Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-04-22
THE BULLS RAMPANT.
THEY SCORE ANOTRER SUCCESS IN
YESTERDAYS GRAIN TRADING,
Wheat Forced Up Several Points, AMI Corn
Likewise Booming-Greater Activity and
Higher Prices Realized for Provisions.
Especial Telegram to the Globe. !

CHICAGO, April 21.-The bulls had no
opposition to-day. As usual the movement
started in the wheat pit, where rumors be-
came current that Armour & Parks who
represents the New York syndicate that is
dealing here, had combined to force prices
up and had fixed on $1.25 bushel as their
limit for May. The short interest became
alarmed and bid figures up rapidly. Corn
gained strength in sympathy. Provisions
were buoyant and excited, and other mar
kets we're influenced.
In wheat, as before stated, a strong
feeling was developed, and trading was
active with prices ruling considerably
higher than yesterday. There was nothing
particular developed in outside indu-
but there was an urgent speculative
inquiry both on local and outside
account and to this was the advance
attributed. The feeling was nervous and
decidedly "bullish," and while offerings
were quite liberal and required a continual
| advance to bring out sellers and enable
| buyers to fill their orders. The early mar
lIet was from the same to 4@3$c higher
than closing figures on change yesterday,
| but Ia sc lower than the closing figures
on call board yesterday afternoon. Later
under an active demand prices we're ad-
vanced 24@258c above inside prices, and
finally closed 2114c higher for May, 21ae
higher for June, and 2$8 higher for July
than the closing figures on change yester-
day. June and July are now the principal
futures traded in. Winter and spring
wheat were held higher owing to the ad-
vance in the speculative grade, but little
business was transacted in either. Although
the demand continues moderate the offer
ings are liberal,
Flour was more active, and dealers were
asking better prices for all qualities, and
were said to be obtaining good advance
for the finer family and bakers brands,
with the options in wheat giving decided
change in tone to this market, while with
light grinding for some time it is thought
an established advance will be sustained
Rye and buckwheat -four were quite low.
Bran and millstuffs were in lighter supply
and doing better.
Corn was active and prices higher,
due to speculative influence. Receipts
were trifle larger and foreign ad-
vices less favorable, but influence
by the upward tendency of wheat and an
urgent demand on speculative account,with
| no great desire to sell, higher range of
prices was established. The markets
opened easier, and prices earlier ruled
about &c lower, but later advanced IA &c
per bushel for various futures above the
inside prices, then receded trife, fuetu-
ated, and finally closed TX higher for May,
15c higher for June, and 15c higher for
July, than the closing figures on 'chaDge
yesterday. No. was again in good re-
quest, and offerings only moderate. There
are good many outside orders coming in,
and local business to-day was on moderate
scale.
Oats were rather quiet. The market was
bat little influenced by the advancing ten
dency of the leading markets. July was
the only future which improved materially.
Cash oats were quiet and tame: No.
quoted at 41Mc and other grades nominal
Sample lots in larger supply. Offerings OF
mixed oats rather exceeded the demand, and
they were easy, but sold fairly and ruled
steady. The entire daily arrivals are 60
ing in the sample market and bringing
more on track as free OF cars than can be
had for the same grade in store
The speculative business undoubtedly
would have been heavier to-day had not the
attention of the principal operators in this
market been engrossed by the excitement
in other markets.
Rye was very firm to-day, but nothing
Of account could be done, owing to the
scarcity of sellers A good inquiry exist
ed, and full yesterdays prices were OBJ
tained. Sample lots of barley we're slow
and easy. There was some demand fol
No. 3 in special location. The genera
market was no better, and trade was linn
tied.
Provisions showed unexpected life to.
day; activity, firmness and buoyancy were
the features of this market. Under the
influence of an active speculative demand
which appeared at the opening
and was well sustained throughout the day
strong feeling, accompanied by sharp
upward movement was witnessed. Higher
prices we're the rule, and the advance real
lied which was general and substantial
was well supported up to the close.
Pork was the favorite article with specu
lators, though in lard and short ribs
good business was transacted. The day.
trading aggregated large volume. TIL,
trading in pork was characterized by un
usual activity and excitement. The specu
lative demand was larger and more urgen
than on any day for some time past, ant
higher prices were established
all round. Opening sales wert
made at about the closing prices on yes
terday's call, but the market promptI!
improved and closed 3211@35c highe
than opening figures. The trading wa
confined mainly to May and the late
futures. Cash was quiet. April inactive
Lard was iu good speculative demand
and higher, the advance established
amounting to 1000 cars compared will
yesterdays closing prices on change. MAJ
and the later futures received more atten
tion from traders than the near futures.