Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-15
ROYISIONS FIRM AND SCARCE.
A BEAR RAID IN STOCKS.
All of tllc Gauld Shares Hammered
Fill They Dropped.
CHICAGO.
lSpecial Telegram to the Globe. |

iNfOO
CHICAGO. Oct. 1.-THE week ended on
'change with the bullish tendency FREEDOM
inant. That yesterdays advance through
the entire range of the markets should be
sustained was to be expected, notwith-
standing its amount, for the same infu-
eneesIwere at work to-day, and it is a gen
eral rule that as Fridays markets are Sat-
urday's will be. Unexpected causes, of
course, may cause wide divergence, but
the rule holds good five times out of six.
To-day corn was active and uncertain, but
higher. The near deliveries were slightly
easier, but the winter futures re-
ceived greater attention and advanced
strongly Wheat, although quiet, contin-
ued its upward movement. Rye was steady,
Barley dull, and provisions active and
higher. Regular No. wheat was not very
active, but prices were generally stronger,
though not fully sustained, and at the
close cash or October was about 1c higher
than at l o'clock yesterday, November
about &c higher, December lie higher, and
year &c higher Early sales were at about
1c advance over the closing figures at
o'clock yesterday, ruled rather firm, and
sold up some, then became easy, and fell
irregularly about 1ac afterward, fuctuated
within moderate range, and closed as
above stated. The fluctuations were COM
paratively small, being only about 11ac on
November, sc on December and sc on
year. Winter was III fair demand, firmer
and 11ac higher. Spring was also in con-
siderable request, and shade frner all
around The flour market was quiet and
trading less brisk, still with firm prices
quotable, and the supply of the better
family and bakers brand higher. The
movement has been more liberal, and
shippers bought quite freely this week. Rye
-four was fair, with sales at $3.50 q $50 per
barrel. Ruckwneat -four was scarce and
quoted at SO per barrel. Bran and all mill
stufs were in only fair supply and going
out quite readily at steady prices.
Corn was unusually active, and the feel
ing was considerably unsettled and at
times excited, accompanied with a higher
range of prices. Demand chiefly on spec
ulative account. The year future attracted
the principal attention, and the advance
was most marked for this future. The
market opened unsettled and frmer, and
quickly advanced to point l q lac higher
for October, 20 q C higher for year, and
11ac higher for January and May. The shorts
bought freely, and trading was very large
at the advancing scale of prices. At the
advance mentioned there was more desire
to realize, and under free offerings prices
declined 1 4@13sc for November, 1@ 1sc
for seller the year, and about 1ac for next
years futures, fuctuated and finally closed
about lie lower for October and Novem-
Der, 111sc higher for year, &c higher for
January, and &c higher for May than the
closing figures on change yesterday. The
strength in corr the past two days is
a surprise to the bears. They had counted
on their fingers over 100000 bushels
that had been sold the day before in big
blocks, to say nothing of a multitude of
smaller holdidgs, and thoughHthe strength
must.be all knocked out of the deal The
facts in support of the other side were.
however, eognant arguments. The visi-
BILE supply at the close of last week is
SGdGcO do SV0.Doe tUS uc1e7 bEAAAR q AOSANdoO
of some $4,000 bushels over the previ-
Gus week, rate which would exhaust
stocks in six weeks more from date, and
there is reason to believe that
the quantity in sight has
decreased more this week than it did last.
The present quantity compares with H.
$4,000 bushels a year ago, and there was
then heaps of old corn in first hands,
which does not appear to be the case now.
Advices from the south certainly do not
warrant the belief that we shall soon have
any new corn that will grade No. here
outside of quantities SO small that they
should be regarded as samples rather than
supplies. The trade, too, has been now
very much inclined to discredit the claim
of 1,600, 100000 bashel crop. The failure
of the market to break as they had
expected caused some who had unloaded
the previous day to think they had better
buy back. They took about all that was
offered till the market nearly touched the
top, and then fell back, while the shippers
took all the spot offerings and wanted
more. The relative strength for the year
was understood to be due to the growing
conviction that year sales cannot be filled
with new corn.
The demand for hog products was active,
and the offerings were free. The market
exhibited considerable firmness, and prices
on the whole range averaged higher. Ship
ping demand fair, but orders
generally for small quantities. Foreign
advices rather more favorable, and lard
quoted Sd higher. Eastern markets were
steadier, and prices more favorable to
sellers. The receipts of product were
light, and the shipments fair of all kinds.
The inquiry for mess pork was fairly &C.
tive, and prices were advanced 5@1Oc, and
the improvement was moderately well
maintained. Cash in moderate demand
and firm; October in moderate request;
December quiet; year in fair demand.
January was quite actively called for, and
closed steady. It is believed October pork
will pass SIS, but that November
cannot be sustained. The little syndicate
will realize what it can out of its squeeze
of October shorts, but next month the re-
ceipts of hogs will bear prices. and the