Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-12
CHICAGO.
Especial TELEGRAM to the Globe. |

growing crop and the continuance of fine
weather. along with prospects of a steady
increase in the arrivals, holders manifest
ed desire to realize, and the large offer
ings produced decline in corn of sc for
cash and September, Sc for October, 158c
for November and seller the year, and q C
for January and May. A large business
was transacted, and all classes of buyers
were in attendance. The shorts filled in
at lively rate. Vessels we're engaged to
carry 100000 bushels. The market was &C
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 which
necessitated partie9to throw their prop
erty on the market The dealings closed
| at about the outside prices of the day. No.
was sold early at 664 @661ac, then de-
clined to 64115c, 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 664 @67c early, but
declined to 6615c and then fell off rapidly
to 65l and closed at about Csc. Rejected
sold at $50 6415c and closed at about CSC.
It 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 put up additional mar
gins. The receipts to-day were large,
shipments small, and sellers hammered
the market all day and at
one time 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 a panic in
the market at one time, and it was almost
impossible get a bid for October corn
for some time. 1t was reported the large
shipment of corn to France had caused
sharp decline there, and consequently tend
ed greatly to depress prices.
Margins will be called for generally to-
morrow on all corn deals, on the basis of
60c for September, 5Sc for November, and
! SOC for May, and it is probable that several
houses will be unable to respond. In Sep
TENDER corn the offerings we're liberal and
the market very weak. Early few trades
impossible to sell, buyers being scarce and
scarcely any trading until 6S@684c was
reached. 1t continued to decline, selling
off to 65 &c to &c, and closed at about 64c.
October corn was active, and also
offered freely, with sales at $50
6658c and closed at CSC bid. Opened
$3.50 and 664c, sold down, with slight
fluctuations, to GA &c, up to 65c, then down
to 63c November was active, and sold at
6O15c@62$8c, and closed at about 6O15c.
It opened at 623Sc and 661 C, sold to 81 &c,
then to 621sc, back again to 611ac to 6216c,
and then down to 61c@6O15c. In ear
corn trading was fairly active, and sold at
c@561sc, and rumored sale at
$3.50. Closed at about 5415c, January
ruled rather quiet, and sold at $4,000
5418c, and closed at about sic.
May, fair trading, with sales at 521a@
531 &C. and closed at abont 5224c.
The downward tendency of the leading
cereals had marked influence over oats.
There we're, in consequence of the decline,
free offerings of futures, and the demand
was slack. About Ia 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 11a@2c lower. Cash,
No. 2 sold at 314@31Ac outside;
| orIr coll ~
33A::34c 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. . sold at 9s1s@9S%c and
closed about 9S1ac. No. 2 sold at Sc, and
rejected sold at 66115c for future delivery.
Trading centres in No. 2 wheat, regular,
OR No, 3 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 4 q nc higher, then fell off &c but
again rallied, selling up % a. &c, but
about noon weakened off, selling to inside
prices and finally closed about 11sc 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 a moderate demand, and
offerings not large, with sales
at 9S1a q 99c, but fewsales at 99c, and
closed about 9s15c. October, moderate
trading, with sales at 94115@945Sc, down to
Ole, up to 9424c. and back to 93B@94c,
fuctuated and closed at Gle. November
trading light, with sales at 934 a 94c, and
closed about $3.50. In winter wheat re-
ceipts are heavier, the demand from specu-
lators and shippers fair, and sales were at
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 kneed,an under large
offerings mess pork declined 15c per Dbl
on cash and the near futures, and 25@ 3Oc |
on the long futures, Lard fell 20@ 30c per |