Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-22

November opened at 62l ic fell as low as
61S4c, closed at 631sc and 1ac higher
on call between 63l{c at which figure
$4,000 bushels were sold.
Year ranged at 541s a So &c and closed at
551sc,and sold at 555s q 5524c on call where
2S5.00O bushels were Sold
January sold between 1890 and 50Bc,
closed at 5O34c, and at 50%c on call.
May closed at 52115c and on call at 5255s8
@53c.
TRICKS OF THE CALLER.
There should be rule, said commits
sion man yesterday afternoon prohibiting
the person who acts as caller on the call
board from trading in the market. The
speaker had been shouting himself hoarse
trying to buy some corn. He sat a little
to the left of the caller pretty well in
front, and there was no good reason why
he should not have attracted the attention
of the official with the gavel.
Is the caller interested in the market,
asked the reporter?
Yes, was the reply. He's bear, and he
hates to see this stuff go up.
Is it possible for the man in the callers
desk to influence the markets?
1t is the easiest thing in the
world. Repeated calling Of an offer to
sell without'seeing buyer, shouting off
an option if the crowd is rushing it up be-
fore the buyers are through, all these little
tricks count for a great deal. Further
more, these little crookednesses, like those
practiced by the pitcher in ball game,
are rather sins of omission than OF COM
mission, and while they are effective are
hard to point out, AID not easy to
prove. A competent caller, added the
speaker, should be paid handsome salary
and then should be prohibited from trad
ing.
THE WHEAT DEAL.
The wheat now steadily stifens. It is
active ard higher all around and the
shorts are heavy buyers. The wet weather
also has its effect. There is now no doubt
whatever that the McGeoch, Aramour, Ker-
shaw crowd have the cash wheat and the
assertion made by a prominent receiver
and shipper that they were taking all the
car lots of wheat offered serves TO prove it.
Cash wheat is only about 81 cents lower
here than in New York, and everything
points to squeeze by the longs. They
are dealing in No. 3 spring and winter
grades, and in two days they have put the
price up 4 cents a bushel.
No. red sold in New York yesterday at
$1.0715 and here on call at $1.O4 bushel.
The longs sre apparently not as yet trying
to squeeze the shorts OF to run corner
but the mad rush to fill the big line of
wheat out by the sellers has created the ad-
vance in prices. They realize that the
market is largely oversold in wheat as well
as in corn. Foreign advices yesterday
were all unfavorable but New York was
frmer. The boys are beginning to realize
that Chicago markets do not depend on
foreign prices at all. The receipts of wheat
both spring and winter are much smaller
than usual. and all seems favorable for a
huge corner.
To-day September sold at $1.022{ a 1.O4,
closing at $L0311l 1.031a, and on call
easier at $1.O355@1.O31s.
October sold at 9511 4 a 96c closing at $3.50
and on call easing to 9515@955sc.
November range from 9415@94%c clos
ing at the later, on call easing at $3.50
9421c.
Year sold from SO @943sc with sale
or two at 941 &c, closed at 9455c and drop
ping on call to 9414c.
Winter wheat was in good request and
ranged from S1.O315@1.O4, closing on call
atS1.O3@1.O4. September 9s55s @9s34c. Oc-
tober 975s@9Sc. November 971s@ csc.
1t is. thought that McGeoch will continue
to advance September wheat, and if the
weather is favorable squeeze the bears
badly. He will not be likely to drop his
wheat before the end of the month as it
would break the market and make him
heavy loser whereas now he is coming out
in very fair shape with good thing to be
made out of his shorts. '--.---..
OTHER PRODUCTS.
Oats are quite active on call closing at
33G3314c 4c September and October; s32I
@33c November; a21a@325sc year, and
3455s@34Bc May.
Rye is irmer and 1c and &c higher clos
ing on call at 5924G61c September; COLI
@61Kc October: 64@641ac November;
6O1ac year. Rye has been unduly depress-
ed and ought to sell nearer to the price of
corn.
In the -four market to-day local jebbers
made few purchases and confined their
inquiries chiefly to winter wheat fours.
Spring wheat fours are quiet and but lit
tie new arriving as yet. Shippers are do
ing but little and only taking an occasional
lot The market is quiet and common to
choice Minnesota $4d6.5O for common to
fancy and patents $6.75@s.
Pork continues moderately active and
! irregular, at least for the near delinquent.
The tendency was a little unfayorable for
holders, yet yesterdays figures were well
supported and at the close prices were 20c
higher for November. The last named fu-
ture was the strongest deal on the list.
Late futures were quoted the same
as October which sold at $21.27
@21.45 and closed at S21.40@ 21.421aa
! On call prices ruled higher again on the
new deliveries. September which had
quite boom closing at .s21.371% q 21.55:
(. snI