Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-12
THE TRACK OF TRADE.
1t Was not Bed of Roses for Specu.
latOrs Yesterday.
PRICES VERY VARIABLE ALL DAY.
Wheat and Germ Beth Weaker than on
Monday.
CHICAGO.
[spacial Telegram to the Globe. I

nous boom in the speculative list. Every
thing was lower than the prices establish
ed on call, but with the possible exception
of provisions were fairly steady. Specu-
lation did not start out very active. The
country is either staying out of the market
or is coming in with timid orders to sell.
The bulls are still confident that every
thing points their way. 'sNow for in
stance" said one this noon, a great many
people expected break to-day. They
said, son, there is always g. break
after BOOM but it did not come. Things
simply took rest, but everything evened
up without the expected reaction and you
will see it go little higher next time.
In the market for wheat there was a fair
degree of activity to-day, and while prices
were somewhat unsettled the general tone
was weak, and at the close December was
about lie lower than at O'Clock yesterday.
January 1c lower, February 1 &c lower and
May 115c lower. There was some irregu-
iarity in the fluctuations of the session
covering range of about Ic. The open
ing was about go below yesterdays
closing at 1 o'clock, sold irregularly up
&c to &c, but finally became very heavy,
chiefly in consequence of the break in
corn, and fell 1lc from the highest point,
changed some and closed easy. The re-
ceipts were smaller yet. On the call the
market was only moderately active and
offerings fair. Prices ruled shade lower
and trading was principally in May.
In the market for corn large business
was transacted, but aggregate trad
ing not SO large as yesterday.
Fluctuations were very frequent
but withal there was less excitement than
yesterday. Yesterday afternoon Influenced
by full deliveries of corn on December
contracts, the market broke off fully 1c en-
the afternoon call. This morning it open
atoms prices advanced about 20. Later
under free offerings the market declined
1@135c for the various deliveries and
finally closed about Il lc lower for Deem
Der, llo lower for January and lie lower
for May than the closing at about o'clock
yesterday. There was more disposition to
realize, and on each bulge the offerings to
sell were very large. Receipts were small.
On cell there was fair demand and offer
inas liberal. Prices we're frmer and 16@
| 38c higher. Trading was principally in
! May.
Oats were very unsettled OWING to light
receipts. Cash and near futures were in
good demand early and sold higher, but
| tbs demand subsidized, and other markets
being easier tho market became depressed
declined and closed lower. May did not
show much strength. The sample trade
was light. Buyers have held off since the
late advance, and receivers find it expedi-
| grades 60 to store, On call the demand
was moderate and prices easier. Trading
was in Nay.
Cash rye was unchanged in prices. Flu,
tures were fairly active. The market
opened with fair buying orders, and there
was 4@15c advance. Longs, il
was said, sold quite freely. Sample lotf
we're quiet. On call the demand was
moderate and prices steady with sales il
January.
Barley was hardly as firm on holding uE
to the prices established yesterday, witt
nearly dead market for samples and
only the lowest prices could tempt buye,
to purchase, and this was having its infu
ence or nos in bringing about depressed
tone. No. 2 cash sold slow. Samples were
more than usually dull and many cars are
being placed in store as unstable on track
with home buyers suffered. On call it was
rather quiet aud prices steady. Trading
was about divided between January and
February.
In -four quiet market was noticeable
and sales were light with home buyers not
bidding for any quantity and shipper.
and exporters were out of the trade, and
taking little beyond low to fair grades
which can be had at reduced prices and Oh
forced selling. Rye -four slow. Buck
wheat flour and all millstuffs doing well
In provisions quite an active bust
ness v6s done, but on unsettled
feeling prevailed during the greater por-
ton of the session On Change and prices
ruled with marked irregularity. Specu
lators Il AIDED with considerable freedom
Shippers were inclined to do only a mod
crate business, as outside parties are SLOW
to pay current prices. Foreign ad7icei
were decidedly more favorable to holders
and Liverpool quotations were advanced
Is Cd on lard and Ia 6d@2s on bacon
while pork was unchanged. Eas.
ern markets were without materi
al change. The receipts O.
product were moderately large and the re
ceipts unusually heavy, particularly O.
meats. Daring the early part Of the day
an easy feeling prevailed and lower prices
we're accepted, but during the middle O
the session = steadier market was exhibited
and a portion OF the decline was recovered
Toward the close the feeling was easie
and closed tame. Considerable interes
was manifested in the market 70
ntss pork, and trading was quite active
An unsettled feeling prevailed, however
and prices auctuatei considerably. Tn
market opened rather weak at log zoe de
cline, and a further reduction of 1O@1215
was submitted to. Later the market wa
stronger and prices rallied LOG zoe, bu
settled back again 30@35c and close
steady. The shipping demand was light
On call the demand was rather light, bu