Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-28
The Transactions Heavy and Consider.
able Excitement in the Trade.
THE PORK MARKET QUITE STRONG.
McGeOch in Possession of the Entire
Stock Of Grain in Milwaukee.
UNEASY FEELING IN WALL STREET
Most Of the Shares Easier, but Few
Strong and Tending Upward.
CHICAGO.
Especial TELEGRAM to the I'll,

Especial Telegram to the Globe.
CHICAGO, Dec. 27.-Although there was
still considerable competition among
the corn and oats shorts, there was no par
ticularly exciting feature of the markets
to-day. Corn managed to get down pretty
close where it was before yesterdays scare.
Wheat was quiet and opened about Ic less
than it closed at 1 o'clock yesterday. ruled
easy for time, and fell off about Ia
5Sc, then became strong, and gradually
sold up 1sc from the lowest point, again
eased off some, and at the close month was
about &c less than it closed yesterday,
January 1ac less, February ssc less and
May 11ac less. Prices still further weaken
ed during the afternoon. Spring held
firm, and winter was active and higher.
Flour was just as dull as it has been for
fortnight past. Even the shading of prices
of higher grades does not seem to tempt
buyers.1
For corn there was quite an active specu-
lative demand and the lower grades were
In good request by shippers. The feeling
developed was somewhat unsettled and
nervous, end prices were subject to fre-
quent and rather sudden fluctuations,
though changes were confined within
moderate range. The receipts were again
quite liberal, and shipments fair. Market
advices from other points without special
change, and the market here was governed
mainly by local Influences. Prices carly
in the day ruled lower and feeling easy,
but the shorts were rather anxious to pre-
vide for their outstanding contracts, which
resulted in advancing prices, but finally
closed weaker. December fluctuated
within range Of 15sc. and the
other features within range of
5000, finally closing 11sc lower for De-
cember, &c lower tor January, and 556c
lower for May than the closing figures on
Change yesterday, the market shortly be-
fore the close becoming weak under free
speculative offerings. No. in only light
request, and car lots sold at 5214c down to
513sc, and closed at about 513sc. High
mixed about the same as No. 2. Rejected
in good request. Year was unsettled and
feverish, prices being subject to rapid
fluctuations; sales ranged at 511a@ @ 53115c,
anc closed at 51%8 @5l12c.
In the afternoon prices were a shade
weaker. There was an active inquiry for
January, 100000 bushels of this delivery
being picked up on the call board at 4914
@495sc.
Oats were quite active and rather unset
tied The most important changes in
prices were for cash and sellers the
year. Cash No. 2 opened at 4Oc, or a
advance over yesterdays closing, The in
spection subsequently posted showed 346
cars in. and with liberal offerings the mar
ket soon declined to soc. Later the mar
ket reacted to 1890 and closed steady
with fair demand. Nearly all consign-
ments of the better grades were ordered
in store, while the rejected and lower
grades, of which there were 129 cars, were
held on track, and these offerings by sam
pie exceeded the demand, while choice
grades by sample were steady. Year sold
early at 403s@4O1ac, which was 4@$sc
advance. When the large receipts were
posted the market broke to 3914c.
but finally became stronger, reacted
to 40c and closed steady. On call prices
were generally easier, although 4O4c was
asked for December during the afternoons
Barley and rye were dull and slow,
without particular change in any par
ticular.
There was little more business trans
acted in the market for hog products and
steadier feeling prevailed. The specula-
tive demand was fair and the offerings
rather free, and prices averaged a trife
lower. The shipping demand was quite
active, both on foreign and domestic
account, and larger trade was reported
than for some days past, and at well sup
ported prices. The receipts of products
were fair and the shipments liberal of all
kinds and widely distributed. Foreign
advices indicated steady feeling
and Cd advance in lard, while
bacon was easier and the price is lower
Eastern market without material change
The inquiry for mess pork was moderately
active and the offerings fair. Prices aver.
aged 2A@5c lower and ruled steady at the
reduction.
The offerings of lard were free and the
demand quite active. Prices were frme,
and 211a@5c higher, but the extreme figures
were not maintained to the close and
closed weak. Cash in fair demand ani
firm. On call both were quieter and sole
shade easier. There were "a, 900 hogs ar
rived to-day. This market was active ani
firm at yesterdays prices.
Uncle Peter McGeoch seems to have de
serted Chicago entirely since the arbitra
ton committee figured him out of hi
profits in his September wheat deal
He is operating in smaller
field at Milwaukee. It is said that Nc
Geoch owns about all the cash wheat IN til
market, and on the first of the coming
month will have on his hands between
100000 and 100000 bushels of No.2 spring
There is some speculation as to whether
he will deliver his cash wheat on his Janu
ary sales. The latter, it is estimated, ag
gregates 100000 bushels.
At meeting of the board of directors