Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-20
A Slight Fall, Succeeded by. a Rally in
That Cereal.
H0GPRODUCTS STRONG & ACTIVE.
The Indications Fav0ring Steady Prices
and Large Packing Operations.
OPERATIONS IN WALL STREET.
The Northwestern War-A Conference
in St. Paul To-Day.
CHICAGO.
Especial Telegram to the Globe. ]

Especial Telegram to the Globe
CHICAGO, Nov. 18.-All grains opened
higher to-day, the weather and all outside
influences tending toward an upward
Toward noon, however, the
sun made its appearance, receipts proved
to be larger than usual, and the idea that |
European war is to occur and affect
prices, was laughed at. Taking advantage
of this the bears made concerted effort
to depress the markets, and to an extent |
succeeded in so doing. Early ia the day |
corn sold 1c over the closing figures on the |
board, but in the reaction 1t lost this ad-
vantage and further cent and three |
quarters. Year corn was an exception to
the other deliveries, holding its own
through the period of weakness, and clos
ing but trifle under Fridays prices. The
decline in wheat was lost consequently.
The corn market to-day was exceedingly
nervous, though fluctuations in prices Gov
cred rather moderate range. The move
ment was very Irregular, and speculative
trade was very unsettled throughout the
session. the changes experienced being more
than usually frequent. Seller the year was
again the leading feature with
traders. November was easier than
yesterday, and closed 1lic lower than
yesterday on change. Year averaged
M@4c higher than yesterday, but closed
1ac lower. The latter futures were frmer,
but closed &c lower. In the speculative
branch of the market the trading was quite
active. Cash corn was 1@11ac lower, but
comparatively steady under a fair demand.
The wheat market was quite steady.
Fluctuations experienced were confined to
a moderate range, and the prices at which
the days business was transacted were al
most the same as the figure realized on
| change yesterday. The trading, however,
was little slow, and at times during the
session comparatively quiet feeling pre-
| vailed. December, January and May were
the favorite futures with traders. At the
close November was &c lower than yester-
day, December 5sc, January &c, and May
&c. Winter was in fair demand, but
prices unsettled and somewhat easier.
Spring was tolerably firm and in moderate
| demand.
Flour was steady and firm. There was a
moderate demand, chiefly on export &C
count, but the local trade is light. Choice
spring and winter wheat flours and low
grades suitable for the export trade, were
inquired for to some extent, and supplies
not large.
There was fair trade on speculative
accoun! for oats. The receipts were light;
early in the day prices were higher, but
the reaction brought them down very
close to yesterdays close.
Receipts of rye were light, and demand
no better. Prices are firm. Barley is
quiet and somewhat easier.
The market for hog products was active
on speculative account, and the shipping
was fair. The feeling was unsettled, and
the range of prices averaged lower on all
the leading articles. Foreign advices
showed reduction of I'd in pork and an
advance of Sd on lard. Eastern markets
steady. The receipts of products were
fair, and the shipments quite large of all
kinds. The inquiry for mess pork was &C
tive and the offerings free. Prices were
weak and 100 15c lower. Cash quiet. The
demand for lard was moderate and the Of
ferings fair. Prices were easier and de-
clined 5@1Oc per 100 pounds and closed
weak, cash in moderate request. Indica.
tions of large arrivals of hogs next week.
Influenced the product market. Only
1900 were received to-day, and sold read
lily SC above yesterdays figures.
The past week has been charac-
terized by fair activity in
provision circles, and, while values have
fuctuated to quarter or less degree, the
changes, as a rule, were not radical, ex
cept in one or two instances. The con
sumptive demand is reported good, and
while the weather has not been favorable
for shipping part cured products, there i:
no fully cured to speak of here. The outge
shows up quite literally, especially of lard
and the outgo would probably have beer
considerably larger had the weather con
ditions been more favorable. So far it ii
reported that few deliveries on November
contracts have been made. In the case o,
pork, week ago cash was selling at {
premium of 81 per barrel over the Novem-
Der option, but now there is no premium
and while some deliveries were made dur
ing the week. the receiver generally found
buyer for the property to send out to the
consumers. Indeed, some purchases were
made of November some time ago, by mer
who wanted the property to ship, but die
not feel justified in paying the large
premium, but are anxious to have the porl
delivered them now. Cash lard still COM
mands small premium over the Novem
Der option, and the shipments are large
AS compared with the closing prices OF
change one week ago, cash moss
pork shows decline of 81
per barrel, while November declined 80,
per barrel and the longer options 5@1Ot
per barrel.
There is nothing very new regarding
hogs or products. We are having un
seasonable weather, and this tends to cur
tail shipments of products and retards in
terror packing operations so that fewer