Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-12-26
THE BIG TUMBLE,
Rhich HAe0t Took in Chicago Last ".

Rhich HkeGt Tool; in Chicago Last Week
[Chicago Tribune, Dec. ISL
|. The market took another down turn
yesterday, and very Unexpectedly so to
the great majority of operators. There
was no great faith in 3 possible bulge be-
fore the close Of the holiday season, but
most people had gotten the idea that
prices had declined about as far as was
necessary in order to make the trade feel
comfortable, as all the high priced longs
were supposed TO have been closed out
under the decline of two or three DAYS
previous. The opening feeling was,
therefore, rather steady, but there were
orders to sell pork and wheat, which had
the effect of depressing those lines, and
the others went down in sympathy with
them. Wheat declined TO 96X for Feb
ruary,-a drop of 25S cents,-and May
corn to 4l5S, drop of about cent.
Pork declined TO S12.575% for February,
which was just shade less than so cents
per barrel, while lard de-
clined to sS.421% for Feb
ruary, which was trifle less than 10
cent per 100 pounds decline Oats fell off
lard, these prices were lower than the
bottom figures on Tuesday, which was
the really panicky day during the recent
period of commOtion In corn and oats
the lowest prices were about @ quarter of
cent above those Of that day. The
markets rallied a little towards the close
of Change, but
THE AFTERNOON FEELING WAS WEAK.
and after the regular trading on the call
February wheat declined to 961k cents,
closing at that figure. The trading was
heavier than usual, hut there were no
failures, and, so far as heard, no irnmedi-
ate expectation of any. The fact seemed
to be that all the people who were hold
ing pork aud lard and grain at
the high prices Of last month
were closed out a few days ago, and
though there are good many longs now,
they are longs at comparatively low prices.
For instance; the bulk of February wheat
which is now held by longs was probably
bought at from 9S cents to 81 or SI.Oi,
and the same proportion will obtain in
provisions; so that q decline of 8 ora per
cent. further would ne necessary to ey-
haust the margins already put up on the
majority of the deals which are now out
standing. This perhaps tho best au-
gury that can be framed for a more
settled condition of things to-day and
during the holiday week. The trading
yesterday, though heavy, seemed to be
largely on local account, with few out
side orders either to buy or sell on the
market. 1t was thought that the early
offerings of pork and wheat,
which started the markets down
ward, were the relics of lots sold
to the parties who suspended earlier in
the week, and were being closed out by
the people holding them because they
were not able to deliver to the original
purchasers
THE SUSPENDED FIRMS
had nothing new to report yesterday.
Messrs. Jones 81 Mcdonald arc In such
condition that they hope TO be able TO
make statement between now and Moh-
day: They propose to treat sn their
creditors alike, and their efforts are all in
that direction. Every dollar of the firms
wealth will go towards paying the lndebt-
ness, and the indications arc now that O.
fair and amicable settlement will be made.
Col. Ray, of Ray & McLaury, is working
like a beaver to fix up the affairs of his
firm, and the same is true Of Gardner,
Stone s. Co
The application of DAYS KIDNEY PAD is so
simple that no one can fail to understand il.