Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-16
A SP[RZPLESS DAY.
The Markets in Chicago Exceptionally
DulI'a and Featureless.
ALL THE CEREALS SOME LOWER.
Provisions Suffer Decline and Refuse
to Rally in the Least.
THE FUTURE OF THE MARKETS.
A Belief that Germ VIII Go Lower and
Remain at Bottom Prices.
STOCKS AT NEW YORK STEADY.
The Northwestern Shares Merely Hole
Their Own.
lie FUTURE OF THE MARKETS.
A Belief that Germ VIII Go Lever and
Remain at Bottom Prices.
STOCKS AT NEW YORK STEADY.
The Northwestern Shares Merely Hold
Their Own.
CHICAGO.
Especial Telegram to the Globe.1

CHICAGO, Dec. ia further decline ocA|
CURED to-day in all the markets except
cash oats and rye. The feeling in the
corn pit was repetition of yesterday.
Wheat is decidedly weaker and lower all
around. The futures in oats are weaken
ing, and provisions have not been able to
hold their own.
On the board to-day, wheat was again
quiet, ope ning at about the closing figures
of yesterday, easing off some, but then i'm
proved and sold up 2s@1zc over the low
est prices pr eviously touched during the
session, then became weak and fell OF nc,
fiuctuated within narrow range, and at
the close month was aboct Sc less than
at 1 o'clock yesterday, January 5sc less,
February nc less and May re less. The
business was moderate and mostly local,
few outsiders orders being on the market.
The closing was quite weak. On call there
was but a very moderate request and prices
still further declined. Winter is quiet and
steady with few orders on the market.
Spring is quiet and lower.
In the flour trade to-day quieter tone
was noticeable and on shipping account
easier prices we're prevailing with quite
falling off in the orders, and few we're bid
ding for the stock. The home trade were
taking enough for present wants and were
demanding a reduction while reporters
report dull market in Europe and a
great falling off in purchasing orders, and
call for decline of 15@2Oc per barrel
before looking at samples. Rye flour
slow. Buckwheat -four firm. Bran and
all millstuffs in larger supply, still selling
more readily and at better prices.
On the board corn was fairly active
chiefly on local speculation account, and
feeling unsettled, prices being subject to
numerous fluctuations within a moderate
range. The receipts we're moderate ant
shipments light The weather was clear
and cold, and market advices from othe
points were rather unfavorable. The mar
ket opened irmer, ruling about higher
then advanced about 1a@Mc TO
the various futures, became weal
under free offerings, and declined 56@1<
fiuctuated and finally closed about 20 low
er for cash, December and year, 3sc lowe
for January. and 1sc lower for May tina
closing figures on Change yesterday. Th
shipping demand was rather light and col
fined to the lower grades. No. 2 was i
only light demand. A further drop of J
@3sc occurred during the afternoon, offe
ings being rather free on call, and mi
lion and half bushels being sold at shade
figures.
During the morning oats were firm.
good speculative demand existed on Il
regular market, and prices were trif
better for cash and the deferred future
but December which was higher yesterda
remained within the former range. G.
lots of No. sold at a go advance. Sar
pie lots of No. white and rejected
good supply, but most of the No. comil
in are ordered in store and held again
contracts. Sample lots were in fair loo
and shipping demand and steady. Futu
deliveries were steady with a moders
trade. The defer red futures ranged sha
higher, but closed unchanged. Somewf
of a reaction occurred during the aft
noon, the futures losing their frmnees q
early advantage.
In rye a frmer market is quotab
Prices are No better all around.
offerings continue light. A speculat
demand for the deferred futures was
main cause for the improvement.
Barley is firm and shade higher
No. 8, owing to an increased speeulati
demand. The cash market remains gu
and limited quantity sold at 112c
vance, No. ruled quiet, and there '
no change; sold sparingly at Soc. Sam
lots were not much called for, and til
was dull, slow market. There was
market for No. 2; No. opened %
higher, and ales were made, but most
the advance was subsequently, lost, and
market closed dull.
Provisions are off to-day. Trading
moderately active in the market for
products. but the feeling was easier,
prices averaged lower on all the leas
articles. Offerings rather large, shipI
demand fairly active. For
advioes were rather unfavorable, and b.