Daily globe., 1882-10-05
spring was duller.

spring was duller.
ence of slightly shady prices, trading was
somewhat large.
Corn was active but unsettled. The re
ceipts were small the shipments fair.
Market adv;Sss quoted steady feeling
abroad, and New York as firm. Speculat-
ors bought quite freely, especially early
in the day, and there was a good
shipping demand for the various grades.
The market opened about A@Hc higher
and ruled tolerably firm, but later under
free speculative Offering prices weakened
and declinep 4c for the leading futures
and T04c fer other futures,
then fuctuated, and finally
closed about 50 lower for cash and Sep
tember, 10 lower for seller November, and
1sc lower for seller the year than the clas-
ing figures on Change yesterday. On call
there was rally, and prices advanced, Oc-
tober closing K04 10 higher than on the
regular board, and November H9Mc
higher.
Trading in oats was light but the market
was steady.
Provisions kept right on. Pork was
higher but irregular, fluctuations, however.
being more frequent in the late futures
than in the near deliveries. For seller Oc
tober prices based on yesterdays closing
quotations on Change closed 2Oc
higher, and for seller Novem-
ber 35c. The latter futures were
advanced 71S01Oc. Trading exhibited no
considerable activity. On call the feeling
was weaker, and except on the November
future part Of the advantage was lost.
Lard was irregular but stronger and
higher, near deliveries advancing 1920
and late futures 5@1Oc. The trading was
fair and the feeling on call quiet and
firm.
THE PORK DEAL.
The panic over the October and Novem-
ber options in pork continues. The ex-
hibit of stock on hand as posted yesterday
shows that there are 5,85S barrels of pork,
39,7O2 tierces of contract lard,
and 4,734,133 pounds of shsft
ribs. The people who are interested most
largely in hog products had figured these
stocks down fine enough to satisfy them
selves long ago. They kept track of what
was shipped out, and as nearly as they
could of what was shipped in and made.
There was consequently no good reason
why the prices of hog product should ad-
vance. But there is always in this market
crowd of blind and illogical spectators
| who figure on nothing, and bet on prices
precisely upon the same principles as they
would play against a faro bank. To this
mob the figures posted were surprise, and
the surprise caused panic among such
| of them were on the short side. They saw
that the stock of pork was a good deal less
than half what it was last month, and only
about half what it was year ago. This
discovery made a good many of them
buyers,
The cause of the strength of
THE CORN MARKET,
is stated to be the reason that Liverpool
had irmer tone, and private advices from
the other side that the supply of Danubian
corn is falling off, which would give a
much firmer tone in England but for the
Generalization here. With this our own
| receipts fell off to the low
point of 142 car loads and
| none by canal, while news from conntry
points was to the effect that good many
| of them had sent in all the old corn they
| could sweep up. The result was very
| strong feeling and big buying. One firm
bought about 100000 bushels for next
month, and several others bought round
| lots, while the smaller shorts were scared
into filling. There was, however, liberal
unloading by parties who had bought at
lower figures last week. There was good
shipping demand, but buyers were limited
| to figures which acted as drag on the ad-
vance in futures. 1t was vigorously ru-
mored around that there is a strong
| combinations formed to control the mark
ct for November, but this was in turn dis
missed.
THE M'aEOCH OGRRs.
| A party in the wheat trade says that
there cannot be much strength in the deal
| SO long as the folks are afraid that Nc
Geoch will throw big lot whenever he
| deems it most to his advantage. There is
no incentive to carry wheat SO long as the
November premium is less than storage
charges. Uncle Peter it is reported is
| amusing himself while his September
shorts arc settling by buying red winter,
thereby causing that market to climb.
THE CORN CROP.
Messrs. L. Everingham & Co.'S
report on the corn crop situation for
the week ending September 80
says the farmers are disposed to hold
wheat and oats. The first, it says, has left
a decided mark upon the corn crsp, par
ticularly that planted late, the injury being
most noticeable now in northern and CEN
trail Illinois, Iowa, Wisconsin and Mime
sofa. In all these states there will be more
or less soft corn. The late planted fields
have been killed, and the growth of the
early stopped. Reports from the best corn
counties in northern Illinois estimate the
crop at twenty bushels per acre, and If
future reports do not average better than
this, the northern part of the state cannot
be expected to produce more corn than in
1881.