Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-12
vanderbilt q
Bull Ad Gould Said to be on the
Changers Lower.
CHICAGO.

Ilarly marked features of the markets
,-day, and things were rather quiet on
change and generally triae easier.
There was not as much doing as on the
previous day. Wheat to-day fluctuated
frequently, but within small range. This
market was quiet. opening 3$@1ac lower
than it closed at o'clock yesterday, ruled !
firm and sold up 1s@sc, again weaken
ed, then irmed up to tho outside prices |
of the day, again weakened and at the
close month was about 11sc lower than it
closed at 1 o'clock yesterday, December
nearly 4c lower, January about
the same, and seller May about &c
better. Spring was in fair demand and
winter quiet but firm.
The -four market was quiet and slow,
with business lighter than usual and the
usual buyers not disposed to purchase with
the scarcity of desirable brands and the
high asking prices having some influence
in keeping down business. The home
trade have liberal stocks, while the ship
ping and export trade report diminished
orders. Rye flour dull. Bran and all
mill stuffs were going slow and with lin
qui1y light.
Corn closed about where it ended yes
terday afternoon. As compared with yes
| terday's board prices, it is trifle little
off. This market was easier and
on the futures traded in
prices averaged lower than yesterdays
| figures on change. The decline suffered.
l. 20 oil
and at the close of business the market in
dicated a depreciation of q c on November.
&c on year, and 10 &c Oh January and
May. In the last two months named the
fluctuations experienced were limited to
10 &c, and in year, which was the lead
ing future with traders, to 7sc. The trad
ing was only fair. Outside speculative Or
ders were apparently lighter than usual,
and the business transacted was largely on
local account. Cash corn met with d good
demand. High mixed sold early at the
same prices as No. 2, but subsequently
commanded small premium. No. 2
closed &c lower than Yesterday.
Thingswere quiet in the oat pit, but steady
and with 10 fluctuations Of consequence
| in prices. The speculative demand was
| limited, and there was only a moderate
! shipping inquiry, with trade in this line
| centered mainly in sample lots. Barley
was rather weak and somewhat unsettled,
the demand being limited and trade slow.
| The receipts of rye were light and the
market ruled quiet and steady.
| In provisions there was a liberal bust
ness transacted on speculative account,
and early the market was weak and prices
were lower, bat later, under al improved
demand, became stronger, and part of the
| early decline was recovered.
There was good demand
| for spot lard, and this article was strong,
Demand for meats fair, but a scarcity of
product suitable to ship. In pork quite a
liberal business was transacted at lower
range of prices, a decline of 200 25c per
| barrel being forced early but reacted some
and closed at decline of only LOG 15c.
| The offerings of lard were liberal and the
demand active. Prices early we're shaded
| 5@71sc, but rallied again and closed with
considerable frmness. The arrival of hogs
to-day were but $4,000, and prices ruled
Sc Oc lower, mainly on account of the
poor quality of the receipts.
The course of the provision
market during the past week was decidedly
downward, and the result of the weeks
trading shows a material reduction in
prices established. An unsettled and weak
feeling prevailed throughout the greater
portion, and prices ruled with marked ir-
regularity. The offerings of future de-
livery were quite large, while the demand
was active, especially for contracts ma
turing after the close of the year. There
was also quite good demand for product
for November delivery, the impression
prevailing to some extent that the de-
iveries would not be very large,
as packers could more profit
ably employ their capital
and time in meeting the wants of the ship
ping trade. The receipts of hogs were
more liberal, and lower prices we're reached,
which encouraged spectators to increace
their offerings of product for future deliv-
cry. The demand for product for immedi-
ate delivery was little more urgent, and
packers were cuaDlcO I'd dispose OF 1a1r
quantities at fractionary figures. The gen.
eral impression prevails that the packing
for the winter season will fall below that of
last season at least 10 per cent, which en-
courages spectators to purchase quite
freely of product to be delivered after
March l.
1t is evident that packers desire to OBJ
tain their hogs and pack the product at
as low prices as possible in order to give
little moro certainty to profitable bust
ness in the future, more especially as
other articles of food have declined ma
terially within the last two months. 1t is
also quite evident that while they are not
disposed to sell very large quantities of
product for future delivery, they do not
feel inclined to check the downward ten
dency of the market for product, as long
as the hog market sympathizes with it,
and many of them are not doing
much of anything outside of
moderate trading on small loses or profits.
Local and outside spectators appear to be
doing the bulk of the trading at present,
some of it credited to parties in leading for