Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-03
no decision of the committees appointed

satisfying all parties.
Dir. Bell, of Randall & Bell, thought the
abrogation of the rule bad move. ''It's
very pretty for MIR. Armour and
other millionaires to step in and control
the MARKET" he added. "But the result of
| these frequent corners is to create distrust
among traders. In my judgment there
isn't 10 per cent. of the business done in
wheat that thsre formerly was. The ma
iority of our customers deal on small mar
gins, and the result Of & corner is generally
TO freeze them out"
| VIM. L. Hancock: sThis action will put
stop to the practices which have brought
the board into disrepute in some quarters.
There will be no less trading than before
and operators will soon be less timid than
| they have been heretofore"
On change to-day corn was active but
lower for cash and seller the year, although
frmer and &c higher for January and
May. Cash lots 3ss4c lower, and year 256c
lower. January closed at $3.50, and May
at 5411ac. No. 3 For regular wheat was
quiet but firmer at 1sc@4c higher. Oats
5000 lower. Provisions were moder-
ately active, but closed shade lower than
on yesterday.
Flour was dull. The recent advance in
freights and the unfavorable tone of the
-four market abroad has tchecked export
operations somewhat, and trade was slow.
Stocks are only fair. Holders asked
former figures, but buyers asked for con-
Nh n, oil
Local jobbers bought sparingly.
Winter wheat ruled quiet again to-day,
ana prices show further decline of about
10. No. red sold at 94c and special To-
cations at 941sc, closed at 94c. No. 3
winter sold at 90c, and rejected at SIC.
December nominally about the same as
cash. Seller January quiet, sold at 95c.
Spring wheat was quiet and shade lower,
No. sold at 9aa4 @94c for car lots, and
round lots quotably the same as December,
closed at about 94c. No. 3 sold at roc, re-
jected nominal. Regular No. 2 wheat was
again quiet and tolerably steady, fuctua-
tions being confined within
small range. Not many outside orders
were received, and trade again
mainly of local character. Receipts
small, and there was no special desire to
sell. The market closed about &c higher
than the closing figures on Change yester-
day. December and year quiet, and ranged
at 937s@943sc and closed at about 941sc.
February quiet and quotably about 1c over
January, ranging at 955s@964c, aud
closed at about 96c. May trading light
and sales ranged at $1.OI@1 .o13s and
closed at $1.Ol4 bid.
Corn was considerably unsettled, aud the
feeling again decidedly weak, with
prices ruling mat erial]y lower
all around. The speculative
offerings were liberal, Influenced by colder
weather, which was favorable for the grad
ing of corn, and also due to liberal re-
ceipts. A good deal Of future corn which
had been bought at higher prices, and on
which margins became exhausted, had to
be closed out, thus increasing the offerings,
and very weak feeling was developed
under the pressure to sell. Prices declined
fully 3Ac per bushel for cash and g. c for
year and December, while January and
May declined but trife below yesterdays
closing figures, and at one time sold
higher. The market toward the close
ruled a trife steadier, and finally closed
2Mc lower for December and year, than
the closing figures on Change yesterday,
while January and May closed about the
same to shade better than yesterday.
The failure of firm supposed to be largely
long of year corn, compelled the selling of
great deal for that delivery, and aided in
depressing values. It was whispered around
that good many cars were standing on
the track which had not been reached by
the inspectors, and there was a plentiful
lack of shipping demand. Corn weakened
| rapidly, as it was offered in rather large
quantities, with buyers holding off to see
where it would go to, and some of them
having the hardihood to prophecy
that corn would be delivered
on year contracts before the day was over,
It was remarked that corn was kept up till
the 25th of last month by the New York
demand. then to the 29th by the belief in a
corner here. This sustained the year, as
it was thought the prospect was good for
that coming up to spot.
No. 2 and high mixed sold at 55L@
56Ac, with few cars, special location, at
SIC, and closed at 5511c. Rejected sold at
46@46Hc, and closed at Acc. New mixed
sold at 47@47111c, and few cars sold early
at 47M@48c, closing at 47c. Sample corn
sold quite freely on shipping account at
materially lower prices; offerings liberal
and exceeded the demand. December and
year ruled active, and sold at 54A@57Mc.
and closed at 554c. January fairly
active and sold at 52@53c and closed at
52Bc. February rather quiet, quotably
H@Ac under January; sales reported at
51A@52@c, possibly trading at other
prices. May, moderate trading, with sales
at SIG 54Ac. and closed at 5411c.
Oats-Operators in light attendance and
| little disposition was shown to trade.
Market very quiet. The feeling was easy.
Futures ranged a shade under the inside
or clearing prices of yesterday. Cash No.
2 sold 1H@1Ac below yesterdays early
sales; Car lots of No. sold at 34A a. 35c.
Demand very light. Rejected nominal at
about 30@31. Sample lots more freely
offered, owing to liberal recei PTS