Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-23
WEAK MARKETS.
W IAN III i "a
Rapid Fluctuations land Clover Prices
for Wheat.
CORN ALSO IN SLIGHT DEMANB.
Provisions Less Active than for Some
Time Past.
THE LIVE STOCK TRADING.
I'm ALSO in SLIGHT DEMANB.
THE LIVE STOCK TRADING.
Scarcely Anything Being on the Now
York Stock Exchange.
CHICAGO.
Especial Telegram to the Globe.

Especial Telegram to the Globe.
CHICAGO, Dec. 22.-There were few fea.
lures worthy of special mention on change
to-day. Country orders were light, With
average receipts. The ''boys" had good
deal of fun at the opening of the market,
and forced up prices for while. But few
sales were made, however, on orders. The
markets fell off little later in the morn
ing and reacted somewhat toward the
close when the shorts thought it about
time to cover what they had sold during
the past week or so. The weakness In
wheat is IN measure credited to the fact
that j. B. Hobbs, Schwartz & Dupee and
the Adamses still continued to unload that
cereal on the market, though not in great
quantities. Il. B. Kean, Nat Jones and
other notorious longs in wheat are
thought to be in a bad box, with
enormous loads to carry all along the
line. The longs, on the other hand, hold
that the exports in provisions have in
creased very materially over last year,
with only about two-thirds of the supply
to draw from, In wheat they contend that
the exports are increasing and the eastern
sea5oard is soon to make large demands
on the Chicago market for that cereal.
Moreover, New York capitalists who
usually invest their money
in stocks, are very extensively
interested in margins in this market.
These men are not mere ourbstons specu-
lators, it is held, but people Who bore with
large lugurs, the same who carry along
10000 shares of stock for six months at
time. The shorts say that they can't hold
out this time, nevertheless. The big fish
VINO are long hold their tongues, except to
encourage each other.
Most of the trading conferred
in the May futures. It opened
very inactive With miscellaneous
sales at s1.o6, $1.o5%@1.o61S, went down
to $1.05A. After one or two sales at this
figure the market rallied to $1.0c, went of
to 81. o55s, then down to $1.O51a, went up
to $1.061s and with few sales at $1O6
closed with that price bid. There was but
little attempt at trading after l o'clock,
and as the board adjourned until Wednes-
day morning at 9 o'clock, business really
stopped. There were some attempts made
to influence circular measures and houses
doing large outside business by Offering
wheat down to $1.055s, but I could not
learn of any transactions. Winter wheat
was very quiet, offerings higher and the
demand limited. No. 2 red was quotsbls
at 9Sc9 $1.02 according to location. No.
3 red was quotable at 90Gs3c according to
location. Rejected red nominal Spring
wheat was in light request and prices
lower. No. car lots sold at s71sQ975ao
and closed at about $3.50. No. very IT.
regular and the demand only limited.
Prices depended on location, rang
ing at 7s995c. Rejected nominal.
None of the "high sellers" interfered
with the mastery inactivity of the corn
pit. Outside orders were scarce. and the
pounding" Of the market was largely by
local scalpers who had nothing but wind"
to trade in. The feeling wan easier early,
Influenced by large receipts, but the mar
kes closed strong. Prices huctuated with
in the range of about % 9 lHo ana finally
closed about A@3so higher than closing
figarea on change yesterday. No. 2 and
high mixed met with only light demand,
and sold at sOT061Zo and closed at
611a961Zc. Rejected was rather quite
ana sold at 461a946Ac, depending some
on location. New mixed quiet at 51o.
Harly ssies of January wsre at s15so. The
market was off 10 busheI. It turned up
to S11ac and doomed to 6211c. At this
point it was 1Ic bushel higher than the
May option. January closed with 6211<c
bid, and May was the same. February
closed at 1910.
Oats were quiet, and the market did not
attract much attention at the opening,
prices were easier and 10 lower. This
was due to other markets being off. There
was moderate demand and light offer
ings, and the decline was subsequently
recovered. No. and No. 2 white cash
opened at 1890 and sold up to 34c. Sam
pie lots were in fair supply, and met with
good demand.
There was very little activity noticeable
in the market for hog products. and the
trading was about of the usual holiday
character. Local operators and
outside parties we're less anxiou5