Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-10
SLIGHT IMPROVEMENT IN WHEAT.
Corn and Provisions Still Holding
Their Own, and Slightly Higher.
THE NEW EXCHANGE BUILDING.
Magnificent Office Structures to Sur
round Its Site.
CHICAGO.
lSpecia ial Telegram to the Globe.


prices and frmer feeling sprevailed than
on Saturday. Provisions evinced weaker
tendency. On the regular board No.
wheat was unsettled and quiet, but closed
M@15 cents higher. This advantage,
however, was lost on the call board later in
the day.
Corn was frmer and showed marked
advance.
Oats improved slightly, barley was un-
changed and rye was dull. Although
the present delivery of mess pork
sold up somewhat, the futures
showed further, but not
important. decline. Lard eased off again,
and the downward tendency continued
during the afternoon. In regular wheat a
fair business was transacted On speculative
account. and the market was toierably
steady at the current range of prices, fuctu-
ations being confined within rather small
range. The receipts were moderate and
shipments quite large. Foreign advices
quoted quiet and steady set of markets,
and New York was frmer. Prices fuctuat-
edwithin range of about 11sc, and finally
closed about 15c higher for October
&c higher for November and 1sc higher
for year than the closing figures OF
'change Saturday. On call, although mod
erately active, prices weres a shade lower,
October easing OF 11sc and November &c.
Spring and winter were in moderate. de-
mand, but a trife easier.
Flour showed no change. During the
past week wheat has ruled moderately
quiet, and prices quite steady. The re-
ceipts exceeded the shipments by
about 100000 bushels, and the
trading in cash or October was
rather slack and gradually weakening
as compared with other options, falling
4c discount on November to ~ c discount.
There was a fair degree of activity in the
long opt ions, and though prices changed
frequently, the tendency was upwards,
though the improvement during the whole
week was only &c and part of this was
subsequently lost. The shorts were caused
some anxiety by reports that some strong
parties were liberal buyers with the de-
sign of working another squeeze in the
market. Compared with prices a
year ago the market now seems to be ey-
ceedingly low. year ago cash or Octo-
tober No. wheat was $1.35. seller Novem-
ber $1.3Sl{ and seller the year s1.35. Now
the prices are cash or October $3.50, seller
November 95l4c, seller the year 9512c.
Corn to-day was quite active, and the
feeling developed was stronger, accompa-
MED with higher range Of prices. The
receipts continue small, and there was a
good demand from the short interest, be-
sides a good demand from other sources.
Shippers bought quite freely, and cash
offerings of all grades were taken quite
readily. Foreign advices without spes-
cial change,and New York was frmer. The
market opened about 1a@34c higher, and
ruled easier, declined 1sc then rallied
under sharp demand 1910, eased off a
trife. fuctuated and finally closed 1Bc
higher, for cash and October, 11ac higher
for November, 1 1sc higher for year, and
about &c higher for January and May de-
livery than the closing figures on change
Saturday. No. 3 was in good request Oh
call. prices were advanced I@1ac, Octo-
be closing at 6378@64c. Corn has
maintained g steady upward movement
for week past. Up to this morning Octo-
Der was 5 C higher than at close a week
ago. November &c higher; January 2$8c
higher: year &c higher and May 1880 high
er. The improvement commenced with
the opening OF business on Monday, and
advanced with frequent fluctuations Sc
31ac on the several options, closing at
nearly The outside figures reached. The
primary cause of the firmnes5 was the light
receipts, which were only $1,000
bushels against 1,250.000 bushels
the week previous, with the
shipments over 100000 bushels more than
the receipts. This had tendency to
alarm the shorts, and their anxiety was
still further Increased by the freedom with
which strong parties were buying, and the
steady growth OF the bull feeling among
SPECTATORS There was consequently a
charp effort of the shorts to buy in, and
to this cause the advance was mainly at
tributed.
There was fair speculation business
reported on the market for hog
products, but the feeling was somewhat
unsettled and prices irregular. At the
opening the market was stronger, and
slightly advanced prices were realized for
the leading description, but the offering
for future was largely increased, and
prices gradually receded to the inside
range. Later in the day the feeling was
stronger again, and the greater portion ct
the reduction in prices was recovered.
Foreign advices indicate no particular
change, and the eastern markets were
easier. Shipping demand fair. The re-
ceipts of products were moderate, and the
shipments liberal of all kinds. The de-
mand for pork was fair, but prices
ruled irregular. Early, sales were
made at 5d 10c.. advance, but gradually
declined 30@40, on the whole range.
Toward the close prices rallied 15@25c.,
and closed steady. Cash steady and firm
at $22300 $23.35c. On call prices ad-
vanced 21a@5c.
The demand for lard was fair, and the
offerings liberal Prices receled 100
l215c during the early part of the day,