Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1884-01-03
FEVE8ISH TRADING.
The Chicago Markets Show Mere Ae-
tiYity Than for Several Days.
WHEAT SOMEWHAT WEAKER.
Evidences Of Corner in the January
Corn Option.
PROVISIONS AND LIVE STOCK.
A Slight improvement in the Wall
Street Share Market.
SOMEWHAT WEAKER.
PROVISIONS AND LIVE STOCK.
CHICAGO.
Especial Telegram to the Globe

ing. The orders from the out.
side were large and apparently
about evenly divided, which gave an
appearance of activity which has not bean
seen for some days. Gables and adyices
from New York and ST. Louis had no ef-
feet upon prices, waich were govern ed
solely by the local operators. Their &C.
ton, however, wes to certain extent in
Auenced by the report of stocks on hand
here, which were posted as, wheat, 11,S00,-
AS bushels, corn, $3.50, 1884, oats, 1,481, All,
rye, 1,59O,872, barley, S65354, being an in
crease during the week of 1884, ,235 Of wheat
and $1,000 of eorn-more wheat and
less corn than was anticipated. Every
one seemed to be sellers at
the start and wheat took a tumble of 4e,
then rallied and closed %@11sc lower
than on Mondays close. The May option
was the most active and early large lines
were sold, N. B. Ream and Nat Jones being
the heaviest operators. During the ses-
sion there was one sale made at $1.01I
and the highest point reached was $1o256.
The bears are again taking 85 cents for
wheat on the crop. The deliveries on
January contracts were large, but they did
not develop any influence upon prices, as
they all seemed to get into one pot, the
carriers.
The outside orders and a general feeling
of buoyancy pervading the corn pit at the
opening fixed prices higher than they
closed on Monday, but large orders to sell
and the utter demoralization of the mar
ket for January, sent the market down,
January 21s@24c, February 2@215c, and
May 4c below the opening. There were
very large lines closed out, and the bears
had it all their own own way for while.
May sold down to 5778c, and January to
54c and few trades at 53Tc. 1t then be-
CAME known that Schwartz & Dupse we're
taking and paying for all the corn that
came to their Office on January contracts,
and the feeling changed. The market
rapidly advanced, January 24c, February
20 and May 14c, and at o'clock closed
1ss higher for January, 1Ac lower for
February and unchanged for May in COM
| parison with the closing hguiss on Mon
! day. On the call corn went 1so, Ne
| higher and closed firm. During the day
the deliveries were moderate, and if any
one had any doubts sboat
the existence of corner in JAN
uary corn and it's control by
clique saoh doubts must have been dis
| PEELED not only by the action of Schwartz
| & Daprse, but the movements of others.
| For instance, parties having $4,000 or
| 100000 bushels of corn coming to them
would receive oaly 5000 or 10000 bushels.
| Crittenden & Harvey tersely write: sWe
| advise buying corn on all declines" Said
broker: "Had it not been for the weak
ness of wheat, corn would have advanced
to-day" A. R. Bliss was one of the larg-
est buyers on the break.
Only 5000 hogs to-day, and good pack
ing weather, and packers were forced to
pay 2O@25c advance. The provision side
of the house openened the years business
with an advance all around in pork pro-
ducts. Advices from the east showed but
little change, while foreign advices quoted
pork 2s higher and lard Sd higher. Feb
ruary and May pork opened with an ad-
vance of 5@71ac and gradually went up
15@2Oc more. Under heavy offerings and
in sympathy with grain the marke, went
off, but finally rallied and closed qeite
firm. Lard followed in the same
| line. Short ribs are comparatively neg
| lected. There seems to be a very wide
difference of opinion in regard to the
stock on hand, and hence there is good
deal of wariness on the part Of specula-
tors.
On the curb tonight there is q better
feeling than has characterized that depart
ment of trade for some time. Still the
bears are quite confident of seeing $50
wheat and 50 cent corn between now and
May.
There was no change in the flour market
worthy notice, shippers were not buying.
The stock of -four in Chicago is reported
at e2,427 barrels against 1896 one month
ago, and 9O,217 barrels one year ago.
Railroad agents report freights steady on
| the basis of SOC. flour, SOC. grain, and 35c.
| provisions.
At the stock yards the receipts of cat
tie were light and the demand active. The
prices paid were considerably higher than
son Monday, and ought not to be taken az
! the Current rates, as for instance if there
had been 6,oeo to-day instead of 800 it is
morally certain prices would not
have ruled SO nigh. About
all the receipts yesterday and to-day
were quickly bought up, buyers complain
ing that there were not sufficient on sale
to make up their orders. Upon the extra
ordinary light run of hogs prices seemed
to advance by leaps and jumps. many
claiming the advance since Monday,
taking the quality into consideration,
which was generally poor, was 100000,
some claiming 400 higher, but shippers
should pay little or no heed to this ad-
4 vance, as it was brought about by the light
receipts only. There we're but two packers
buying during the morning and had there
been 10000 instead of 5000 there would
, have been no advance. Shippers and
| speculRtors bourht about all the arrivals