Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-06
STILL MOUNTING.
Corn. Wheat and Pork Take Another
Upward Turn.
MANY SAGE PROFESSIONALISM
Prices Ruling in Direct Opposition to
Coed Judgment.
PROVISIONS BADLY CORNERIAR.
Armour and Hutchinson Owners Of
the EEtire Stock Oh Hand.
THE NEW ISSUE OIL. & y. STOCK.
SpecuiatiSGs as to the Future Course of
Railway Shares in Wan Street.
PROVISIONS BADLY CORNERIsn.
Armour and Hutchinson Owners OF
the EEtire Stock on Hand.
THE NEW ISSUE OIL. & n. STOCK.
SpecuIatiSGs as to the Future Course Of
Railway Shares in Wan Street.
CHICAGO.

schange for the leading cereals and hog
products were again fiT11aer and higher to-
day. mainly, however, on account Of spec
ulative influences. Regular wheat was Il
TO 1 77ac. higher: corn advanced 3 to 1 5c.;
oats = to &c; mess pork zoe. and lard 5
alec. As a bear remarked to your CORES
pono mt, ii is getting to be a safe venture
to lei your money on the side your knowl-
edge and common sense argue cannot win.
A isttle time ago corn was'wsvering alter
nately going up for fear OF frost, and
tuIe bling down again because Of the grow
ing weather. At last the
dreaded frost care and that
cereal, instead Of Climbing right
up as it ought to according to all tradi-
tions, fell right off. To-day, with the Their
mometer at 78, corn VASE bullish as if it
were settling day of a big corner. There
IS an active northumberland for wheat
No. 2 sold up to Csc, ibut eased off some
what on call under more liberal offerings,
and closed at about 9A$1c. November at
zone time sold at 96c, but eased off a quar-
ter. of cent. There was more desire on
the part of speculative operators to buy,
and the foreign advicas were favorable.
Winter was in active!Gemand early, and
advanced strongly; touching 81, and this
had its influence on Ne. .. The receipts
were only moderate, and the shipments
exceeded the income nearly $4,000 bushels.
Flour was steady ailG firm and in moder-
ate demand, Local dsbbers made a few
purchases, but generally bought small
amounts. Later in tie day lower grades
weakened a little, an[7 trading was more
active. Stocks contiH1e light.
In the corn pit an active speculation
was again transacted, and the shipping de-
mand was also very good. The feeling was
somewhat unsettled. and prices subject to
numerous fluctuations and averaged higher
all around than yesterday. The receipts
were small, and as al offerings appear to
be taken up readily fer shipping purposes.
Shorts were rather more disposed
to provide for their outstanding
contracts. Yesterday afternoon
on the call there was somewhat of an ad-
vance established, anS this morning the
market ruled shade lower at the opening
and declined after soEae fluctuations L@
sc below early prices. then commenced
to rally and advanced 4@1Hc, flsctusted
and finally closed about 124c higher foe
seller; October and cash, 11ac higher for
November and year, and &c higher for
next, years delivery than the closing fig
Eres pon change yesterday. On call the
offerings were free, and prices ruled lit
tle-easier. The sales reported on the call
ord cd nd IL
bashels,
Cash oats were scarce and demand very
fair. There were also fair orders on the
market for futures. Seller November
IN particular was IN good request. These
features, coupled with tbs improvement in
ctuer cereals, created a firm market
anf prices were higher all round. In the
afternoon a further advance of 18@ &c
wa. sustained.
The boom in provision does not abate
one whit The demand foc hog product
ions was. quite active, and a. good business
was exported. Sellers, while Offering prop
erty rather freely, were little more indie
pendant in their views, and frmer feeling
prevailed, accompanied with moderate
advanse in prices for all the leading arti-
Giles. The shipping demand vss fair, but
offerings for immediate delivery were
light. Liverpool reports were a little
more encouraging to holders, and
lard was quoted cd higher. Eastern mar
kets were STRONGER. The receipts of pro-
ducts we've moderate, and the shipments
fair. The enquiry for mess pork was &C.
x;-o o,d no offorinp FREQ Priocc rulod
stronger, and were advanced 10915c on
the whole range, aud closed with consider
able steadiness
Pork was the great center of attraction
and commanded more attention than eth
sr lard or meats. The dayx upward Rove-
ment was also moze marked in mess Fork
than in any other department of the trade.
Ksvember and the late winter futures we're
! regarded with most favor BY buyers. On
cali prices ruled irregular, the gear options
weakening somewhat, bnt the winter DE-
live.ies stifening wonderfully.
The demand for lard was brisk, and the
offerings were liberal A frmer feeling
prevailed, and prices advanced. On call
prices we're shade higher. the gain being
2a@5c.
For the first time in several weeks the
winter futures in lard and pork all COM
mand a premium: just at present short
ribs are vieing with the other hog products
in climbing up. Armour owns all the ribs
in the market. and is putting prices where
he will realize good thing in his enormous
wholesale trade. He claims to want for
this 100000 more barrels of pork than he
has on hand, and Re holds more than hall
the amount in store in Chicago. II
is now conceded that he has the
pork deal and Fairbank. and Hutchinson
the lard deal for October and November.
DUNHAM's CANDIDACY.
Some of the old heads on the board who
do not personally like President Durham