Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-20
ARGE RECEIPTS OF CATTLE.
CHICAGO.
[Snecial )" legram to the Globe. !


: CHICAGO, D.. 19.-On 'changs this
moraing tie irkets opened quiet.
Afterwards tney became stronger and
after numerous fluctuations between mar
rover ranges. closed higher and frmer
than Oh yesterday. Corn again TOOK !, tle
lead, BUTT was almost purely made mar
ket-that is, the bulls willed it up, while
wheat and provisions had really some
fayoring circumstances, which assisted in
the advance of prices.
Corn opened ct yesterdays closing
prices, but with larger attendance in the
corn pit, caused by rumors of the forma-
tion of another New York syndicate to buy
three millions of bushels of corn in
Chicago. When the receipts were posted,
showing only 226 cars, the manipulators
commenced their deal Dick Rathbone
had opened tbs session with Nay at 604c.
When the receipts were posted it almost
jumped TO G2c, under spirited bidding
from various parts of the room.
Among the buyers were
good many from the provision
side of the house. Brokers for CudaGy
~ CbOSlA0io HCIO very dOIifo' LhoIo WAS
great rush to cover shorts, and leading
this crowd was the man who said last Sat-
urday: ''The crowd will be breaking their
necks TO cover May corn at 55c before
next Tae sdaY." Schwartz & Dupre, Les
ter, W. S. Baker d Co. and president"
Hobbs were buying quite heavily. 1t was
said chat Jno. Dupre was personally
Ir,L 4to&
the firm was bullish, on New
York account. Be that as it nay, Dave
Powers and Kempton, brokers for
Schwartz & Dupee, held the January op-
tion lard against all attacks of the bears.
After Ney had sold az 6214c the crowd
stopped to take breath, aud the market
went off TO 6l55 5@6115c. 1t soon rallied
to 62o and closed at that price bid.
On the caIl there YVES a stronger feeling.
Schwa Z & Dupee, Comstock and Hobbs
took al the May corn which was offered,
paying 62lIc for most of it, and 628c for
100000 bushels. 1t was claimed that prices
were Influenced by the publication of the
Drop reports by the board of agriculture
of Illinois, and by the rumor that the in
spectors were becoming little more eau
tious OF their inspection under the popular
clemor which was being raised against
any reduction IN the Chicago standard.
It seemed to have been for
gotten that the cars which were
being detained by the cold and snow would
arrive in day or two. Some of the bulls
enlivened the pauses in speculation by
reading letters or telling stories about the
condition of the corn crop. Some of these
presented worse picture than had been
told before. Reports from Iowa were very
gloomy. "a man noted FIR his fine hogs
drove fifty five into Cfeston few days
ago" said one. "His attention was
called to the fact that they
were not up to his usual
standard, "He replied: there is all have
got to show for fifty acres of corn any
how" packer from Iowa said the bears
may gIorify over the present cold weather,
and It will save some corn and make some
grade No ,, which ought not to be so
graded, but just wait until there comes a
regular thaw aud breakup, and you will
hear bigger wall from the corn belt than
has reached the Chicago board of
trade. Two ears of soft corn
frozen and thawed will make spot in q
bushel, and We have such infected bushels
frequent il crib, and the result can be
imagined.
On the curb there seemed to be very
booming feeling, and February seemed to
be rising TO prominence with spectators.
No Que can predict the morrow, but it
would not bs strange if corn struck Csc
for May before the holidays set in. The
bears did their level best to hammer wheat
to-day, but all in vain. The bulls had
been reinforced by some whilom bears.
The wheat market opened very quiet
but became active upon the posting of re
ceipts showing only III cars today. The
scalpers were whip sawed from beginning
to end, and one of the most active declared
that the rage of speculation had gotten in
to the whole country, and no one could tel
where 1t would end, Opening about a
Yesterdays 1 o'clock close the bulls witt
the above faYoring circumstances abou
held their own, Then came dispatcl
announcing that the Millers' association o
MINNEAPOLIS had advanced the price o
wheat cents. This so affected the short
that they advanced the price 2lc by thei
anxiety Co o2ver. LI5sr came modlfes
tion of the dispatch, that the advance wa
only made at points where ther
was competition against Minneapoli
and the market weakened 1sc but close
firm. Kershaw and Irwin, Orr & Co, wer
the prominent buyers on the call, wher
May closed firm at SLOTS. bid. Your Col
respondents man who predicted $1.10 til
other day was buying to cover his shol
line, which he put out while talkiUg BULLS
to his neighbors. There has been a goo
deal of evening up of trades in wheat, b,
still there must be very lare
line Of shorts out, and
lot of 81 wheat is dow
to the account of New York parties.
A prominent commission house say