Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-06
PROVISIONS BADLY CORNERED.
Armour and Hutchinson Owners OF
the Entire Stock on Hand.
THE NEW ISSUE OF L. & N. STOCK.
SpeculatiOns as to the Future Course Of
Railway Shares in Wall Street.
CHICAGO.
Tspecial Telegram to the Globe.

CHICAGO. oct. 5.-Iho markets on
Change for the leading cereals and hog
products were again frmer and higher to-
day, mainly, however, on account of spec
ulative Influences. Regular wheat was a
to 11sc higher; corn advanced Ito 111ac.;
oats = to &c; mess pork zoe. and lard 5
@10c. As bear remarked to your cores
pondent, it is getting to be safe venture
to let your money on the side your knowl-
edge and common sense argue cannot win.
little time ago corn was wavering alter
nately going up for fear of a frost, and
tumbling down again because of the grow
ing weather. At last the
dreaded frost came and that
cereal, instead of climbing right
up as it ought to according to all tradi-
lions, fell right off. To-day, with the Their
mometer at 7S, corn was as bullish as if it
were settling day of big corner. There
No. 2 sold up to 95c, but eased off some
what on call under more liberal offerings,
and closed at about 94Ac. November at
one time sold at 96c, but eased off a quar-
ter of cent. There was more desire on
the part Of speculative operators to buy,
and the foreign advices were favorable.
Winter was in active demand early, and
advanced strongly; touching 81, and this
had its influence on No. 2. The receipts
were only moderate, and the shipments
exceeded the income nearly $4,000 bushels.
Flour was steady and firm and in moder-
ate demand. Local jobbers made few
purchases, but generally bought small
amounts. Later in the day lower grades
weakened little, and trading was more
active. Stocks continue light.
In the corn pit an active speculation
was again transacted, and the shipping de-
mand sas also very good. The feeling was
somewhat unsettled, and prices subject to
numerous fluctuations and averaged higher
all around than yesterday. The receipts
were small, and as all offerings appear to
be taken up readily for shipping purposes.
Shorts were rather more disposed
to provide for their outstanding
contracts. Yesterday afternoon
on the call there was somewhat of an ad-
vance established, and this morning the
market ruled a shade lower at the opening
and declined after some fluctuations 10
&c below early prices, then commenced
to rally and advanced 14@11sc, Auctuated
and finally closed about 14c higher for
seller; October and cash, 11ac higher for
November and year, and Bc higher for
next years delivery than the closing fig
ures on change yesterday. On call the
nfforiprc moro froo ond rrioac ,u1od q If
tie easier. The sales reported on the call
board aggregated a million and third
bushels,
Cash oats were scarce and demand very
fair. There were also fair orders on the
market for futures. Seller November
in particular was in good request. These
features, coupled with the improvement in
other Cereals, created a firm market
and prices were. higher all round. In the
afternoon further advance of IA &c
was sustained.
The boom in provision does not abate
one whit. The demand for hog product
ions was quite active, and good business
was reported. Sellers, while offering prop
'erty rather freely, were little more indie
pendent in their views, and firmer feeling
prevailed, accompanied with a moderate
advance in prices for all the leading arti-
cles. The shipping demand was fair, but
offerings for Immediate delivery were
light. Liverpool reports were q little
more encouraging to holders, and
lard was quoted Cd higher. Eastern mar
kets were stronger. The receipts of pro-
ducts were moderate, and the shipments
fair. The enquiry for mess pork was ac-
tive, and the offering free. Prices ruled
stronger, and were advanced 1O@15c or
the whole range, and closed with consider
able steadiness.
Pork was the great center of attraction
and commanded more attention than eth
er lard OF meats. The days upward move
ment was also more marked in mess porl
than in any other department. of the trade
November and the late winter futures wer,
regarded with most favor by buyers. o.
call prices ruled irregular, the near option
weakening somewhat, but the winter de
liveries stifening wonderfully.
The demand for lard was brisk, and tn,
offerings were liberal. A frmer feelin,
prevailed, and prices advanced. On cal
prices were a shade higher, the gain beinl
2H@5c.
For the first time in several weeks tn
winter futures in lard and pork all com
7mand premium. just at present shor
ribs are vieing with the other hog product
in climbing up. Armour owns all the rib
in the market, and is putting prices wher
he will realize good thing in his enormou
wholesale trade. He claims to want 70
this 100000 more barrels of pork than h
has on hand, and he holds more than hal
the amount in store in Chicago. ]
is now conceded that he has th
pork deal and Fairbank and Hutchinso
the lard deal for October and November.
DUNHAM's CANDIDACY.
Some of the old heads ON the board VII
do not personally like President Dunbar