Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-30
All the Markets. in Chicago active ana
Lover.
CORN ATTRACTS SPECULATION
And Falls on all the Future Deliveries
Several Fractions.
PROVISIONS AGAIN FALL OFF.
The Ex.FiiIard Properties the Feature
Of Wall Street.
CHICAGO.
fs,s..al Telegram to the Globe. ]

CBt-sso, = G. Ca large speculative busi-
ness yas wan. scted in corn to-day, and the
feeling ;.s7aloped WAS weak, prices showing a
liberal decline al round. The receipts we're
larger and there is 2 little larger percentage OF
the arrivals .rgding contract corn" Besides,
there appea to be considerable pressure to
reaijzs on loI corn At any rate the offerings
vera liberal :. / exceeded the demand. The
market opened lrregularly from A9Mc lower
for the various futures, but ruled firm and ad-
vanced after tho open ng. When January had
reached So and one trade had been made in May
at Coz. David Dows Co., George
Edri1ge, Paul, Kent & Co Nat Jones,
Critten Ian & Harvey and others commenced
selling ia 1Uary cora. AS the speculative OTTER
ing5 increased the market soon began 10 weaken
aad prices declined l1591Ac below the Out
side prices reached, fluotuatej, and the closing
figures of today ruled 4c lower for Januaty,
14c lower for February. and 115c lower for
May than the closing hgures yesterday. No. z
and high mixed in III ,lerste demand and sJld
at 57$[Q58c and closel at about 57%c. Re
iected in -osht demand and ruled 2@21sc
lower, and sold at re. New mixed sold at 489
1870. New high mixed sold at 1890. 1t was
reported that brokers for Schwartz d Dupee
were quietly buying January and February
corn, and W. D. Baker bought largely to-
ward the close. There was great
deal of shaking out to-day, and many
who were aad ara firm believers IN
May corn were forced to unload as the market
has every appearance of going to 55c before
halt is called A few fortunate ones belonging
to clique, of which the firm of Schwartz q Du'
pee are believed to be foremost, can afford to
awaite the outcome with supreme Indifference to
the sentiments oG the crowd who think January
corn has collapsed. Having upwards OF 5,O0o,-
600 bushels OF corn bought while there is visi-
bic supply of barely 100000, they have only to
absorb the amount in store to get the whole
thing into their own hands and run it as they
please. Had they purchased but 2,0OO,-
900 bushels which could be prompt
ly delivered to them, and which
they would be obliged 10 either close out at a
sacrifice or carry at a risk, the situation Tor
them 1uld b9 more alarming.
''rhe reason for the drop and weakness in
corn wss unconsciously expressed by my little
boy this morniug;' said Mr. John V. Ramsey.
EsWhen came down 20 breakfast said: Joe,
what kind of day is it outsider Beautiful
he said, Just like spring. That's the trouble
with corn. Hogs can get along very well with
out it this kind of weather."
A. Fl. Bliss is rather big bear. To-day he
said: ''The lambs are in here,the wool has grown
long aud they are getting shearsd. They are
usually good holders. They won't let go till
they have to, but they getting shaken out. \
look for break
Shepard & Peacock said: ''Iu the csrl mar
ket weakness was the order of the day, and a
pretty general move W As made to sell. Long corn
was thrown overb ,ard and the decline aud
Il ~ araI %ha heor
to increase the lines, aud hammer the market t
in doing it. Jankry corn has now gone to
about lc discount ui{aer May, and it was quietly
bought up by brokers for those Shaving the
deal. February was also moro closely looked
after and bought along with January. From
all we can ascertain the January dee, remains
undsturbed. Receipts were rather lib
eral, and the inspection somewhat
better. Closing, the market was about SOC May
and 53c January. The curb was shade easier,
sellers at $50.
Crittenden & Harvey say: 'Corn opened weak
and has averaged lower all morning. The sit
uation has not changed particularly, and we zee
no evidence of any disposition on the part of
the January holders to unload. Local talent
seem disposed to pound the market considerably
and operators from the southwest come to the
along the general weakness. We don't look for
much additional decline, and believe May corn
bought at current prices will make money"
Wheat opened q q Z C lower than it closed on
yesterday, rallied slightly and then declined
l2sc under the unloading by the large buyers OF
Yesterday. aud IN sym apathy with the weakness
in cora. The receipts were $50 Cdr loads; and
public and private cables were alike dishearten-
/, IL rloto
were selling all day, aud the bears pounded the
market. With all these depressing influences
the only strange thing was that the market did
not go much lower. There was rally
near the close of the session
While the stock at this point viii
show an increase of about 100000 bushels,
there was report that the visible supply would
show decrease during the coming week. Ad.
vices were also received from the northwest ir
dicating that wheat receipts we're falling off
aud that milers at Minneapolis wer e commenc
ing to with draw supplies from the elevators
This emboldened Roach to Try and buy larg
lot He loudly proclaimed himself in tn
market for 100000 bushels of wheat
He got about 250,O0o bushels of Ma,
wheat at 81 .02$IG1l 0S. The fluctuations of tn
day il all the options were governed by May
which opened at 81 .0S$l9l O35s, sold down t
Sl095S, went up with sale to 81 .04, the
fell 50 Sl.02$4, was bulged to Sl.0316, went OF
to Sl02H, then advanced and closed at Sle3.
A leading commission house, writing c
wheat, says: "a decidedly weak feeling wa
exhibited in this market to-day, and no al
tempt whatever was made to hold it or sustai
it. The dealers, such as Reems, Jones, Hubh
and Comstock, are on top of the market, an
whenever thew weak opening they fore
themselves through it and hammer the price:
May wheat touched 81 .021S and closed at 81 0
bid. Receipts were not at all large, but ther
was nothing in the outside situation to encou
age bull, and hen the market was to all a,
psarances without friend or believer II
curb market is a shade easier, 81 .02% sellel
for May.
There was quite heavy break in the oa
market, and there was little if any effort mad
to recover the loss In addition to the symp
thv in the weakness in other markets, John Br,
ant, Moses Jones and W. G.. Press were lars
sellers. The total decline was about E0%
Il predict much lower range all round.
said MI: ". G. Press, a prominent broker
oats, We have had an advance of or Sc
eats and about 1Sc in corn I look for Ma
cora to sell about SAC and oats about 34c y