling 10c a bushel
cheaper than it did Jan. 4, 1882. This
market at the opening of the board was
active and stronger, and at the close Jan
uary Was 215c higher than at l o'clock yes
terday, February 21sc higher, March
21lc higher, and May 12sc higher.
There was some improvement
yesterday afternoon, and this
morning first sales we're at $8@1ac ad-
vance on the closing figures at 1 o'clock
yesterday with liberal buying orders. The
market was more than usually active, the
feeling was decidedly frmer, prices ad-
vancing 1870 on January 21sc on Feb
ruary, and 1Mc on May, easing off trife,
but closing firm. Outside figures were not
quite maintained during the afternoon.
Winter to-day sold up 1@11sc, and was in
good demand. Spring was in moderate
inquiry and stronger.
Flour as yet shows no improvement.
The market was dull and weak to-day.
Corn was excited to-day. The report
that clique was forming to corner
this months delivery, referred to as a
probability in this mornings GLOBE.
gained circulation on Change, and worked
up quite scare. The demand was more
active and the feeling unsettled. The
course of prices was irregular, with Febru-
ary and cash No. 2 advancing more than
the more deferred futures. The receipts
were smaller. Only small percentage of
arrivals again graded No. 2. Shorts were
more anxious to provide for their out
standing contracts, and the demand from
this source was more urgent, especially
for January delivery. The offer
ing5 were not large, operators be-
ing reluctant about selling for this
months delivery; hence the sharp upward
turn in prices. The market opened about
40 &c higher, and advanced with only
Slight fluctuations, 11S@156c for January,
Tsc for February and 15c for May above
opening prices, ruled easier, again rallied,
and finally closed about DC higher for Janu-
ary, II &c higher for February, and PC
higher for May, than the closing figures
yesterday. No.2 was in fair demand.
and closed at about 5114c. High mixed
was salable at 1lc premium for first
storage receipts over No. 2. Offerings
light. Rejected, first storage receipts in fair
demand, and closed at 43c. Mixed in good
demand. First storage receipts closed at
44Ac. On call there was a moderate offer
ing, and prices ranged 40 &c higher than
on the board. aiNl fD
Oats were frmer, the receipts were
small, and the market sympathized some
what with the improvement in corn. Car
lots of No. 2 were 16@35c higher. They
sold at a54@358c, and were sparingly
offered, for most consignments were sold
by sample. Rejected in store about Sig
32c, but nominal. Sample lots being only
in fair supply they were steady, with
choice firm. The demand was very
good. The futures were frmer. The
near futures ranged 1a@5Sc, and
May about 4@3Sc better. There
was a fair volume of business done. Dur
ing the afternoon the firmness in this mark
ct increased and prices ruled a shade
higher.
Rye was frmer in sympathy with the
eooJ;rc -, 4bo c,-o;,, M orl,afs o-aparoI1v Ar
the same time orders were limited, and
trade again light, future deliveries were
little stronger.
Barley was quiet, but with small arrivals
and lighter offerings by sample. The
market was steady. The in store market
was neglected.
The market for hog products was quite
active throughout the day, but the
feeling was somewhat unsettled
and prices irregular. Early in the day the
offerings were few and prices ruled lower,
but during the latter part of the session a
stronger feeling was developed and higher
prices were realized and moderately main
tanned. Shipping demand only moder-
| ately active. The receipts of product
were fair, and the shipmenss of all kinds
nat very large, The advices from foreign
markets indicate warmer feeling, and
prices declined Is on pork and 9s on lard.
Eastern markets without material change.
The offerings of mess pork were few.
Prices were 5610c lower early in the day,
but rallied 15g25c and closed
steady. The demand for lard was
| quite active and the offerings few.
Prices receded 21565c per 100 lbs, but
rallied again 1o0121sc and closed steady.
Cash rather quiet; sold early at $1o.121s,
but closing firm at $10.25.
/ The receipts of hogs were $4,000; light
lots held firm, but heavy sold 5@10c lower.
The decision of the appellate court af-
frming the decree of Judge Gardner,
holding that certificates of membership
we're assets which could be sold for salts
| faction of debt, occasioned some talk on
the board this morning. The secretary
saw it would have no effect, as it was the
| intention to carry the matter up to the
supreme court. OF course every member
J of the board is interested in tie final set.