Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-10
Ali the Chicago Markets Show an I'M
proved Tone and Tendency.
CORN ATTHE BOTTOM OF DEALING
Wheat Advanced Largely and Still
Tending Upwards.
SOME PEGS HIGHER.
The New York Stock Markets Dull and
Featureiess.
CHICAGO.
Especial Telegram to the Globe.l

tive markets ca change to-day showed
matetial advance along the whole line. The
last hour was very excited and there was
wild scramble of shorts to cover. Wheat
was active and generally strong, closing
with January about &c higher than at 1
O'clock yesterday, February 1Ic higher,
and May about l l4c higher. The early
sales were at about yesterdays closing fig
ures, but with good demand prices soon
improved some, then eased off and be-
cana rather dali, bat finally became
atrong wher corn made such strong a3-
vance and ao'3 mp about 11ac from the
lowest point, then changed some and
closed Gtm The shorts were liberal buy
rs, I'D there was also a fair Investment
demand, Receipts continue free, and
arrivals for the week exceeded the ship
ments 900 bushels.
Corn was very active, but trading was
chie17 for May delivery, which is attract
ing the attention of operators mostly.
The receipts did not show any increase,
but the shipments were small and the
movement for the week showed the re-
ceipts come 100000 bushels in excess of
the receipts. Foreign advices
were upfavorable and the weather colder,
but with with all these influences favor
able to lower prices, the market was buoy
ant and prices ruled much higher, espe-
oially for May. Outside orders were nu-
merous, both to buy and sell. Shorts Gov
cred freely, and the demand proved in ex
Of JG off Tho rlypL aa
shade stronger, and prices were advanc
ed with some fluctuations 10 for Decem-
Der, go for January and 1H8c for May,
above the closing figures on change yes
terday, reoeded triile and finally closed
about 11ac higher for December, lie higher
for January and 1558o higher for May than
She closing quotations On Change yester-
day. Sample corn was in far demand,
and higher premium is being paid for
old and dry corn over damp and soft lots
of the same grade, new ear and soft diff
cnlt to sell. Nav rejected and no grade
corn can hardly be sold at all, but old low
grade sells tolerably well. The govern
ment estimate of the corn crop is expected
TO be very bad.
The strength in the corn
market caused an active
demand for oats, and also caused consid-
cradle desire on the part of shorts to COW
or. The speculative market ruled " tn
unusual firmness, and there was liberal
advance as compared with yesterdays
closing. The market ranged about 1%@
&c higher. Early ell consignments of No.
and No. 2 white were ordered to store,
the sample trade being slow, shippers and
local buyers beieg unwilling to pay much
if any advance.
In the market for rye prices
we're somewhat higher in consequence
of the better markets in other cereals, and
offerings were reduced. Few sample lots
were offered, and they sold only moder-
ately.
In barley, No. . cash and seller January
were wanted for the purpose, it was said,
of filing shorts. An advance OF 1o was
paid. Low grades we're salable at former
prices. Offerings OF No. and NJ. in
store were light. Receivers do not like to
accept these low prices, and endeayored to
get more by selling by sample, A good
deal of the barley has Just missed the
ceivers try to sell it on It's merits rath or
than by grade. Sample lots, however,
were dull. Holders have been unable to
unload their accumulations, and the pres
sure on the market is so heavy that prices
we're very weak. Buyers admit the market
is more favorable to them than at any
time on the present crop. At the same
time they would not buy except sparingly,
and then of the best grades.
Flour was without change, being dull
for all grades, and sales next to nothing,
with dealers holding the better family and
bakers brands firm, but shippers we're not
bidding for the fair to good bakers stock,
and the lower grades were dull. Rye -four
steady. Buckwheat -four slow.
In provisions firmer feeling prevailed
for hog product, and good business in
the aggregate was reported Prices, how
ever, ruled with considerable irregularity,
and on the whole range were advanced
materially. Speculative trading was
quite active in more deferred deliveries
and the shipping inquiry was fair, though
buyers were slow TO meet the views of
sellers. Foreign advices showed no ma
terial change in that quarter and the east
ern markets were frmer. The receipts of
product were quite liberal and the ship
ments unusually heavy.
In pork the inquiry was quite active and
The offerings were free. Shorts purchased
literally. Prices were advanced 100000
on the whole range, and the apprecia-
ton was moderately well main
tanned. The shipping inquiry was
comparatively light.
Lard was active. at times considerably
excited. and prices were stronger and
higher, selling up SOC per 100 pounds above
yesterday ana closing at an advance of
2715930c. There was large trading in
January. February and May. Cash was
quiet. The shipping demand was moder-
ate.
Trading was more active in the market
for short rib sides, and frmer feeling
prevailed. Prices were advanced 509 40c
per 100 pounds, and the appreciation was