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

Especial Telegram to the Globe
CHICAGO, Dec. ia further decline oc- |
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, opening at about the closing figures
of yesterday, easing off some, but then i'm
proved and sold up 3s@1ac over the low
est prices pr eviously touched during the
session, then became weak and TELL of nc,
fiuctuated within narrow range, and at
the close month was about Sc less than
at o'clock yesterday, January 5sc less,
February re less and May 1sc 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 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 -four trade to-day a quieter tone
was noticeable and on shipping account
easier prices were prevailing with quite
falling off in the orders, and few were bid
ding for the stock. The home trade were
taking enough for present wants and were
demanding reduction while reporters
report dull market in Europe and
great falling off in purchasing orders, and
call for decline of 15@2Oc per barrel
before looking at samples. Rye flour
slow. Buckwheat flour 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 moderate
range. The receipts we're moderate and
shipments light. The weather was clear
and cold, and market advices from other
points were rather unfavorable. The mar
ket opened frmer, ruling about chigher.
then advanced about R@Ac fol
the various futures, became weak
under free offerings, and declined 5s@1c
fuctuated and finally closed about 1sc low
er for cash, December and year, go lower
for January. and 80 lower for May thar
closing figures on change yesterday. The
shipping demand was rather light and con
fined to the lower grades. No. was il
only light demand. further drop of a
@3sc occurred during the afternoon, offer
ings being rather free on call, and mil
lion and half bushels being sold at shaded
figures.
During the morning oats were firm.
good speculative demand existed on tn
regular market, and prices were trifi
better for cash and the deferred future:
but December which was higher yesterday
remained within the former range. Ca
lots of No. 2 sold at 4@3sc advance. San
ole lots of No. white and rejected
good supply, but most of the No. 2 comm
in are ordered in store and held agains
contracts. Sample lots were in fair Loo
and shipping demand and steady. Futul
deliveries were steady with modera
trade. The deferred futures ranged shat
higher, but closed unchanged. Somewh
of a reaction occurred during the afte
noon, the futures losing their frmness al
early advantage.
La rye q frmer market is quotabl
Prices are 70 better all around. T.
offerings continue light. A speculate
demand for the deferred futures was t
main cause for the improvement.
Barley is firm and a shade higher K
No. 3, owing to an increased speculati'
demand. The cash market remains qui
and limited quantity sold at 171c
vance, No. ruled quiet, and there v
no change; sold sparingly at SOC. Sam
lots were not much called for, and thu
was a dull, slow market. There was
market for No. 4; No. opened 20
higher, and sales 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 lead
articles. Offerings rather large, shippi
demand fairly active. Fore
advices we're rather uufavorable, and bs