Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-04
;Es MODERATELY STEADY.
ACTIVE.
CHICAGO.
lsnsoial Telegram to the Globe. !


weak and 'qer, selling down during the
early part u ne session and improving
towards the 4se, Sd as TO finish very near
Saturdays lasJ quotations, except in the
pits for corn and oats, where an advance
was noted despiss the persistent hammer
ing of the bears. Wheat was fairly active
and rather heavy, changing only about 58c
during the day, ba5 at the close December
was about 1(c lower than ct o'clock Sat
urday, January go lover and May about
1lo lower. The market opened
weak and gradually fell off soma, then
fuctuated frequently within narrow
range, but finally oscame irm and sold up
about 5s Q from the loves point, changed
some and fell $8c and closed tolerably
steady. Foreign Gdyices continued un-
favorable. The recei o5s to-day were
quarter million larger shan the shipments,
and the stock ro-uighb is about ten million
bushels, mostly No, 2 spring. Yet in spite
of persistent efforts by the bears to get
wheat down to soc and in
spite of steady continuation
of most depressing Influences such as CON
tinued large eipts-352 car io5s to-day
and reports from abroad of a heavy
market. wheat nevertheless, all things to
tho contrary notwi. .h5tanding still keeps
its head above w4gsr, aod will not be
downed. This is certainly to be taken as
reasonable argument on the side of what
certain old operators declare namely; That
wheat Is worth the money, come what may,
it is cheap at less than dollar, and is
bound to bring profit to anybody who
has the collaterals to buy il and hold it.
On call the demand was quite active and
offerings moderately large. Prices ruled
16@Ic higher. Trading was principally
in January.
The corn pit was active and a strong
feeling was developed. Clear, cold
weather and the carly weakness in wheat
and provisions, togesher with anticipated
large receipts of corn, brought out free
offerings early in the day, under which
prices declined 55@afc below the closing
figure of Saturday. The receipts,
however, did not prove to be
as large az operators had
anticipated, and With an active specula-
tive demand prices were advanced 115@
1Mc, and finally closed 5se higher for
December, 34c higher for January and 24c
higher for May than the closing figures
Saturday. The improvement in corn was
due to two causes chiefly. One was that
the people who sold out last week and took
in their profit jumped in this morning too
quickly to take back the stuff at or under
figure, in the hope of reaping results from
another rise. The other reason was that
there were orders already on the floor
from outsiders with whom corn las stood
steadily in favor all along. The bears
made very determined effort to down
the whole list, but 1t acted very stubborn
and got the turn On them quicker than
they thought. There was an opposite
opinion, however, namely that corn was
bid ND by the longs 20 scare in the shorts.
Schwartz, DuDee, Lyon and Hobbs are The
heaviest bayers. Az attem pt is being made
to corner ths year aniJaauarg deliveries .
On call the market Fas in good request
aud offerings fair, PRICES frmer and 4 q
88c higher. Trading was principally in
May.
In oats the speculative market followed
a good deal after the course of the corn
market. At the opening prices were Is @
SIC lower, but subsequently, advanced, and
later in the session ruled quiet and closed
firm and 38c better than Saturday. No.
white in store would bring no premium.
The sample trade was only about moder-
ate and thu feeling was rather easy.
On call the demand was light aud prices
steadier. Sales were confined to May.
Rye was lower and dull, and cash and all
futures sold at decline, with fair call
for the cash, bat speculation was nearly
lifeless and few trades making. No. , was
only in moderate demand for fresh lots,
while lower grades all went to the sample
market. On call it was quiet and steady
Trading was confined to the May delivery
In barley tbs trade continues
Quiet, and while No. held Ut
to Saturdays prices, still for
the lower grades and all samples a par
ticulerlv dull trade was noticeable and il
was difficult to do any thing with any fair
ness. Samples we're in supply in excess
of the wants of the trade, and yer.
slow trade was the result, with the bes
and brightest cars doing but fairly, bu
the dark grain was not wanted. Brewer;
and maltsters bought very little aud bu
few shippers we're on the market.
In flour there was continued dull trad
and very few buying orders for any grad
or quality with home dealers taking onl
enough tor immediate wants and ship
persi and exporters were slow to bid an
kind Ola price for tae lots placsd on sale
Rye -four dull. Buckwheat flour is i
quite light request. Bcan and all mil
stuffs were ia light supply and bringing
previous prices ruled with considerable il
regularity.
The receipts of hogs were liberal an
prices ruled lower, which encouraged ope
rators to enlarge their offerings somewha
during the early part of the day. Th
stock reported was not quite so larg
as generally anticipated which tended to
stronger feeling later in the day. Foreig
adyices show no particular change. East