Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-27
Corn Bulled Some Three Cents 4
Bushel in q Few Hours.
LARGE TRANSACTIONS KECORDED
All Hthe Other Cereals Higher i'm Sym.
pathy With Corn.
PORK STRONG-RECEIPTs SMALL.
The Phenomenal Condition Of the New
York Steck Market.
CHICAGO.
Especial Telegram 10 the Globe. !

Especial Telegram - the Globe.
CHICAGO, Dec. 26.-Although the volume
of business transacted on 'change to-day
was not unusually large, being entirely of
speculative account, to-day has been
rather an exciting one, and at times the
trading done was rushing. The trouble as
usual started in the corn pit. Of course
the recent continued depression has made
a large line of shorts, the crowd all going
that way. Taking advantage of this a
clique of big operators, led by old Hutch,
went into the pit for fun and profit. Not
withstanding the unusually heavy arrivals,
1000 car loads, more than quarter of
which graded No. 2, they began by allow
ing prices to fall off IS below the opening
figure, 5024c, and then bought in big lots
until the shorts took alarm and a
panic once started easily, fed
itself, the active competition of the crowd
pushing December up to 5314c. ThenHthe
scalpers began unloading, but this in
duced break. In the afternoon the op-
Grafton was repeated, sales being made, it
is said, as high as 632sc, in which vicini-
ity Hutchinson and his party successfully
disposed of most of their long stuff, scor-
ing large profits. On call, when the market
was most excited, nearly 100000 bush.
els changed hands. When the pressure
was removed "a drop of 11Sc easued.
Wheat followed in the wake of corn, ad-
vancing 1Ac. Oats went in the same di-
rection, although acting independently.
the corner on this grain sus-
tanning prices through thick and thin.
December oats to-day added the usual i'm
provement, turning 4Oc and leaving it
some way behind. Provisions likewise we're
buoyant. -----,-. --.-------
In the wheat pit on the board there was
fair speculative business transacted, and
the feeling, although weaker early, was
generally quite strong during most of the
session. Prices were advanced 1k@1Mc
above outside figures, finally closing 13s@
11ac higher than Friday. The frmness
was attributed to fair demand and only
moderate offerings, and most materially in
sympathy with tie movement in corn. On
call the feeling was still firmer. Winter
is in moderate request and frmer for No.
., but weaker for lower grades. Spring is
in better demand on speculative account,
but in light request for shipping.
Flour to-day has ruled quiet, and little
disposition was shown to operate with
quite light call for any grade or quality,
and for shipping stock dull tone was no.
ticeable, Home buyers were hardly look
ing at samples, while shippers were having
light orders. Rye was quiet and slow.
Buckwheat was holding up we'll. Bran
and all millstuffs were going out fairly and
holding at firm prices.
Among the corn men on the board as
stated it has been an unsettled day. AT
the start the receipts being liberal and in,
spection into store comprising the arrivals
for ninety-six hours, the prospects of lib
eral offerings had tendency to weaken the
market and prices declined 3s@Ac for the
nearer futures, while May did not vary
particularly. Later, under the influence
already mentioned and only moderate
offerings, prices steadily improved, ad.
vancing &c for December, &c for January
and 1c for May, then fuctuated slightly
and finally closed &c higher for December
1Ic higher for January and 70 higher
for May than the closing figures on 'change
Friday. The lower grades were in fai,
shipping request and averaged lower. No
was irregular early, the market was dull
and sales made at 5O1sc, then steadily i'm
proved, advancing to oA@5O%c, ther
rather quickly to $3.50 for car lot.
and closed at $3.50. Round lot:
of 5000 bushels quotable the same
as December. High mixed about
the same as No. 2. New mixed
closed at 44c.; new high mixed sold Acc
December was in good demand and offer.
ings light with sales at 5o1s@534c and
closed at 53c bid; opened unsettled a,
50A to SIC and sale at 511Sc, became
weak and declined to 5O1ac, then gradually
rallied to Size, then rapidly to 531c,
fuctuated and closed as above mentioned
There was rumored sale at 800. On
call this market was greatly unsettled and
prices irregular, especially for Decembe,
delivery. Prices opened stronger ani
higher, but broke suddenly and declined
1@11zc; other deliveries H@4c lower.
Oats were active and stronger for casl
and this years delivery to easier earl,
and recovering later for the
longer futures. The heavy shortage
out for this month and the strong desire ts
settle was holding prices strong, and thi.
had some influence on the larger deals
No. 2 cash sold at $3.50 4Oc. and No. :
white was selling the same. Samples wer,
plenty, with about all the No. 2 and No.
white going in store to obtain the higl
price noted, while rejected was selling o,
track and rather slow, with the heavy buy
ers holding off for lower rate next week
December ranged from 391S to 4O16c
closing at the outside figure. In the after
noon December was in active request ant
sold up &c further and January so bet
ter, the other futures also improving.
Rye was quiet and neglected and YER,
little doing. In the morning price
in the near deliveries were 1Sc easier, bu
in the afternoon the feeling was frmer