Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-26
A Heavy Reduction in Pork and Other
Hog Products.
LARD ROBABLYTOUCHEDB BOTTOM
Expectation Of Higher Rates for Live
Stock at st. Louis.
THE PACKING SEASON AT HAND.
The New York Stock Market in the
Hands Of the MOguls.
CHICAGO.
Especial Telegram to the Globe.

Especial Telegram to the Globe.
CHICAGO, Oct, 25.-The unsettled condi-
ton that has marked the markets for the
leading cereals and provisions during the
week, continued undated to-day. Wheat,
after material fluctuations, closed the day
very nearly where it began. The highest
and lowest points reached by corn were
considerably apart, but it closed only a
fraction under yesterdays price. Hog
products suffered in the longer futures,
but the near options refused to be bull
dozed. Regular wheat was only moderate
ly active, opened weak and fell off fully
three per cent. from the closing figures
yesterday, but afterwards be came strong
and sold up about 1c, then
eased off some, afterwards
fuctuated within a moderate range, and at
the close seller October was about nc I'M
der the closing figures at / o'clock yester-
day, seller November about 11sc under, sell
Ter December nearly unchanged, and seller
the year also unchanged. There was but
little business in October, with only mod
crate trading in year, the speculative bust
ness being largely in November and De-
cember. On call the demand became more
brisk, but prices did not materially change.
Spring wheat to-day has been fairly active
and steady, winter in good demand and
firmer. The receipts of wheat to-day were
smaller. The -four market was quiet, and
tending lighter with the scarcity OF
desirable stock and the higher asking
prices for the same preventing business.
The home trade lower; bidding for the fin
est Minnesota and the better winters have
about cleared the market, while shippers
and exporters were taking quite a quantity
of shipping grades and the low grade
stock.
The demand was again quite active on
speculative and shipping account, and
quite alarge business was transacted. The
feeling was somewhat unsettled, with prices
during most of the day ~auctuating within
the same range as yesterday. The receipts
were again quite free, 1888 cars of all kinds
against 329 cars yesterday. Foreign ad-
vices quoted corn strong and New York
was quiet. The market opened
a shade frmer, but under liberal specula-
tive offerings prices declined A@1Xc for
the various futures. At this decline the
speculative demand became more urgent,
and prices advanced 1H@14c for this
years futures and 5000 for next years
delivery, fuctuated and finally closed
about Nc higher for cash and October, Ic
lower for November and May, the closing
figures on change yesterday. No. 2 in
good demand, but when ear lots same on
the market prices declined somewhat on
account of free receipts, and first sales
were about 694@6SHc, then sold to 694c
and closed at about CSC. Round
lots opened nominally at about
&C., sold off to &c., then up to 691ac. and
closed at about SO c. On call the offerings
were few and prices not quite so strong.
Regarding the immediate prospects in this
market opinions differ. Many who have
been strong bulls all along are now rapid
ly turning bears. All reports from the
country indicate developments Of corn from
everywhere, and plenty on the way. No
one seems to know what to do with his
cereals. Hobbs was credited with selling
corn, while Lyon & 'Hutch" were buyers.
The visible supply report will show a slight
increase this week, it is thought, and corn
is commencing to move from the southwest
There were only 93,529 bushels of corn
in store here Oct. 81, against 1865 one
-roo1, --o1o-. I-k &lo% for-o. ~.--l
has been nearly doubled, it is said, by the
large receipts now, and any attempts at a
squeeze for this month, now SO nearly
over, will prove useless. Concerning the
date of the arrival of the new crop it is
stated Tennessee and Alabama nave a con-
siderable surplus about ready to ship. 1t
is alleged that Jno. Bensly says that in his
twenty-five years experience he can re-
member only two years when No.
2 corn arrived here in large
enough quantities to affect
the market before January.
The fall of 1871 was very dry and warm.
and in October of that year large lots of
corr reached here and graded. The corn
crop that season was short, but it got to
market very early. Francis Kenneth has
the figures, he states, to show the dates for
the last four years upon which new corn
was graded, and has been delivered on con-
tracts at Chicago. In 1878 new corn
graded on December 1; in 1879 on Novem-
Der 10; in 1880 on November 80; and in
1871 on November. The difference in
views is confined to the nearness of
the date of the break that shall
place this grain where the
large promised new crop warrants. A
year ago this day corn was high, but it
was then worth only 624.
Oats were. unsettled and early in the
day lower. but worked up gradually to
above yesterdays close. Rye was dull,
and lower prices ruled. Cash was in fair
request, but nothing doing in the futures.
Barley was slow, and for all grades of cash
duh and particularly for the poorer quality
with futures holding above previous prices.
But the large offerings of poor samples and
the forcing the same On sale was having its
influence on all grades of cash for the
present. To-day barley is worth 81 c,
a year ago it sold $1.06; rye at 59c is 44c-
- - -I1-1 %%.olS O~% OK 1901