Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-03
.IyELY BOUND OF MANITOBA.
Peter McGeOch's Default and His EX.
= planatiOn.
THE ADULTERATION OF WHEAT.
Heis Determined to Put a Stop to the
- Practice.
CHICAGO.
Especial Telegram to the Globe.

Especial Telegram to the Globe.
CHICAGO, Nov. 2.-To-day saw a wonder
full improvement in all the principal grain
markets, and strong feeling of sympathy
In provisions. Wheat showed unexpected
life, and corn astonished everybody by It's
buoyancy. 1t caused a genuine scare and
general rush to buy. The end is not yet
either, the feeling tonight being firm and
strong, and the belief prevalent that to-
morrow will see continuance of the ad-
vance, and that if a break should occur
buyers would rush in and check it. To-
days rally started as usual in the corn
pit, where the day opened with a
strong feeling and better prices all
around. Manipulation by the bulls start
ed the movement, while small receipts and
favorable foreign advices helped it on
Then the shorts took alarm, and it seemed
as if everybody was buyer. Outside or
ders, too, were much more numerous than
they have been Of late. In the scramble
the advancement was rapid. Early in the
day the market ruled steady at an advance
of I@ac, and later became active and
advanced an additional 1s@Ac, with year
and cash showing the most strength,
auctuated and finally closed about
214c higher for cash, 11sc
higher for November, 1870
higher for year, 19@Ac bigheS for
next years delivery than the. closing
figures on change yesterday. No. corn
was in active request. In the afternoon
there was no siminution Of the demand
but rather an increase; prices stiffened
further 4@$5c and closed firm. On call
nearly two million bushels found sale at
these figures. The charters were announced
to be 245,000 bushels, but a broker who
ought to know something about these mat
ters claims that several engagements were
cancelled and. the actual charters
for corn to-day did not fall
far short of a half million bushels.
Wheat sympathized strongly with corn,
and, although only moderately active, was
much frmer. The tone of the market to-
night is much better than at the close OF
yesterday. The receipts were moderate
and shipments fair. Foreign advices were
of an unfavorable nature, and the volume
OF business done was not large, yet at the
close month was about l K higher than it
closed at o'clock yesterday, December Mc
higher, January Bc higher and May
1c higher. The : early sales
were at $s@1sc advance, eased
off tride, then became firm, and sold up
IG1c from the lowest. point, eased off
again, afterwards improved some, then
tfuctuated and closed tolerably firm. In
the afternoon prices continued firm.
Winter was in fair demand and sitter.
Spring in only moderate demand, firm for
the speculative grade, but easy on the
lower grades.
Flour continues slow, and it has been
difficult to-day to bring about trading for
any quantity, with the scarcity of
stock and high asking price keep
ing buyers away. The home
trade were picking up the finer Minneso-
tas and the choice winters, while shippers
were looking after the good sacked stock,
and no great trouble was had in selling the
low grade stock. Rye -four was slow. Buck
wheat -four was dull. Bran and all mill
stuffs were doing we'll.
Oats we're stronger for cash and all
futures. with light offerings of cash and a
lively demand for the same and a higher
corn market bringing about an apprecia-
ton for deliveries. No. cash was in
light supply. Samples were going
out readily, and at high prices
for the better. The frmness continued
throughout the day.
Rye showed more life, but the supply
was large and prices eased off again.
There is no change in barley.
|. A moderate speculative business was re-
ported in, the market for hog products, and
irmer feeling prevailed during the
greater portion of the session, accompanied
with fair advance in prices: The more
deferred deliveries attracted considerable
attention. Shipping demand fair, but Or
ders. generally for small quantities.
Stocks Of = all kinds light.
Foreign advices Indicate =
the easteQ markets were compare
lively steady. The receipts for product
were light, and the shipments not very
large. The inquiry for mess pork was
fairly active, and the market ruled firmer
and prices 15@25c higher and closed
steady. Cash in fair request; November
in good demand; December and January
quiet, and the more deferred deliveries
more actively called for. The offerings
of lard were free; the demand active
Prices were stronger and 5@1Oc
higher, closing steady. In the after-
noon both these markets were quite
active, the former selling a shade higher
on call than on the regular board, while
the latter held firm. .s
The arrival of hogs to-day is estimated
at 21,5OO. Yesterdays receipts were 81
sS1. The quality to-day has been fair, and
the market stronger at SC. q 1Oc. advance.