Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-12
CHICAGO.
Especial Telegram to the Gfobe.l


growing crop and the continuance of fine
weather. along with prospects of steady
increase, III the arrivals, holders manifest
ed desire to realize. and the large offer
ingS produced q decline in corn of sc for
cash and September, &c for October, 156c
Tor November and seller the year, and 81 C
for January and May. A large business
was transacted, and all classes of buyers
were III attendance. The shorts filled in
at lively rate. Vessels were engaged to
carry 100000 bushels. The market was ac-
tive, and the feeling greatly unsettled,
with another sharp decline in prices,
which was most marked for cash
and the near futures. The speculative OF
ferings were unusually large, caused par-
tally by the exhaustion of margins whieh
necessitated parties to throw their prop
erty on the market. The dealings closed,
at about the outside prices of the day No.
> was sold early at s614 0661ac, then de-
clined to Ga &c, with not much chance to-
sell at the declining prices, and closed at
about 64c- High mixed was IN good de-
mand and sold at 6624 sc early, but
declined to 6615c and then fell off rapidly
to so c and closed as about Coo. Rejected
sold at 63M 6415c and closed at about 63c
1t was reported that the corn deals of the
late s. A. Kicker, amounting to 100000
bushels, were sold out to-day because the
margins were exhausted and there was no
body authorized to pat up additional mar
gins. The receipts to-day were large,
shipments small. and sellers hammered
the market all day and at
one tins the greatest ex-
element prevailed No failures were
reported to-day, but it is expected several
will occur tomorrow David bows q Co.,
who held Ricker's corn, not only unloaded
that but were free sellers on their own ac-
count, which produced almost d panic in
the market at one time, and it was almost
impossible to'get hid for October corn
for some time. 1t was reported the large
shipment of corn to France had caused a
sharp decline there and consequently tend
ed greatly to depress prices.
Margins will be called for generally to-
morrow OF all corn deals, on the basis of
coo for September. 5Sc for November, and
SOC for May, and 1t is probablsthat several
houses Will be unable to respond. In Sep
TENDER corn the offerings were liberal and
the market very weak. Early a few trades
were made at 500 69l &c, bat it was almost
impossible to sell, buyers being scarce and
scarcely any trading until GSM6814c was
reached. It continued to decline, selling
of to Sol G to SAC, and closed at about &c
October corn was active, and also
offered freely, with sales at 63@1
6632c and closed at 63c bid. Opened a
| 66$sc and 66llc, sold down, with slight,
fluctuations, to "a &c, up to Csc. then down
to CSC. November was active, and sold at
601ac@ 6258c. and closed at about 601ac.
1t opened at 623Sc and &C. &c, sold to 81 = C,
then to 6211sc, back again to 81 &c to s211 &c,
and then down to 61cM6015c. In ear
corn trading was fairly active, and sold at
541ac@ 561sc, and a rumored sale at
563$c. Closed at about 541ac, January
ruled rather quiet, and sold at 5415c@
5418c, and closed at about 51o.
May, fair trading, with sales at 52M@
531ac. and closed at abont 52Ac.
The downward tendency of the leading
cereals had marked influence over oats.
There were, in consequence of the decline.
free offerings of futures, and the demand
was slack. About 1 q 11ac decline occurred
in prices. The cash offerings were only
moderate, for the arrivals have become
small. Inquiry is light, however, bids re-
duced, and prices 119@2c lower. Cash.
No. 2 sold at 31l4@314c outside;
early No. . white sold al
333f11134c and rejected at 29c, sample lots
were hard to sell even when concessions
were allowed. Demand light.
There was fair demand for spring
wheat and No. 2 sold at 9Sls@aS7sc and
closed about 9815c. No. 9 sold at Sc, and
rejected sold at 6611c for future delivery
Trading centres in No. wheat, regular
or No, wheat. The market was fairly
active on speculative account, and prices
subject to only moderate fluctuations, and
varied but slightly from Saturdays figures
The receipts were fair and the arrivals
of spring wheat show an increase. Early
in the day the feeling was strongest, pric
es Il a &c higher, then fell off 1sc but
again rallied, selling up q a. &c, but
about noon weakened off, selling to inside
prices and finally closed about sc lower
to the same as the closing figures on Sat
urday.
The bulk of the sales fuctuated within
the narrow range of = cent. September
met with moderate demand, and
offerings not large, with sales
at 9S15 q 99c, but few.sales at CSC, an6
closed about 9S15c. October. moderate
trading, with sales at 9415@943sc. down tc
Ole, up to 94224c, and back to 933s@94c
fluctuated and closed at Ole. November
trading light, with sales at 9314 a 94c, and
closed about $500. In winter wheat re-
ceipts are heavier, the demand from specu-
lators and shippers fair, and sales were al
Saturdays prices. closing weak at the in
side.
In provisions, the market was active, but
pork and lard weakness, was the prevail
ing feature. The drop in values of corn
making holder weak eed,and under large
offerings mess pork declined 15c per Dbl
on cash and the near futures, and 25@ Soc
on the long futures, Lard fell 20@ Soc per
l,a NJ - - l.