Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-08
Good Shipping Demand for Flour-..
Wheat Strong and Looking Up.
PORK HOLDS IT'S OWN BRAvELY.
Statistics of Packing OperatiOns.-.Re-
ductiOn Of 10 Per Cent.
BUTLITTLE ACTIVITY WALL ST.
The Granger Stocks Suffer Slight and
Uniform Decline.
CHICAGO.
{Special telegram to the Globe. !

the principal markets. Wheat, which yes
terday shaded Tuesdays prices about 1sc,
to-day dropped off I@15c. Corn, which,
except for cash delivery, was then trife
frmer, more than lost its advantage. Pro-
visions nearly held their own, but pork
eased of trife in the afternoon. Oats
during the morning sold at an advance,
but lost this later in the day.
On the board of trade to-day wheat
again ruled quiet, so little was doing
that but little interest was taken
in the market. The feeling was
a trif1e weaker and prices declined to &c
below the closing figures on Change yes
terday for December, January and Febru-
ary deliveries, while May declined but lit
tie. The market finally closed with about
18c of the inside prices reached. In the
afternoon these prices held steady. Spring
wheat was quiet at decline of 20 5sc for
No. 2. The demand was light and the Of
ferings not large. Winter was dull, quiet
and lower.
The -four market was to-day more active
to the shipping and export trade, and quite
heavy sales we're making in this direc-
tion, to still, quiet and slow
to the home trade. Buyers of
the better family brands report a weaker
tone for the grades used here, while the
better shipping stock was holding steady.
Rye and buckwheat flour steady and firm.
Bran and millstuffs were going out quite
readily.
In the corn-pit there was less activity;
still very fair business was transacted,
chiefly on speculative account. The feel
ing was steadier and prices subject to
only slight fluctuations, being confined
within a range of about 15c. The re-
ceipts were smaller, and the news from
abroad was inclined to dullness. Early in
The day the feeling was weak and prices
declined i &c per bushel for the various
futures. then rallied a trife and ruled
steady, finally closing about 58 C lower for
year and December, Sc lower for Janaury,
and 118c lower for May than the closing
figures on change yesterday. No. was in
fair demand. There was quite brisk
business done on call, nearly a million
bushels changing hands, and prices held
steady.
Oats sold at the early or inside prices of
yesterday. There was some falling off in
the speculative demand. The near futures
ranged higher than yesterday, and for
these the market was strong. May was not
much changed. Rejected quotable at 331sc,
but nothing doing. The receipts were
fair, and there was a very good supply of
samples. The demand was very good and
tn, Ibo o1<
there was fair degree of activity, prices
were somewhat higher. Rye was dull and
unchanged. There is a light local cash
trade in No. 3.
In barley the sample trade is quiet.
Choice lots are quotably steady and COM
mon dull and easy.
There is no instore market, there being
neither buyers nor sellers.
A good speculative demand prevailed to-
day for hog products, ,and the offerings were
fair. Prices ruled comparatively steady
on all descriptions. Foreign advlces were
unfavorable to holders, and lower prices
were reported on pork, lard aud bacon.
Eastern markets we're without material
change. Shipping demand fair for all the
principal articles. The receipts of pro-
duce were moderate, and the shipments of
all kinds quite liberal. The demand for
mess pork was moderately active, and
prices exhibited very little change. The
inquiry for lard was fairly active, and the
offerings we're moderate. Prices averaged
shade lower, and the market closed quiet
In the afternoon prices ruled trifie easier,
and lard was moderately active and
steady, prices being 5@7Ic under
those of yesterday. Some 1000 live hogs
were received here to-day. The market
was active and firm, and prices about 30
better than for the past two days. The
Price Current of tomorrow morning will
publish returns from points which packed
90 per cent of last winters hog pack
ing, showing that the aggregate pack
ing at all points to date since November
is about 100000 hogs against 2,37O, O,OOOiat
the same time last year, showing de
crease of 20 per cent. The reports re-
pardinp the probable winter supply of
hogs for the season to March l are inter
preted as reducing a shortage not OK
ceeding 10 per cent and probably
less than this, or in other words, the win
ter packing will exceed 100000 hogs
against 5,747,OOO last year. The Price Or.
rent expects the movement for the next
three months to fully equal the corre-
spending time of last year, and also that
the average weight of the winter packing
will fully equal or exceed last year. II
also expects considerable increase in the
spring and summer supply of hogs com
pared with the past year.
Mr.. Armour has been heavy purchaser
of January corn to-day. His favorite
brokers were in the pit buying and there
are other good reasons for believing
that he was their principal.
OF the 46S cars of corn received yester-
day only seventy-three graded No. 2.
Messrs. Lamson Bros. announce they
will shortly begin suit for $4,000 DANA