Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-16
CHICAGO.
Especial Telegram to the Globe

CHICAGO, Jan. 15.-The bulls have not
had their own way to-day and this evening
the bears are iubilant at the advantage
already gained by them and hopeful for
the future. AS usual the corn market was
where the battle was fought and is to
blame for the weakness manifested.
Since the new crop began coming in there
has been continued uneasjness over the
small amount graded No. by the COM
missioners. Fifty cars of No. 2 were an
unusually large days receipts, and many
days the number would not exceed ter.
The GLOBE few days ago gave the
average of the entire receipts coming
up to grade. AS if agitation
over the matter had had immediate
effect Ia of the $50 cars arriving to-day
were rated No. 2-33 per cent. is an unus-
ual amount at any time-and this fact
alone turned the tide. 1t gave the shorts
hope and confidence, induced many of the
timid tailers to rush to sell, and in the end
rather demoralized the longs. 1t is not
expected that anything like this showing
can be made again right away, but the
boom has met check and its progress re-
tarded. On the board this market was
active, unsettled, feverish and nervous.
Prices we're subject to more numerous
fluctuations, and for January ruled
with more irregularity than for
several days past. The market
opened easier and prices declined 15@Mc
below the closing figures on change Sat
urday, then rallied, advancing 115c for
January, 11sc for February and 24c for
May. Later ruled easier and when the
improvement in the inspection became
known, prices declined rapidly, declining
about Sc for January, lie for February and
5sc for May, fuctuated and finally closed
about 11sc lower for January and 3sc lower
for May than the closing Saturday. No, 2
met with fair demand and sold at GIG
62Ic, chiefly at Gle and closed at about
&c. High mixed the same as No. g. Re-
mixed in fair request and 1c lower.
New high mixed sold at 47115c.
January was fairly active and very I'M
settled, and prices irregular, fluctuations
being rapid and severe. Sales ranged at
604 @634c, and closed at &c; opened IN
settled, with sales at 6214c; fell to &c at
about the same time, off to 61Ac, rallied
with some fluctuations to 63c, andi few
trades at 531lc, then broke Off irregularly
to 624c, and then rather rapidly when the
improvement in the inspection became
came known to 603sc, with few trades at
6O4c, up to 644@62c, fuctuated and
closed as above mentioned On call prices
were still lower, although the decline was
not great January ending the day at 61B
@62c. Offerings continued free.
The wheat market was rather
quiet and tolerably steady,
the whole fuctuation of the session being
only about 15c and at the close January
was nearly the same as it closed at 1
O'Clock Saturday; February nearly I'M
changed; seller March nearly unchanged,
and May about 1sc lower. Early sales
were at about Saturdays closing, trife
easier for a time, then became firm and
sold off some, then fuctuated and closed
quiet at the changes from Saturday above
mentioned. In the afternoon, although
the demand was fair, the feeling was a
shade easier. Winter was in moderate re-
quest and little being offered, while spring
was in less demand. Both held rather
steady.
Flour was quotably very firm and
dealers were holding for an advance,
with the orders continuing liberal, while
the stocks have been largely reduced and
higher range will be asked for the stocks
to come.
Rye and buckwheat -four were selling
slow. Bran and all millstuffs were bring
ing higher prices.
In oats a fair business was done in the
way of speculative trading and the market
was steady at slightly lower range of
prices, and the concessions were due to
corn being easier; also that free deliveries
had been made on contracts, and the de-
mand was light. Cash oats rather quiet
with only light offerings. No. 2
sold at $3.50 and rejected quotable
at 33c. Sample lots steady, owing
to small supply, but the demand was
only fair. Future deliveries we're fairly
actlve Win quite lDeral Irdoe III JAN
uary. Market steady, though ranging a
little below the closing prices of Saturday.
This market held firm through the after
noon.
Rye was quotably firm and early in the
day sold higher. Little was doing for cash,
but there was quite an active speculative
trading. The frmness rather increased
during the afternoon.
Barley was hardly mentioned and sales
were next to nothing. There was fair de-
mand for cash in the sample market, but
no speculative market.
The demand for hog products was
faialy active and the offerings free. The
feeling was firm and higher prices realized,
but extreme figures we're not maintained
to the close. Spectators purchased rather
freely, and shippers bought moderately.
Foreign advices indicate stron ger feel
ing in that quarter and prices were ad-
vanced Cd on lard and bacon. Eastean
markets were quiet and firm. The receipts
L Il