Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-25
CHICAGO MARKETS.
The Most Excited and Unsettled Market
Witnessed for Some Time.

CHICAGO, February 24-To-day developed
one of the most unsettled and excited mar
kets witnessed for some time. Trading was
very unsatisfactory, it being impossible to
execute the majority of the orders according
to instructions, and merchants were d decidedly
embarrassed. There were numerous and
large stop orders on the market to close out
between 81 20 and 81 % for April. This
feature closed yesterday on call at 81 27J0
%, opening to-day panicky, with free sell
srs and comparatively few buyers, and sales
at 81 sc to 81 "a, at the same time making
it almost impossible to execute orders as
desired. The reaction from inside prices was
quite rapid, with not much trading at the
extreme figures OF the day. Prices h0ctuated
within the range Of 22tc, and closed PC lower
for April, 2sc for May and about &c lower for
June than the closing figures on Change yes
terdsy. Receipts and shipments were small.
Outside advices were decidedly unfavorabie
Cash was quiet at 81 23GI 24a, April was
the chief center of trading. The feeling was
alternately panicky and strong Sales were
made at 81 2Sa91 got, with rumored sales
at 81 %. The opening was the most demon
allied for weeks. Practically there was no
opsnipg. The pressure to sell was so great
and the fear that the alleged Combination"
had sold out 80 demoraIized the feeling that
sales were made at from 81 26 down to 81 "a
aim Jst at the same time in different parts of
the crowd, and rumors also of sales at 81 26(.
then off quickly to 81 23f and possible sales
at 81 %; but reacted quickly at the decline.
and prices rallied, advancing rapidly, fluctu-
ated mildly, and closed as above mentioned
May was quite active, ranging irregularIy
from to 2lc under April, with sales at
81 223Cdl PSI, closed at 81 23i bid, and was
as badly demoralized as April There was
scarcely any market in June, quotably 2IG
Sc under May. On call wheat was unsettled
and Irregular. Aoril was again panicky,
ranging from 81 % to 81 32s asked The
fluctuations were rapid. Sales on call were
/ ,2S5,000 bushels.
Corn was unsettled to-day and prices ruled
very irregular and averaged lower The
market opened weak at code lower and fur
Their receded t@4c. Toward midday
the market was steadier and rallied :
@4c, but settled back again aG1sc and ruled
tame to the close. Speculations were mainly
in deferred futures. The shipping demand
was fair, and the Elstern markets easier.
The market closed Hole below the closing
on Change yesterday. Sales ranged at 81
May. On call prices were higher and
sales were 725 900 bushels, cash.
Oats, in const quence of small offerings,
were comparatively steady. A fair business
was done in long futures, but near deliv.
cries ruled quiet. Speculation was sympa-
thetically weak and prices lower. The de-
msnd for cash was moderate, but equal to
the supply. Sales ranged at 413@42fc cash,
40@40sc March. On call oats were a shade
higher, except for June. Sales were large,
being 120, 600 bushels.
offerings of pork were liberal and the de-
mand quite active. Prices declined 4O@5Oc
on the whole range, and closed steady. Cash
quiet; sold early at ST. 1876 closed easier at
SIG 65(9l6 20; March sold at SIC 60(d,l7 %.
On call prices were 10G15c lower. Sales
were $4,000 barrels.
Lard was in brisk demand and offerings
quite large. Prices declined 20925c, closing
steady at those figures. Sales at 10 25GAl0. 35c
cash, 10 272@10.45c March. On call lard
was quite active, the Gales being $50
tierces. Prices were irregular within a mar
row range