Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-12
PROVISIONS A LITTLE LOWER.
A Review Of the Trade for the Wee
that Has Just Closed.
A BETTER TONE on WALL s. cprrr
Vanderbilt and Gould Sal 4 to be on the
Bull Side-Grange re- Lever.
CHIC

A0Q features or bhe markets
to-oaJ' anu things we're rather quiet on
.cnange and generally tride easier.
Aneie ~as not as much doing as on the
prev .ous day. Wheat to-day fiuctuated
IRE 4uently, but within a small range. This
market was quiet, opening 3s@Hc lower
| than it closed at o'clock yesterday, ruled
firm and sold up 1s@1ac, again weaken
ed, then firned up to the outside prices
of the day, again weakened and at the
close month was about &c lower than it
closed at o'clock yesterday, December
nearly &c lower, January about
the same, and seller May about 1sc
better. Spring was in fair demand and
winter quiet but firm.
The -four market was quiet and slow,
with business lighter than usual and the
usual buyers not disposed to purchase with
the scarcity of desirable brands and the
high asking prices having some influence
in keeping down business. The home
trade have liberal stocks, while the ship
ping and export trade report diminished
orders. Rye -four dull. Bran and all
mill stuffs were going slow and with lin
quiry light.
Corn closed about where it ended yes
terday afternoon. As compared with yes
terday's board prices, it is a trihe little
off. This market was easier and
on the futures traded in
prices averaged lower than yesterdays
figures on change. The decline suffered,
however, was confined to small amount,
| and at the close of business the market in
Dictated depreciation of q on November,
&c or year, and 1s@3sc on January and
May. In the last two months named the
| fluctuations experienced we're limited to
| ia &c. and in year, which was the lead
ing future with traders, to &c. The trad
| ing was only fair. Outside speculative Or
ders were apparently lighter than usual,
| and the business transacted was largely on
| local account. Cash corn met with good
demand. High mixed sold early at the
same prices as No. 2, but subsequently
commanded small premium. No. 2
closed &c lower than Yesterday.
Thingswere quiet in the oat pit.but steady
and with no fluctuations of consequence
in prices. The speculative demand was
limited, and there was only moderate
shipping inquiry. with trade in this line
centered mainly in sample lots. Barley
was rather weak and somewhat unsettled,
the demand being limited and trade slow.
The receipts of rye were light and the
market ruled quiet and steady.
In provisions there was a liberal bust
ness transacted on speculative account,
and early the market was weak and prices
were lower, but later, under an improved
demand, became stronger, and part of the
early decline was recovered.
There was good demand
for spot lard. and this article was strong,
Demand for meats fair, but scarcity of
product suitable to ship. In pork quite
liberal business was transacted at lower
range of prices, decline of 2O@25c per
barrel being forced early but reacted some
and closed at a decline of only 1O6 15c.
The offerings of lard were liberal and the
demand active. Prices early were shaded
5@71ac, but rallied again and closed with
considerable firmness. The arrival of hogs
to-day were but $4,000, and prices ruled
So 1Oc lower, mainly on account of the
poor quality of the receipts.
The course of the provision
market during the past week was decidedly
downward, and the result of the weeks
trading shows a material reduction in
prices established. An unsettled and weak
feeling prevailed throughout the greater
portion, and prices ruled with marked IT.
regularity. The offerings of future de-
livery we're quite large, while the demand
was active, especially for contracts ma
turing after the close of the year. There
was also quite good demand for product
for November delivery the impression
prevailing to some extent that the de-
liveries would not be very large.
as packers could more profit
ably employ their capital
and time in meeting the wants of the ship
ping trade. The receipts of hogs were
more liberal, and lower prices were reached,
which encouraged spectators to increace
their offerings of product for future deliv-
cry. The demand for product for immedi-
ate delivery was little moro urgent, and
packers were enabled to dispose of fair
quantities at fractionary figures. The gen.
eral impression prevails that the packing
for the winter season will fall below that of
last season at least 10 per cent, which en-
courages spectators to purchase quite
freely of product to be delivered after
March l.
It is evident that packers desire to OBJ
tain their hogs and pack the product at
as low prices ~ possible in order to give
little more certainty to profitable bust
ness in tho future, moro especially as
other articles of food have declined ma
tsrially within the last two months. It is
also quite evident that while they are not
disposed to sell very large quantities of
product for future delivery, they do not
feel inclined to check the downward ten
dency Of the market for product, as long
as the hog market sympathizes with it,
and many of them are not doing
much of anything outside of
moderate trading on small loses or profits
Local and outside spectators appear to be
doing the bulk of the trading at present,
some of it credited to parties in leading for