Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-20
4 SPIRITLESS DAY IN WALL ST.
A Great Many RumOrs of Future Move.
ments Of Stocks Afl0at.
AND GOULD BEARS.
COmb;na tiOnS that Promise to Have an
Important Influence.
CHICAGO.
Especial Telegram to the Globe. I


on the various markets had their effect to-
day in the same direction. There has been
battle all day long in the corn market,
prices alternately going up and coming
down again, with the first tendency
stronger and in the end triumphant. In
the year option the fluctuation during the
day amounted to 21sc, in January and
February, II C, and in May &c. The shorts
were still considerable buyers. but to-day's,
advance was due more largely to the bulls,
who held with tenacious grasp to their
advantage, and asked every means of in
creasing it. Some of the large and more
daring operators have scored large profits
the past few days trading IN
the feverish market, buying at the
lowest and selling at the highest points
and realizing from day to day. Wheat
followed corn in the irregular movement
to-day though to a less extent and did not
retain its advantage. Oats are higher
than yesterday land provisions also show TN
improvement.
In the wheat pit on the board regular
wheat was fairly active and somewhat un-
settled, fuetuating about 7sc and at the
closing month was about the same as it
closed at 1 o'clock yesterday. January
11sc higher, February 1sc higher and May
was unchanged. The market opened rath-
er strong at some advance over the closing
figures yesterday, improved irregularly e
G4c, but finally weakened and fell irreg-
ularly about 20 from the highest point,
then improved and closed firm. Decem-
Der was quiet, and the few sales we're at
91B @924c, closed at 921sc, opened at
9215c, eased off some, then sold up irreg-
ularly to $3.50, weakened and fell irregu-
larly to 92c with some sales at 91Bc,
then improved and closed at about 9215G
92l4c. During the afternoon the feeling
was trif'e easier. A year ago to-day
wheat sold at $1.27. Winter is quiet but a
shade higher, and spring quiet with little
demand.
The flour trade was quite dull to-day,
and dealers have found it next to an i'm
possibility to sell, or at least unless willing
trade not caring to purchase, and shippers
and exporters have greatly diminished Or
ders. Prices were weak and would have to
be shaded to sell. Rye -four slow. Buck
wheat flour was doing we'll. Bran and all
millstuffs were going out fairly, and hold
ing at steady prices.
Among the corn men an active specula-
tive business was again transacted. The
feeling was decidedly unsettled, and prices
subject to rapid and wide fluctuations, due
iagely to speculative operations. Receipts
were again quite large and the weather was
rainy and unfavorable for the grading of
corn. The market opened frmer and
prices 5000 higher than closing figures
on the call yesterday, ruled strong for De-
cember, which advanced an additional 34c
under an urgent demand and light offer.
ings, while January and May declined.
Later December and year ruled weak, and
prices declined &c from outside prices
reached. January declined 11sc, and May
nc, fuctuated aud finally closed
about 20 higher for cash, and
December, sc higher for January,
and ssc higher for May than the closing on
change yesterday. December and year
was unsettled and trading active, with
sales at 5o5S@52Ac, sparingly at both e1-
tremes of the day, and closed at 512c bid.
few trades at 52s4c, then off to sligo, to
SIC, then down to ,511a and then rapidly
to 5O1sc, rallied to 514@514c, fuctuat-
ed and closed as above mentioned. Dur
ing the afternoon the feeling was equally
unsettled, but at the higher range of
prices. A million and three-quarter
bushels of corn we're sold on call. At the
close of the day December was I@3sc
higher than it closed on the board. January
1sc lower, February 1sc higher, and May
Ic higher.
The oat market was firm for cash and
seller the year. The former ruled a a &c
higher,s with good specula-
tive demand, and also increased
offering. Sales of No. were made at
374@373Sc. Seller the year opened lie
higher, but afterward. where liberal receipts
were posted and the corn market receded
from the early advance, the market reacted
&c. Other deliveries were also shade
better early, but the improvement was
slight, and there was a final reaction. The
volume of business done was only moder-
ate, in fact rather light, considering the
fluctuations. Sample lots of the lower
grade were easy, with liberal offerings,
but No. 2 and No. white coming in are
so largely taken in store that these grades
were not over plenty but ruled dull. Flu
ture deliveries were frmer and higher
early. but subsequently, declined and
ruled very quiet, during the
greater part of the session.
Year, closed 10 higher, but other deliveries
closed the same,only about 11ssc better than
the closing of yesterday. On call the up
ward tendency prevailed and prices we're
4@as better.
Rye was about 11sc better. Owing to
some speculative inquiry, tirmer feeling
prevailed. The advance was really effected
en- the late call yesterday. There were
larger receipts, but this did not show in
the tone of the market. No. 2 sold at SIC.
Rejected at Sc for scattering receipts.
Future oe.iverie- were iirmer. Trading,
however was of q ligA. order.