Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-23
HEAT AND RYE STILL FIRM.
.EyIEW OF THE PAST WEEK.
The New York Stock Market Feeling
ffecthe Els OF the Blockade.
CHICAGO.
Especial Telegram to the Globe. I

CHICAGO, Jan. 22.-All the markets to-
day opened active and higher with an up
ward tendency, but later in the day de-
cided revulsion occurred and the closing
quotations were in nearly all cases under
those of Saturday. This feeling included
both grains and provisions.
The extreme cold weather, the thermom
eter ranging from to 20 degrees below
zero, interferes greatly with all branches
OF trade. Receivers and shippers of all
kinds of produce are hindered alike, and
unable to transact business SAL
isfactorily owing to delays. On
the board there was a
good deal of activity in the wheat market
and prices ruled.higher most of the session.
and before the adjournment there was a
sharp reaction, but at the cIese January
was 58c higher than it closed Saturday.
February 1c higher; March &c; and
May nearly unchanged. Early sales were
at about &c advance over the closing
figures of Saturday, ruled firm and sold
up about 1c on February and March. and
re, on May, then eased off &c on the
near options, fuctuated some and closed
as above noted. January was
quiet and about 35c and 1Sc
under February, the nominal range being
1.O24@1.034. During the afternoon the
reaction was more noticeable. and under
very considerable offerings prices dropped
1G1Hc closing ak.January sold down to
1.O1ss@ 1.O17sand May 1.OS15 "a 1.OS8c.Low
prices induced heavy buying from shorts
| and spectators, over million bushels be-
ing taken on call alone Winter and
spring were firm and higher early, but
symparhized, although to but moderate
extent, with regular wheat.
| Flour held firm. The market was strong
but quiet, the prices asked interfering
| with trading to great extent. The low
freight for the West during last fall was
the direct means of the overstocking of
many of the European markets, and until
| quite recently it has been difficult to bring
out any orders other than asking for COM
mission goods, but now that the stocks are
| reduced and Scotland making better bids.
quite lively trading is looked for, and
particularly when it is thought there will
be qulta an incentiYe to stock up heavily
throughout all Europe to supply govern
ment depots, and with the impression
general that higher prices are to rule for
the rest of the season. The home trade
have little in stock. and are buying more
freely of the better family and bakers
brands. 1t is said that the bulk of the
milling wheat is now in throughout the
Northwest and millers and jobbers are ex-
pectlng higher price Tor the near future,
ana are Indifferent as TO selling. A lighter
grinding is predicted while the wintery
and freezing weather continues. There
have been received here the past week
97,929 barrels of flour and 100,S73 barrels
have been shipped out
During the morning trading in the
corn pit was active, particularly on specu-
| lative account, and the feeling developed
was considerably unsettled. Prices fuctu-
ated rather wildly and irregularly and a
higher range was established all round.
The receipts were small and the market
advices from other points favorable, but
the market was governed mainly by local
speculative influences. Shorts were any
lous to cover their outstanding contracts.
and with an active demand and a buIlish
feeling, prices were advanced 11Ic for
January; 23sc for February; and nc for
May above the closing figures
on change Saturday; then
eased off somewhat, then ruled weak, and.
under large speculative offerings, declined
&c for January, 236c for February and l lie
for May below the outside prices reached.
and closed 4@Ac lower for January, nc
higher for February, and &c lower for
May than on Saturday. No and high
mixed were in fair demand, and car lots
sold at 691a zoe and closed at 696691dc..
Low grades quiet owing to small offerings.
January ruled firm, with sales at 69@71c
and closed at 6966915, opened at zoe,
selling quickly to Tic, but only a few
trades at that; off then to 69Ac, sold at
7Oc to 69@6915c, and closed as above
mentioned. Numerous settlements were
made at 7)c, operators having long mani
rested Willingness to settle at that figure.
On the call board prices ruled very irregu-
lar, January finally ending the day at 68&
g69 and May at 575s@57Ac. A million
and a quarter bushels were sold on call.
nearly half being for delivery in May.
The break was reduced by stories, SEEM
ingly with some foundation, that the
clique was unloading, and this
affected the whole -aARe,
Of markets.
There were very light receipts of oats
Today, only twelve cars being inspected in
during the past forty EIGHT hours. Prices
ranged a shade higher all round, but the
excitement in corn rather attracted atten-
ion from the oat market, and while there
vas fair speculative trade little else was
lone. The scarcity of oats and the high
prices interfered with the shipping bust
less. While the offerings were light, the
mand, was only moderate, and there was
severe break in prices during The latter
art of the session. Car lots of No. 2 sold
t 3S12 @387sc and closed at 3S1Is Re-
ected nominal. Sample lots quiet and
rm. Futures opened firm, and there was
! @1c advance. The demand, however
as light. a break in corn exerted weak