Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-19
HOGPRODUCTS STRONG & ACTIVE,
The Indications Favoring Steady Prices
and Large Packing Operations.
OPERATIONS IN WALL STREET.
The Northwestern War-A Conference
in st. Paul To-Day.
CHICAGO.
Especial Telegram to the Globe. ]

higher to-day, the weather and all outside
influences tending toward an upward
movement. Toward noon, however, the
sun made its appearance, receipts proved
to be larger than usual, and the idea that
a European war is to occur and affect
prices, was laughed at. Taking advantage
of this the bears made concerted effort
| to depress the markets, and to an extent
succeeded in so doing. Early in the day
corn sold 1c over the closing figures on the
board, but in the reaction it lost this ad.
vantage and o further cent and three
quarters. Year corn was an exception to
the other deliveries, holding its own
through the period of weakness, and clos
ing but trife under Fridays prices. The
decline in wheat was lost consequently.
The corn market to-day was exceedingly
nervous, though fluctuations in prices Gov
cred rather moderate range. The move
ment YVES very irregular, and speculative
trade was very unsettled throughout the
session,the changes experienced being more
than usually frequent. Seller The year was
again the leading feature with
NONGLuOCC WAS cUSlSE tudll
yesterday, and closed lie lower than
yesterday on 'change. Year averaged
5000 higher than yesterday, but closed
&c lower. TIE latter futures were frmer,
but closed a c lower. In the speculative
branch of the market the trading was quite
active. Cash corn was 1@1Hc lower, but
comparatively steady under fair demand.
The wheat market was quite steady.
Fluctuations experienced were confined to
moderate range, and the prices at which
the days business was transacted were al
most the same as the figure realized ton
Change yesterday. The trading, however,
was little slow, and at times during the
session comparatively quiet feeling pre-
vailed. December, January and May were
the favolite futures with traders. At the
close November was 10 lower than yester-
day, December &c, January &c, and May
&c. Winter was in fair demand, but
prices unsettled and somewhat easier.
Spring,was tolerably finn and in moderate
demand.
Flour was steady and firm. There was a
moderate demand, chiefly on export &C
count, but the local trade is light. Choice
spring and winter wheat fours and low
grades suitable for the export trade, we're
inquired for to some extent, and supplies
not large.
There was a fair trade on speculative
accoun! for oats. The receipts we're light;
early in The dey prices were higher, but
the reaction brought them down very
close to yesterdays close.
Receipts Of rye we're light, and demand
no better. Prices are firm. Barley is
quiet and somewhat easier.
The ms -ket for hog products was active
on speculative account, and the shipping
was fair. The feeling was unsettled, and
the range of prices averaged lower on all
the leading articles. Foreign advices
showed red action of I'd in pork and an
advance of Sd on lard. Eastern markets
steady. The receipts of products we're
fair, and the shipments quite large of all
kinds. The inquiry Tor mess pork was &C
tive and the offerings free. Prices were
weak and LOG 15c lower. Cash quiet. The
demand for lard was moderate and the Of
ferings fair. Prices were easier and de-
c.ined 5@1O per 100 pounds and closed
weak, cash in moderate request. Indica-
tions of large arrivals of hogs next week,
Influenced the product market. Only
$4,000 were received today, and sold read
lily Sc above yesterdays figures.
The past week has been charac-
terized by fair activity in
provision circles, and, while values have
Auctuated to quarter or less degree, the
changes, as rule, we're not radical, ex-
cept in one or two instances. The con.
sumptive demand is reported good, and,
while the weather has not been favorable
for shipping part cured products, there is
no fully cared to speak of here. The outgo
shows up quite literally, especially of lard
and the outgo would probably have been
considerably larger had the weather con-
ditiors been more favorable. So far it is
reported that few deliveries on November
contracts have been made. In the case OF
pork, week ago cash was selling at a
premium of 81 Ger barrel over the Novem-
Der option, but now there is no premium,
and while some deliveries were made dur
ing the week, the receiver generally found
buyer for the property to send out to the
consumers. Indeed, some purchases were
made of November some time ago, by men
who wanted the property to ship, but did
not feel justified in paying the large
premium, but are anxious to have the pork
delivered them now. Cash lard still COM
mands small premium over the Novem-
Der option, and the shipments are large.
As compared with the closing prices on
change one week ago, cash mess
pork shows decline of 81
per barrel, while November declined soc
per ba; rel and the longer options 5@1Oc
per barrel.
There is nothing very new regarding
hogs or products. We are having I'M
seasonable weather, and this tends to cur
tail shipments of products and retards in
terror packing operations so that fewer
hogs are being killed at country points,
and consequently more are coming to the
leading packing points. Some prominent
operators whose opinions are well worthy
of some consideration, profess to believe
that the extent of the hog crop has been
GENERALLY underestimated. and point to