Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-17
s,oRN MORE THAN HOLDS ITS OWN.
Large Receipts Of Cattle and Hogs
Packing Commenced in Earnest.
BEARS ON WALL STREET RAMPANT
Coed Purchases at Low Figures Raid
on Wabash and Canada Southern.
CHICAGO.
Tsoscia. Telegram to the Globe. ]


CHICAGO. Nov. 16.-Althoughl no phe-
nominal change occurred in any market
on change to-day, all closed higher than
Yesterday. The stronger feeling which
then sprang up continued. The tendency
in the latter part o. the day was still auP-
ward, excepting only in corn, which was
trifie unsteady by reason of the throwing
on the market of a large quantity OF this
cereal by bull operators. with view to
check the advance Should the present
inclement weather and the reports now
coming in. of the small amount OF new
corn yet ready to grade up to No. con-
tinue, further rise may be apprehended.
In wheat the strong feeling
that has lately characterized this market
is still maintained. To-day the tendency
of the fluctuations was again in an up
ward direction, though the changes ex-
perienced were confined to a moderate
range. and the advance established to
small amount On the November future
the improvement over yesterdays closing
figures on change amounted to &c and on
the later months traded in to &c. The
trading was fair, though largely on local
account, the principal buyers being ap-
parently parties short on the market. De-
cember, January and May were the favor
ite futures The receipts were quite small,
and helped to strengthen the strong feeling
prevailing. At the opening wheat was
sold at yesterday afternoons prices, but
an advance occurred early. Still this mar
ket was steallier ard about SC higher than
on the regular board as quoted above,
and something over half million bushels
changed hands at the advanced prices.
Spring was in good demand and frmer at
better prices. The receipts were also small.
Winter was in active inquiry. but sparing-
ly offered and at higher figures.
Flour to-day is quiet but held steadily.
There was little better demand for the
export trade, ,and the frmness in wheat tends
to create more frmness among the
dealers IN flour. The cold weather has
stiffened the buckwheat. All stocks are
light. Bran and n,illstuffs are lighter in
supply and doing well.
The corn market was again higher. The
feeling was somewhat nervous, yet the
speculation demand was quite active, and
the upward movement witnessed was toll
erably we'll supported throughout. Prices
all round averaged about 1a@Ac higher
than yesterdays figures on change, and
for the futures traded in closed at an ad-
eance of 11ssc on November, 1sc on year,
and and sc on January and May. Year
was again the favorite fu-
ture, with traders and commanded the
principal attention. Speculation was to
more than an ordinary extent on local ac-
count. The receipts were only fair for
this season. Cash No. 2 and high mixed
ruled 1l915c higher. All high mixed sold
during the season at 71Ac, though gener-
ally No. 3 and high mixed sold at the same
prices. The days sales of cash corn were
under fair average, though early the de-
mand was quite good. At the opening on
the board the prices were 3s@1ac higher
than yesterday. A gradual further appre
citation of 10 occurred, but the market
weakened and dropped 10. afterward raj.
lying about 1sc, and closing quiet. On
call under free offerings prices were again
a shade easier and about 1sc lower fol
November.
In oats the feeling was stronger again
but somewhat nervous, and prices ranged
higher all around. The receipts were only
moderate, smaller than usual and there
was good demand from the speculative
interest. Shippers also bought fairly
but confined purchases to sample lots
On the call board oats were in good re
quest. but prices were not quite S,
strong.
In barley little better demand existet
and prices ruled higher The receipt
were smaller. which partially accounte,
for the irmness. There wa
also more speculative interes
developed. Sample lots in light suppl
and demand good.
The market forrye was again frmer an
1ac higher. Receipts were small, deman,
good, and holders disinclined to sell.
Notwithstanding the arrivals of hog
to-day were the largest for many month
past and the quality good, prices for tn
raw material averaged but a little lowe
than on Wednesday, and the produce ma,
ket was higher and stronger. It is cor
ceded that there is little lard or meats tha
will be ready for delivery the preser
month, the spot demand being very goo
and values of the various options have Al
simulated. A good demand prevailed fo
products, and an increased business We
reported for all the leading description
Spectators purchased very freely, an
shippers also bought to fair exten
though orders were generally for smallt
quantities. Prices were stronger and f,
voran.e to sellers, and averaged higher o
the whole range. Foreign advices we,
less favorable to holders, and pork VIZ
quoted Is lower. Eastern markets we,
steadier. The receipts of products we,
rather light, and the shipments moderat
The demand for mess pork was active an
the market ruled stronger and prices a,
vanced 15g20c and the i'm