Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-15
Other Grains Strong and Higher in
sympathy.
WALL STREET STILL STAGNANT.
But Minor Indications That's Movement
is Coming.
CHICAGO.


effort OF the clique manipulating corn they
were removed to-day. This market has
been completely az their mercy. They
have worked IS tremendously as lambs
and have given the shorts another terrible
squeeze. All the big operators were buy
ing to-day, ard at times there was great
excitement. January cora engrossed the
attention Of the whole board, TO the detri-
ment of business IN all other markets
The volume Of trading was unusually
large, everything offered being taken.
When prices began to boom the offerings
became more free, but when it was seen
that frmness was not transitory, selling
was checked, few daring to dispose of their
holdings. The shorts became panic
stricken and led excitedly but the bulls out
led them. This months delivery is hope
lessly in the clutches of the clique, who
can now put prices up or down as they
please. Handy's brokers, it is said, took
calls on nearly a million bushels to-day
for the Cincinnati crowd. The Indianap
oils folks were nearly as daring, while
McGeoch, Ljndblom and the rest bought
largely. Concerning the Milwaukee wheat
kings connection with corn, it is now said
it is accidental. HIS firm here
Everingham & Co.-during the
rule of low prices became in
in corn. When the boom began they has
tened to cover, mourning some loss there
by. On looking over the ground Uncle
Peter concluded that the safest plan to get
his money back was not to attempt to
stem the tide, but to go with it and bleed
the other shorts. In this he has been sue
cessful enough. He is now holding large
quantity. Under these influences and the
demand from shorts prices advanced 81
cents and closed Al cents higher than
twenty-four hours ago. The feeling was
very unsettled. Spectators bought freely,
and prices for the speculative grades
ruled materially high in consequence, in
fuenced partially by light receipts. The
lower grades ruled quite active and
firm, without any special improvement in
prices. The advance of course was most
marked for January, for which prices adj
the highest prices reached yesterday. Feb
ruary was rather irregular and fuctuated
within a range of &c per bushel, and May
ruled tolerably steady within a range of
20 &c, and closed about &c higher for
February, and 119c higher for May than
the closing figures on change yesterday.
No. 2 was in good demand and sold at
604 q 63c for car lots and 60@6315c for
a round lot, and closed at 6238 66215c.
High mixed about the same as
No. ,. Rejected in good demand
and firm at 46c. New mixed
active at 48c and new high miyed sold at
48ll q 4615c. Sales ranged at 5915 q 6315c,
and closed at 6215c for January. The
first sale made was at $3.50, but almost
Immediately selling began at co. @6O15c,
then steadily advancing with scarcely any
fluctuations 60 62$Ic and then quickly to
6315c, TO 81 1 c, ductuated, and closed as
above mentioned. January corn to-day
closes Sc higher than a week ago and 11Ic
above where it sold on the first day of the
year. The shorts are again making great
ado over the small amount of Kansas and
Missouri corn which is graded up to No. .,
claiming the commissioners are cooper
ating with the bulls, who have cornered
the market.
In the wheat pit that cereal was fairly
active and strong early, selling about &c
over the closing figures at o'clock yester-
day, but eased off &c then fuotuated
within moderate range, and closed at
about the same as at 1 o'clock yesterday
for January, about &c lower for February.
about 18c lower for March and also about
1sc lower for May. In January there was
scarcely anything doing. The nominal
range was 9715@984c, closing at about
9724c. The discount on February was 81
@19c. Spring and winter were quiet and
steady.
Flour is looking up trife. The market
was held up well and no trouble is had in
selling, with the local trade liberal buyers,
and quite quantity selling. The
local trade were liberal buyers,
and quite quantity is GO
ing out on shipping and export
account. Prices were firm, and for the
finer qualities higher range was obtain
able, while the sound and desirable export
stock has been well picked up and few lots
are left on hand. Rye -four was slow.
Buckwheat flour was quite dull at about
$6.25 for good western to 1915 for choice
eastern. Bran and all millstuffs were in
light supply and doing better.
Oats sympathized with the early advance
in corn and ruled shade frher. A fair
speculative business was done, but cash
ruled rather quiet. The offerings of cash
were rather small, owing to continued light
receipts. The trading, also, was mainly
local, for prices are above the limits of
many shipping orders. Car lots in store
sold at $3.50 @36c. the out
side being 14c advance. Re-
jected at 33@3315c. Sample
lots steady; offerings only moderate; the
local demand fair, but the shipping trade,
for the reasons given, was rather light
Future deliveries were steady and quotably
16@ 4c better than the closing yesterday.
There was fair volume of business done.
Rye was very steady, and early when corn
was buoyant there was good demand, but
later the market ruled quiet. The offer