Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-28


closing at a decline of 5@71sc per 100
pounds. Cash quiet at November prices,
and November closed firm. The feeling in
the provisions market improved with the
day, and in the afternoon pork was in good
demand and higher on cali except for
November. Lard was moderate, prices
steadier. Some $4,000 live hogs, were re-
ceived to-day but of not so good Quality as
has averaged lately. The market was
rather dull. and prices 1O@15c easier.
In the wheat market during the week
just closed. a little more activity has been
noticeable, and prices averaged somewhat
higher, but the outside prices were not full
ly sustained, though at the close month
was 7sc higher than it closed the weak be-
fore, December 70 higher, January 1sc
higher, and May &c higher. The business
was without any exciting feature, and was
controlled almost entirely by the volume
of l-cal speculation, prices being firm
when the demand exceeded the disposition
to sell, and inclined to weakness when the
reverse of this is true. The entire fuctu-
ations of the week were within a compare
lively narrow range, the greatest on any
Of the options having been only &c. At
the opening of the weeks business there
was some depression felt in values, and on
Tuesday were about 4c below the closing
the Saturday previous, but from this point
there was gradual improvement, tho
highest prices having been reached on
Saturday. when November was &c above
the lowest point touched, December
12ac over, January 12c over. seller May,
1s4c over. But before the close of busi-
ness there WAS a reaction, prices falling
Off about &c. There was not much doing
in the November option, which seems to
be settled up, and the interest centered
chiefly in the December and January
options.
There was an active business in the corn
market during the week under review. at
tended at times with considerable excite
ment and wide fluctuations, but at the
close cash No. > was ll4c lower than it
closed the prior week, month &c higher,
zee lower, January 1c lower and
May l4c lower. The market for cash
was Influenced by the condition of the
New York market, corner being run
there and prices advanced considerably.
The result has been a brisk demand most
of the week for shipment to that point, and
prices ranging from 1c to &c over seller
the month. bat on the last day of the week
this premium was lost. The whole fiuctua-
tion III cash during the week was &c. in
month 324c, in year 2a4c, in January 1sfc,
and II May 12c. Cash No. fuctuated
from &c on Monday to 71c on Thursday,
then fell to 6711ac on Saturday, closing at
673c. Month sold from &C 4c Oh Monday
to zoe On Thursday. declining to 67Ac on
Saturday, closing at 671ac, or the same as
cash. This drop in the premium for cash
was largely due to the fact that the time is
getting too short to ship to New York in
season to take advantage of the high prices
caused by the corner there. All the for
ward options were more Or less affected by
the advance in cash, and when that de-
clined during the latter part of the week.
the options also fell Of. Al the close the
market was yetkened considerably Nv the
heavy break ii TIE stn;S market IN New
York, wnica was regarded by many as the
pre:nonItyry symptoms of general panic
in all speculative business.
The oats market was quiet, and declin-
ing for the early part of the week to more
active and recovering later, and with
quite good advance established for No. 9
cash, and this month delivery. The move
ment in cash was liberal, still with ready
demand for the same all were wanted, and
the more lively speculation in other mar
kets helped to heavier trading under this
head. No. 9 cash sold from sec on Mon
day to 35 &c by Tuesday, and from this
to BIC by Saturday. Other grades were
going to the sample market, and bringing
more on track and free on board than
could have been had in store, and quite
high for the better cars of white.