Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-22
A SLIGHT REACTION FOLLOWS.
But Prices Close Fraction Higher
than on Tuesday.
PRo1IHONs SOME STRONGER.
Lite Activity in the Railway Share
Market on Wall Street.
CHICAGO.
Especial Telegram to the Globe

hour thereaf'~r On account of foreign ad-
vices pointins, to complications between
France and Cha, but the strong bearish
feeling which Prevailed overcome what
strengthening influences there were in
newspaper reports, and after the first hour
about all the lists took downward turn.
In the wheat pit trading was quite &C
tive and the feeling unsettled. The mar
ket opened strong and active, and prices
were advanced about 20 over
the closing figures on the call
yesterday afternoon. This advance, how
ever, brought out free speculative offer
ings, and the market became weaker. The
desire to sell was also increased by ad
vices coming from New York, which re-
ported an increase of 100000 bushels in the
visible supply, and further by reports that
some 100000 bushels of wheat in New
York elevators had been posted out of con-
dition. Under the pressure to sell prices
declined 1@11Sc below the outside range,
fuctuated and finally closed about
the same as the closing fig
ures on change yesterday. Foreign
advices qouted firm feeling.
On call the demand was quite active and
offerings liberal. Prices ruled steady,
except for May, which ruled lower. Trad
ing was principally in January and May.
Corn was active and decidly firm early
in the day, selling up 3s@15c above the
closing figures of yesterday, but finally
weakened under free offerings in sympathy
with the depression in wheat, and fell
3s@15c from the highest point, improved
go and at the CLOSE November was about
&c higher than at l o'clock yesterday. De-
cember about go higher. The year 3ac
higher, January 10 higher, and seller May
go higher. Foreign advices we're favor
able. On call the demand was fairly act
i've and the prices steady. Trading was
principally in May. Vessels were On
gagged to carry 10000 bushels.
Oats were more active and stronger
early, and slight appreciation was noted
for all months for future, but quisting off
later, and at the close was about the same
as yesterday. Little business under this
head at best. No. cash sold
readily in car lots offered in
store, while nearly the entire days arriv-
ais were going to the sample market and
doing better on track or free on cars than
could be had for the same goods in store.
On call there was a good demand and
prices we're frmer and &c higher. Trad
ing was principally in May.
Rye was unsettled. Prices ranged I6
l &c higher, but the full advance was not
maintained. The advance was due to a
speculative maneuver,the late call yesterday
causing the deferred futures to advance.
Cash and futures are getting closer togeth
er, for there is now storage charge on win
ter storage receipts. On call, rye was in
moderate request and prices 16@ &c high
er. Trading was principally in January
and May.
Barley continues depressed, and there
was less than the usual inclination to
trade, with liberal offerings of cash fully
supplying all the demands of the trade,
and il was only by selling low that buyers
could purchase with any freedom. No. .
cash was firm for car lots. Fresh white
No. , was only fair sale in Store.
Samples were going out reasonably well.
NOT only the better and brighter cars but
the poor and dark grain has to be sold low
and though about each days receipts are
cleaned up, still no high price was obtain
able for anything, however fine.
In flour no improvement is noticeable.
and the few sales noted are for the wants
of the city, or on forced selling and allow
ing low price for the lower to good ship
ping grades with the feeling one of de
preston generally. Rye flour slow. Buck
wheat was in quite light request. Bran
and all millstuffs were holding firm.
In the market for provisions quite an &C
tive business was transacted to-day. but
the feeling was somewhat unsettled and
nervous, and prices fuctuated considerably
and on the whole range rnlei lower early.
Toward the close, however, the feeling was
frmer and the decline in prices fully re-
covered. The receipts of hogs were liberal
and prices showed little change on desir-
able packing grades. Liverpool advices
showed IL easier feeling in lard, which
was quoted Sd lower. Eastern market
was inc ned to quietness and favored
buyers. Trading was active IN the mar
ket for mess pork. The offerings were
quite free and the demand moderately &C.
tive. Prices ruled easier of the whole
range and declined $50 20e early, but raj
lied again and closed hrm. The shipping
demand was moderately active in the way
of filling small orders. On call pork was
in good request and offerings free. Prices
ruled hrmer, 21S95c higher. Trading
was principally in January and February.
Lard WAS only moderately active
and sold off I2l$ a 15c per
100 pounds at one time, but
resoted in sympathy with pork and closed
~ 95e under yesterdays. There was
less doing in cash, the trade being almost
wholly speculative. New cash held at a
premium of Sc over old or regular. On
sail lard was actively called for and prices
well maintained. Trading was quite
heavy aud was pretty evenly divided
among the future deliveries.
A fair business was transacted in the
market for short rib sides, with trading