Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-13
WHEAT sPIRITLEss, FLOUR FIRM.
The Northwestern Shares Again Mo.
nOpOliZe Attention in Wall Street. n
ST. PAUL GAINS MOST LARGELY.
SpecuiatiOns as to the Future Of the
Leading Features.
CHICAGO.
Especial Telegram to the Globe. I

lSpeclal Telegram 10 the GlOOe.
CHICAGO. Dec. 12.-To-day has been
big day for the bears, and the bulls to-
night are occupying a seat very much to
the rear. Corn led in general decline
that involved all grains and provisions.
The first inroad was made in this market.
When the bears saw the receipts were go
ing to be unusually heavy, and that
much larger proportion than heretofore
would grade up, they started big raid,
that in It's unsettled state demoralized the
corn market, and sent cash and year down
several notches at time. Wheat sympa-
thized to some extent, but didn't appear
to have life enough even to decline. The
bear side III the provision pit which
has been as active and determined
of late, thought the occasion opportune
for aAother effort, but the bulls, and there
are some big ones yet in the market, out
side the packing interest, were stubborn,
and prevented any serious break. Cash
oats were the only commodity possessing
strength enough to resist the downward
movement.
On the regular board wheat was quiet
and easier, month closing about 3sc less
than yesterday, January, 3sc lower, Febru-
ary sSc lower, and May 4c lower, but
there was a dull feeling, with very few
outside orders on the market, and the
first trading was at fraction
below the closing figures at o'clock yes
terday, eased off &c, became shade firmer
later, and closed quiet but steady. During
the afternoon prices did not further de-
cline. Winter is exceedingly dull and
weak. There is no special demand and
no competition for offerings. Spring is
in rather good request but at lower
prices.
Flour is holding up steady and firm for
all grades and with quite good demand
for the same, with the city trade taking a
fair quantity Of the better family and ba-
kers' brands, and shippers and exporters
have bought quite freely of shipping
stock and the lower grades, and
the market has been kept from
any accumulation all the season. Rye
flour is going slow at S3.75@3.9O for good
to choice, and buckwheat flour doing bet
ter at $3.50 per barrel for choice western
and S6.70@7.10 per barrel for choice
eastern. Bran and all millstufs in large
supply and selling at lower prices.
On the board to-day in the corn pit
weaker feeling was developed and trade
was little more active, due to wider fuc-
tuations in prices. Trading was chiefly
speculative, with a fair shipping demand
for the lower grades. The receipts we're
larger, and there was more pressure to
sell. The declining tendency in prices, it
is also said, had the effect of bringing out
good deal of long corn. Prices
declined 1s9155c below the lowest prices
reached yesterday, with cash and Dece m
Der and year future suffering the greatest
reduction. At the decline prices ruled
steadier, and the market finally closed
I$sc lower for December and year, and 5sc
lower for January, and 15c lower for May
than the closing figures on Change yester-
day. The break started when it became
known that of the $50 cars arriving to-day
33 per cent. graded No. or better. The
business transacted was chiefly Decdhber
and year, which delivery was excited and
active, and sold at 5335@34hc, closed at
531ac bid, opened unsettled and weak with
sales at 544c and 1880 and a
scattering sale or two at 541ac all at
about the same time in different
parts of the crowd, but little trading over
54l1c, then sold to 5411ac, rallied and ad-
vanced to 5435c, with a few trades at
-541sc, then sold to 534@541sc, off to
$500, with trade or two at 53I a. 5311ac,
fuctuated and closed as above mentioned.
On call there was a good demand, but
prices were further shaded a trifle.
Oats opened to-day firm and futures
generally ranged shade above the closing
price of yesterday. The postings of larger
receipts later and the weakness developed
in corn caused decided change. The ad-
vance was lost and the market subsequent
ly ruled quiet and steady. Cash No. 2
in only moderate supply and 1s@4c
better. Car lots sold at 374@39Hc. Re-
.jected nominal at 331a @34c. None Of
fered. Sample lots were not moving with
much readiness. There was but little ship
ping demand, and the supply was larger
Future deliveries were frmer early as
above stated. The market receded and
closed without material change except fol
February and May deliveries, which closed
4@5sc lower. These prices held steady
during the afternoon. Barley is dullel
than ever to-day. A few operators were
on the market The endeavors to trade
seemed centered on January No. 3
There were fair offerings, but buy
ers were scarce, bids were lower thar
heretofore and the general talk was dis
couraging.
Cash barley in store was entirely nomi
nal. No. 2 about SOC, and No. 3 quotabl!
about SOC. Sample lots were in bette
supply, for the receipts we're larger.
Rye finn and 10 better. A better spec
ulative demand for the deferred future
caused an improved market all round. Ca
lots of No. sold at &c. Rejected still
and about SIC. Sample lots find fai