Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-10
yORN GETS A SLIGHT BACKSET.
Other Grains and Provisions Firm and
Reasonably Active.
THE STOCK MARKET APATHETIC.
The Bulls and Bears FOrecasting Flu
ture Values-Little Doing.
CHICAGO.
Especial Telegram to the Globe.l

had their own way without OppCSlIlOn TO-
day. The markets have been very irregu-
lar and there have been periods of weak
ness, when it looked as if the bears were
going to score a point. However, at the
close, wheat had made good advance and
the other markets we're quoted fraction
| higher except January corn, which after
various fluctuations ended the day PC
lower than its last quotation on call yes
terday afternoon. Everything opened
weak this morning.
The first sale of wheat was Ac lower
than yesterdays final figures, but this
cereal soon became active and a decidedly
stronger feeling was developed. Numerous
outside buying orders were re-
ceived, and shorts bought freely.
Prices advanced 15s@2c per bushel
above outside figures, with seller May adj
vancing more thar the other futures; and
the market finally closed 1@1118c higher
for January and February and 112c higher
for May than the closing figures on change
yesterday. Outside figures were not quite
so sustained through the afternoon, the fu-
lures except January being shaded trife.
January ended the day at 97B@98c.
Spring was active and firm and winter
quiet, but firm at 99c for No. 2 red.
Flour held quiet and trading was light,
| with a firm tone noticeable, and the low
rates were readily obtainable. The home
trade were buying to light quantity, and
| only for immediate wants, while shippers
have about cleared the market of desirable
shipping grades, but were offered quite
quantity to arrive. Rye -four neglected
and dull. Bran and all millstuffs were in
light supply, and going off rapidly and at
firm prices.
| Corn was again active and the feeling
unsettled, with prices more irregular than
yesterday. The shorts again bought freely
and the speculative trading was active,
with very fair shipping demand for the
lower grades. The receipts continue quite
free, but only small amount of the arriv-
els grading as No. 2. The market opened
weaker, and 5000 lower, ruled easy, and
declined an additional 1a@Ac, then raj
lied under sharp demand,
selling up 1870 for January,
115c for February, and lie for May, above
inside prices, fiuctuated and closed about
Ic lower for January, 10 higher for Feb
ruary and 11lc higher for May than the
closing figures on Change yesterday. No.
| was in fair request, and closed at about
$3.50. High mixed about the same as No.
rejected; sold moderately and ranged at
4215@442c. New mixed in good demand
and sold at 46@47c, not outside for special
location. January trading was quite &C
tive, and sales ranged at 551ag56Bc, and
closed at $500 bid; opened unsettled, with
sales at $500, and $500 off to 557sc, and
some trades at 5511ac, rallied to 5511sc sold
to 5524c, then up to 56Bc, to $500, fuc-
tuated and closed as above mentioned. On
call there was another downward turn, and
prices eased off 4@3sc from the closing
prices of the board, January ending the
day at 5614@563sc.
On the board oats averaged little low
er and followed closely after the course of
the corn market, being I@15c lower early
and finally reacted. The futures generally
reacted to about yesterdays closing prices
but cash did not recover. There being only
limited demand, car lots of No. sold at
| Ic decline. Rejected quoted at 32@33c.
Most of the rejected were sold by sample,
and in this way ruled steady, and No.
white by sample also sold well and ruled
steady, but No. 2 were rather slow on the
sample market and were mostly ordered
in store. Future deliveries
opened easy and declined M@@c,
but afterwards ruled stronger and
reacted. A fair volume of business was
done in a speculative way, with trading
well divided between seller January, seller
February and seller May.
In the afternoon frmer feeling pre-
vailed, and prices were advanced from
those of the morning, January fully recov-
ering and closing at $3.50.
Rye was firm again and shade better,
there being 1a@Mc advance. The offer
ings all around were very light. No. 2
cash sold at $500. Rejected salable at
about SIC. Sample lots quiet and steady.
Future deliveries were salable at a@1c
advance, but few sellers.
Barley was without essential change,
the instore market being entire
ly neglected, and the sample
trade was light. No. cash remains nom
inal at about SOC, and No. about SOC,
while sample lots ranged at SEC for screen
ings to zoe for very choice No. 8.
The demand for hog products was rather
light early in the day, while the offerings
were fair, and slightly reduced prices were
accepted. Toward the middle of the ses-
sion, decidedly stronger feeling was
developed, and q material advance in
prices gained on sll the leading articles
and well maintained to the close. Ship
ping demand moderately active, but the
extreme views of sellers tended to restrict
transactions. Foreign advices were
moro favorable to holders
and prices were advanced
Is on bacon. Eastern market q little