Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-08
BgARCiRNIYAL WALL STREET.
CHICAGO.
[spaeial TELEGRAM to the Globe ]


tremely g. as compared With the earlier
part OF the seek, and the volume of trad
ing was very much smaller. Deals were
mostly on local account, The country send
ing in very few orders.
Wheat wes quiet, ard though changing
frequently ths factuasious were within a
narrow range, AID at the Gloss December
was about Is higher then yesterday, Janu-
ary about 25e better, and Msy 3se higher.
At the opening the feeling was
rather frm. largely in gym
pathy iwth the strength shown in
corn, bat finally fell of. then
up again on the reported decline in French
securities, which was thought to mean in
creased probability of war, but later there
was quite break, French sscuri ties being
higher and corn decidedly lover, and Jan
uary wheat fell eff 58c from the highest
point, changed some AID closed steady.
All receivers except one prominent one
say that receipts ara dIopping off, and it
looks reasonable that they should do 30.
In itself it matters httls, bat speculation
on the board IS buIIjsh and needs but little
encouragement to do in wheat what has
been done in pork ard corn. There
are 100000 bushels too much wheat
in Chicago, and this controls the speculg-
tive prices throughout the world almost.
Remove thai apJ prices would be 10c
higher today. Oa cal wheat was in fair
demand and prices Z. shade higher. Trad
ing in May.
In the market Tor corn trading was less
active and the market less excited, still q
large speculative business was transacted
at Irregular and ohsngeable prices. The
feeling was weaker, ilhuenced by clearing
weather and Indications that it would be
colder. Besides, considerable corn for May
delivery was offered on the market
supposed to come from longs who were
more disposed to reaIize. The receipts
were smaller and shipments Light. The
market opened unsettled and declined
trife, fuctusted some ard finally rallied
about 1a@%c, bat about noon became
weak under liberal Off rugs and declined
I@1c and closed about 1S5c lower for May
than the closing figures on Change yestsr-
day, and sc lower than the closing figures
on the call yesterday afternoon, while the
later deliveries closed about 1sc lower
than the closing figures on
Change yesterday. On call cora was Of
fered rather freely; and prices ruled weak
and 1s@ &c lower. Trading was prinei-
paly in May.
In oats speculative trading was quite
active. The course of the other markets
was not such SIS to have yery much effect;
at the same time there wss noticsd desire
on the part of shorts to cover, and under
good demand pricss advanced TO 1s@4c
over the extreme aud about 5000 ever
the closing quotations of yesterday, and
the market seemed more Independent of
outside infaeuce 'han for some
time past. R-i-cled was very dull except
for few consi5nments Of the best white
oats. On call the oemaad was fairly &C.
tive and prices ftmsr and 118c higher
Sales were priaci pally. for May delivery.
kye ruled in fact rather dull. Cash of
erings were rather light, the reeeipts,
evidently being held against fuiure sales.
The demand was also meagre. The specu-
lative market was Gnu. The longs showed
to desire to sell particularly, and there were
also few buyers. P,ices we're a trife
weaker. Samples rathsr slow. On call
rye was in moderate request and prices a
shade higher. Trading light.
In barley as a general market
the most abjeet dullness prevailed. Sam
pies upon samples, representing consign-
- IS So
the tables of receivers, and some of these
lots have been on the market for number
of days. What little life there was in the
market was centered in No. 2 Car lots
of this grade were sslsble because there
were few orders for January on the mar
ket, and parties taking the cash could
make carrying charges by holding against
January sales. Receivers were
glad to let their oonsignments
go to store as there we're no means of sell
ing them. Nos. and 4 could also be
sold in store, but were not wanted by
sample. Brewers and maltsters are not IN
need of barley and large quantities of
malt They seem to be no longer dis
posed 10 take barley at even sore prices,
and taking buyers our It leaves the market
bare of compett tion and The merits of the
grain was not taken into consideration.
Flour was more than usually slow and
the feeling one of particular depression,
with the better family and bakers
brands holding steady, but shippers and
exporters were out OF the trade almost en-
tirely, and it was impossible to sell without
allowing a lower rate, and the low to only
fair grades sod nore freely than the good
bakers brands. Rye -four slow. Buckwheat
-four was quite dull. Bran and all mill
stutfs firm.
In provisions considerable life was man
ifested, yet the volume of business trans
acted was not as large as during the previ-
GUS two or three days. The offerings were
more free for future delivery. while the
demand on speculative account was not so
urgent. In general way the market wa.
somewhat unsettled, and prices fuctuated
considerably within a moderate range and
averaged lower on the principal descrip-
ions. Foreign sdviees showed stronger