Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-20
OONA44i 111lO 1111l IL ia
Spectators Tackle This Cereal on the
Chicago Board.
CORN ACTIVE AND HOLDS IT'S OWN.
Wheat Strong and Active at a Slight
Advance.
THE NEW YORK STOCK MARKET.
Speculative Stocks Selling Well and
Firm, Omaha Leading the List.
}ORN ACTIVE AND HOLDS IT'S OWN.
HE NEW YORK STOCK MARKET.
CHICAGO.
Especial Telegram to the Globe.1

been active to-day, and the transactions of
the day were very large. Prices early
were higher, but settled down near the end
to very close to those of yesterday, and in
some cases lower. Rye took another big
jump this morning under pressure from
RYE" Baxter, who is running the deal an
who holds the most of the grain but
slumped off again in the afternoon. Ont
side of this market there were no sensa-
tional features and the rye speculations
are so few that the squeeze there did not
attract any great attention.
On the board wheat was active and some
what unsettled, but generally stronger and
at the close January was 15c higher than
at o'clock yesterday. February was un-
changed; March nearly unchanged; April
and May also unchanged. Early sales were
at trifing advance on the closing figures
at o'clock yesterday, ruled firm under an
active demand to fill shorts and for invest
ment and sold up about 4@1c, but when
the most pressing orders were filled, the
market weakened and the advance was
lost; again improved 15@Ac, then fell off
and closed at the lowest point of the sea-
son. On call the offerings were quite free
and the feeling easier. Prices were shaded
further 4@Tc; 100000 bushels for May
delivery were sold on the call board at
107I@ @1O8. The shorts bought freely
this morning and many are settling their
shortages. Winter was quiet and strong,
spring was firm in moderate demand, and
little offered.
Flour was in fair request and was held
firm. Exporters and local jobbers were
buying, and the continued good demand,
advanced prices of wheat, and light stocks
have created strong feeling among hold
ers. Rye -four has heen affected by the
boom in rye. Buckwheat is dull and
weak.
Corn ruled active again, and prices show
a further improvement all around. Spec
ulators bought freely, and trading in fu-
lures is large. Shippers also bought fairly.
The receipts were fair, and market
advices from other points again
favorable. January ruled steadier
than usual, but prices for the deferred fu-
lures were advanced 1@11ac above the
closing figures on change yesterday. At
the advanced prices the offerings to sell
were increased and prices declined 4@1c,
fuctuated and finally closed 35c higher for
February, &c higher for March and May
than the closing figures on change yes
terday. No. was in good demand and
closed at 644 @65c. High mixed same as
No. 2. Rejected quiet and offerings light
New mixed in demand January ruled
rather quiet and fuctuated within 64 % @65c
and closed at 64A@65c. Although there
was an active inquiry from shorts, during
the afternoon half million bushels for
May delivery and nearly as much for
February inding purchase on call, offerings
were equally free and prices ruled sha de
lower. The clique is settling with its shorts
at 65c and many are accepting its offer. 1t
is said there is not liable to be much O f
consequence developed in this last deal
before the last week in January.
Oats were very steady and March and
May deliveries exhibit but slight i'm
provement in the range. but aside from
this there was no important change. Spec
ulative trading was about fair, but cash
sales were light, lowing to meager offerings.
Car lots of No. 2 sold at 3758@37Mc. Re-
iected about 34c. Sample lots were quiet,
owing to small offerings. They were
held higher, but shippers could
not find just what they wanted
and local dealers report trade slow and
were not doing much. The feeling was
quiet and steady to the close of the day.
Among the rye spectators there was
quite little excitement early on account
of the speculative interest centered in
May. The price for this delivery was
forced up 2116c over the outside price of
yesterday, making $40 advance for the
week. This advance caused an improve
ment all round, car lots selling fully &c
higher, but the attendance of operators
finally became small, little demand existed
and the market was tame, and there was
some reaction from the advance. Car lots
of No. 2 sold at Csc early and declined to
&c. Rejected at $4,000. Sample lots were
held regular, but buyers did not respond
to the offerings and sellers found it ex-
pedient to place some consignments on
store. Future deliveries were 263c
higher all round and there was some trad
ing early but the market became dull,
buyers scarcer and the feeling unsettled.
On the callboard this was very noticeable.
January closed at 6724c and May at ZIG
73c.
Barley was traded into light quantity
but better prices were quoted, particularly
for No. 3.
Provisions, as on the former days of the
week, failed to show their wonted anima-
tion. The demand for hog products was
only fairly active and the offerings were
few. The receipts of hogs were
liberal and selling at lower prices, which
exerted an unfavorable influence on the
market for product, and prices averaged
trife lower. Spectators purchased mod
erately, especially of the more deferred
deliveries, but shippers bought only few
lots at about former figures. Foreign ad-
vices indicate weaker feeling in that
quarter, and lard was quoted Sd and bacon
Is lower. Eastern markets favored buyers.
The receipts of product were quite liberal