Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-04
THE BULLS AHEAD,
Another Upward Turn in Prices on the
Chicago Board.
CORN DEVELOPS GREAT STRENGTH
Wheat Trifle Weaker, but Supported
by Sympathy With Corn.
SLIGHT IMPROVEMENT IN PORK.
Large Arrivals and Better Pr for
Hogs.
An OPERATOR on THE OUTCOME.
Considerable Activity i'm the Stock Mar
ket on Wall Street.
CHICAGO.
Especial Telegram to the Globe. I

Uieo' Corn more IMAM held Its own. al
though strong effort of the bear element
for time checked its advance, and sent it
reeling for short time, yet it quickly re-
covered, and ended the day nearly cent
higher on the near deliveries, but lust a
shade lower than yesterdays prices in the
winter futures. Wheat did not have the
strength to stand yesterdays appreciation,
having nothing but its natural sympathy
with the corn market to depend on, and
fell way off again. Provisions likewise
took turn downwards, although their de-
scent was gradual.
In the corn pit, where the interest still
concentrated, the market was active. chiefly
on speculative account. and the feeling de-
veloped was considerably unsettled and
prices irregular. The receipts show a
slight decrease, and the shipments were
liberal. Some new corn is being received,
and among the arrivals from Kansas one
load of new corn inspected No. 2. Foreign
adyices were of a favorable tenor, quoting
strong feeling. The market opened at
about the closing figures on change yester-
day, which was shade lower than the
closing figures on the call yesterday after
noon, but under a good speculative de-
mand prices commenced to improve and
advanced 11ac for November. about 1c for
year, and 1s@a4c for next years deliv-
cries, then became weaker, and declined
q q 1c for the various futures, and closed
about q C higher for cash, &c higher for
md In
the closing figures on 'ch ,nge yesterday.
January closed about 115c lower, and May
&c lower. No. was unsettled and sold
early at II up to re with
sale in a special house at
721ac, then down to 7O4c and closed
at about 1890. High mixed about the
same as No. 2. The break was in great
part caused by large offerings called out
by the advanced prices. During the after
noon, although the demand was but mod
crate, eth near deliveries appreciated K@
&c, and were SO quoted on call. The de-
ferred futures remained unchanged. al
though the feeling was somewhat frmer
Regular wheat was fairly active but decid-
eddy lower, November closing about 116c
less than at 1 o'clock yesterday, December
1hsc lower, January lie lower, and
May 1Ic lower. Early sales
were at about lie under
the closing figures at 1 o'clock yesterday,
ruled tolerably steady for tine, but
finally became very heavy under a very
gradually about 1 &c on December and
11ac on January, reacted a trife, then
fiuctuated within moderate range, and
closed quiet at the changes from yester-
day above noted. On the call board there
was better demand and a firme feeling.
but prices did not improve. Spring was
weaker, Influenced by the decline in the
speculative market, while winter ruled
firm, and was in good demand.
The flour market was without change,
being quiet and slow and trading lighter
than usual. Dealers were holding at steady
prices, but were having light stocks to
work from, and were finding it difficult to
get buyers to look at samples. The home
trade have good supply on hand, and
were not willing to pay the asking prices,
while the shipping trade we're buying only
small and broken lots. Rye flour slow;
buckwheat flour in light request; bran and
all mill stufs selling readily and at firm
prices.
Oats were more active and stronger
early in the day, breaking back
later, and at the close were slightly below
yesterday and dull. The demand for cash
was brisk, and prices held firm for the
same, but after the first opening an easier
tone was noticed for the speculative part
of the trade. Samples were going off
more readily, and there was quite a firm
tone to the trade. In the afternoon a some
what frmer feeling prevailed. Rye was
held steady for cash, but dull in all futures.
Barley was more active and higher. There
was good demand from the shorts. cash
being most asked for, and helping future
deliveries somewhat.
The provision market was
moderately active but unsettled, weak and
generally lower, under quite free offerings
of leading articles by prominent operators
and no urgency in the demand. Receipts
of hogs were fair, and prices steady. For
the week the arrivals will be about
$500 head against 139,999 TO, the CORE
spending week last year. Shipping de-
mand for product moderate, and packers
were offering at lower prices. The inquiry
for pork was quite fair, and offerings free.
Prices declined 121s@171ac on the board,
and ruled somewhat lower in the
afternoon. Lard was literally
offered and met with moderate request.
November lard suffered severely and the
deferred options we're shaded. On call
regular board prices held steady. About
10000 hogs of good quality arrived to-day
and commanded a price sc higher than
yesterday.
A big operator said to-day: II place
this corn deal along side of July regular
wheat in Chicago last June, when no one
could be found who would sell it up to II
and ID, as the clique was supposed to
have it, and could do what they had mind
to with it. The result was that regular
wheat went down SO you could not see it,
and no one knew how it ever got there.
Now they talk clique about corn, and to
rrp6