Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-28
A Good Demand for Grain to FIJI
November Contracts.
'ORk STEADY-LARD SOMELOWER
A Review Of the Weeks Operations
and Variations.
NOTES FROM WALL STREET HAUNTS
Rapid Increase in Prices Of Stocks OF
Northwestern Roads.
CHICAGO.
Especial Telegram tO-the Globe. 7

Especial Telegram to- the Globe.I
CHICAGO, Nov. 27.-On change to-day
wheat was frmer and a good fraction
higher: corn although opening weak. stiff
fened and closed firm. trife better for
cash. but lower for the futures than Satur-
day. Oats show the effect of the closing
month. the November delivery, which is
cornered. duplicating its upward jump of
Saturday. Provisions have been active
and irregular but frmer and steadier later
and closed the day at about SATURDAYS
prices. On the board regular wheat was
fairly active and generally stronger, and
at the close tie month was about SIC better
than Saturday, December &c higher and
May Il higher. The market opened strong
and sold up a tritie. then became weaker
and declined some, but later tirmed up and
sold sc over the lowest price, afterwards
fiucuated some. and closed firm. The re-
ceipts were only moderate, and the shorts
eginced G1i.e desiie to cover. Later in
the dGy prices were still steadier. For
winter wheat there was only a moderate
demand, trade being rather slow. The
feeling however, was steady, for No. 9
prices were firm, but the lower grades ruled
easier. no. 9 red sold at 95c. and
special location shade higher With reg
uiar the feeling in the afternoon was
stronger. Spring was in light request and
quiet.
The -four market is quiet and without
special change. Some export inquiry ex-
listed, some orders being untitled, but the
advanced rate of freight to take effect Dec.
1, Is having some affect On the movement.
as buyers say they must endeavor to buy d
little cheaper. Stocks not large. Local
Jobbers bought sparingly to-day.
In the corn PIT the feeling was consid-
erably unsettled and trading fairly active.
The demand was chiefly OF speculative
character, only the low grades being in
request for shipment. The receipts ware
considerably larger and the marl.e: cpena;:
weah. Under Ecce speculative offerings
prices declined 24@1li[c for The various
futures below the clio ing figures o.
'change Saturday. Later the demand
increased, and prices recovered irregular.y
from 5000 for the various futures, and
for cash. The reaction was largely due to
the sharp advance in cash, which was in
active demand, chiefly for the purpose of
delivering on November contracts which
would not settle, and which parties had
sold at higher. and had profits in their ia
vor,of which they wished to take advantage
The market finally closed the same as Sat
urday for November and &c higher for
cash, while year closed &c lower,
January sc lower, and May 1ac
higher. No. was in active demand,
opening at about 6615c, though at one
time G6 &c only was bid, sold steadily up
to G111ac, and then to CSC 681ac. back to
CSC and closed at about Csc. On call there
was a moderate demand in this market,
and prices were unchanged. There are
plenty OF buyers whenever prices weaken.
Oats to-day were more active and sold ft
higher prices, with quite big apprecia-
ton for cash and this months option, and
this was giving irmer tone to the whole
trade. There is still quite shortage out
Tor November. and in the attempt to buy
in this advance was established. No 9
cash opened at 1928 for car lots. sold to
3oc, and round lots would have brought
well up to the option price had any been
offered. More was offered in store as the
big advance was above the sample
market, and only the rejected and the bet
ter cars Of white were saleable al any pre-
MUM. Rejected scarce and sample
lots in fair supply. This market showed
some further improvement on call.
Barley was very quiet. There was no
important change. No. quotable at SIC.
There was very little to trade in. and the
demand was also decidedly light. No. 3
sold sparingiy, and this grade was also
scarce. Sample lots were i'll fair supply
and met with a very fair demand
for good grades, and prices ruled steady.
Rye was quiet with light trading at
about 1ac lower than Saturdays prices
The decline was established early when
corn was Off, and there was not enough in
terest in this market to cause a reaction
Rejected was going to the sample market
and going off readily at better than could
be had in store.
The demand for hog products was &C.
tive on speculative account, and the offer.
ings were large. Early i'll the day the
market was decidedly weak and prices re.
coded materially on all the leading ar.
ticles, but during the latter part of the
session the feeling was stronger
and prices rallied again consider
ably and closed comparatively
steady. Shipping demand fair. Foreign
advices slowed no material change, aUo
the Eastern markets were easier. The re-
ceipts Of produce were moderate and the
shipments quite large. Pork was active
but unsettled ana irregular, opening wea4
and selling off 209 2Jc per barrel. but later
reached DC and closed steady at & slight
advance on Saturday on everything but
November, which closed at a decline CT Il
a zoe. Lard was active bu5 Irregular. sci
ling OH 151l71lc per 100 pounds below
Saturdays closing. but reacting some and