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

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 bust
ness. On the board wheat sold sl@1Ac
higher than on the preceding business
day; corn H@15sc higher; oats A@1c;
pork 20@ SOC, and lard 10@ Zoe. On call,
however, under the influence of liberal of
ferings' wheat declining 1s@4c from the
closing figure at 10 o'clock, pork was cas-
Ter and lard shade lower. Corn, however,
continued in active request, and sold up
I@1ac 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 ,frmer. Our
receipts show ali increase, but the arrivals
were for forty-eight hours. The market
opened firmer and ll91sc higher, ruled
strong and advanced in all 11a@i5sc 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 3sc, fluctuated, and finally closed
about &c higher than the closing figures
Saturday. The futures advanced in about
the samedegree, November, December and
year scoring gain Of about 115c. On the
call board, the offerings were 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 -four market showed no particular
change, being steadA and the inquiry linn
tied.
The corn market vsps again active, and
the feeling considerably unsettled. Prices
ruled higher, with the advance again most
marked for the year futures which attract
ed tho most attention. .
The weather Yves cloudy. and reports Of
rain IN the west were received. Shorts
were anxious 10 provide for their out
standing contracts, and the demand en-
speculative account was active. Ship
pers operated only to moderate
extent. The market closed A@1c higher
than closing figures on Change Saturday
ruled somewhat unsettled, and then adj
vanced after some fluctuations to point
11ac higher for November, 23sc higher for
year, and 1h@1Ac for next years deliv-
cry than the closing figures Saturday, then
eased off a trifle, and finally closed about
&c higher for November, 111c 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 q million and a half bushels
changed hands. Reports from various
sections of the country are to the effect
that there is feeling prevailing among
farmers in ell 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. II
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 $25. An active demand prevailed
for hog products, and the market ruled
strong during the greater part of the SEES
sion, accompanied with material advance
in prices for all the principal descrip.
| tions. Spectators purchased quite free
~. 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. The receipts OF
produc. 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 100000 along the whole range.
cash being quoted at the close at $24.50@
24.7O. On call the activity abated some
what, and prices eased of, October losing
15c of its gain, and selling at $24.300 24.35.
November declined SC. December i'm
proved 10c., year declined 1Oc, 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 $13, November gaining 15c and
later futures 90 Ice. On call there
was q slightly easier feeling, bui
October closed at SI297L