Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-17
CORN AND PORK SOME HIGHER.
The Other Features Nominal Vnde,
Moderate Trading.
REVIEW OF THE PAST WEEK.
Small Receipts and Heavy Shipments of
Corn and Hog Product.
Especial Telegram to the Globe. I

the shorts being the principal buyers and
absorbing all offerings. On the regular
board good advance was secured in all
markets. Although the highest figures
were not sustained in the afternoon, yet the
quotations at the close OF the day were
higher than at the end of Saturdays busi-
ness. On the board wheat sold 9IG1%c
higher than on the preceding business
day: corn 1a@15sc higher; oats 2@1c;
pork 20@ soc, and lard leg zoe. On call,
however, under the influence of liberal Of
ferings' wheat declining 1s@Ic from the
closing figure at 10 o'clock, pork was cas-
ier and lard shade lower. Corn, however,
continued in active request, and sold up
I01ac further. Oats also were firm and
steady. For regular wheat quite en- active
speculative demand existed, and the feel
ing developed was stronger and prices
higher. Foreign advices were favorable,
and New York was reported frner. Our
receipts show ali increase, but the arrivals
were for forty-eight hours. The market
opened firmer and lli@1ac higher, ruled
strong and advanced in all 11a@15sc over
the closing figures of Saturday. The de-
mand was good from the speculative inter-
est and the offerings not large. Later the
market eased off trife, prices receded
about 3ac, fuctuated, and finally closed
about 1 &c higher than the closing figures
Saturday. The futures advanced in about
the same degree, November, December and
year scoring gain of about 115c. On the
call board, the offerings we're rather free,
too large, in fact, for the advance to be
fully sustained, and the market eased off
slightly. The demand for spring was
good, and although the receipts were
heavier the market was frmer and
higher. Winter was in fair
demand, and firm ht Saturdays. price
The flour market showed no particular
change, being steady and the inquiry lin
tied.
The corn market vas again active, and
the feeling considerably unsettled. Prices
ruled higher, with the advance again most
marked for the year futures which attract
cd tho most attention.
The weather was cloudy. and reports Of
rain IN the west We're received. Shor; S
were anxiou5 10 provide for their out
standing contracts, and the demand en-
speculative account was active. Ship
pers operated only to a moderate
extent. The market closed 4@1c higher
than closing figures on change Saturday
ruled somewhat unsettled, and then adj
vanced after some fluctuations to point
11ac higher for November, 233sc higher for
year, and 11s@1Ac for next years deliv-
cry than the closing figures Saturday, then
eased off trife, and finally closed about
q higher for November, 11hc higher for
year, 124c higher for January, 1c higher
for May than the closing figures on Change
Saturday. The demand was almost entire
ly speculative, shippers buying sparingly
at the advanced figures. The cloudy
weather and reports of heavy rains in the
west had perhaps some influence on the
market. On call the cereal was even in
greater request, and Notwithstanding the
little drop in wheat and provisions, made a
very perceptible advance in the face of
the unloading of over 100000 bushels on
the call board below, which amount was
eagerly taken by the shorts. Of year corn
alone million and half bushels
changed hands. Reports from various
sections of the country are to the effect
that there is a feeling prevailing among
farmers in all sections that the extent of
the crop of 1882 has been overestimated,
and that they can realize most from their
corn by holding it until next summer,
when many of them expect to get 75c. 1t
is probable that many farmers who can
afford to do this, will. The high price of
hog products is an argument quite con-
vincing to those who advance this argu-
ment
Oats showed an encouraging advance to-
day, largely influenced by light receipts
and the conditions of other markets.
The boom in provisions has not yet be-
gun to abate, pork coming very near
touching S25. An active demand prevailed
for hog products, and the market ruled
strong during the greater part of the ses-
sion, accompanied with a material advance
in prices for all the principal descrip-
tions. Spectators purchased quite free
ly. The shipping demand was rather
light, and offerings for immediate delivery
rather small. Export demand for meats
for future delivery fair, and few transac-
tions were made public. Foreign advices
more favorable, and lard quoted &c higher.
Eastern market Armer. Tho receipts of
prodae. were light and shipments quite
large, especially Of lard. Although
the offerings Of pork were rather
free, tho demand was in excess, and prices
advanced 3O@4Oc along the whole range.
cash being quoted at the close at s24.5O0
24.70. On call the activity abated some
what, and prices eased off, October losing
15c of its gain, and selling at $24.300 A35.
November declined SC. December i'm
proved 10c., year declined 10c, and the other
futures about SC each.
The trading in lard was rather slow, and
the offerings liberal, but prices advanced,
Notwithstanding cash and October closing
firm at S13, November gaining 15c and
later futures 5@1Cc. On call there
was slightly easier feeling, but
October closed at S1297L