Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-20
FALLING FIGURES.
Nearly all Of the Chicago Markets Active
and Lower.
DRN EXCEPTIONALLY STRONG.
Evidence Of. the Manipulation Of the
Clique in Year Futures.t
FLrCTuATIONS IN HOG PRODUCTS
The Packing Season Promising Well,
Though Little Late. Il
ESPECIAL Telegram to the Globe. ]

Especial Telegram to the Globe.
CHICAGO, Oct. 10.-The markets behaved
very peculiarly to-day. An uneasy feeling
prevailed, and the fluctuations were sud
den and marked The general tendency
at the opening of the days business was
upward; at its close downward. Corn
alone on some options closed higher than
yesterday, prices OF the near futures and
May delivery being we'll sustained through
both the regular and call board sessions.
but on the curb later in the afternoon it
finally eased Of and lost its advantage.
Lower prices are predicted for to-mor-
row, unless the clique gives this
market another turn or the
shorts are too eager again. As natural
consequence of the lively fiuctuation of
corn, that cereal is the topic of CONVERSE
ton all over the country, and is attracting
the most attention of any speculative ne
dunn dealt in on the board of trade. The
excitemen there OVERT continues undated
and times are looking like the olden days
of the corner last year. The corn pit is
not anything adequate to trade in on
'change, and the crowd Of corn dealers are
taking possession of the entire
floor, having used the large wheat pit for
some days. The babel and confusion on
Change is great, Wheat and provisions
are forgotten, while oats, barley and the
seeds are only traded in By old standby
spectators in those seeds and grains, and
by shippers and receivers. Yesterday old
Hutch stood bravely up on to the call and
took all the May corn clear up to 5sc, but
grew t,ifie weary at these figures. Lind
bloom was seen buying heavily. while
well known brokers of the
syndicate who are limited at
being inclined toward corner. we're buy
ing year corn quite lively. Hobbs, who
sold year corn yesterday. was busy buying
it back again, and it is said is out little
day on change and about the alley,
81 understand,' said prominent bro
ker, shat the visible supply reports will
show over million bushels decrease in
corn to-day, and with October options less
than.a cent premium over November, I
confess don't see the prudence Of selling
November short. They say that some one
is running corner.a.in corn. Why. it is
cornering itself without any aid from
cliques or combinations. The receipts to-
day are only 100 car loads by rail, and
about 5000 bushels by canal, and don't
believe any will be sent here at present
prices. Those fellows who sold short
clear over their heads are now trying to
get out of the sc-ape, and that's what
causes the corner. Il extends al; over the
country, and no combination in the world
could help matters a!ong.C, Corn is good
for 75c bushel before Nov. 1. Wheat is
also in a fair shape for an upturn.'
To-day buyers were nearly
equally plenty Lester was heavy taker,
and others of the old crowd which recent
ly unloaded. Dows continues to ship corn
in large quantities and the receipts now
are not over quarter Of the shipments:
The stock here is being rapidly depleted.
st. Louis parties have BEEN heavy buyers
within few days, coming here to FL in
their short deals.
On the board to-day an active demand
existed, and the feeling early in the session
was quite strong, with prices ruling
higher all round, but later became
weak under liberal offerings and declined
materially. All cash corn was in brisk de-
mand at somewhat light prices, evidently
for shipment, and the speculative demand
was also urgent. The receipts showed q
slight increase as compared with the ar.
rivals Of yesterday, but foreign advices were
favorable, and New York reports also
encouraging. The market opened "a q
higher and advanced an additional ia 5as
per bushel, and then receded and tiuctuated
for some time within range o.
9@%c and finally declined t.
about 111s@1A below :he outside prices
reached, fuctua:ed and finally closed
about &c higher for cash and October, ~
higher for November, 1ssc lower for year
sc lower for January, and c higher 10,
May than the closing figures on 'changs
yesterday. On call. although very unset
tied the brisk demand caused a further
advance in these options selling Oh the
regular board, while a trife weaker feeli1fs
prevailed in the other feat ures. Later IL
the day corn was sold on the curb at lower
figures. Sales being reported 1aQ3S
under the figures then obtained. Regular
wheat was fairly active, and early in the
session was shade higher than yesterday
ruled tolerably steady for time, then be-
came weak under a general desire to sell
and fell of fully lc from the highest point
afterwards improved some, then fuctuated
and at the close October was about IL
lower than it closed at o'clock yesterday
November 1c lower, December 1c lower
and year 1c. lower than at ]
o'clock yesterday. The outside price
in November during the session
wac about zc over the outside price or
Change yesterday. On call there seemed
to be better feeling and prices advanced
1sc. Winter was quiet and easier, an d
spring, although fairly active, also closed
easier. 1t was thought prices would
not have been SO well sustained yesterday
as they were, had it not been for the heavy
purchase of Milwaukee parties. which
aided the belief of a squeeze at the