Daily globe., 1882-10-03
SHORTS POCKET THEIR LOSSES
That Interest Not as Large as Was Ex.
pected Last Week.
McGEOGH SORRY FOR HIS VICTIMS.
General Gossip on the Chicago Board Of
Trade.
CHICAGO.

transacted on change TO DAY, ana prlceS
advanced all around, Influenced by the
liberal dealings. OF course cash wheat
dropped away off, the manipulation ceas-
ing Saturday with the maturity of the
September option. Spring showed the
difference most, being exceedingly dull
and the receipts liberal. There was no
shipping demand, and little speculative in
quiry; hence prices ruled 12@14c lower
than at the close of last week. No. 2
spring closed at SIC, but on call improved
18@Ac. The lower grades held steadier.
A good deal of winter wheat was also re-
ceived, but there was good shipping de-
mand. Winter closed at 96c, but on call
was slightly easier. Regular wheat was in
fair speculative demand, and although
prices fuctuated frequently within small
range, the feeling was stronger and prices
ruled higher all round. The receipts were
again quite large, but there was apparently
more desire to cover outside contracts for
all futures. Prices were advanced A@1c
over the closing figures Saturday, and
closed within about 15@4c of outside
prices.
Corn showed unexpected activity and
strength. The receipts were light, and
both bulls and shorts were free buyers.
The bears were surprised by the upward
tendency manifested. Trading was chiefly
on speculative account, but shippers
also bought fairly. Prices opened
A@1c better than the closing
on Saturday ruled tolerably firm for
time, then sold up sharp, afterwards weak
ened, then improved again near the close,
October selling up 124c from the lowest
point, afterwards fluctuated some, but
closed firm. Car lots of No. sold at 5915
@6Itsc for round lots. High mixed sold
firm.
Flour ruled quiet and prices were with
out special change. There was some in
quiry on the part of local jobbers and
shippers, but neither manifested any par
ticular desire to buy, and no trading of
consequence occurred. The fact is that
shippers are disposed to hold off for
larger supplies from which to
make their selections and expect to OBJ
tain concessions, and local dealers are
merely supplying actual wants.
Oats were rather quiet, but Influenced
by the advance in other cereals and light
arrivals were advanced slightly all arouud,
The provision market was moderately
active and showed rather strong feeling.
Prices were at times little unsettled, but
Saturdays range was well sustained, and
on the winter futures an advance was OBJ
tanned. There was no excitement to speak
of, and the day passed without any unusu-
al development.
Pork ruled firm, with moderate Auctu-
atoms, but eased off slightly On call
Lard was irregular but strong, the winter
futures advancing 121l@15c and stifening
further on call.
THE SEPTEMBER WHEAT DEAL
will be settled without the little incidents
that marked the July deal. The. ouantit,
defaulted is estimated at 5000. NJ bushels O,
which it is expected that good portion
will be squared up without rasort;np to {
committee. The price for Septembe,
wheat was S1.o7,and late : 81 os was bid b,
the clique. There was como comn,ain;ne
but several dealers some coin pl"le =,
,,u;ao 49, .. a. aoalerS seemed to think tn
Geooh r,;.,,t - 49, oN. 80 l3itant, saying Mr.. Nc
;f 49, ho hna mIg % Il. eas' ~ have run it up to ST.
sovs ha ah.n1" ~ ito. Mr.. McGeoch himsel
deal and tr 1tely hated to go into thei
- led hard to have the short
-uo,1d .o prices under dollar, but the
In oil fhoco vuk, =,
49, ~ settle will be spotted, and he wi
M ,r make trade with any of them agai
20. deliveries of cash wheat, Saturda
|e re- placed at about 100000 bushel
" hioh, with the stock in store, is suppes'
+ % be in the hands of those alleged to ha
rum the deal The puzzle now is how tn
will get rid of the property without loss
THE EFFECTS OF THE FROST.
A gentleman writing under date of Sci
80, from the central part of the state, as
the actual damage sustained by reason
the cold snaps, says:
ssThe recent frosts have had the effect
seriously injuring the late oorn, of viii
there is considerable IN Livingston coun
probably one-fourth of'our crop being
such shape as to be damaged. It is 81
to estimate that two-thirds of {
crop this year is already ont of the way
frost, and about one-sixth is 80 far alo
that only heavy frost would injure it,
remaining one-fourth, being still q
ought to feel the effects of recent Q
nights. It is probably quite safe to e.
mate that the corn land in Livingston CO..
ty will this year show up from TWEEN
two to twenty-four bushels Per a
for an average. There
many hundred acres on which not over
bushels per acre will be gathered this y
Hundreds of other acres will yield o
eight to ten bushels, but there are
many hundred acres that will yield II
fifty to sixty bushels of splendid corn.
the figures we have quoted above our ii
may be called two-thirds Of an aver
crop, the State board of agriculture de'
mating 33 bushels fair average crop
Illinois. We have this year seen so
fields of corn that gave promise of
magnificent a yield as was e
gatheAd in Livingston county. WI
tiled and untitled land lie together