Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-05
[Republished from Sundays edition.l
THE MARKETS.
Little of Note in the Condition Of Trade
Generally Yesterday.
THE GRAIN MARKETS. VERY QUIET
A Stronger Feeling Developed in Wheat,
But Prices Normal.
CHICAGO.
lspesial Telegram to the Globe


iative influences, but towards the close
quietness set in and part of the advance
was lost. Wheat was active and strong
selling Hp irregularly about 4c, then
'eased off slightly and at the close Novem-
Der was about 60 higher than at o'clock
yesterday, December 10 higher, January
20 higher and May go higher. The feel
ing was strong at the very opening and
the first sales were at go advance in the
closing figures at 1 o'clock yesterday,
ruled strong with a brisk short, and
speculative demand and prices advanced
irregularly about 3sc, eased off 20, then
changed slightly, closing rather weak. The
English markets we're reported firm, but
the nervous feeling among the shorts, and
their liberal purchases to cover was the
principal reason for the firmness. Lead
ing operators who have been considered
bulls, sold steadily and largely, but it was
all taken, some by shorts, but more by
parties who believe in its value. The
many and heavy failures reported doubt
less had some influence on the market, but
nevertheless a strong bulllsh feeling was
developed. G. A. Maier was heavy buy
or and was sustained by a large
following Of outside traders. The large
decrease in stocks at Liverpool is doubt
less giving the bulls some encouragement,
but they rely mostly upon the change in
sentiment which after all regulates prices.
In near deliveries the options ranged
strong and active, while the more deferred
fJtares were quiet, but still held steady.
Corn was active and generally higher,
though the trading was attended with a
good many fluctuations and at the close
November was about 20 higher
than at l o'clock yesterday December
&c higher and May 4c higher
The demand to-day was largely from the
shorts, who were frightened by the move
nents Of prominent operator, who it was
rumored was making a vigorous effort to
control the near futures. Sympathy with
the firmness in wheat also helped to ad-
vance corn. The full advance, however,
was not maintained, and the market closed
fully 56c below the highest point of the
Gay. Vessels were engaged to carry H.
600 bushels.
Oats were steady and firm, selling for a
slight advance both for cash and for all fu-
ture deliveries. There was not much doing
Tor the speculative trade. Orders were
Light but the frmness in wheat and corn
gave the market stronger tone. No. 2
was scarce in store, nearly all the entire
arrivals going to the sample market and
selling for higher prices than could be OBJ
tanned in store. Early in the day trade
was good and values steady. The demand,
however, being only moderate was soon
supplied and the market closed dull.
fair quantity had to be carried over.
In the market for barley it
was difaoals to bring about
any trading or to sell the cash
offerings at any reasonable or paying price
with not enough speculation to hold rates
firm. No. and the lower grades were
slow and for the poor and dark grain quite
dull. No. 2 cash sold fairly for fresh re-
eeipts AID going largely in store, while
all other grades have to be sold entirely
IN the sample market.
Rye Was ksm and prices higher. Long
futures were in good demand and offerings
only moderate. The market was also IN
duenoed by she advance in other grain.
Cash rye was taken against sales
for future delivery. Little or no shipping
demand. Vessels were engaged to carry
$4,000 busbels
In flour hfeless condition was noticea-
bly,. Hardly any sales were possible for
She day, with the finer family and bakers
brands steadily held, but all shipping and
export stock fell and could hardly be sold
at all. Rye -four quiet. Buckwheat flour
slow. Bran and all millstuff were dong
we'll and holding at firm prices.
In provisions trading was comparatively
light, especially during the early part of
the session. The feeling was
quiet and somewhat unsettled, and prices
rather irregular within o small range,
ruling lower early, then advancing slightly
toward the clore. Shipping demand mod
crate. Foreign advices show no important
changes except for pork, which is ruling
lower. Eastern markets steady. The re-
seipts of product we're light, and the ship
nents were quite large of all kinds and
widely distributed. The grain markets be-
ing generally hrmer and higher caused a
much better feeling in provisions than
would Otherwise have existed. Inquiry in
mess pork was moderately active and Of
feriugs fair. Prices ruled easier and 2I5
@5o lower early, but rallied 5n1oo
later in She day ahd closed comparatively
steady. The shipping inquiry was fair in
the way Of Alling small orders, Trading
was moderate in the lard market, and
there were very few changes to note. Of
ferings were not very large and no partic.
uler urgency in the demand. Prices ruled
rather easy early, but advanced 2I5 as
per 100 pounds toward the close and ruled
steady. Shipping inquiry moderate. In
short rib sides q moderate demand pre-
vailed for the deferred deliveries and the
market raled stronger and prices 2JS a
so higher per 100 pounds.
Offerings were not very large.
The foreign demand for hog products dur
ing the past week was rather light vet
showed little improvement on the week
previous. The advices from Liverpool ex-
hibited little more strength, and prices