Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-27
CHICAGO.
Special Telegram to the Globe. |


are very uncertain quantities. Yesterday
the tendency of prices was upward to the
close; to-day the reverse has been true.
The principal cereals have not exhibited
nearly so much strength. Corn has been
very unsettled, and Notwithstanding its
generous support has shown decided in
clination to seek its true value. The de-
cline was gradual but steady, and at the
close of the afternoon the months delivery
was sold at &c under the outside price
asked at the close of the call yesterday.
The longer futures did not' suffer so
severely. Wheat likewise was easier while
oats and rye we're bringing better
pric es. Provisions also held up well.
Trading was light except in the corn pit,
where the frequent fluctuations brought
out both buyers and sellers. During the
hour and half devoted to the call in the
afternoon alone, 100000 bushels for deliv-
cry for one month, May, changed hands,
and over half that amount of business
was transacted in February and March de-
liv cries.
On the regular board, wheat was fairly
active and rather firm in the early part
of the session, but weakened off some later
in the day, and fell 115c from the higher
point, then changed slightly, and at the
close all the futures were about d C lower
than at l o'clock yesterday. The early
sales were at abkut yesterdays closing
figures, weakened some, but sold up con-
siderably later, as there were a good many
L. l. Io I,,Ge
again when these were disposed of and
closed easy. On call, under a somewhat
better inquiry, prices frmed up tri1e for
the more deferred futures, May being held
$108I @1OS38. Winter and spring held
quiet and firm under meagre offerings.
Very little is doing in -four on account
of divergence in the ideas of buyers and
sellers. The latter yet hold their stocks
firm at the recent small advance, which
both shippers and home buyers are 10th to
meet.
Among the corn spectators business
was again fairly active, and
chiefly on speculative account,
subject to numerous fluctuations within
smaller range than yesterday. The re-
ceipts were larger and the shipments light.
The market opened shade lower, and un-
der pretty free speculative offerings, prices
ruled weak and declined to point &c
lower for January, and &c lower for Feb
ruary, but March and May ruled compare
lively stronger than the nearer futures,
and during most of the day sold above the
closing figures on change yesterday. The
final closing was 15c lower for January,
&c lower for February than the closing
figures on 'change yesterday, while
March closed the same as yesterday and
May 18c lower. No. 3 and high mixed
in moderate demand and sold at 6S@6815c.
Rejected closed at 474c. New mixed in
good demand and sold at 49@491Ic, and
closed firm at this range.
Since the snow blockade is partially
over, grain is coming in a little more
freely. The receipts of corn to-day were
365 cars, Of which eighty-eight graded No.
2, a somewhat better proportion than
usual. During the afternoon board prices
were not sustained, January ending the
day at 68@681ac and may at 5715@57%c.
The clique was on hand to-day to watch
its interests, but was doing less than usual,
seemingly being satisfied to let matters
take their course this week except when
too much weakness is manifest.
Oats we're steady and ranged a
trife over yesterdays prices. The cash
market was quiet, with shipping orders
light and local consumptive demand also
light, this caused sample lots to rule
rather slow. A fair speculative business
was done and operators seemed to be in
fuenced altogether in their movements by
the tone of the corn market. Cash No.
2 sold at 37115c with few cars at $50.
Other grades nominal. No offerings. Fu-
ture deliveries were steady most of the
session, and in the range of prices was a
little better. The market finally became
easy and closed in some instances a trife
lower. Better prices were realized later
in the day and the market closed firm.
Rye was steady and prices were 15@1c
better. The advance was really
established Yesterday. Light Offering is
what kept the market steady, for the de-
mand was only moderate. Car lots of No.
9 in store sold at 6215c. Rejected about
53@54c. Future deliveries were firm and
slightly improved. There were light or
ders and very few sellers. There was only
light demand for cash barley, and bzy-
ers supplied their wants by taking sample
lots, leaving in-store marketneglected and
nominal. No. was quotable at S3@84c,
and No. about 55c. Specializing trading
light. The demand and offerings were
about equal and prices ruled steady.
Only moderate business was
reported in the market for hog
products, and prices on the whole range
exhibited little change. Spectators not
inclined to do much, and shippers pur-
chased sparingly. The receipts of product
were moderate and the shipments not very
large. Foreign advices were unfavorable
to holders, and lard was quoted Cd lower.
Eastern markets without material change.