Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-14
CHICAGO MARKETS
Il LITTLE MORE SETTLED IN TONE
THAN ON TUESDAY.
Corn Still the Leading Feature-Transac-
lions and Prices-Some of the Lucky
Prospects OF the Corn Crop.
Special TELEGRAM TO the Globe.l

anG a steatiicr feeling prevailed. This was
yor.! eorrespon DENTS idea at the close of
yesterdays tralaactions, and the reaction
then produced IS now fairly begun. Cereals
and provisions joined in the rally, pork
always sympathizing strongly with corn,
following it step by step inits fluctuations.
The probabilities to-day are that the i'm
provement viii be gradual for some days
at least, the uncertainty as to the weather
making any decisive = movement
by either bulls or bears just now
very hazardous, in corn more especially.
The prospects Of fine corn crop are to-
day good, but single frost, always prOba-
bic at this season of the year, would have a
most serious effect on the yield Corn
south Of a line in the latitude Of Spring
field, H., is now sufficiently advanced to be
considered out OF danger. The line is
moving north every day, and ere the ter
mlnatlon Of another week the whole crop
Of the northern states may be counted safe
provided no deteriorating Influences inter
tere. That corn has been held too high until
the break is an admitted fact.
was not nearly that amount Of last
years crop remaining on hand. As recent
happenings have demonstrated, producers
have boarded much more than has been
thought expecting the yield of 1882 to be
short, and high prices as a consequence.
AS the season advances and this state of
affairs becomes more and more unlikely,
much OF this surplus is moving toward
the city. These facts have their tendency
to bear the market and curtail the extent
OF the improvement. The shorts have
been to-day quietly endeavoring to fill in.
Everybody IS sold out seem
ingly. Al the beginning OF the
furry, the weaker operators t1mbled in
what they held; then the medium class,and
finally many of the stronger commission
firms had to close out stuff that had ex-
hausted its margin. To-day the call for
margins closed, everything now held being
covered against almost any possible ext
gencV. There were no failures, nor were
any new sufferers announced from New
York. a steady line OF outside orders has
been coming IN to-day at existing prices,
bet brokers had been in the main protect
ing themselves.
On the regular board spring wheat was
IN fair demand and higher. Cash No. 2sola
at 991ac@99%, closing at about $3.50. No.
3 was quiet at s5@s71sc; rejected nom
inal, with nothing doing in speculation
Winter wheat was fairly active and high
er, and stronger feeling developed. The
offerings of cash were not SO large, and
the demand from speculators and shippers
good. No. 2 red sold at 993s@99%c,
closed at about 99%c. 10. was quiet
and steady at 9A11s O. CSC. Rejected sold
at CSC; September sold to a moderate ex-
tent at 991s@1oo4c., closed at about
99Bc; October sold sparingly at $50, and
year to q light extent at 9711s C. There
was stronger feeling in regular or No. 2,
owing IN a measure to the falling off in
the receipts, and largely to local influences.
Although rather unsettled it was in the
main firm, and seller the month closed
at about &c higher than at p. N. yester-
day; October ct go higher;
November &c higher, and year
nearly unchanged. The market opened
firm at about 70 advance On yesterdays
closing figures, sold up 3s@Ic on Sep
tember, but less on longer options. Later
it weakened. September declined sc bat
afterward recovered considerably, and
closed firm September at 99%c@S1;
October at 932sc; November at e411s, and
year about 94c.
Corn was fairly active although irregular
The general feeling being much stronger,
and at the close cash No. 9, September and
October were Il higher than at the close
Of yesterday November 1c higher, and
year 111sc, The market opened firm at q
gle advance, ruled firm and improved
slightly, but soon weakened under free
offerings, fell Icon September 21lc On Oc-
tober, 1179c on November and 24c on year,
finally stifened again, sold Up 1@7Lc,
eased off again, improved and
close and firm. Car lots of No. closed at
65Ac, high mixed at 644@651Sc, and re-
jected at &c. September closed at 65M@
551ac; October at about 633c; November
at Gle; year at 54B@55c; January at SOL
G5OBc, and May at 521sc.
Oats were easier earlier in the day. but
recovered and for most of the session ruled
above yesterdays close with the offerings
OF cash lighter, the better tone Of other
markets helping 10 better range. No.
sold at 31119@315sc; No. white at 34I
@3411ac, and rejected at 27@271Sc, sample
lots bringing higher rates. Options al
though changed showed something of an
advance, September opening at 314c,
touching $3.50 and closing at 312lc, Octo-
Der closing at 30Xc, November very
dull at size, year at 314c and May
firm at s911sc.
Rye was slightly above yesterdays prices,
but very dull.
Barley was active and stronger, with
good demand for cash, and all futures
| higher.
Pork was moderately active and finn
and higher, selling up 35@4oc per barrel,
closing firm. Cash ard September
about the same as October. October
ranged at $19.s0g2015, and closed a.
| $20.0716@20.1O; November sold at 1925
@19.45, closed $19.4o@ 1929; year sold
S18.571s@ 1880, and closed at SlS.77h@