Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-06
STEADY and STRONG.
Cereals and Provisions in Chicago Con-
siderably Higher.
CORN THE ONLY EXCEPTION.
Transactions Limited in Amount and
Operators Cautious.
GERMAN INTERDICTION OF PORK.
Armour Believes it Will Not Seriously
Affect Our Markets.
NUNEVENTFUL DAY IN WALL ST.
Steck Spectators. Finding No Gcese
to Pluck, Playingia Lene Hand.
Transactions Limited in Amount and
Operators Cautious.
GERMAN INTRODUCTION OF PORK.
Armour Believes it Will Not Seriously
Affect Our Markets.
AN UNEVENTFUL DAY IN WALL ST.
Steck Spectators. Finding No eeese
to Pluck, Playing.a Lene Hand.
CHICAGO.
ISaecial Telegram to the Globe. ]


schange today for the leading cereals and
provisions were steadieT, frmer and higher.
This was we'll sustained throughout the
day, every market closing strong excepting
ONLY corn. which weakened somewhat dur
ing the afternoon. The wheat pit was
rather quiet, but the feeling was firm, and
at the close month was about dc higher
than at l O'Clock yesterday. January 38c
better. seller February 4 better. and May
was sc higher. Early sales were at about
yesterdays closing figures, but gradually
improved about * eased OFF tribe, then
advanced and closed tolerably firm. On
the call board prices ruled steady under
moderate inquiry. Winter was frmer and
&c higher. Spring was in fair demand,
No. > was stronger and &c
higher, No. was 1sc lower
and rejected, neglected and nominal.
Flour was quiet and unchanged. There
was no inquiry to speak of from local job
bers. although exporters bought fairly.
Corn was again active and rather unsettled,
but generally stronger and at the close
cash November was about 58c higher than
it closed at 1 o'clock yesterday, December
or year about &c higher, January q high
er, February 4 c higher, and May was &c
higher. The opening prices were at about
the closing figures at 1 O'Clock yesterday,
but when it vas found that the eeipts
were again large, there was quite a pres
sure to sell, under which prices soon weak
ened, December or year falling &c, Janu-
airy &c and February 58c,but later under
the infiuenceof an increasing demand and in
sympathy W: tn the sharp advance in pro-
visions the market improved, year selling
up nearly C from the lowest point Jan
uary sc, February 2Ic,-.May sc, eased
off triie. then fGctuated and closed
strong IL both legitimate and specula-
tive circles operators seemed to take hold
with more confidence to-day. In the af
teruoon the Offerings became somewhat
more free, and exceeded the demand prices
wcaGuaiug y triile.
Oass Uers very steady, cash and Novem-
Der delivery sold 3Ec over the closing on
'chango yesterday. and slightly above the
call boards closing. 4 good speculative
demand existed ard the offerings were
meager. There was also an improvement
in the deferred futures. No. cash
sold 1T 35&lM36c, rejected
about 3215c, but nominal,
for consirnments were all sold on track,
sample lots were steady and firm, and the
inquiry was good. feeling Of weakness
interviewed before the close of the morn
ing session. but in the afternoon the feel
ing was stronger and prices firmer. Bar
ley is inactive. 10 transactions being re-
ported III store lots to-day. Rye is fairly
active and steady for spot.
The inquiry for hog produce was quite
active on speculative account, and the offer
ings were liberal. The feeling was rather
quiet early, and prices ruled comparative
ly steady. About the middle of the ses
sion decidedly stronger feeling Was de-
veloped, the competition for the offerings
was active and material advance gained in
prices for all the leading articles. The
shipping demand was fairly active for all
descriptions. The receipts of product
were moderate, and the shipments of all
kinds were very large. Foreign advices
were rather unfavorable and pork and ba
cor was quoted Sd lower. Easter markets
steadier and prices little more favorable
to sellers. The demand for pork was ac-
tive and the offerings were free. Prices
were advanced 20 M 30c on the whole
range, and the improvement was moder-
atelv well maintained. Cash quiet and
steady.
An active demand prevailed also for
lard. and the offerings were lib
eral. Prices were stronger, advanced
15@20c per 100 pounds, and closed
comparatively steady. Cash in moderate
demand and steady. In the afternoon
pork was il good request firmer, and
higher, and lard in active demand and a
shade sitter. Some 43,Oe2 live hogs of
better quality were received to-day, and
prices were we'll sustained, the market be-
ing active and stronger in packing and
shipping account
1t having been announced here on
'change that the German reichstag had
passed a law stopping the importation Of
American hog products in any form into
the German empire, GLOBE representa-
tive called upon P. D. Armour. He stated
that he understood from private advicef
that this law would be passed over 6
week ago. He did not think il
wo1 d affect the trade here much
at least at present. The low prices there
aid greater demand and high prices here
had operated to keep all the meats in this
country anyway. The only shipments
were going to France, England and Hol
land. There might be some bad effects
felt when prices changed, but not at pres
ent.
The recent failures resulting from tn
fairy in cora were the subject of genera
discussion on change to-day, but no fur
Their suspensions were announced It is
thought that the others bitten will weather
the storm. The responsibility for the mis-
fortune Detailing the five unIucay firms i