Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-10
Especial Telegram to the GLOBE

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 80
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
a trifie higher. The receipts to-day
were small, and there seemed
to be no special desire to
realize. Month sold up 7sc 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 aboutf filed present orders,
and local jobbers are very dif6dent about
buying.
Corn showed considerable firmness to-
day, confined mostly, however, to cash and
December, but trading was on a moderate
scale both on speculative and shipping &C.
count. The feeling was steady and prices
averaged a 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 II
@Bc for the various futures, then fuctu-
ated slightly. and finally closed s5c higher
for December and year than closing fig
ures on change yesterday, while next
years futures closed about tbs same as
yesterday.
For oats to-day there was a steady mar
ket, and prices ranged a shade higher.
TIL receipts fell off a great deal, and were
very sInall. 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 37MG373sc,
which was SO &c advance. Rejected about
33c, but nom offered. The frmness 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 a good speculative demand for
hog products, and the offerings were 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 a weak feel.
ing prevailed, and lower prices were sub
mitted to. Foreign advices were without
important change, and the Eastern mar
kets we're comparatively steady. The re-
| ceipts OF product were 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 15@ zoe and closed steady
at the reduction. Tae ssock oa hand is
~ 1o,OO ~ IO,oOO OoS
quiet. The inquiry for lard is fairly
active, and the offerings free. Prices
ruled easy and declined log l5c per 1OC
pounds On the whole range and closed
steady at medium figures. The stock on
hand is estimated at about 20, 600 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 seperatorsi ITO lean to the
lorg side of the deal, though a good many
of those who are bulls now were bear.
some little time ago, and were selling
shorts freely at prices considerably lowe,
than those they are buying freely at now
This seems rather a peculiar feature, in
asmuch as we are gaining in stocks steadi
Iy, though not very rapidly, and it would
seem to be a fact that if prices were to-
high two Or three weeks ago on a very re
daced stock, they are too high now unde,
the liberal receipts of hogs and corse
quent accumulation of product. The ques
ton naturally arises, what is the reaso,
for this change in sentiment? T,
one who has watched the trad,
it is apparent that values wer
forced down recently by virtue of the larg,
ca 'ital and combined manipulation
Product was sold freely for future deliver
without any regard to its cash. and it i
4 quito ce1Sa1A .naL Liio l-nanuIdcturer