Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-30
UNEVENTFUL.
Nothing OF Note in Any Of the Chicago
Markets Yesterday.
LITTLE DEMAND FOR CEREALS.
The Downward Tendency Of Pork Dur.
ing the Week Just Closed.
HOW THE BITTER WAS BIT
A Good Story Oh N. X. Fairbank-HoN
Chicago lost an Art Museum.
Especial Telegram to the Globe.

lOpec1al Telegram TO tno GlODe.
CHICAGO, Oct. 18-To-day has been an
other uneventful day on Change. dull is
a moderate expression of the condition of
affairs. During almost the entire day the
markets were weary and fiat. There was
little demand in any direction. even at
shaded prices, and trading was light. Just
before the close, however, the grain market
plucked up little courage and perhaps the
storm prevailing had something to do
with the change. Be it as it may, wheat,
corn, and oats closed a trifiing fraction
higher than on the board yesterday, and
really showed some firmness. Pork at the
end of trading on the board was about
where it sold yesterday afternoon after its
weakness on call, and lard shaded its
prices then somewhat. Regular wheat
was quiet and easy. Early in the session
prices were about the same as at the close
yesterday, but there was quite pressure
to sell with very little disposition to buy,
and other markets being reported dull
and lower, prices gradually fell off ~ 1c,
then reacted &c, afterwards fuctuated
within a narrow range, and at the close
was about &c better than it closed at
o'clock yesterday. November unchanged,
December unchanged and May
about 3sc higher. Spring
was again lower, and but in moderate de-
mand. There was difference of I@Ic
between regular and receipts dated yester-
day, as the latter carry into November
without extra storage. Winter was weak
and nearly cent lower. To-day flour was
holding up firm, and there has been sutf-
cient demand to keep the market well clear
of stock, and to give steady tone to the
trade. Local buyers were looking after the
finer Minnesotas and the better winters,
while shippers were bidding for the good
and sound sacked lots for either winters or
springs, and the lower grades were bring
ing relative rate. Rye -four was fair
sale; buckwheat -four was easier; bran and
all mill stuffs wefe in light supply and do
ing we'll.
Only moderate business was reported
in the market for hog products, and the
feeling was weak during the greater por-
ton of the day, and prices favored buy
ers, though near the close little more
steadiness was manifested. Trading chief
ly on speculative account. Shipping mod
crate. Foreign advices were little more
favorable, and lard was quoted Cd higher.
Eastern markets steady. The receipts
were fair and shipments of all kinds
large. Mess pork was moderately active
the offerings were free, prices declined Is
@20c during the early part of the day
rallied again 10@15c, and closed
steady. Lard was steady and offerings
liberal. Prices ruled 21a@5c
lower per 100 pounds early, closed steadier
and speculative trading was active in the
market for hog products during the week
just closed, and the result of the business
plainly exhibits marked reduction in the
prices of both hogs and product. Pack
ers. while apparently quite anxious to
keep their houses running to their full
capacity, are not inclined to open the
packing season at the prices of hogs,
which have been current the past two or
three months, consequently they have in
duction in prices, and have refused to pur-
chase to any extent except at their
own figures reduction on
the ruling prices of the week
previous. With declining hog market in
view, the shorts observed a favorable op-
portunity for hammering the market for
product, and prices were forced down
quite rapidly on all the trading specula-
tive descriptions. 1t is evident that pro-
ducers are not satisfied with the present
prices of hogs, as receipts are falling of,
which had led many operators in product
of all kinds for delivery after the close of
the year, to hold with more steadiness
comparatively, than product for delivery
within the next sixty days. Stocks in all
the principal manufacturing and distrib-
uting markets are extremely light
in the aggregate - are the
smallest known for years. Prices of hogs
and product are about 10 per cent. higher
than one year ago, which is equally true of
corn, but all other articles in the grain line
are lower. The foreign trade so far is ex-
tremely light, and the outlook is not now
very favorable for much enlargement in
the trade from that quarter, as the home
supply of hogs is generally reported
large. In Great Britain and Ireland the
increase is about 100000. The domestic
demand for hog products will, no doubt,
be good during the next six months at
least. or until the supplies are increased
considerably. There is little doubt but
the supply of hogs is about
10 per cent. less than last
year. The surroundings of the trade
are such that the future is decidedly un-
certain. Indeed, few, if any, operators
seem to possess any very certain views as
to the probable outcome. It is probable.
however, that after the market RECEIVERS
from the nervousness of the last few days.
values will rule more steady. There is not
a plethora of hogs. and while there is good
reason for anticipating an increased crop
for next summers market, the reduced
supply for the winter must cut some fig
ure in shaping values. What speculation
and manipulation may do remains to be
seen, but there is certainly nothing in the
situation to warrant very low prices when
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