Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-17

Foreign advices indicated quiet and
steady feeling IN that quarter and the
eastern markets were little stronger and
prices more favorable to sellers. The re-
ceipts of product were somewhat larger
and the shipments quite liberal of all
kinds. Adams says tonight: "In
reVieRing our markets to-day we
would give provisions the benefit
of the head lines because they showed
commendable disposition to force them
selves out Of the rut of depression and
assume the independence of movement
warranted by the general situation, and
only delayed by the prevailing want of
spirit. For time prices of hog products
advanced sharply, and while the full ad-
vance was not sustained We think we see
in it foretaste of what is sure to come
sooner or later in all of the markets.
Farmers have evidently been moving hogs
in many instances rather hurriedly,
under a fear that prices were liable to be
lower and corn higher, but it is undoubt-
edly poor policy to hurry stock off for
for fattening, and there is large amount
of corn not well adapted for other than
feeding purposes, and il will pay better to
feed It than to market it otherwise, even
at some reduction in prices Of hogs"
Quite an active business was transacted
in the market for mess pork, especially in
the longer deliveries. The offerings
were liberal and the demand unusually
blisk, particularly from shorts. The mar
ket opened rather firm at slightly advanc-
ed prices, but with liberal offerings TINS
improvement was lost. Later, however,
the feeling was decidedly stronger, and
prices gradually improved 15@ zoe, but
settled back again to medium figures and
closed steady. The shipping demand was
moderate. On call there was a fair de-
mand, but prices were shade lower ex-
cepting for February. Trading was prin-
cipally in the January and February
deliveries. A good business was
reported in the lard market, though large
ly on speculative account. The demand
was active during the greater portion Of
the session, and the. offerings moderately
large. Prices were frmer and advanced
5@71ac Per 100 lbs. early in the day, bu t
receded again 21a@5c, and closed COM
paretively steady. The demand for ship
ment and refining were fair. On call lard
was in active request and prices were
steady. Trading was principally in Janu-
ary and February. The de mand for short
rib sides was moderate and
the offerings not very large. Prices were
stronger early, and ruled 21a@5o higher
per 100 pounds, but the improvement was
not fully maintained.
The shipping demand was fairly active.
Offerings almost exclusively of partly
cured lots. On call there was good de-
mand and offerings were fair. Prices
ruled easier. Trading was large, but was
confined to January and February deliver
les.
The season of winter storage for grain
has begun. 1t will last four months.
During that time storage will accumulate
up to 4e as maximum, and then will go no
further until after April Is.
A dispatch from Iowa says that distilers
pronounce the new crop of corn unproft-
able for their business, and they cannot
use it.
A New York telegram of yesterday reads
as follows:
There are now in sight 100000
bushels of wheat ,and cash is selling at 96c.
At this date in 1879, there were 6,000,0
bushels more in sight, and cash wheat was
$1.15, November 81 Is, with $1.32 paid
Dec. so.
The shipments of whest from Chicago by
canal during last October aggregated
15L,025 bushels, all of which
went to the mills at Lockport.
A dispatch says that there are only $4,000
quarters of good wheat in Liverpool, the
rest is all poor stuff.
A paper was circulated on change yes
terday und freely signed, asking that ar
rangements be made for compiling q week
ly statement of the visible supply of grain.
The New York statement is open to so
much criticism that many people doubt
its value TO the trade. Blunders in filling
out the blanks in use at the board of ira de
clearing house are so numerous that q
change is asked for. Some people think
that the blanks are much bigger
and more unwieldly than there need
to be. The bears say that there will be
plenty of wheat here next month. One
firm alone has sold about 100000 bushels
to arrive in December. New York opera
tors seemed to be very bullish on wheat
yesterday, rather, it would appear, on the
anticipation than the reality. The utter
Generalization Of that market may be in
ferred from the following: A carload OF
choice No. spring wheat was recently
bought on track here at SOC per bushel and
was ordered to the Belt railroad for trans
fer to private warehouse. By some mis-
take it was taken to an east
ern railroad and forwarded to
New York. The owner here ordered it to
be held there, ana the consignees claim
that they did their duty in selling it at 75c
per bushel. That is loss of not much
less than SOC per bushel, after allowing for
charges of transportation. There would
seem TO be literally no market for cash
wheat IN New York, partly owing to the
Vicious lowering of quality there by the
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