Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-10
THE MARKETS.
Active Trading in Grains on the Chica-
go Board.
PRICES VARIABLE AND LOWER
Bat Little Doing in tie Market for
Live Stock.
PROVISIONS SOMEWHAT LOWER.
Business in Wall street Centered in
Few Stocks.
VARIABLE AND LOWER
ROyIsIOSs SOMEWHAT LOWER.
CHICAGO.
Especial Telegram to the Globe. !

CHICAGO, Jan. 9.-Ihe lGnItOrs had
swsyt away the ballots, the defeated candi-
dates had shaken hands, and the stormy
scences of the Ctr cGon were f0rg often by
most Of the me. ,srs of the board when
the session CO. 'nenced this morning.
The receipts Of gI were smaller than
had been anticipated, and although prices
kept within narrow range there
was an unsettled feeling greater
actively and frcquert fluctuations. The
crowd we're bullish TO day iu wheat, and
although the bears contested every point
in the market end made some very severe
attacks, prices on the curb tonight were
firm at $L021% bid for May. Most of the
outside orders to-day were to buy, and il
Is evident that Cincinnati and Indiana polls
side with St. Louis in bulling wheat and
bearing corn for the early and provisions
for the distant options.
Wheat opened trife higher than it closed
yesterday under the influence of these buy
ing orders. When they had
been flied the market sag
ged to about yesterdays closing prices
They report that the visible supply would
show decrease of 100000 to 100000 bush
els started some Of tho shorts 10 buying,
and or the basis of telegram from New
York that the export demand was inoreas-
ing Billy Murray finished covering his
large line of shorts and went long to
considerable amount. Later in the day
dispatches received by several parties de-
MED the existence Of any export demand
in New York,and some of those Who bong ht
early, and on yesterday became sellers.
The had small profit and hastened to
realize. The presence OF Schwartz & Du-
pse, as large buyers, sustained the market,
and large number Of local operators
tailed or afterwards, so that on the selling
of 100000 May, wheat was on rising
market, and bid3ers more numerous than
sellers.
Nc. 2 and high mixed corn were in good
demand. .sold at 552(95616o, and closed
firm at 5524c bid for Car lots. Rejected
sold at 46@4615c, and closed at 46c bid.
New mixed was very firm and
sold at 5o4@5O19c on change.
The speculative market was
active and unsettled, but prices fuctusted
within narrow limit. w. T. Boxer & Co.
were free sellers of February, but it was
quickly absorbed as fast as it was offered.
This was the only feature in the February
option. May monopolized the attention
of the crowd and larger dealers. Early
sales were made at 594 @593Sc and up to
5000. R. W. Clarke & Co., the successors
to n B. Ream & Co., were large sellers,
and Nat Jones kept them company. This
broke the market off to 594c, and few
trades we're made at $3.50. A.
Il. Bliss, Seymour & Hunt and
other large speculators became heavy
purchasers and took all the corn which
was offered. It was said that Schwartz 4
principal purchasers ot the February
which was sold by Boxer. This seems to
combat the position that Schwartz & Du-
pee were selling February against their
large holdings of January. AT ali events
it susSain5 tho writsr's position that the
January corn deal. remains to be heard
from. On the curb the prices bid were
Jan, 56o, Ff& 20; May 5758o.
Lndolom says: Corn is firm for May,
while near deliveries are weak. One pre-
diction OF 100000 bushels OF contract
corn il Jauuary. whiOn was ridionled, is
apt to be more than fulfilled. Wa have
100000 bushels already"
E. W. Clarke & Co. were doubtless in
fuencod by She pressure Of their Cincin-
Natl representative, Charlie Kahn, who is
not a believer in high priced corn.
Wright thinks il weak market all
around, and nothing in sight to make it
stronger ut present. Crittenden & Harvey
can see bat ono side to corn, and buy in
all easy places. Shepard & Peacock:
"Under a fsir amount of trading. Corn
has been too early in the month for any
demonstration by the clique" one OF the
oldest operators: "The clique are playing
with the market to induce the crowd to
put out large line OF shorts"
There is about an evenly divided opin-
ion in regard to the course IF the provis-
ion market, and leading spectators are
waiting to see what course the markets
WAL NnAS NCASLG puSD-ES O0p Ao|A AHASS'
Armour and the packing companies are
the only packers buying hogs,and thelatter
left the market before noon to-day. There
was 4 fair business in mess pork and
prices fuctuated considerably between
marrow limits. The market opened strong
under the influence of tne Armour report
referred TO yesterday, and prices advanced
5@10o. Later 1o@1215o of q decline was
Submitted to, which was finally overcome
and the market closed quite firm at out
side prices. February and May options
received the most attention, bnt Armour's
brokers bought some March pork. Lard
moderately active and an advance of so
l0c was secured. Short ribs were in mod
crate demand at an advance of 2A@5c
per 100 pounds. Ribs and
lara we're firm on call and closed steady.
Pork scored little advance and closed
firm on the curb---bid February S14 55;
May $15.07I. Crittenden & Harvey say
the demand is picking up again for cash
meats, and things bear more hopeful
3 paooooL.