Daily globe., 1882-11-14
AN UPWARD TENDENCY.
The Chicago Wheat Market Strong and
Higher Yesterday.
CORN A TRIFLE WEAK AND LOWER
Pork and Lard Firmly Held and Prices
Better than Yesterday.
AN ATTACK OF THE OIL CRAZE.
Men Who Have Made Fortunes in Spec.
uiation in the Last Few Weeks.
THE NEW YORK STOCK MARKET.
St. Paul, Northwestern and Omaha
Weak and the Vanderbilts Strong.
AN ATTACK OF THE OIL CRAZE.
Men Who Have Made Fortunes in Spec
uiation in the Last Few Weeks.
THE NEW YORK STOCK MARKET.
St. Paul, Northwestern and Omaha
Weak and the Vanderbilt's Strong.
CHICAGO.
Especial Telegram to the Globe.l

day in the usually active corn pit on
'change, and prices ruled somewhat higher.
Year corn. which has been bulled by an ac-
tive demand of late, was the worst sufferer
by the decline Wheat was for the most of
the dav trife better than on Saturday,
but fiattened out before the close. Pro-
visions were frmer than usual, pork being
until late higher and ending the day at
about Saturdays prices, and lard doing
the same. In wheat the feeling at the
opening was strong. Rather moderate re-
ceipts, coupled with a better speculative
demand than the trade anticipated, gave
the movement an upward direction. and
prices early averaged higher than on
'change Saturday. On the November fu-
lures the days advance was limited
to Ic and on December and the later fu-
lures traded in 1s@4c. December and
January were the favorite months with
traders. The business transacted was
quite fair. and the market commanded
throughout the session more than ordinary
attention, though closing weak and unset
tied. In the afternoon the inquiry had
abated, and prices were somewhat easier
all around. Winter ruled 6rmer and spring
evinced considerable activity early, but
failed to sustain the advance reached.
Flour shows no particular change. Ship
pers made limited inquiry, exporters pick
ing up few sacked lots, the improved
feeling in wheat abroad havinga tendency
to create little more stir among
foreign buyers. Still the market
was only quiet. Local jobbers are doing
but little.
The trading in corn was only fair. In
speculative circles year was the center of
interest, and also the leading future traded
in. Next to year, Janusry of the late fu
lures received the principal attention, and
then May. Year was irregular in its
movement, and at the close of the session
was fully 11sc lower than on Saturday.
January closed 15c lower and May &c.
November was in good demand from par
ties short for this month, and early strong.
though closing at a decline of &c.
The general market was stronger
early, but before the close the
feeling became weak, No. 3, with
fair inquiry, but for rejected the
demand was light, and sales we're unusually
slow, and for some houses there was no de-
mand. On the call board prices were still
lower, under free offerings.
In oats quiet market existed during
most of the day. Prices we're steady and
without special change, but during the
afternoon they eased off. Receipts were
fair. Little was doing on speculative &C
count, and the shipping was lighter than
average. Rye was steady. The demand
was very light, but offerings were also
small. Barley was quiet and easy. The
receipts were somewhat larger than usual,
and the demand both for spot and future
light.
The demand for hog products was
quite active to-day, and the
market exhibited considerable strength
in general way. The weather was cooler,
the hog market more active, and prices
higher, which exerted considerable influ-
ence on the market for product. Shorts
were anxious to provide for their out
standing contracts, and spectators in gen
era, appeared to have more confidence in
a stronger market for the future; conse-
quently there was quite sharp competition
for the offerings, and marked apprcia
tion in values. Toward the close the
market was easier and the greater portion
of the advance was lost. Shipping demand
fairly active. Foreign advices show no
material change, and the Eastern markets
Tho a;v>fc >fr NJ
were light, and the shipments quite
liberal for all kinds. The demand for mess
pork was quite active, and the
offerings free. Prices were advanced 15@
2Oc early in the day, but declined again
1O@ 15c, and closed comparatively steady:
Cash was quiet. On call the request was
moderate and prices easy. The inquiry
for lard was brisk and offerings liberal.
Prices advanced 5@1Oc, but the improve
ment was about lost at the close. In the
afternoon this market was fairly active,
and prices firm. The arrivals of hogs were
some 10000, averaging poor in quality.
The cold snap caused an active market on
advanced 10@2Oc.
Milwaukee Change is agitated over an
attempt by Sanderson to corner the wheat
market. The grain gamblers, now that
there is little excitement in their
legitimate line, are dabbling in the petro-
leum business. Chicago has gotten out
of the present crazy oil speculation said
broker who makes a spe cialty of the Oil
City business, mot less than $1,O00,O00-
not mean sum to make in side specula-
tion. What would my customers say if
gave up their names? They ought not to
be so very shy, though, for they've all been
winners for the last sixty days, and big
winners at that. I'll say this standing
where we are now,in this alley we can look
into the Office windows of the man who
has made the biggest winning on oil of all
in this city who have dabbled in it. For
the matter of that, too, he has been as big
better and as high winner as any man,
I guess, west of Oil City. I'll give you
another pointer. Mne-tenths of the Gus
toners on my books can be found in Of
fices within q sfOne's thrOwD