Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-11
CHICAGO.

Crluo nlgQer. IL Is Sa1u LnlS is OUT tempo
rary, and next week will see an improve
ment. Be this as it may, mighty effort
is being made to overcome the recent ten
dency in this market toward higher prices
and that effort is meeting with unexpected
resistance. McGeoch has been a heavy
purchaser lately whenever prices have
weakened at all, and Armour's brokers
have also been busy. To-day they were
not as free with their orders as for a day
or two past, although, after the closing of
the board about all that was offered at the
decline was picked up. The indications
point that some lively manipulating may
be expected in the corn market this month.
Cash corn was badly locked up yesterday,
and the bears are becoming more scared.
A substantial advance in prices is freely
predicted for the latter half of the month.
Yesterday of 200 cars arriving but so
graded No. 2. To-day of $50 cars 60 only
graded up. Most of the activity to-day
was in corn for delivery this year.
Wheat continues rather quiet, although
the feeling is still steady and prices are
trife higher. The receipts to-day
were small, and there seemed
to be no special desire to
realize. Month sold up 80 and futures
about as much. The whole range of the
day was not over go. Winter is frmer
and offered sparingly, which restricts trad
ing. Spring is in fair request, steady and
quiet. Flour shows no change worth men
tioning. The business transacted was
even lighter than usual. The export trade
appears to have about filed present orders,
and local jobbers are very difident about
buying.
Corn showed considerable frmness to-
day, confined mostly, however, to cash and
December, but trading was on moderate
scale both on speculative and shipping ac-
count. The feeling was steady and prices
averaged shade higher. The receipts
were only moderate, and the short interests
for the year were rather inclined to buy,
which accounts for the frmness. The mar
ket opened about &c better, advanced Il
@5sc for the various futures, then fuctu-
ated slightly, and finally closed asc higher
for December and year than closing fig
ures on Change yesterday, while next
years futures closed about the same as
yesterday.
For oats to-day there was steady mar
ket, and prices ranged shade higher.
The receipts fell off a great deal, and we're
very small. A fair demand existed, but
outside prices could not be maintained.
Sample lots while scarce were not so
much called for and ruled steady and
quiet. No. 2 store sold at 3716@37&c,
which was so 56c advance. Rejected about
33c, but mono offered. The irmness Of the
opening was very marked, but at the close
was less prominent.
Rye is in light receipt and higher. For
cash the advance was &c. but for the fu-
lures less.
Barley is neglected and extremely dull.
There have been no consignments placed
in store for some days. No demand exists
in the regular market. No offerings are
noticed.
There is good speculative demand for
hog products, and the offerings we're free
to-day, owing to the continued liberal
receipts of hogs, and lower
prices therefor. Shipping demand was
moderately active. Prices were compare
lively steady early in the day, but during
the latter part of the session weak feel
ing prevailed, and lower prices we're sub
mitted to. Foreign advices were without
important change, and the Eastern mar
kets we're comparatively steady. The re-
ceipts of product we're fair, and the ship
ments of all kinds liberal. The offerings
of mess pork are free, and the demand
moderately active. Prices favor buyers
to the extent of 10000 and closed steady
at the reduction. The stock on hand is
estimated at 10000 to $4,000 barrels. Cash
quiet. The inquiry for lard is fairly
active, and the offerings free. Prices
ruled easy and declined 1O@ 15c per 100
pounds on the whole range and closed
steady at medium figures. The stock on
hand is estimated at about &c, 900 tierces,
one half contract. Cash is in fair request.
A noticeable feature of the trade this week
was the fact that prices of provisions ad-
vanced in the face of the largest receipts
of hogs of the year. In point of fact the
larger the receipts of hogs the higher the
price of product, seems to be more the
rule than the exception. It is also notice
able that there is more DISPOSE
ton prevalent among the majority
of operators to lean to the
long side of the deal, though good many
of those who are bulls now were bears
some little time ago, and were selling
shorts freely at prices considerably lower
than those they are buying freely at now.
This seems rather peculiar feature, in
asmuch as we are gaining in stocks steadi-
ly, though not very rapidly, and it would
seem to be fact that if prices were too
high two or three weeks ago on very re-
duced stock, they are TOO high now under
the liberal receipts of hogs and conse-
quent accumulation of product. The ques-
ton naturally arises, what is the reason
for this change in sentiment? To
one who has watched the trade
it is apparent that values were
forced down recently by virtue of the large
capital and combined manipulation.
Product was sold freely for future delivery
without onv rooo ri IN ife caah md II 10