Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-01

advIces from the west regarding the
crops indicate that the yield
will not be an average one.
Foreign advices were little more en-
couraging to holders, and the eastern mar
kets were inclined to sympathize with the
course of the market here, notwithstand-
ing the small stocks on hand. The visible
supply of corn on hand in this country and
I Canada is reported at $685., 900 bushels
against 27,970,OOO reported one year ago.
The quantity of corn afoat for the united
kingdom is reported at $4,000 quarters
against 100000 quarters one year ago.
The amount of corn afoat for
Continental Europe is reported at $4,000
quarters against $4,000 quarters at this
time last year.
| Oats were a shade lower to-day under
the effect of liberal receipts. Very little is
doing. The receipts for the week amount
ed to 714,3S2 bushels against 454, 1905
bushels for the corresponding week last
year. The shipments we're 413,654 BUSH
els against 1898 for the previous one
and 3O6,O75 for the correspond
ing week last year. The
market was quite changeable
still fluctuations were small, covering
only A@11ac range, and the greatest
fluctuations we're in cash. The arrivals
were very largely increased. At first No.
was only moderately offered and cash,
in consequence, advanced 1a@1c from
opening prices, but the other grades were
in so much larger supply on the sample
| market to there cause a decline, while
cash No. 2 improved from 34l4 to 3511ac.
They we're subsequently so much more
| freely offered as to cause decline to
| 3418c. The demand was mainly for
oats suitably located for loading to vessel.
and some outsideS houses were dull all
through the week. In the market for
futures there was about fair volume of
business done. Prices were generally
weak early, owing to the decline in corn
Rye and barley continue exceedingly dull
and lower.
The offerings of hog products were fair,
and the demand moderately active. The
receipts of hogs were quite liberal, and
prices ruled lower, and buyers insisted on
compelled to meet their views. Shipping
demand rather light. Fore. "a adyices
we're unchanged and caste markets
steady. The receipts of produc. ~e1 light,
and shipments of all kinds IL. The
offerings of pork were fair, and the >:emand
moderate. Prices declined 2" &c and
closed steady. Lard was fairly :e and
freely offered, prices receding IL DC, and
closing quiet. On call little he:i er feel
ing prevailed, prices holdin,s steady.
The settlement price for over rs lard
delivered on November contract las been
fixed at SIPS
At present the corn market is !he only
one to show any particular life, and its vi
tally is of the gai7.aic kind Prophecies
for the future of this cereal widely diverge.
Everybody is afraid of it. The bulls ap:
pear to be sanguine of a rise. AID the
bears are sure of cheap corn. One sgoAcr
to-day declared that, although a bJii, he
could not see why corn should be kept up
at the present prices. He knew that the
: visible supply was not up to the usua
standard, and was daily decreasing, but il
was simply because it was being stored il
places where not reported in the regular
visible supply report. There was no de
mand for corn, and the supply in the ele
vators here was below that reported last
, year at this time, but was entirely too
much for any home consumption, while
there was no shipping profit to speal
of at present prices. He thought
however, that the enormous receipts a
this point of corn in the last few day
would be checked, because at present ther'
was premium of nearly &c on cash corr
sold here and delivered for this month
because tomorrow when November begins
, this would be done away with and receipt
would of certainty drop off. A singula
thing in the market feeling about the ale.
is the way brokers are Offering to bet OF
, much lower prices for year wheat On
man is said to have bet $1,000 that whea
would sell for SOC a bushel befor,
the last day of December. He is betting
all the same that year corn will touch 75c
bushel before the last day of December
It would be something that has not occurred
for fifteen years on this board. In July
, 1875, the highest price paid for corn was
1915. for cash, and wheat was S3llc. The
, only way that the price Of the two cereal
can COM within SC of each other any tim
during the present year is by corner il
corn, but this would naturally resul
in a sympathic movement in wheat
t and it would advance in proportion.
r At st. Louis everybody is bearing corn
/ Perhaps this is theioccasion for the storie
which came from there to-day. A letter re
, ceived stated that parties in Nashville ant
, others in Chattanooga have agents in tn
l country engaging corn for shipment
/ These parties get rate of 16c bushe
8 to New York and 1Oc to Chicago, and will
send most of their corn to New York
t Nothing but protracted spell of we
I weather will prevent deliveries of cor1
t in November. The high price and larg,
crops in particular sections will stimulat,
holders of corn to hurry it to market.
A dispatch claims that Capt. Manson,
well known broker there, has just returned
t from a trip from Arkansas, and following