Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-30
YESTERDAYS MARKETS.
CHICAGO.
Especial Telegram to the Globe. !

Especial Telegram TO the Globe
CHICAGO, Dec. 29-The feature of tn
markets on Change to-day was the biz
jump In oats and the strength manifested
by wheat. The recent weakness and con
tlnued decline in this last cereal caused ;
great many operators to sell; hence ther,
are goodly number of shorts. Those
thus situated have shown no alacrity about
covering, having confidence in the inabili-
ty OF wheat to rally. However, tomorrow
ends the month, and these persons of ne
cesslty become buyers. Those holding the
cash grain evidently believed cheap enough
to carry for they show little disposition to
sell. This demand and the small offerings
| induced quite an advance to-day. Corn
also looked up somewhat, more especially
Tor the longer failures. Provisions tried
hard to make up fo- yesterdays decline
and oats were 6rn enough to
again scare the remaining shorts at to.
morrow's possibilities. The clique that is
manipulating this last named market went
into the oat pit to-day with their coats off,
and effectually checked any tendency to-
ward weakness. Cash oats were all dis
posed of before prices were fairly changed
but the crowd worked away on December
until they had it up to 43c, a clear rise of
sc, and only a cent under where oats sold
at the close of last year. Tomorrow will
see further advance, and some pretty
badly squeezed shorts. The oats corner is
an undoubted success.
On the board wheat was fairly active and
iirmer. opening at abept the closing fig
ures at o'clock yesterday, rxled firm and
sold up steadily l}sc from the lowest point
on January and February, and 1880 on
May, ruled steady at the advance, and at
the close month was l11sc higher than yes
terday. January 1$Sc higher. February 111sc
higher, and May 11sc higher. The New
York market was unusually strong, and
there were good many eastern orders
here, and there was a general feeling of
confidence, which gave the market its first
upward turn. after which the shorts began
to cover quite lively, their competition ad-
ding to the frmness. Prices were a trihe
easier in the afternoon. Both winter and
spring were in better request and frmer,
winter selling cent higher.
Flour is weak and unchaged.
Corn was fairly active and changed fire.
quently, but the fluctuations were not
wide, year changing only &c, January
11sc, February 1c. and May sc, but at the
close year was Il higher than it closed at
O'Clock yesterday, January 1c higher,
February 11sc higher and May &c higher.
There was very little doing in year, which
ruled weak at the opening. It was nearly
&c over January, but finally fell to the
same price, but afterwards again sold a
tride over. There was an increased de-
mand for the forward options. more
especially for January and February,
which, it will be observed. ao,d up fully
l14c from Yesterdays closing.
At the close the feeling was
strong On cash or futures. But in
the afternoon the feeling was hardly so
strong and Outside prices of the morning
were shaded.
In the morning IN TIE. oat pit there,was
a good demand for ear lots of No 2, and
white, they being wanted to make up |
round lots for delivery on year contracts. |
The arrivals were increased considerably, /!
and with good supply liberal sales we're
made. firm feeinig prevailed and there |
vas 4@Hc improvement. Sales were
made at 394 4oc. All car lot offerings
we're sold within this range, though later
wing to liberal advance occurring for
he |
'ats had all been sold. Futures were quiet
II around. Rejected oats in store nomi-
al at 1892.
On the sample market there were large
Gerings Of rejecteti-more offered, in
act, than wanted-and sales very slow,
nth prices weak. Sample lots of the bet
er grads scarce, consignments of these
eing about all in store. Future deliver
IS were firm, and liberal advance IN
rices was gained. Al active demand
rom shorts existed for year, and there was
lso apparent an inclination on the part
f some operators TO enhance values. The
arger deliveries sympathized with this
Movement, and were all better. In the
fternoOn the futures were weaker, the at
sntion of the bulls being confined to the
ornered deliveries, which was forced
p to 43c, creating CONSERVATION among
ne remaing bears who nervously await an
ther raid tomorrow. 1t is confidently
redicted that the year will close at 45c or
lose to SOC if the clique so wish it, and
} be the occasion of last arbitration | !
ommittee, but compromise is probable.
ash oats have been indus.riously diverted
rom Chicago, lately, that from the west
eng intercepted at st. Louis OF Kansas
ity, and shipped south. Meanwhile oat- {
ZEAL mills through Illinois and Iowa are 9
,utting down because of the high prices, :
I. WALTER.