Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-19
The Quality Excellent for Packing and
Lard Purposes.
A FALL IN PRICES ANTICIPATED.
Corn Still Strong, Notwithstanding
Good Prospects for Receipts.
WHEAT STRONG AND ACTIVE.
The Defaulting ShOrts-Co. Operative
Commission Houses.
Especial Telegram to the Globe. ]

Special Telegram to the Globe.
CHICAGO, Oct 18.-That uncertain guam
tity. corn, again created little commo
ton on change to-day, surprising nearly
everybody by its activity and frmness,
and making up the loss suffered in this
market yesterday. Wheat, which was in
moderate demand and advanced 56@1c,
although failing to sustain throughout the
day the highest point reached. The re-
ceipts were still small, but 156, 500 bushels
being received and but 43,247 bushels
shipped out again. Flour showed unusual
activity, and buyers were quite numerous
and more eager. Provisions did not share
in the general advancement. The
receipts of hogs, as prophesied some
time ago by the GLOBE, are
increasing rapidly. Up to this week the
arrivals have been Insignificant, both in
quantity and quality. Yesterday, how
ever, over $4,000 were received and to-day's
receipts are estimated at 10000. The i'm
provement is not confined to the amount
either. Awonderful improvement is noted
in the quality of this weeks hogs. They
grade high, and show the new crop is
ready to ship. This has more effect on the
Der can begin to. Within the next twenty
days shippers will rush all they can into
this city, to take advantage of current
prices, which are higher by far than can
be hoped later in the season, when the
surety of cheap winter corn is considered.
OF course the fact that hogs are now COM
ing in in sufficient numbers and of good
grade to pack well have its effect upon the
controlling longs in the pork and lard
deals, who are the largest packers in the
west, and must soon commence operations.
When they do they must have cheaper
hogs, and their position in the provision
market is likely to change.
On the board to-day wheat was fairly
active, and prices ruled. frmer, October
closing about &c higher than yesterday,
November &c higher. year &c higher, and
December &c higher. The receipts were
lighter. and there was better speculative
demand, and prices opened about yester-
days closing, weakened trife, then
began TO improve, and sold general
ly up 1c, then weakened a trifie,
afterwards Auctuated within a narrow
range and closed firm.
The boom in corn made the wheat shorts
rather uneasy, and there was a general
movement from this quarter to buy. Win
ter was in good demand and firm, and
spring much inquired for, scarce and
stronger.
The flour market has been more active
for some days past, and the better quail
ties were picked up quite close, while the
poorer lots were also more called for, and
we have to report better condition to the
trade generally. Home buyers were taking
the finer Minnesota and the better winter,
and at full previous prices, while shippers
were hiding for the better sacked lots and
for the lower grades. Rye flour slow.
Buckwheat flour in good request. Bran
and all millstuffs doing well. Shippers are
still hampered in their purchases by linn
its from customers below prevailing prices.
On call wheat products were dull and
shade higher.
Corn was more active and generally
firmer, and at the close October about &c
higher than 1t closed at o'clock yester-
day, November 115c higher, year 11c
higher, January 10 higher, and May 10
higher. Early sales were at about the
closing figures at o'clock yesterday, were
firm for few minutes, then fell off 10
&c, but soon became strong under an in
creasing speculative demand and took the
up turn, advancing gradually about
INC on cash on October,
TX on November, ~ on year,
1 on January and 1c on May, eased off
trife, then changed slightly, closing
firm. In the afternoon the demand was
still more active. and, although offerings
we're liberal, an advance of 1s04c was
scored. This market is in excellent shape
to corner, and, although the bulls are not
now acting in concert, apparently clique
may again take hold. If not, break may
occur. The transactions during the after
noon are an indication of the demand pre-
vailing. On the call board sales of two
and half millions bushels of corn was re-
corded, of which amount over million
were for May delivery.
Oats are very active to-day and abund-
ant; advanced strongly.
There was a good speculative business
transaction in the market for hog pro-
ducts, but the feeling was somewhat
unsettled and prices irregular.
The offerings were somewhat
larger early, owing to- the increased re-
ceipts of hogs, and prices ruled lower on
all the leading descriptions, but the mar
ket was frmer later IN the day, and fair
portion of the decline was recovered.
Shipping demand moderate. Foreign adj
vices indicated no particular change, and
the earlier markets were comparatively
steady. The. receipts of product we're
rather light, and the shipments only fair.
The offerings of mess pork were free early,
and prices gradually declined 3o@40c on
the whole range, rallied again COG 15c, and
closed steady.
The demand for lard was moderate
and the offerings fair. Prices ruled easy,
and declined SO 10c per 100 ponds, but
rallied again 2x@5o during the latter
part of the session, and closed steady.