Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-22

Lsoeoial Ealesran to l.-e Globe.

Ic1ccla. Telegram 90 lie GlODe.
C-cAao. Jan. 20.-The bulls had every
shi1r their own way to-day, everything
soaring except rye, the bull crowd there
seeming 10 have abandoned the field for
time. Perhaps Baxter IS trying the old
dodge Of letting the nario. case oil and
Then, when the other fellows Eage gained a
little confidence, starting il again and
gathering il a new crop OF shorts. Livery
where else there was life and activity.
Even barley looked up & tride.ald the pro
vision market had more customers at bet
Ter prices. Wheat made nice healthy
gain. and as for corn The bears who were
80 brave yesterday abandoned the held
and led preci pitately, leaving prices at the
mercy Of The clique. Yesterday large
quantities Of corn we're Unloaded, but it
was noticeable that most Of the trading
was between parties in the deal. For in
stance, Lindblom, would offer 4 lot Of
10000 January, and one Of Handy's
brokers would take IT, Then another big
lot would 90 the same way at trifie lower
rate This started rumors again that
there was q split in the clique and that the
New Workers were unloading. This
story was industriously circulated
and found some believers. Dozens of the
timid tailers got scared and unloaded be-
fore prices became any lower. All they
dropped was quietly picked up By the
bulls, who made no effort whatever to
check the weakness. Some of the hopeful
bears were even expressing sympathy for
the poor bulls whose plans were being so
badly disarranged by reason Of internecine
quarrels, but this morning when the clique
put ON the brakes and began to turn the
screw again, the bears sang an
other song. The pretty little fable
that went the rounds yesterday that ZOO
cars OF corn had been shipped from st.
Louis, and every bushel of it had been
carefully examined and warranted to grade
No >, was exploded and no longer filed
the hearts of the shorts with hope. They
became panic stricken and worse de-
moralized than ever. The longs had it in
their power to put prices of January corn
where they wanted, and only stopped when
they did because they got tired. At
times there was great excitement in the
pit, and it is rumored this after
noon that the pinch was too
great for some of the actives
to stand, and that Monday will develop
two or three failures. The worst hurt in
this deal are, as before stated, st. Louis
parties, and they are moving heaven and
al
tracts for this month in quantities sufi-
Gent to cause a break. Meanwhile they
are working a terrible outcry against what
they claim is discrimination in inspec
don. ]. D. Robinson, a member Of the
St. Louis exchange, who has returned from
a trip through Nebraska and Kansas, says
there is any amount of corn in
those states, the condition of which
is good and the holders ready
to send it to the market. They are afraid
to send this corn to Chicago, as they are
fearful of the inspection in that market
with its present high standard and rigid
grading of corn. Hence Mr.. Robinson be-
Ieves that most of this Kansas and Ne
braska corn will come to st. Louis.
On the board the corn pit to-day was
filed with excited traders. From the open
ing an active demand existed, and large
business was transacted. There was con-
siderable excitement during the Sc ssion,
and prices ruled materially higher.
Spectators bought freely, and there
was also great demant from
shippers. The receipts were little
larger, but the proportion inspecting No. .
is still small. Market advices are favor
able. Prices advanced 42Ic for January,
PIC for February and 118c for May
above the closing figures on change yes
terdav, reacted trife aud finally closed
42lc higher for January, 1 &c for Febru-
ary, and &c for May than the closing
figures yesterday. No. 2 corn was in good
demand, and car lots sold aA67c to 6915c,
and closed at 691 lc. Round lots the same
rs January. Rejected was in good demand
and new mixe& actually called for. The
clique had no opposition and bid January
up from Csc without difficulty to zoe.
The offerings were very light and demand
good, with sales at 65@692lc, with
rumored sale at zoe and closed at about
694c. The advance from inside prices
was rapid. The shorts were large buy
ers.
In the wheat pit trading was also on an
active scale, and strong feeling existed
during most Of the session. The receipts
continue small, and market advices are of
q favorable tenor for holders. The market
opened a shade stronger than the closing
figures on change yesterday, ruled steady
and advanced gradually, then quite rapidly
until an improvement of 1880 was es-
tablished, reacted a trife and finally closed
within 58@75c of the outside range reach
cd. The last quotations were about &c
higher than yesterday on January. q c on