Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-09
Active And HIGHER.
al the Chicago Markets Show an I'm
proved Tone and Tendency.
CORN AT THE BOTTOM OF DEALING
Wheat Advanced Largely and Still
Tending Upwards.
PROVISIONS SOME PEGS HIGHER.
9he New York Stock Markets Dali and
Featureless.
CHICAGO.
Especial Telegram to the Globe. ]

Especial Telegram to the Globe.1
CHICAGO, Deo 6.-The leading specula-
tvs markets on change to-day showed q
material advance along the whole line. The
last hour was very excited and there was q
wild scramble of shorts to cover. Wheat
was active and generally strong, closing
with January about 1 1llc higher than at 1
O'Clock yesterday, February 14c higher,
and May about 11lc higher. The early
sales we're at about yesterdays closing fig
ures, but with good demand prices soon
improved some, then eased off and be-
came rather dull, but finally became
strong when corn made such strong ad-
vance and sold up about 11so from the
lowest point, then changed some and
closed firm. The shorts were liberal buy
ers, and there was also fair Investment
demand. Receipts continue free, and
arrivals for the week exceeded the ship
ments 100000 bushels.
Corn was very active, but trading vas
chiefly for May delivery, which is attract
ing the attention Of operators m'.sfty.
The receipts did not show any increase,
but the shipments were small and the
movement for the week showed the re-
ceipts some 100000 bushels in excess of
the receipts. Foreign advices
were unfevorabIa and the weather colder,
but with with all these influences favor
able to lover prices, the market was buoy
ant and prices ruled much higher, espe-
cialiy for May. Outside orders were NJ
merous, both to buy and sell. Shorts Gov
cred freely, and the demand proved in ex-
cess of the offerings. The market opened
@ shade stronger, and prices we're advanc-
ed with some fluctuations l &c for Deem
Der, l 80 for January and %e for May,
above the closing figures on change yes
tetday, receded trife and finally closed
about 111sc higher for December, lie higher
for January and 1850 higher for May than
the closing quotations on 'ohange yester-
day. Sample corn was in fair demand,
and higher premium is being paid for
old and dry corn over damp and soft lots
of the same grade, new eer and soft diff
onlt to sell. New rejected and no grade
corn can hardly be sold at all, but old low
grade sells tolerably well. The govern
ment estimate of the corn crop is expected
10 be very bad.
The strength in the corn
market caused an active
demand for oats, and also caused oonsid-
cradle desire on the part of shorts to Gov
er. The speculative market ruled with
unusual frmness, and there was liberal
advance as compared with yesterdays
closing. The market ranged about 178G
&c higher. Early all oonsignments of No.
ana No. white were ordered to store,
the sample trade being slow, shippers and
local buyers beieg unwilling TO pay much
if any advance.
In the market Tor rye prices
were somewhat higher in consequence
of the better markets in other cereals, and
offerings were reduced. Few sample lots
we're offered, and they sold only moder
stely.
II barley, No. cash and seller January
were wanted for the purpose, it was said
Of filing ahorts. An advance of 1o va;
paid. Low grades were saiable at former
prices. Offerings of No. 8 and No. II
store we're light. Receivers do not ike Il
accept these low prices, and endea7ored Il
get more by selling by sample. 4 gooc
deal of the barley has just missed tn
higher grade and the inspectors and re
ceivers try TO sell it on its merits rathe
than by grade. Sample lots, however
were dull. Holders have been unable t.
unload their accommodations, and the pres
sure on the market is so heavy that price
were very weak. Buyers admit the merke
is more favorable to them than at az.
time On the present crop. At the sam
time they would not buy except sparinglJ
and then Of the best grades.
Flour vas without change, being dul
for ali grades, andssales next to nothing
With dealers holding the better family ant
bakers brands firm, but shippers were No
bidding for the fair TO good bakers stock
and the lower grades we're dull. Rye fou
steady. Buckwheat -four slow.
In provisions irmer feeling preyaile
for hog product, and 8 good business i
The aggregate was reported. Prices. how
ever, ruled with considerable irEsgularit!
and on the whole range were advance
materially. Speculative trading wa
quite active in more. deferred deliverie
ard the shipping inquiry was fair, thong
BUYERS were slow to meet the views c
sellers. Foreign advices showed no ma
terial change in that quarter, and the cas-
arp roarkets Eere frmer The receipts {
product we're quite liberal and the shil
ments unusually heavy.
In pork the inquiry was quite active al
the offerings were free Shorts purchase
literally. Prices were advanced 4Og6(
on the whole range, and the appreci
ton was moderately well mai
tanned. The shipping inquiry vi
comparatively light.
Lard vas sc.ive, at times considerabl
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