Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-16
THE FUTURE OF THE MARKETS.
STOCKS At NEW YORK STEADY,
The Northwestern Shares Merely Hold
Their Own.
CHICAGO.
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 a 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 3$G1ac over the low
est prices pr eviously touched during the
session, then became weak and feli OF "a c,
fiuctuated within a narrow range, and at
the close month was about 10 less than
at 1 o'clock yesterday, January 58c less,
February 15c less and May 1ac 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 -four trade to-day quieter tone
was noticeable and on shipping account
easier prices were 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@ zoe per barrel
before looking at samples. Rye flour
slow. Buckwheat flour firm. Bran and
all millstufs 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 were 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 higher
then advanced about 1a@Ac fol
the various futures, became weah
under free offerings, and declined 5s@1c
fuctuated and finally closed about 70 low
er for cash, December and year, 3sc lowel
for January. and 1sc lower for May thai
closing figures on change yesterday. Th'
shipping demand was rather light and con
fined to the lower grades. No. 2 was il
only light demand. A further drop of y
@38c occurred during the afternoon, offer
ings being rather free on call, and a mil
lion and half bushels being sold at shade,
figures.
During the morning oats were firm.
good speculative demand existed on tn
regular market, and prices were triti
better for cash and the deferred futures
but December which was higher yesterday
remained within the former range. Ca
lots of No. sold at 14@$sc advance. San
ole lots of No. white and rejected
good supply, but most of the No. comm
in are ordered in store and held agalns
contracts. Sample lots were in fair loc
and shipping demand and steady. Futu
deliveries were steady with modera
trade. The defer futures ranged sha'
higher, but closed unchanged. Somewh
of reaction occurred during the afte
noon, the futures losing their frmness al
early advantage.
In rye a frmer market is quotab
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 shade higher Il
No. 3, owing to an increased speculati'
demand. The cash market remains qui
and limited quantity sold at 11kc {
vance, No. 2 ruled quiet, and there v
no change; sold sparingly at SOc Sam
lots were not much called for, and th'
was dull, slow market. There was
market for No. z; 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, shipp
demand fairly active. Fore
adVices were rather u1favorable, aud ba