Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-19

! receipts continue in excess of shipments
and there is steady accumulation in store
here. The weather was also cold
and the inspection in the
main showed larger proportion of No. 9
and gave promise that the receipts
of that grade would be ample to meet all
requirements of the shorts, and as the
fears of any squeeze were dispelled there
was an increasing disposition to sell, with
little desire to buy, and weaker prices was
the result. A great deal of long corn was
sold out during the week, the holders be-
coming thoroughly discouraged and max
ing up their minds to accept the loss al
ready incurred rather than hazard great.
or by carrying the property any longer On
q declining market. In addition to those
large offerings there was a good deal
thrown on the market by reason of e1-
hausted margins. Besides there was
la heavy pressure to soil
short for a profit, and all
these combined to create very heavy and
downward market. ~;
To-day, as has been stated, a halt was
called. After an exceedingly unsettled
days trading, at the close cash was 1c
higher than it closed on Saturday, January
70 higher, February SO higher, and May
about 4c higher. The receipts were large,
being about 500 cars, and the market
opened exceedingly depressed, with the
local feeling very bearish and the market
crowded with selling orders, and there was
much weakness. But later the feeling
underwent a sudden and unlocked for
change, and sellers of the year became a
a good deal excited and rapidly sold up
@34c from the lowest point, and closed
tolerably steady.
The other options also advanced, but not
to the same extent. The advance was due
to heavy demand from shorts, who took
advantage of the break to buy in and they
gradually bid the market up in their eager
ness to get it. This started various ru-
mors of clique to bull the market, which
quickly alarmed those who had sold early
IN the day, and they soon joined in the
clamors to buy, resulting in the advance
noted. The inspection was very poor, only
about ene-sixth going No. 2 and better.
Toward the close the most urgent
demand having been filed the feel
ing was easier. December or year
ranged at 4s3s@514c, with one sale
reported as low as 4s1sc and rumored
sales as high as 511sc; closed at 5O31c bid.
Early sales were at 1870, with light bus
mess at 1880 and one sale was reported
at 4S11sc, but the trade below 1870 was
very meager, that being bid most. of the
time; sold to 1880, off to 1870, fuctuated
for some time between 40 and 1870. but
near 1 o'clock became excited and sold up
to 81 &c, with rumored sales at Size, fell
to 5O4c, closed at 5O4c bid. On call the
demand continued active, and 100000
bushels sold at prices but trife easier
than those prevailing at the close of the
regular board. This months de-
livery, indeed, was frmer, bringing
5O38 @51c. There has been received here
during the past week 1,27s,OOO bushels of
corn; shipped 661,OOO bushels; received
during the corresponding week last year
$4,000 bushels; shipped $4,000 bushels.
The visible supply to-day is 1920, 900 bush
els, against 6,46O,O0O bushels last week and
IL, ,399 900 bushels last year.
Oats have been down and up again to-
day. This morning this market was easier,
and nearly all options dull for the day,
but opening up at a decided reduction
from Saturdays closing, gradually recover
ing, and by the closing was strong as to
prices. The corn market had much in
fuence in bringing about this result,
although the heavier receipts of oats tended
to depress prices for present delivery and
for cash in the sample market. No. cash
sold at 361a@375sc, with the offerings in
store larger than usual. Samples were
more plenty, and we're selling slow and at
shaded prices. The improvement contin-
ued during the afternoon, this cereal being
in good request, and frmer and higher on
the call, December being quoted at BIZ
@378c, good advance over Saturday,
and the other futures correspondingly.
There is still quite heavy shortage out
for this month, and in the anxiety to set
tie high prices were ruling, and
was OA4O NAICCG mccsUS VI
giving high effect on the larger deals until
near the close of the break in corn helped
to reduction last week, when No. cash
sold at range of 37Q375sc, and closed on
Saturday at the inside. Samples are doing
quite we'll, with the cars inspecting No.
going largely in store to fill contracts or
in obtaining higher rate than could be had
by samples, with the cars inspecting re-
jected, and No. 2 white doing the best on
track or free on cars. The receipts the
past seven days have aggregated 4s9, ,2s9
bushels against 4sO,392 bushels for the
same period of last year.
In the board the offerings of hog pro-
ducts were moderate early in the day and
mainly on orders from outside parties,
and materially lower prices were accepted.
Later, however, and after these orders were
complied with. the demand was more
urgent on speculative account, the market
grew stronger, and substantial advance
In prices was gained. Toward the close
prices settled back to medium figures. and
ruled with considerable steadiness to the
close. Shipping demand fairly active for
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