Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-24
CHICAGO.
Especial Telegram to the Globe. I

bN4S5 TOIlIy vi oBCOldi lhO1llOa O4 Cuduk Q
to-day. Country orders were light, with
average receipts. The ''boys" had good
deal of fun at the opening of the market,
and forced up prices for while. But few
sales were made, however, on orders. The
markets fell off little later in the morn
ing and reacted somewhat toward the
close when the shorts thought it about
time to cover what they had sold during
the past week OR so. The weakness in
wheat is in a measure credited to the fact
that j. B. Hobbs, Schwartz & Dupee and
the Adamses still continued to unload that
cereal on the market, though not in great
quantities. K. B. Kean, Nat Jones and
other notorious longs in wheat are
thought to be in bad box, with
enormous loads to carry all along the
line. The longs, on the other hand, hold
that the exports in provisions have in
creased very materially over last year,
with only about two-thirds of the supply
to draw from. In wheat they contend that
the exports are increasing and the eastern
seaboard is soon to make large demands
on The Chicago market for that cereal
Moreover, New York capitalists who
usually invest their money
In stocks, are very extensively
interested in margins in this market
These mon are not mere curbstone specu.
iators, it is held, but people who bore with
large iugurs, the same who carry along
10000 shares of stock for six months at a
time. The shorts say that they can't hold
out this time, nevertheless. The big fish
who are long hold their tongues, except to
encourage each other.
Most of the trading conferred
in the May futures. 1t opened
very inactive with miscellaneous
sales at $lo6, $1o5%@1061s, went down
to $LO5A. After one or two sales at this
figure the market rallied to $1.O6, went off
to $1.0558, then down to 81 051a, went up
to $1.06118 and with few sales at $1.O6
closed with that price bid. There was but
little attempt at trading after 1 o'clock,
and as the board adjourned until Wednes-
day morning at O'Clock, business really
stopped. There were some attempts made
to influence circular measures and houses
doing large outside business by Offering
wheat down to 81 O556, but I could not
learn of any transactions. Winter wheat
was very quiet, offerings higher and the
demand Limited. No. red was quotable
at 98c@$1 OF according to location. No
red was qaotable at 90@93c according to
location. Rejected red nominal. Spring
wheat was in light request and prices
lower. No. 2 Car lots sold at 97h@97&o
and closed at about 1890. No. 3 very ir-
regular and the demand only limited.
Prices depended on location, rang
ing at 79@95c. Rejected nominal.
None of the shigh sellers interfered
with the mastery inactivity of the corn
pit. Outside orders were scarce, and the
pounding" of the market WAS largely by
local scalpers who h-d nothing but wind"
to trade in. The feeling was easier early,
influenced by large receipts. but the mar
ket closed strong. Prices fuctuated with
in the range of about g q e and finally
closed a6out &c go higher than closing
figures on change yesterday. No. 2 and
high mixed met with only light demand,
and sold at sos 96l4o and closed at
611a @614c. Rejected was rather quite
and sold at 4615 @4624c, depending some
on location. New mixed quiet at Sic
Early sales of January were at 81 20. The
market was off 60 bushel. II turned up
to 6115c and doomed to 621sc. At this
point it was 1so bushel higher than the
May option. January closed with 621sc
bid, and May was the same. February
closed at $3.50.
Oats were quiet, and the market did not
attract much attention at the opening,
prices were easier and ~ lower. This
was due to other markets being off. There
was moderate demand and light Offer
ings, aud the decline WAS subsequently
recovered. No. 2 aud No. white Dash
opened at $3.50 aud sold up to $40. Sam
pie lots were in fair supply, and met with
good demand.
There was very little activity noticeable
in the market for hog products, and the
trading was about OF the usual holiday
character. Local operators and
outside parties we're less anxious
to TRADE land shippers were
favored with few orders.
The weakness In the hog market caused
slight reductio n early in prices for the
leading articles, but the market was
trihs steadier toward the close. Receipts
OF product were fair, and tie shipments
moderately large. Foreign a1vices showed
little change. Lard was quoted Sd lower.
and long clear sides 81 higher Eastern
markets were rather quiet, and prices with !
out material alteration. Only q I
moderate business was reporter in the |
market for mess pork. The speculative {
demand was rather light and the offerings /
somewhat limited. Prices on the whole !
range declined log l5c, bat closed com !
paratively steady at outside figures. The /
shipping demand was light aud cash lots |
were quotable at Sl35O914 for old, and !
S14.3712@14. so for new,
Ira ing was light in the lard market, .
and prices ruled 21595e lower per 100
pounds Offerings we're not very large.
Cash lots were quotabie at SS.s5@S.5O.
Little was done II short ribs, and the mar