Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-02
PORK AND RDALITTLE HIGHER.
A Bear Raid by Packers Expected in
the Near Future.
STOCKS ATTACKED.
A Considerable Decline in His Favor.
ite Stocks.
CHICAGO.
Especial Telegram to the Globe !

Special Telegram to the Globe.
CHICAGO, Nov. 1.-The old month closed
with a feeling of weakness and depression
in nearly all the markets. Novemer be-
gins with better business. higher prices
and frmer markets. Quite little rally
was experienced all along the line. Even
wheat showed considerable life, and pro-
visions, so long at the mercy of the bears,
scored considerable advance. The bulls
are considerably encouraged by the con-
dition of affairs, and promise to aid on The
movement. On the board wheat was fair
ly active, and the feeling was generally
stronger at the close. Month was about
&c higher than at o'clock yesterday,
December $sc better, January nc higher,
and May lc higher. Early sales were at
4@3sc over the closing figures at 1
O'Clock yesterday. sold up irregularly, i'm
proved some, and closed tolerably steady.
In the afternoon the upward tendency as
well as all other markets continued, prices
ruling slightly higher. On the call board,
spring and winter were in fair request and
firmer although the lower grades of win
ter continued duher.
Flour was quiet and trading lighter,
with the supply of all grades light, and
with less inquiry than has been noticed for
good call for the finer. bakers
brands, but shi .pers' orders we're less free
and more quiet tone for the whole trade.
The stock of flour in Chicago to-day is re-
ported to be A5,7O5 barrels against 34,1O5
barrels on Nov. 1, 1881.
In the corn pit to-day there was fair
speculation and moderate shipping busi-
ness transacted, and the feeling, although
somewhat unsettled, was stronger than yes
terday. The receipts were considerably
smaller and the shipments were fair. The
market opened shade higher, and there
were quite large offerings, but as soon
as i.ie4 "rs'~s'tfe tu sell was over
prices grse,,a,,: ,",;.s..y.'. ;sn,i .,>ira ce,
y 4 I II; f,,c tc v:.,3...a :,.trrts. fuctuated
and finally closed about 5};:c higher for
November, / lc higher for year. and about
go higher FOR january and May than the
closing figures on change yesterday. No.
2 was N good request. and ranged about
1c over-seller the month. On call corn
was quite actively called for, and sold up
]5@ &c higher. This cereal is now Just
five cents above where it was On the 1st
day OF November, 1881, while wheat is 3Sc
under where it sold year ago. Oats 10C
lower, rye 42c lower, and barley 26c
lower. Pork is to-day $3.50 dearer than
then, but lara only 26c dearer.
Oats to-day ruled quiet. The futures
showed a little improvement, being about
&c and in some instances * better. This
was due somewhat to the improvement in
corn. Orders were light and trading re
stricted. Considerable cash oats were Of
fered. In the afternoon the demand fresh
ened, and prices closed firm. Rye and
barley showed no change. Both are very
dull.
In the provision market there was a
moderately active business transacted, and
though the market early was weak and
prices averaged lower, the feeling
during the greater part of the session was
strong, and the closing fgares show an ad-
vance over yesterday. Offerings were not
urgent, while a very fair demand both for
immediate and future delivery existed.
Receipts of hogs moderate and prices
lower. Pork to-day was in some demand,
though somewhat unsettled, and early was
weak and lower. but became firIner under
an improved demand and only fair offer
! 1pgs. and closed ct an appreciation on
yesterday OF 13G 2oc PEI barrel. Lard
was moderately active, and while opening
weak was irmer during the greater part
of the session and closed at an advance of
15c per 100 pounds. In the afternoon a
considerable further improvement was
noted. Pork was more active and prices a
little higher than on the board, while hard
was actively called for, and advanced some.
what further than pork. The receipts of
hogs during the day were larger than usual,
being very considerably more than the
average for the past week. The estimated
number is $4,000, and graded fair in quail
ty. Prices showed decline of 1Oc for the
day. A cautious operator prophesies, an
other bear raid by the packers. He cautions
the trade to look out for October. pork
stamped with a November date. He
claims there were great quantities packed
in October with the date left blank, and
now they will try to sledge-hammer the
market by filling in November dates be-
! fore the 10th.
Armour & Co. find that it is impossible
to get cars enough to carry the r,eat
which they would like to ship east. While
they are having very large equipment of
cars built of the latest and most approved
character, they are also using great
many of the old refrigerator cars, which
have been rebuilt and remodeled for
temporary use. The firms at present en-
gagged in the business are all busy enlarg-
ing their capacity, and several firms are
reported to be nearly ready to embark in
business. One thing alone deters whole
sale extension OF the business. Much de-
ponds upon whether they are disposed to
continue the present freight tariff on dres-