Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-18
Corn Scores a Decided Reduction With
Indications Fayoring More.
light SUPPLY UNDEREsTEMATED
Pork Likely TO Fall lower Than at Any
Time This Year.
THE STOCK MARMET VERY DULL.
Slight Fall in Prices Oh All the Lead
ing Shares.
CHICAGO.
Especial Telegram to the Globe. I

liant tonight. They have had their own
way ali day, and their foes are left in
condition of utter Generalization. They
have not been always glad. Until this
month the bulls have been making the
money. Now all is changed, and the
former victors are sinking good deal of
their gains. Thus far there are no failures
this month, but there will be before the
close. Some CT the weaker houses who
are long ara looked upon as very shaky.
The shorts today boldly prophesy corn
will sell at 45c O. the last day of the year,
and that May will sell under SOC. With
wheat under dollar predictions OF a much
further Drop seem rash; still there is SO
little life in thaj market anything is posi-
BILE. Al calculations IN provisions have
been disturbed by the unexpected large ar
rivals of hog, and it is admitted that the
lowest point IS nos yet reached, and that.
there is little hope Of recovery,
before the holidays. In January better
things may be hoped for.
On the board day wheat was fairly act
i've but decidedly weak, and ct the close
month was 134c lower than at 1 o'clock
yesterday, January 1 &c lower, February
1a4c lower and May 1 &c lower. There
was considerable weakness yesterday af
ternoon, and this morning the early sales
were at &c decline from the closing figures
yesterday, rn!ed weak, largely in sympathy
with the break in corn, and fell &c more,
afterwards changed slightly and closed
easy. Winter is exceedingly dull and &c
lower, and spring moderately active and
11ac lower.
The flour market was more quiet, and
the feeling in the trade was one of dull
ness, with little call from the home trade
and the export orders were greatly lessened.
Prices were weak, and would have to
be shaded for shipping stock to
sell any quantity. Rye flour
was slow; buckwheat -four firm; bran and
all millstufs going out quite well.
The corn market was active and feeling
unsettled and weak, accompanied with a
material decline in price. The receipts
were larger, the weather cold and clear and
favorable for the inspection of corn, and
market advices generally unfavorable.
Under these combined influences there was
considerable pressure to sell. AS price
declined and margins became exhausted,
operators commenced to sell more freely,
and the result was d material break in prices
The market at the opening was a shade
frmer than closing figures on the call yes
terday, but commenced to weaken under
liberal speculative offerings, and prices de-
clined "a C for December and year, 12Ic
for January. and &c for May below the
outside prices, then fuctuated, and finally
closed 15@11ac lower for the various
futul es than the closing figures on Change
yesterday. 70. . was in moderate
demand, and while early sales were made
at 1928 q 5000, the market soon weakened
and by the time the bulk of car lots were
on sale, prices reached soc, and then sold
to 1870, and closed at about 1870. Hun
dreds Of small operators closed out their
deals to-day at a loss or were closed out
by their brokers, margins being no longer
forthcoming. Some idea of the rapidity
of 1.-THE drop in corn may be had by
comparison of prices at the close of last
month and to-day. Then cash corn sold at
661ll; to-day at 1874, difference of 1870
in two weeks, Of which difference 51ac has
been made this week. May delivery has
lessened in value Be the past week, and is
still going off. The receipts to-day were
100 cars larger than yesterday, and graded
better. People are beginning to believe
the crop just harvested was much better
than had been reported. It is many months
since corn sold under so cents until
to-day. The amount of this cereal
being thrown on to the market the last few
days is unprecedented.
Oats to-day are holding up fairly for
present to breaking off heavily for the
longer futures, and dull for the same,
with quite a shortage said to be out for
the year, and this was keeping from any
heavy break Tor the same. No. cash sold
fairly for car lots fresh at 1890 early to
BIC, the best bid later, with most samples
slow and the cars inspecting No. 2 going
mainly in store and the rejected and No.
9 white doing better on track than could
have been had in store. Future deliveries
were holding up quite well for the year,
but dull at the close, under quite demand
from the shorts to breaking down for
the longer options: ....-e-
Rye is quiet, and after the first opening
to-day was easier, with few buying orders
and more sellers. No. 2 cash sold
at 5s1ac early to slow at 5Sc later,
while sample lots were in better
supply and going slow. Future deliveries
we're slow, and after the opening easier.
Barley was quiet, and there was drop
back from yesterdays advance in No. B.
with few buying orders and quite free sell
ers. No. 2 cash was about SOC for fresh re-
ceipts, but less for regular, while No. was
dull at 1870, and ali samples were slow.
The market for hog products was only
moderatively active, and prices ruled
easier. The offerings were moderate aud
the demand was fair, and chiefly to pro-
vide for outstanding contracts. Shipping
demand fairly active at slightly reduced
prices. Foreign advices rather unfavor-
able, and pork and lard quoted lower.
Eastern markets easier and prices favored
buyers. The receipts of product were fair