Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-23
WOEFULLY WEAK.
A Panic of Inertia Come Over the Chica-
4 go Markets.
A BIG DROP IN CORN AND WHEAT.
Trade Very Sluggish and Traders in a
Retiring Mood.
OATS ONLY REMAIN STRONG.
Provisions in Fair Demand and Prices
Reasonably Well Maintained.
NEW YORK MARKETS DULL.
Lower Prices for New York Central
and LackaWannS.
Provisions in Fair Demand and Prices
Reasonably Well Maintained.
NEW YORK MARKETS DULL.
Lower Prices for New York Central
and LackaWannS.
CHICAGO.
lSnec;al TELEGRAM to the Globe. 7


CHICAGO, Dec 22.-Cash oats are the
only really strong market tonight, every
thing else is off again. Corn took big
tumble to-day. The strength exhibited in
this grain Wednesday entirely disappeared.
It was very much easier to buy at ones
figures than it was to sell. Wheat weak
ened materially, and provisions not so
considerably, but oats for delivery this
month are worth 40c. The recent shorts
in the corn market have now about all pro-
tected their deals, and there is hardly any
thing doing. 1t has been a dull day all
along the line. The grading of 146 cars
of corn out of the 434 cars which were re-
received, started the tongues of all the
prophets about the alley to wagging. The
inspectors report showed that eighty of
the 146 cars of No. corn arrived via the
Wabash route, and it was Immediately set
down that somebody had been down to st.
Louis and bought No. corn and shipped
it NJ hoe Tie corn s-;acnt'- did rot
come from Kansas City, for the Chicago,
Burlington & Quincy railroad which, as
we'll as the Wabash, carries Kansas City
grain, showed up very poorly in the in
spection. The Chicago, Burlington & Quin-
cy road brought in six times as much corn
as the Wabash road, yet while the latter
road brought eighty cars of No. 2 the for
mer brought only four cars.
It was remarked that B. P. Hutchinson,
who was the largest buyer on Wednes
day night, was prominent seller
to-day. cold Hutch" said a broker
who is very active on the present corn
speculation, twas up to Wednesday heavily
short of corn for all the options. Wednes-
day he received information, it is said,
which inclined him to 60 ashore, and on
the call that day he boughts over 100000
bushels. He got more than he wanted some
100000 bushels. This he sold to-day, even
ing up his books. That's all there is to
the rumored big sales of corn by Hutchin-
SON."
On the board wheat was quiet and de-
cidedly weaker, month closing about Mc
lower than at l o'clock yesterday, January
40 lower, February 20 lower. Early sales
were 5s@Ac under the closing figures at
I o'clock yesterday, improved ia
ssc then became weak in sympathy with
the heavy break in corn, fell off &c, after
wards changed slightly and closed quiet.
On the call board there was somewhat
better demand, induced largely by a
further weakening in prices. Winter to-
day has been in little request and 1S@1c
lower. Spring was also dull and lower.
There was also absolutely nothing doing
in -four.
In the corn pit only fair speculative
business was transacted, with moderate
inquiry for the lower grades on shipping
account. The feeling was weaker and
prices lower. The speculative offerings were
larger, while the inquiry was more limited
and chiefly from the few remaining shorts.
The receipts continued quite free, and
shipments moderate. The market opened
very weak and from 10 to 1c lower than
closing figures on the call yesterday, ruled
easy during the session, and finally closed
about 21sc lower for December, 1sc lower
for January, and 70 lower for May than
closing figures on Change yesterday, No.
2 in moderate request and sold at 51@52c
and closed about Sic. High mixed quota
bly, about the same as No. 2. New mixed
in good request. Year was more quiet.
and the feeling decidedly weak early in the
day. At the opening there
were free offerings to sell, but
there was scarcely any demand, and
while there was one trade made at $3.50,
and few scattering trades at 5211ac, $3.50
and 524c, it was found really difficult to
trade at over SIC, the inquiry being so very
limited. At even this price, SIC, the mar
ket suddenly declined, with scarcely any
trading, until prices reached Sic, the en-
tire decline occurring few minutes after
the opening, then rallied to SIC, sold to
sligo, to 5155sc, fuctuated and sold to Sic
bid. On call a little demand sprang up.
and prices were steady i'll all futures save
this years, which touched 5O%c and closed
at 5O2s@51c.
Oats to-day were holding up
strong for cash and this months de-
livery, to ruling slow and slightly lower
for the longer futures. The shortage for
this month or for the year option is still
heavy and this was keeping prices up well,
but otherwise there was little doing. No.
2 cash sold quite readily at 391s@39 &c.
and No. 2 white would not bring any more,