Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-05
PROVISIONS MUCH
CHICAGO.
Especial Telegram to the GIobe]

ing markets were generally weak and lower on
cereals and stronger on provisions. Flour con-
inued quiet and trading light for the day, with
fair cali from tha homo trade and good outside
orders, but scarcely desirable grade was pre-
venting bushes. and making it impossible to
fill orders. TIE liner family and bakers brands
holding steady, but the stock most called for
was good bakers brands and down to lower
grades, and it IS said quite quantity could be
sold at about The rates now ruling. Rye flour
was slow. i'-an and millstuffs in light supply
and selling g. former prices. Sales included
125 barrels double spring ca ira Minnesota at
$500
For wiRter wheat the demand was good and
the market ficr. Spring wheat regular No. 2
was weak. There was a quiet business and
prices were generally easy, and at the close Octo-
Der was 4 jower than at l O'Clock yesterday,
November about 35c lower December &c lower
and January about &c lower. There was a
slight improvement Yesterday afternoon and this
morning, the market opened about 14c better
than 1t closed at l o'clock, but there were free
sellers and p-ices quickly weakened, falling off
about &c, tEen frmed up and improved about
sc, again weakened &c, then -fuctuated
slightly, closing quiet and easy, on the regular
board. On call it was actively called for, and
prices were shade higher, withssales ofkabout
100000 bushels, chiefly of November and De-
Cember. Foreign advices were frmer, but New
York easier. Tre receipts were moderate, and
the visible suppiy rs reported showed an increase
ofnearly 500 Ot9 bushels. Trading was chiefly
of local speculative character, not many out
side orders being received. Some of the largo
scalpers bought carly and sustained prices come
what, but there genuine buying by the
bulls. Rumors OF trouble in the grain trade in
England ald New York had
depressing effect towards the close
of the daI and prizes hal to give way under the
excess of offerings. Leading operators predict
lower prices.
Corn was qaiet and rather easy, selling off
about sc from yesterdays closing, but ruled
steady, the While alctuation OF the session hav-
ing been only 80 from the close yesterday,
Nov. 3 lover, year35c lower, and May about
&c lower. Tns first sales were at about the
closing figures on Change yesterday fell off u
@35c, iIGp;Dv9d some, then again declined and
closed rather w9ak. The weak feeling in wheat
had some influence on corn. On call there was
a moderate activity and prices were not so
strong, with sales of 600, 900 bushels, chiefly of
NOvemhe- ead May. A scarcity of freight room
and shippers ard vessels were chartered to car
ry los, 800 bishols. Loadings in the country
are keeping up well. Leading commission
houses see n0.atag to advance prices, but advise
the purchase VI hay corn.
Oats were dull throug ghout the session snd
trading f)r h day moce than usually light,
with a steldy aue carly, but slow and weak
oaed of later fot q closing The business in cash
was almost entirely in the sample market
and few We've willing to operate
for all futures. No. 2 cash
sold slow. On cali the market was quiet and
steady, with alas OF $4,000 bushels, December
and May. My oats are regarded as purchase,
as it is thou /. .lit the option is cornered.
Rye was la1re quiet and about the same
prices were ~ .eg. Still there was less activity
and the usla- ouyers were slow to purchase.
Prices VIZ, ng5.er on call, with sales 1900
bushels psc.u.-r.
Barley $ mora quiet for the speculative
market aad lover prices were quoatablo
a while fa- sample trade, and this COM
prised al The e. a stuff. The feeling was one of
great depression, and it was next to an impossi-
biIty to o5tain q fair sale. The receipta were
larger t1o-e vas little call for even the etter
grades, white for the poor it was difficult to get
a buyer to loJz at the sample. No. cash was
fair sale.
In prov ions fair degree of activity was
noticeable, bu the feeling was somewhat un-
settled and p-ices huctuated considerably,
though coniued within moderate range. The
demand for the near deliveries was fairly active
and prices were we'll supported, while offerings
of the deferred deliveries were more free
and prices ruled lower. The receipts of
hogs were liberal and prices ruled 5810c |
lower, but this had but little effect the mar
ket. Foreign advices indicated an easy feeling |
in that quarter, and lard was quoted Sc lower. |
Eastern markets were quiet and prices without |
material change. Shippers were favored with |
fair orders, but the extreme prices demanded by |
sellers tended to check business. The receipts |
of product were light and the shipments liberal. |
Trading only moderately aative in the |
market for mess pork. The offerings were not |
very large and the demand was only fair. |
The deliveries were comparatively steady, |
but the longer deliveries ruled 5@1Qc lower. |
The shipping inquiry was fairly active on call, |
and prices were a shade higher, with sales of A.
900 barrels January and February. Much in
terest attaches to October ribs. Armour aud |
the Chicago Packing company paid IS .65 this |
evening for October short rib sides, which IS a |
premium OF Sc over November, which shows the |
month as enormously oversold. The advance |
to-day was 45c, and higher prices will yet be
seen. Some 10000 pounds Of October ribs sold |
on call.
Only fair business was transacted in lard, |
the offerings on speculative account being mod |
crate and the INJURY not particular urgent ex-
cepting for October delivery, which ruled with
considerable steadiness. The deferred deliveries
were easier and sold at 59l0c decline per 100
pounds and closed rather tame. The inquiry on
shipping account was fair. On call the offerings
were fair, and it was in good request with sales
of 5000 tierces October, year and January. Fair
bank & Hutchinson on call jumped the October
option to $7.92AS, which is premium of 571Ec |
over November.
The stock of flour in Chicago aggregates 3s,074
barrels.
a well known member of the board of trade |
IN long interview thus reviews the present |
situation IN the wheat market. "We are evi- |
IDENTIFY upon the eve of a concerted and powerful |
effort to bull wheat. To show how how futile |