Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-26
The Pork Market in the Hands Of Man.
ipulatOrs for Fall.
POSSIBILITIES OF THF FUTURE,
How Fortunes are Eaten Up by the
Mania for Speculation.
MINNESOTA STOCKS ON WALL ST
Another Uneasy Day but No Panic
Hope OF Early Settlement.
CHICAGO.
Especial Telegram 10 the Globe

CHICAGO, Nov. 25.-To-day wheat sold
higher than it closed on yesterday, and
oats took quite jump up, but otherwise
the markets were weak and depressed.
Provisions held steady through most of the
day, but made up for this by breaking
sharply toward the close. Heavy receipts
and news of any amount of new corn en-
route caused an unsettled feeling in cash
corn, and the condition past noon of the
New York stock market, aided the bears
in making serious inroad in the firmness
lately quality of corn contracted for de-
livery within the next five days. The bulls
have done remarkably we'll in sustaining
prices this month, and will doubtless
be able to prevent any very great reaction
until after the first proximo. They have
November corn yet we'll in hand, and the
clique manipulating will doubtless reap a
handsome profit from their operations.
It has been as favorable month, near
~. for what is known as scaIping deals as
October was. The same parties who have
SO neatly cornered corn in New York have
been successful in their different line of
tactics here and, Kent, DAVIS, Lyons and
others are said to be heavy gamers there
by.
In wheat to-day there was fair specu-
lative business transacted. and the feeling
was somewhat unsettled, but prices
ruled higher. The receipts were
smaller, and there was more desire on the
part Of shorts to cover. Prices were ad-
vanced about 3l@1c over the closing
figure on change yesterday, but closed
easier with about 58c Of the full advance
lost. At the close month was &c better
than yesterday, December about &c high
er, January &c higher, and May &c high
err. The feeling during the latter part of
the day was rather easy. Winter has been
in only light request and quiet, but spring,
although in but moderate request, was
firmer.
The flour market was quiet and for most
qualities weak as to prices, with the guam
tity on sale larger, and buyers are de-
handing something Off to cores
pond with the low freights
from the Northwest, and this has been al
lowed for shipping qualities and lower
grades. The local trade were buying very
little, and exporters were doing the bulk
of business. Bran and all other mill stuffs
were doing better.
The corn market was fairly active and
feeling unsettled, with prices subject to
frequent fluctuations. The feeling was
rather easier, with the weakness most
marked in cash and the November futures.
The receipts were larger and the weather
was again clear and cool, which was favor
able for shipments from the interior. Cash
declined 11ac, Nov. 1c, and year
&c, while the next years futures
varied about nc, fuctuated some
what, and closed 11sc lower for
cash, 1 &c lower for November, 5ac lower
for year, and 3s@1sc lower for January
and May than the closing figures on
change yesterday. No. 2 was in fair de-
mand and sold chiefly at 6715c, this being
the price when car lots came on the mar
ket. High mixed about the same as No. 3.
Rejected sold fairly at opening prices,
which were at but a small decline from
Yesterdays, and soon improved trife,
then weakened, again stiffened and finally
eased off considerably.
Among the oats crowd good demand
for November existed from shorts, prices
advanced 14@115c and closed 1c higher.
Cash No. 2 oats were also in fair request
and 1a@14c higher, offerings light. Other
deliveries of No. were quiet at the same
time, triie under yesterdays closing.
Rejected salable with none offered. Sample
lots were firmer, and met with good de-
mand.
Rye continues firm at yesterdays prices
on account of light receipts.
Among the barley traders the in store
market was inactive, and sample lots were
dull. There is very little No. 3 coming in,
and demand also light. No. in store is
about all held off the market, and consign-
ments coming in are generally offered by
sample. Sample lots were in better sup
ply, for the receipts were somewhat in
creased. Demand light and market dull.
A lot of Canada No. 1, from Toronto was
sold to arrive. at $1.03.
A good speculative business was report
ed il the market for hog products, but the
feeling was somewhat unsettled and prices
irregular. Early in the day the market
was comparatively steady and prices ex-
hibited very little change, but about the
middle of the session weaker feeling set
in and a material decline in prices was
submitted to. Shipping demand moder-
ate. Foreign advices indicated an easier
feeling in that quarter, and prices were
quoted Cd lower on pork. Eastern markets
without particular change. The receipts
of the product were light, and the ship
ments of all kinds quite large. The de-
mand for mess pork was quite active and
the offerings few. Prices were steady
early, but declined 3O@35c during the
latter part of the session and closed tame,
The immediate futures are quiet but a
lively inquiry exists for speculative
options. The offerings of lard we're quite
free and demand active. Prices we're weak
and declined 15@ 2Oc per 100 pounds, and
closed tame. Only about $4,000 hogs were
received to-day, and the market being dull
and heavy. prices receded SO 10c.
An active speculative and fair shipping
business was transacted in provisions the