Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-18

in the hog markets. The feeling was not
SO strong, and prices declined IN all the
leading descriptions. Shipping demand
rather light Foreign advices exhibited
no material change, and the Eastern
markets we're comparatively steady. The
receipts of provisions were light,
and the shipments fair of all
kinds. The inquiry for mess
pork was moderate and prices declined
1O@15c, and closed quiet. On call the
tendency continued, October closing at
$24,1O@ 24,3O. The demand for lard was
only fair, and offerings moderate. Prices
declined 3@715c, but closed steady and
continued steady during the afternoon.
The GLOBE reporter was shown the con-
tents of confidential letter sent out by a
firm on Change yesterday regarding the
markets. The letter indicated that a
strong bull movement & was daily
anticipated by most of the far
sighted members and longs.
buying of future options and wheat for
the near future was advised. The coun-
try was steadily buying corn Yesterday,
all supposed to fill lines of shorts thrown
out some time ago. This was true espec-
tally of corn sold to be delivered anytime
this year. May corn is not much looked
after just now. Corn advanced very lively
yesterday on Change, but when it COM
menced to raise heavily at about 12 o'clock
the bulls started in lively to buy
and the shorts to cover. In
spite of this it closed easy
on Change, but very firm
on call, but seemed a little strained at the
call board closing figures. B. P. Hutch
inson was noticed to be buying May corn
heavily, and prominent member said last
night: Il tell you, boys, if Kicker was
alive now corn would be at y cents instead
of 6S5s.
The light receipts and sluggish move
ment of grain, especially corn and wheat,
is explained by an Omaha elevator man
and heavy grain shipper to this point. He
says that here is not the lively movement
Of grain that was expected two months ago,
not because of any shortageof crops, but
because holders of grain believe in higher
prices that they claim must prevail, owing
to short receipts, before the close of win
ter. The dull market is complained of by
farmers and country shippers everywhere.
Farmers will not have to dispose of their
corn at once in order to raise money this
season, as most of the farmers through
Iowa, Nebraska and Kansas, especially the
two latter states, are great deal more
prosperous this year, and no grasshoppers,
famine or tornadoes have caused panic
among them. The amount of corn in Kansas
and Nebraska, is fully up to estimates of
the crops, while Iowa is coming out better
than at first expected.
There will be more hogs fed and raised
this year, as farmers are beginning to re-
alize, so the Omaha man says, that it is
much more profitable at So a hundred for
live hogs to feed them the corn than to
sell it at 60 cents bushel.
There is the old feeling cropping up that
has been set forth time and al Sain in these
columns, that wheat is too cheap at present
prices.
The s'bluff'' is sometimes heard on
change. Yesterday there was a case of
this sort on the call. An extensive opera
tor bid for 100000 bushels of corn for
future delivery, not expecting anybody
would take his offer. Some one in the
room, however, said he would sell the corn,
but he was not generally heard, and the
caller did not notice him. Under the rules
when the caller does not recognize sale
there is none, but the seller in this case in
sisted that he had sold the 100000 BUSH
els, while the bidder claimed he had not
bought it. The matter was set
tied by putting it to q
vote. The boys jokingly declared
it sale. This made the buyer angry,
and he bid hitter skilter for million bush
els lick, and would probably have taken
the whole corn crop of the country several
times over if anybody had offered it, The
price was run up a cent, and the bull took
a single five thousand lot ct the top price
and retired blushing, but apparently not
dissatisfied, because the bluff had loaded
him with little more corn than he had
bargained for. News is received
that Mr.. Charles Randolph, secretary of
the board of trade, had landed in Phila-
delphia from Europe. He will come at
once to Chicago and resume his duties on
the board. Mr.. Randolph has been absent
from the board for very nearly six months.
He was granted six months leave of alb
sence May 1, and left the city, accom-
panied by his two daughters, for Europe
on that day. His vacation ends exactly
on November 1. He will take charge of his
Office at once. He has been travelling
in England, Scotland, Ireland, and spent
several weeks in Paris. His health has
improved greatly since he left.
The following amendments to sections
of the board of trade rules which relate to
the appointment and services of members
of arbitration committees, was posted on
change and elected much comment among
the members. It touches upon matter
of great interest, and should be thorough
understood before being voted upon.
The rule now reads as follows:
Section 1. In the hearing
OF any lease of controversy,
before the board of directors or before any
committee of the association, no director