Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-02

was about $4,000 barrels. The year opened
With choice to fancy winter wheat -four sell
ing at 475@ $40; good to choice Mipnesota a
straights at 81 5o@5 % ard patents at
/ 50 1897 co. Until June the market ruled
firm, when winters sold up to $5.50@6 so;
Minnesota at $5@575, and patents to
| $6.50@ 7.50, but during the last half prices
eased off to $5.5o@5. 65 for winters. $3.50
@5.25 for Minnesotas, and S5 9o@6 SO
for patents.
Rye -four has ruled lower the past year
under free offerings, and sold within the
raoge of $3@4 per barrel, and as low as
| $265@2. 85 sack.
The following table exhibits the closing
figures for the years named:
1883. 1892 1881. 1880.
ss25G5 S. s4sO95.5o ss.O@725 st5o@ooo
saOo@5.oo ;s.so@5.5o &.5se1so s4.ao@s IS
s450@o.sO stoo@soo s45o@z2s s.5sGs2s
3 s0@65o sS75@ZOO s7.oo@8.5o ss.oo@z75
81. .45gs.5O s2.Oo9ssO ss.5@G75 s225@s.5o
For the first time in several years flour
has again been consigned from Colorado
to Chicago, several shipments having been
made during the last few moaths. The
exports from tho United States for the
year 1883 aggregated aoont 100000 bar
rels against 100000 barrels for the year
1882.
That speculation has been active IN the
wheat market then during the year 1882,
must certainly be admitted, and can be
accounted for from several reasons. In
the first place the influences presented dur
ing the year were such as to create and
stimulate desire for speculation. Then
agsin the trading in No. 2 wheat,
which allows the delivery of No. 2 spring
or No. 9 red winter on contracts, and
which was not in force until the
last half of the year 1882, gave dealers
more confidence to trade without as great
likelihood of being involved in squeeze.
This led to free trading, 80 that specu!a-
tion during the year has been carried on
with unrestr8ined fretd3m, frequently to
excess either in buying or selling, which
led to bad results.
cago elevators at the opening of the year
1883 was reported at 5,196,000 bushels, and
never during the year was the
stock reduced below 100000 bushels,
but when the newis crop commenced
to move freely steady accumulation
occurred and at the close of the year the
stock in store was about 100000 BUSH
els. The visible supply ct the principal
points of accumulation in Canada and the
United States increased from 24,O48 900
bushels at the opening of the year to 3d.
531, 900 bushels at the close of the year.
The shipping demand has been much less
than in former years, the export demand
having been unusually light. The exports
against about los, 100000 bushels for the
year 1882. This has been due in the first
place to the high prices prevailing during
the early months, and laserto the facs that
foreign wheat came in competition with
American, and being sold for less of
course, was taken il preference, SO that
foreign orders were far below the average.
Besides, European markets have bsen
pretty heavily supplied with old wheat,
and merchants especially had not
any pressing wants to supply and
they could act Independently about
buying. Fluctuations during the year
have extended through range of 231Sc;in
1882 range of 1890, in 1880 range CT
45Ac; in 1879 range OF $50. The mar
ket on the second day of January, 1883,
hanged at 935s s@937ao, and these were tho
lowest prices for the first half of the year.
Prices advanced with frequent fluctuations
to 81. 1879, which figure was reached in
June, and from that sold off to soc in
October, again reached 994c, but receded
again and closed easier.
More interest than usual conferred in the
corn market during the year 1888, which
msy be attributed to the peculiar, and in
eome instances, unlocked for surroundings
of tho trade. An unusually large specu-
lative business was transacted throughout
the year, and the shipping demand was
very large, especially during the season of
lake navigation. The demand for export
was considerably increased, and the lower
range Of prices encouraging the move
ment, increased quantities were forwarded
TO Great Britain and continental Europe.
The crop of 1882 was undoubtedly heavy
one, probably larger than officially report
ed, as the receipts at Chicago were in-
creased about so per cent. The quality
however, was not quite as good as that OF,
the preceding year. Less than so per
cent. OF the arrivals being suitable,
interfered somewhat with the planting
of the crop of 1883, and the cool weather
during the summer tended to retard its
growth. The crop, however, at midsum-
ner was regarded as two or three weeks
late, but with favorable autumn it was
anticipated that more than The preceding
year wonld be growr, and or the
strength of this supposition large sales
were made for futRre delivery. About the
middle of September the crop was report
cd seriously injured by frost, so much so
that crop estimates were reduced to 1885,
100000 bushels. Tbs unfevorable and
changable weather during the fall and early
winter months tended to damage the
quality of the crop, and while the aggre-
-, =, ~ 30 ~, 4, %or;,IJ. Io..o-oJ