Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-24
PRESSURETO REALIZE BY SHORTS
Review Of the Transactions for the
Week Just Closed.
VANDERBILT AND GOULD TALK.
Their Future Railroad Operations Brief
~ Outlined.
CHICAGO.


market was weak, lower, and values irreg-
ular. The receipts were also fair, ship
ments small, and other surroundings ad-
verse to sellers. At the opening prices i'm
mediately declined 1@11sc, when the
shorts who had sold at the opening COM
menced buying, and an advance of 1c fol-
lowed, but when they had covered prices
again settled back, and closed shade over
the lowest prices of the season. The re-
ceipts were larger than Saturday. Trading
in car lots of No. 2 was fair,operators buy
ing to fill sales previously made, and lower
prices were accepted, the market closing
nc below that of forty eight hours ago.
Spring wheat was in fair demand but
quiet and lower, closing on call at 941ac
for the year. Regular No. 2 wheat showed
more activity on the market in a local
speculative way, and prices were unsettled
and irregular within range of lie per
bushel, and finally closed % gle lower than
the figures current at the adjournment of
change on Saturday. Vessels were engaged
to carry 10000 bushels. Sixty thousand
bushels were sold on call at $3.50, Deem
Der, $4,000 at 81 for May. In November
trading was fair and offerings liberal, IN
settled and weak with few sales in differ
ent parts of the crowd at 9515c and $500
but before there was any trading of conse-
quence prices broke rather suddenly.
selling quickly to 94115c, giving parties who
had selling orders but little chance to sell
until the decline was established. then
buyers took hold more freely and prices
we're advanced 95Ac, again weakened to
94;sc, fuctuated, and closed at $3.50.
Winter wheat shared in the decline. In the
other markets trading was larger than at
the close of the week, both in cash and
futures at prices 1@1l4c below Saturdays
closing; 5000 Dec. was sold at $3.50 on
call. Flour was steady and firm; there was
moderate local demand and. exporters
held number of orders, but the latter
were restricted from trading to some ex-
tent on account of prices being limited be-
low the views of holders. Choice
spring and winter wheat fours were mainly
called for. Rye -four was slow. Buck
wheat flour was quotably firm. Bran and
AAA AAAAAo0uAAo WVAO COuSA nv oAtCI duu az Tx III
prices. Corn trading was quite active,
but the feeling developed was unsettled
and prices ruled lower. The receipts were
large and there was considerable pressure
to sell at times, the offering for future de-
livery being liberal; at the opening in par
ticular, there was very strong pressure to
sell at times. the offerings for future deliv-
cry being liberal.
At the opening in particular there was a
very strong pressure to realize and prices
varied from a to 1sc in different parts of
the crowd, quickly declining to point
14c lower for November and &c lower
for year than closing figures on change
Saturday.. then rallied under good de-
mand and sold up 1%c for November, Nc
for year, but again weakened irregularly
and finally closed about 1ac lower for cash
1sc lower for November, &c lower for sell
Ter the year, 5sc lower for seller January
and &c lower for seller May than
closing figures on Change Saturday,
No. 2 in good request, closed
on call at 7OA October. High mixed
closed at TIC, rejected at CSC. Novem-
Der was active and unsettled with free of
ferings and limited demand, early few
sales were made at 6916c in different parts
of the crowd, but Immediately broke of
with limited trading only at the early,
prices to 6814c, then commenced to rally
under good demand and sold to 7O11c
back to 69@695sc, fuctuated and closed
on call at 69Ac, sales on call being 645.-
600 bushels. December was quiet and
quotably about the same as year,
Year was quite active and closed
at 6256c; January. fair trading with
sales at 5455s@531Sc; May, in moderate
demand, fuctuated and closed at about
5558c. Oats; receipts 1856 car loads; in
spected from store 1880 bushels. The
market was rather quiet and generally
speaking weak, but toward the close a
irmer feeling set in, owing to a rally in
wheat and corn. The decline in cash and
October was regained, but the other fu-
lures show shrinkage of 4@ssc on the
figures current on the adjournment of
change on Saturday. Forty thousand
bushels sold on call at $3.50 for May. The
market for hog products was greatly un-
settled to-day and prices irregular
and lower. Owing to the weakness
in the hog market the
speculative offerings of products were free
early and prices declined rapidly. Later
the market exhibited more strength and
fair portion of the decline was recovered.
but towards the close the feeling was easy
and prices favored buyers, shipping de.
mand moderate and prices easy. The
receipts of products were moderate and
shipments fair. The offerings of pork
were free early and prices declined 3OQ35c
on the whole range. Later the feeling
was stronger and prices rallied 25a3Oc,
but receded again 15@1Oc
Closed easy. Cash quiet.
This market was greatly improved last
week from what it has been for months
past and was taking on the old time activ.
ity as to amount of sales and tone of mar
ket. Sales we're liberal as to movement and
would have been heavier had there been
an abundance of stock to work from.
The heaviest demand was from the CITY
jobbers and the bakers of the city, each
being satisfied that prices would he M