Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-06
PROVISIONS BADLY CORNERISn.
Armour and Hutchinson Owners OF
the EEtire Stock on Hand.
THE NEW ISSUE OIL. .&N. STOCK.
SpecuiatiSns as to the Future Course Of
Railway Shares in Wan Street.
CHICAGO.
Fs.ecial Telegram to tie Glos,.

AE1N.4IO. OcI. 0.-lRc m2906LS on
schange for the leading cereals and hog
products were again fr1ner and higher to-
day. mainly, however, on account Of spec
ulative influences. Regular wheat was Il
to 7se. higher: corn advanced 3 to 11ac.;
oats'52 to &C.; mess pork zoe. and lard 5
@loc. As bear remarked to your cores
ponaant, it is getting to be safe venture
to lei your money on the side your knowl-
edge and common sense argue cannot win.
A iSttle time ago corn wasswsvering alter
nasely going up for fear OF frost, and
tuzhbling down again becaEse Of the grow
ing weather. At last the
dreaded frost came and that
cereal, instead of climbing right
up as it ought to according to all tradi-
tions, fell right off. To-day, with the ther-
nometer at IS, corn vases bullish as if it
were settling day of a big corner. There
is an active speculati~ezdemand for wheat
no. 2 sold up to 95c, hut eased off some
what on call under more liberal offerings,
and closed at about a4S4c. November at
aone time sold at 96c, but eased off quar-
ter. of cent. There was more desire on
the part of speculative operators to buy,
and the foreign adNiess were favorable.
Winter was in activesdemand early, and
advanced strongly; touching 81, and this
had its influence on No. 2. The receipts
were only moderate, and the shipments
exceeded the income nearly $4,000 bushels.
Flour was steady and firm and in moder-
ate demand, Local isbbers made a few
purchases, but generally bought small
amounts. Later in tie day lower grades
weakened a little, anl trading was more
active. Stocks contiE7e light.
In the corn pit an active speculation
was again transacted, and the shipping de-
mand was also very geod. The feeling was
somewhat unsettled, and prices subject to
numerous fluctuations and averaged higher
all around than yesterday. The receipts
were small, and as all offerings appear to
be taken up readily fer shipping purposes.
NShoFts were rather more disposed
to provide for their outstanding
contracts. Yesterday afternoon
on the call there was somewhat of an &d
vance established, an6 this morning the
market ruled shade. Lower at the opening
and declined after soEse fluctuations k@
S$S4c below early prices, then commenced
ito rally and advancedg 4@11ac, factusted
and finally closed about 12lc higher foe
seller; October and cash, 115c higher for
November and year, and &c higher for
next years delivery than the closing fig
Eres Ion change yesterday. On call the
offerings were free, an6 prices ruled lit
tle-easier. The sales reported on the call
board aggregated million and third
bashels,
Cash oats were scarce and demand very
fair. There were also fair orders on the
market for futures. Seller November
IN particular was in good request. These
features. coupled with the Improvement in
other cereals, created a firm market
ana prices were higher all round. In the
afternoon further advance of 16@ Me
was sustained.
The boom in provision does not abate
one whit. The demand for hog product
ions was quite active, and good business
was exported. Sellers, while Offering prop
erty rather freely, were a little more inde-
pendant in their views. and frmer feeling
prevailed, accompanied with a moderate
advanae in prices for all the leading arti-
cles. The shipping demand viss fair, but
offerings for immediate delivery were
light. Liverpool reports were a little
more encouraging to holders, and
lard was quoted Cd higher. Eastern mar
kets were stronger. The receipts of pro-
ho oh; ,<e
fair. The enquiry for mess pork was ac-
tive, and the offering free. Prices ruled
stronger, and We're Advanced 1O@15c on
the whole range, aud closed with consider
able steadiness.
Pork was the great center of attraction
and commanded more attention than eth
ser lard or meats. The,dayT upward Rove.
ment was also more marked in mess forh
4han in any other department of the trade
Ksvember and the iate winter futures were
regarded with most favor BY buyers. On
call prices ruled irregular, the gear options
weakening somewhat bnt the winter DE-
ive.ies stiffening wonderfully.
The demand for Lard was brisk, and the
offerings were liberal "A: frmer feeling
prevailed, and prices advanced. On call
prices were shade higher, the gain being
2H@5e.
For the first time in several weeks the
winter futures in lard and pork al com
mand premium: just at present short
ribs are vieing with the other hog products
in climbing up. Armour owns all the ribs
in the market, and is putting prices where
he will realize a good thing in his enormous
wholesale trade. He claims to want fol
this 100000 more barrels of pork than he
has on hand, and Re holds more than hall
the amount in store in Chicago. II
is now conceded that he has the
pork deal and Fairbank. and Hutchinson
the lard deal for October and November.
DUNHAM's CANDIDACY.
Some of the old heads on the board who
do not personally like President Durham