Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-13
CHICAGO.
Especial Telegram to the Globe.

tODeClt1 le1eSraIn the JlODe.
CHICAGO 12.-The prevailing excitement
on change did not abate to-day. Yester-
days drop OF five cents in corn caused
feeling of uneasness, that the uncertainty
concerning the disposition of the 100000
bushels belonging to the Kicker estate, and
flying rumors of failure among the longs
added fuel to Mo- October was very ac-
tive and irregular, opening at 81 cts. The
shorts were brisk buyers fat this
figure to fill in, causing temporary
rally which brought the market up to 63
cts. This was but transient. however, an
other bad break occurring when the nature
of the demand became apparent The
market touched COZ. but assuming frmer
tones later closed at 62115 q 62% cbid,
Sept. delivering was offered freely, but
found only moderate de-
demand, selling at l6124 to 6415. cts
on THE regular board and closing
on cal at 64c. This was somewhat encour-
aging to the longs-the regular board
having closed at 63. November was ac-
tive but irregular with sales at 5S15 q
6098, closing on call at the latter figure.
Year corn was fairly active at 5315 "a 5415.
closing at 53558. January was quiet. clos
ing at 5018 q 5015, and March at 51}I q
81. The fine weather and outside markets
perhaps increased the depressing effect
today. January corn was selling at ST.
Louis at So, and there were reports OF
Kansas corn being contracted for delivery
this yasr at 42c. OF course the fluctuations
and scare have produced a general call
for more margins, and this in turn
has caused a general
shakiness among small dealers. Nor are
the small fry the only ones hurt. The com
mission frm of Reed. Lash s Co. lost. and
suspended to-day, suffering leading line
of cash and futures to be sold under the
rule. AS the step was taken in self protec-
ton, their customers being long on the
market, and although having met the de-
.mand for margins to yesterday, some of
them now failed to respond. Their Habil-
tiles are in the neighborhood of $4,000
but the firm claim everything will be
promptly settled and business resumed.
Although the air was full of rumors
of other suspensions during the
day, none others have develedop
as yet. Those houses said to be in dif1
Guilty are not important, and if their custom
ers meet their demand for margins, will
weather the storm all right. The outlook
, tomorrow is mixed, but rather favors a
further recovery. OF course the panic
stricken fear the worst, and do not know
where the break Will end Two
or three Cincinnatians are restoring
confidence to some degree. Receipts to-
day have been very light. The foreign
market shows an unexpected activity, and
the rumor is now current that David Dows
q Go. have been compelled to buy back the
Kicker corn, and are now quietly operat-
ing to that end. A prominent
and clearheaded member of the
board, heavy exporter himself,
says this evening he is confident the mar
ket has touched bottom. Bread stuffs can
now be imported at a profit, the foreign
demand allowing fair margin, and the
French market not being as severely af-
fected by the recent gluts, as seemed at
first apparent.
Wheat ruled moderately active and
| steady. On the regular board there was
good demand for winter, and all consign-
ments met with ready sale. No .. red.
opened shade lower than yesterday at
about 9638c, but advanced later to 9S7ac.
closing at this figure. Nos. and 3. win
ter, sold at 94c and rejected at S3c. Spring
wheat was steady, with a good demand for
cash. There was q fair speculative busi-
ness transacted on the rer-
ular board in No. .. with
the feeling steady and quieter. On call Ia
ter the afternoon prices ruled somewhat /
better, but the market was quiet. The
closing quotations were: No. , red. 991S
Gt$1 cash; 3915c@$1 Sept; 97c@ 98c
Oct; 971ac@98c Nov: 932(c@ 9376c year:
Spring closed at S315c@9335c September.
93A ca SIC year. No was some
what frmer on cali, closing at 991 I
n 9938 September; 941l@943$ October:
9414 "a 94$$8 November; and $3.50 a. 93 x
year.
Oats were rather weaker. There was q
fair demand for cash No. and No. 9
white. Offerings were but moderate. On
call the market closed at 3I36a3115
September; 30a8@31 October; s0350 81
November; 301a q 305s year and 3224 a SO
May.
Rye and barley were quite and inactive
Provisions fell owing to the course
OF corn, except that they did not
share SO much strength in the
reaction. Mess pork and lard
which to large extent monopolized at