Daily globe., 1882-11-11
The Damp Weather ana Rumors o.
Manipulation the Impelling Cause.
FLOUR SCARCE AND VERY FIRM.
Hog Products Slightly Lower, Owing
to the Efforts Of Packers.
4 BULL RAID IN WALL STREET
Lake Shore, Canada Southern and
Western Union Features OF the Day.
CHICAGO.
Especial Telegram to the Globe.1

CHICAGO, Nov. 10.-A strong advance in
the corn market to-day had marked in
huence on all the cereals, causing 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
1t was frmer and higher. The continued
unsettled weather throughout the West,and
probable influence upon the receipts as
we'll as upon the character of the inspec-
tion of the current arrivals, resulted in de
veloping a strong feeling in both cash and
speculative circles; the tendency OF the
movement rather favored sellers, and as a
consequence higher prices prevailed.
Based on Yesterdays closing figures
cash No. 2 and high mixed corn closed
at an advance of &c, Move nber &c, year
&c, Jauuary114c and May 1sc. Business
in all departments of the market was ac-
tive throughout the session. November
corn was actively sought, and the buyers
largely outnumbered the sellers. Conpe-
tition III an unsettled market mus have
cnusiderable effect. Witt the amount on
hand dangerously small there is constant
fear of corner in this option, and scalps
are invited whenever a bull movement is
started. The big operators are success
fully milking this market, which must
continue to be IN a most favorable condi-
ton for the success of this operation. In
the forenoon, although the inquiry was
we'll maintained. slight reactl Oh from
board prices occurred, the figures receG-
ing l4@5ac.
In the wheat pit, in sympathy with the
advance in corn, the feeling was stronger,
and the range of prices at which to-day's
business was transacted was go q c higher
than that on change yesterday. The out
side figures realized, however, were not
sustained, though at the close the ruling
prices indicated an average advance of 1sc
q $5c. The trading was considerably bet
ter than on the former days Of the week,
and at times the market exhibited quite
fair degree of 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 a mar
row range, the whole difference during the
session having been 558 C on seller the month,
&c on December, &c on January, and &c
on May. At the close the feeling was
rather firm and 4c higher than yes
erday on seller the month, 11sc higher
on December, and 11sc higher on January.
During the afternoon a somewhat easier
feeling prevailed; board prices being shad-
ed tritie, and both spring and winter
were in good demand and firm.
For flour 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 a 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 flour slow. Buckwheat flour
dull. Bran and all mill stuffs in liberal
supply, and selling lower.
Oats were active and stron-
ger. showing an advance
all around, other markets aiding ten
dency started by slight decrease in the
receipts. During 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.
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 portion of the de-
cline was recovered. Foreign alvices
were without important change, and the
eastern markets we're comparatively steady.
The receipts of product we're small and the
shipments moderate. The demand for
mess pork was moderately active, and
later in the day the market weakened and
prices receded 2O@ 3Oc, toward the close
rallied 5@1Oc, and ruled steady. The
offerings of lard were fair and the demand
active. Prices we're firmer and averaged
215@ sc higher per 100 pounds. but out
side figures were not maintnined. Cash
was active and in good demand, engross-
ing most attention and being considerably
stronger than the futures. In the after
noon both pork and lard were offered
freely and sold lower, lard easing off 211a
@5c, and closing, except for cash delivery,
at prices shade lower than
yesterday. About 10000 hogs were received
to-day. Although the market opened very
strong it soon weakened. The quality of
to-day's arrivals will not grade as high as
those of the past few days, which had some
influence on the market. The decline for
the day was 5@1O
The committee appointed by President
Durham, of the board of trade, to deter
mine the value of No. 2 September wheat,
met at 3 o'clock. The members of the