Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-11
BULL RAID IN WALL STREET
CHICAGO.

CHICAGO. Nov. ia strong advance In
The corn market today had marked in
fuence on all the cereals, causing a frmer
feeling to prevail and better prices. Pro-
visions alone favor the bear element, both
pork and lard going another notch down
ward. Corn. the occasion for this change, !
had steady course upward. On the board
it was tirmer and higher. The continued |
unsettled weather throughout the West.and
probable influence upon the receipts as
well as upon the character of the inspec-
ton OF the current arrivals, resulted in de-
velopiny strong feeling in both cash and |
speculative circles; th9 tendency Of the |
movement rather favored sellers, and as a |
consequence higher prices prevailed. |
Based on yesterdays closing figures |
cash No. and high mixed corn closed
al al advance OF PC, November l &c, year
&c, January14c and May sc. Business
ill ali departments Of the market was &C
tive throughout the session. November
corn was actively sought, and the buyers
largely outnumbered the sellers. Compe-
tition in an unset ed market must have a
considerable effect. Vita the amount on
hand dangerously small there is a constant
fear Of a corner IN this option, and scalps
are invited whenever q bull movement Is
started. The big operators are success
fully milking this market, which must
continue to be n most favorable condi-
ton for the success of this operation. In
the forenoon, although the inquiry was
we'll maintained. a slight reaction from
board prices occurred, the figures receG-
ing 1l935c.
IL the wheat pit, in sympathy with the
advance il corn, the feeling was stron ger,
and the range OF prices at which to-day's
business was transacted was go q higher
than that on change yesterday. The out
side figures realized. however, were not
sustained, though at the close the ruling
prices indicated al average advance Of 1sc
@3sc. The trading was considerably bet
ter than on the former days OF the week,
and at times the market exhibited quite a
fair degree cf activity. During the morn
ing hours, particularly, the demand was
both active and general. December and
January were the favorite futures with
traders. The fuctuation was within mar
row range, The whole difference during the
session having been IS On seller the month,
20 on December. }sc on January. and &c
on May. At the close the feeling was
rather firm and &c higher than yes
erday on seller the month, 1sc higher
on December. and sc higher on January.
During the afternoon a somewhat easier
feeling prevailed: board prices being shad
ed tribe, and both spring and winter
were il good demand and firm.
For -four the inquiry was limited, and
the market ruled quiet. Prices are quota
bly, unchanged. Buyers are merely sup
plying actual wants. evidently expecting to
purchase at concessions, and trade is slow.
Now and then lot OF some particular
grade or brand is called for, and this COM
prises about the whole trade. The home
trade have liberal stocks, and were not free
to purchase, unless reductions would be
allowed, while exporters were packing Up
all lots that could be had within their linn
its. Rye -four slow. Buckwheat flour
dull. Bran and al mill stuffs IN liberal
supply, and selling lower.
Oats wero active and stron-
ger, showing an advance
al around. other markets aiding a ten
dency started ~ q slight decrease in the
receipts. Daring the afternoon the de-
mand increased and prices offered were
still higher. Barley opened stronger, not
withstanding larger receipts, but became
dull later, and lost its advantage. Rye was
in moderate demand, but without official
change.
A good business was reported in the
market for hog product to-day, but the
feeling was somewhat unsettled, and prices
ruled irregular. Early in the day the mar
ket was stronger and prices were slightly
advanced, but the offerings for future de-
livery were largely increased and prices
receded rapidly during the middle of the
session. Toward the close the feeling was
steadier and a portion of the de-
cline was recovered. Foreign advice:
were without important change, and The
eastern markets we're comparatively steady
The receipts of product were small and the
shipments moderate. The demand FOL
mess pork was moderately active, and
later in the day the market weakened ant
prices receded 20@ soc, toward the clos
rallied 50I0c, and ruled steady. TIL
offerings of lard were fair and the demand
active. Prices were frmer and averaged
215 q &c higher per 100 pounds, but out
side figures were no. maintained. Cas-
was active ara in good demand, engross
ing most attention and being considerabl.
stronger than the futures. In the after
noon both pork and lard were offere'
freely and sold lower, lard easing OFF p,
csc, and closing. except for cash delivery
at prices. a shade lower thai
yesterday. About 10000 hogs were receives
to-day Although the market opened YER
strong it soon weakened. The quality O
to-day's arrivals will not grade as high q
those of the past few days, which had som
influence on the market. The decline fo
the day was 90 Zoe.
The committee appointed by Pr4sider
Durham, Of the board of trade, to detel
mine the value of No. Sepd4nher whea
met at O'Clock. The madbers Of th
committee are H. G.. Raney, II. j. Slate