Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-16
LITTLE CHANGE.
No Important Features OF the Chicago
Markets Yesterday.
ORN MAINTAINS ITS PLACE,
And Prices Stiifen as the Week Takes
Its Flight.
FIRM AND SCARCE.
CHICAGO.
ISpecial Telegram to the Globe. |


inant. That yesterdays advance through
the entire range of the markets should be
sustained was to be expected, notw1th-
standing its amount, for the same infiu-
eneesiwere at work to-day, and 1t IS gen
eral rule that as Fridays markets are Sat
urday's viii be. Unexpected causes, OF
course, may cause wide divergence, but
the rule holds good five times out of six
To-day corn was active and uncertain. but
higher. The near deliveries were slightly
easier, but the winter futures re-
ceived greater attention and advanced
strongly. Wheat, although quiet, contin-
ued It's upward movement. Rye was steady,
Barley dull, and provisions active and
higher. Regular No. 2 wheat was not very
active, but prices were generally stronger,
though not fully sustained, and at the
close cash or October was about 1c higher
than at 1 o'clock yesterday, November
about re higher. December lie higher, and
year 2ac higher. Early sales were at about
1c advance over the closing figures at 1
o'clock yesterday, ruled rather firm, and
sold up some, then became easy, and fell
irregularly about 10 afterward, fiuctuated
within moderate range. and closed as
above stated. The fluctuations were COM
paratively small, being only about 10 on
November, &c on December and &c on
year. Winter was in fair demand, firmer
and 4 C higher. Spring was also in con-
siderable request, and shade frmer all
around. The flour market was quiet and
trading less brisk, still with firm prices
quotable, and the supply of the better
family and bakers brand higher. The
movement has been more liberal, and
shippers bought quite freely this week. Rye
-four was fair, with sales at $3.50 $50 per
barrel. Buckwheat -four was scarce and
quoted al SIS per barrel. Bran and all mill
stuffs were in only fair supply and going
out quite readily at steady prices.
Corn was unusually active, and the feel
ing was considerably unsettled and at
times excited, accompanied with higher
range Of prices. Demand chiefly on spec
ulative account. The year future attracted
the principal attention, and the advance
was most marked for this future. The
market opened unsettled and frmer, and
quickly advanced to point 1@ &c higher
11ac higher for January and May The shorts
bought freely, and trading was very large
at the advancing scale of prices. At the
advance mentioned there was more desire
to realize, and under free offerings prices
declined 1I@1$sc for November, 1@11sc
for seller the year, and about 10 for next
years futures, fuctuated and finally closed
about &c lower for October and Novem-
Der, 111sc higher for year, nc higher for
January, and 15sc higher for May than the
closing figures on change yesterday. The
strength in corn the past two days is
surprise to the bears. They had counted
on their fingers over 100000 bushels
that had been sold the day before in big
blocks, to say nothing of a multitude of
smaller holdidgs, and thought:the strength
must. be all knocked out of the deal. The
facts in support of the other side were:
however, cognant arguments. The visi-
BILE supply at the close of last week is
stated at 666,666 bushels, being decrease
of some $975,OO0 bushels over the previ-
GUS week, a rate which would exhaust
stocks in six weeks more from date, and
there is reason to believe that
the quantity in sight has
decreased more this week than it did last
The present quantity compares with 81,
$4,000 bushels year ago, and there was
then heaps of old corn in first hands
which does not appear to be the case now
Advices from the south certainly do moi
warrant the belief that we shall soon have
any new corn that will grade No. here
outside Of quantities so small that they
should be regarded as samples rather thar
supplies. The trade, too, has been nov
very much inclined to discredit the claim
of a 1,6OO, 900 900 bushel crop. The failure
of the market to break as they ha6
expected caused some who had unloaded
the previous day to think they had better
buy back. They took about .all that was
top, and then fell back, while the shipper:
took all the spot offerings and wanted
more. The relative strength for the yea
was understood to be due to the growing
conviction that year sales cannot be filled
with new corn.
The demand for hog products was active
| and the offerings were free. The marke
exhibited considerable firmness, and price,
on the whole range averaged higher. Ship
ping demand fair, but order
| generally for small quantities. Foreigl
advices rather more favorable, and lart
quoted Sd higher. Eastern markets wer
| steadier, and prices more favorable t.
| sellers. The receipts of product wer,
light, and the shipments fair of all kinds
The inquiry for mess pork was fairly &C
tive, and prices were advanced 5@ 1Oc, an
the improvement was moderately vel
maintained. Cash in moderate demand
and firm; October in moderate. request
December quiet; year in fair demand
January was quite actively called for, and
closed steady. 1t is believed October porl
will pass $25, but that November
cannot be sustained. The little syndicat
will realize what it can out of its squeez
of October shorts, but next month the re
ceipts of hogs will bear prices, and tn
bulls will wish it so, as they want to begin
packing operations. Farmers will rush il