Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-19
HEAYFALLs OFF AFULL POINT.
HOLIDAY IN PROVISIONS.
CaICAGO.
Especial Telegram ts the Globe I


of SI.10 for May wheat for to-day, was
found in the Ks of the sellers. and it
speedily bec2n noised around that some
of the New York were realizing. Inere
were some local longs who did the same,
and at this season of the year and the con-
tinuous uptnrn from $1.O:1a @1o81S, it is
no wonder that they decided to take their
profits in Christmas gifts and clear
their books for 1884. AS suggested
last night, the clearing weather
gaze the inspectors 2 chance to get around
and the results showed receipts of 348 car
loads of wheat, which was somewhat OF
surprise. The stock in Chicago was posted,
showing 1O,931, ,31O bushels against lo,2o7,-
S15 bushels q week ago. Theses additions
&c the visible supply weakened the market,
which had opened d 4c over the close at 1
D. m. on yesterday. and it soon declined
1c from the highest point. Early January
sold at 99% to 992c- 1t broke to 994,
rallied at times TO 9958c, went down to SO,
strengthened 4c, and fuctuated to
98%, where it closed weak.
May fuotuated in a similar manner be-
tween the range of 81 o63S@1.07A and
closed weak at the former quotation. The
buyers of yesterday we're the sellers to-
day, AMI chiefest among them in the or
der named we're John I. Lester & Co., w.
s. Baker, and Schwartz & Dupee. There
also appeared to be many stop orders at
97c for January.
On the call there was frmer feeling,
but the transactions only foo ed up about
half a million bushels. The majority
were taken by John Lester. The
feeling on the curb was unchanged. More
business was trans acted in winter wheat
and the market was steady with sales of
No. red in south side houses ct $1.02 and
in north side ut 99o. No. at 91@93e as
to location Rejected red at 67c. Sales
by sample: Free on board 78@85o for re-
jecte6 red, SOC for No. 3 white, $1@1.0315
for No. red. Spring wheat receipts
were large but the demand moderate. The
market was quiet and 70 lower at the
close. No. . spring sold at 98A@9S58c
and closed at 98 70; No. 2 hard Minnesota
at 9S58 a. 99c. Sales by sample: On
track, 77@ 79c for rejected; 8412 @ 99c for
NO. ). Free on Dc2cu: IO0 iAC ioE re-
jectea, and S5@9Oo for No. 3.
A vessel was chartered for Buffalo on
the opening of navigation at 51ac free of
storage.
The receipts of corn we're about the
same as yesterday, and the inspection
about 80 per cent contract corn. The
market opsned strong with heavy buying
of January, which was doubtless under
orders from the New York clique, who are
trying to dump their holdings. Hepburn
& Smith were heavy buyers, and
it Was generally supposed that
Schwartz e. Dupee were the sellers. Dur
ing the morning session over 100000
bushels of cash and December corn were
sold, which weakened the market more
than did the fine weather. The increase
of the stock in store from 1,496,828 bush
els week ago to 1871 972 bushels to-day,
and the reported weakening of the in
spectors, and tho reports that a large lot
of st. Louis corn would be shipped here
for delivery on January options if
there WAS any show for a
"squeeze." On the call all the
stronger and closed at Gle bid. Robert
Ljndhelm, who has been persistent bear
on corn, was the principal buyer, and he
took about half million and was shouting
Gle when The call closed. There was a
frmar feeling on the curb, but no advanc
was made.
A morning paper says: "The traveller
cent of the corn in Nebraska will inspect
No. 2, about 35 per cent. soft and
the remainder unsaleable" Another SAYS
that there is practically no corn outside of
Kansas, and 1t will grade No. fc- some
time yet, and that Kansas is supplying the
South at such 6 liberal rate that her corr
owners are holding back. Others say that
the state Is plentifully supplied with cars
AID the depots crowded With corn. A grea
deal is being dumped on the ground fol
lack of storage room, aud that it will come
here in great quantities If our inspection be
comes litSle more reasonable The iret
instalImeut of Nebraska corn (exoept ,
few struggling car loads) arrived here yes
teraay.
Christmas has commenced in the pro
vision market, and there was little doinl
except in green meats, notably hams, TO
which there vas q good shipping demand
The rest of the trading WAS small in vol
ume, light in risk and smaller in profits
The fluctuations were zoe in pork, whic
closed 215 $3.50 lower than on yesterday
Lard was unchanged and short rib side
did not vary. On the call the sales wer
only 5000 barrels of pork and 500 tierce
Of lard. and not a pound of short ribs.
quote: January wheat, SO 20 bid; May
SLOT bid; January, coru, $3.50; May, 61c
February, pork, S14.65; February, lard
$9.o5.