Daily globe., 1882-09-19
CHICAGO SPECULATION.
TITS STILL PRINCIPALLY ENGAGED
IN CORN.
The Market Somewhat Steadier i'm Tone
Prices Well Maintained in Wheat-A
Scarcity of Pork and Meats.
Especial Telegram. to the Globe. !

Especial Telegram. to the Globe.
CHICAGO, Sept. 18.-The fluctuations of
September corn are considered pretty in
definite on change just now. The jumps
and tumbles' of this cereal are the princi-
pie feature of the market of late, and it is
feared its condition affects the other grains
and provisions to very marked, extent.
The speculative options are comparatively
quiet, but you can't put your finger ION
cash corn. The morning quotation is no
indication of its worth in the afternoon.
Wheat remains quiet, but firm, its upward
tendency being maintained. No. 2 was in
some demand, the range of the session be-
ing 3sc on the long options, and at the
close seller the month was 1ac higher than
it closed on Saturday; other options un-
changed. There was fair inquiry to fill
shorts for September and there was lit
tie firmness early, but it soon eased
off, but again frmed up.
Other options also improved
trifie early, but subsequently eased off to
opening prices, then fuctuated slightly
and closed steady. September closed at
9914c, but on call stifTened, selling at 99%c
@S1. October sold at from 93%M
94324c, closing on the board at 95%c, and
on call at 414@943Sc; November ranged
on the board at 933s@94a4c, closing on
call at 935s @9SBc; year closed at 934c
on the board, but sold 1s@4c higher on
call. Winter wheat was in good request.
Spring wheat was active as far as cash was
concerned, but dull as to options. There
was lively demand to fill September con-
tracts.
Lively trading was done in
corn, which was active and quite irregu-
lar, changing frequently, and at the close
cash corn was &c higher than it closed at
1 o'clock Saturday; October 4c lower, No
vember e C lower. At the opening there
was very firm feeling, with an urgent de-
mand from September shorts, and the first
sales were at &c advance
on Saturdays closing, and
quickly sold 5s@4@1sc up, but the
feeling subseq uently weakened after the
most urgent orders had been filled, and
prices fell nearly &c from the highest point.
The more forward options showed less
strength than September, October adj
yancing q, November 1c, and the
year &c; afterwards became heavy and
fell off 1@14c, thsn fuctuated some and
closed as above rated. The longer options
are not in demand and sell cha7ily. Buy
ers are afraid of them. The promise of
fine harvest is ferciUg year and May stead
10 1or IN
are the shorts again, who are still
buying. It is Believed however,
that the bulk of the over sale
of this month"; is now coraered. Thepast two
days have seen large transactions In Sep
tenGber and October corn and October lard.
These were wanted and wanted badly by
a great many Rsople, whe only a. little
while ago COULD mot sell enough to- make
them happy. They were saSd to be afraid
of corner in Soth. Thers has Been
really good export demand for corn,. es-
pecialg for high, mixed, and it was ru-
msred that hot wind had wiHhered it all
in Kansas. This put up corr, and lard
followed while OATS were stiffesed in sym
pathy, and wheat at first refused,to bud9e,.
remaining steadily dull till near the close
of Saturdays session -
Pork and meats ara frmer on the same
general principles as caused corn and lard3.
except thass there wersno well defined fears,
of corner in pork Advices from. differ
ent portions of the. state increase the
promise of a big corrH yield. Interviews.
with farmerssn over MisAigan and adjacente
counties put an encouraging aspect upon
the prospecs of the crop. The. weather of
the past three weeks has been pesfsct for
developing, and the greater part of it will
be safe from. frost on Oct. 1, if Il is not
nipped previoas to that date. TRs best
estimates now. claim from one-half to one
third of fulkerop, that Ssing froIuthirty-
five to forty Bushels perr acre. The late
corn is not doing SO wen as THAI earlier
planted, buh- all of it is matur
ing wonderfully, espesIally OK titled
ground. There is good deal of old
corn in crib, but is held by men OF means,
and will probably remain in. crib until
prices are better. In most sections of
Shelly, ,Maco, Moultre, Champaign, Ford,
Troauis and Christian counties the corn
will yield fan three-qaarters ceop, while
in other undyained portions of the same
counties the crop will ba= almost an. entire
failuae. But the average will conc fully
up to the above, Kendall, Duhge, Kane,
Dekalb and Will counties, report an equal
ly favorably prospect Some of the corn
is already bsyond the reach OF the frost,
and in few days more will be- insured an
average yield. Extraordinary reports are
coming in Of the progress made by the
corn crop Of Iowa in the past two or three
weeks. The weather has been unusually
| favorable, and fields from which nothing
was expected will turn out big yield. Mosa
of the corn is hard and out of the way
of the frost, 1t is now
almost certainty that from the increased
acreage and highly favorable condition tht
yield will be the largest and best ewel
known IN the history of the state.
Advices from Kansas are to the esHec
that the report that the corn in that stat
was injured by the recent hot dry winds i
, totally untrue and impossible. They sa.