Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-14
CHICAGO MARKETS
4 LITTLE MORE SETTLED IN TONE
THAN ON TUESDAY.
Corn Still the Leading Feature-Transac-
tiOns and Rrices-SOEne of the Lucky
Spectators Prospects OF tho Corn Crop.
Especial Telegram to the Globe

CHICAGO, Sept. 13.-Much to the salts
faction OF the remaining longs, the market
on change to-day assumed firmer tone
ano a steus,icr feeling prevailed. This was
you CORE sg,opdents idoi. at the close of
yesterday $ transactions, and the reaction
ther produced - nov fairly begun. Cereals
and provisions Joined In the rally, pork
always sympathizinS strongly with corn,
following it step by step in its fluctuations.
provement will be gradual for some days
at least, the uncertainty as to the weather
making any decisive movement
by either bulls or bears Just now
very hazardous, IN corn moro especially.
The prospects Of fine corn crop are to-
day good, but q single frost, always proba-
BILE at this season of the year, would have a
most serious effect on the yield. Corn
south OF line in the latitude OF Spring
field, H., is now sufficiently advanced to be
| considered out OF danger. Tho line is
| moving north every day, and ere the ter
| mination Of another week the whole crop
| of the northern states may be counted safe
provided no deteriorating Influences inter
fere. That corn has been held too high until
The idea was prevalent that there
was not nearly that amount OF last
years crop remaining On hand. AS recent
happenings have demonstrated, producers
have boarded much more than has been
| thought expecting The yield of 1882 to be
short, and high prices as a consequence:
As the season advances and this state of
affairs becomes more and more unlikely,
much of this surplus is moving toward
the city. These facts have their tendency
to bear the market and cuctail the extent
Of the improvement. The shorts have
been to-day quietly endeavoring to fill in.
! Everybody Is sold out seem
ingly. At the beginning OF the
furry, the weaker operators tumbled in
| what they held; then the medium class,and
finally many Of the stronger commission
firms had to close out stuff that had ex-
| hausted its margin. To-day the call for
margins closed, everything now hsld being
covered against almost any possible exi-
| gencY. There were no failures, nor were
| York. 4 steady line Of outside orders has
been coming in to-day at existing prices,
| but brokers had been. in the main protect
ing themselves.
On the regular board spring wheat was
in fair demand and higher. Cash No. 2sold
at 9915c@99Ta, closing at about 5000. No.
was quiet ct S5@S715c; rejected nom
inal, with nothing doing in speculation
/ Winter wheat was fairly active and high
er, and a stronger feeling developed. The
offerings Of cash were not so large, aud
| the demand from spectators and shippers
good. No. . red sold at 99%@99Mc,
closed at about 99%c. Nc. was quiet
and steady as 941s a 95c- Rejected sold
at SIC; September sold TO q moderate ex-
tent at 99%@100Ic, closed at about
99%c; October sold sparingly at CSC, and
year to light extent at 971 C. There
was stronger feeling in regular Or No. 2,
owing IN a measure to the falling off in
the receipts, and largely to local Influences.
| Although rather unsettled it was in the
main firm, and seller The month closed
at about &c higher than at I p. N. yester-
day; October al &c higher;
November &c higher, and year
nearly unchanged The market opened
firm at about 10 advance Oh yesterdays
| closing figures, sold up %@Ic on Sep
TENDER, but less on longer options. Later
it weakened. September declined 35c but
afterward recovered considerably, and
closed firm /; September at 99%c@S1;
October at $3.50; November at 9411s, and
year about 94c.
Corn was fairly active although irregular.
The general feeling being much stronger,
and at the close cash No. 2, September and
| October We're Il higher than at the close
Of yesterday; November &c higher, and
year &c, The market opened firm at "a
| gle advance, ruled firm and improved
slightly, but soon weakened under free
offerings, fell loon September 2Lc OF Oc-
tober, 11sc on November and &c on year,
finally stiffened again, sold up 1@11lc,
eased off again, improved and
close and firm. Car lots of No. 2 closed at
65Ac, high mixed at e424@651sc, and re-
jected at &c. September closed at 65I@
55Ec; October at about 63alc; November
az oIc; year at 54H8 @55c; January at 5OA
@5o%c, and May at 5211ac.
Oats were easier earlier in the day, but
recovered and for most of the session ruled
above yesterdays close with the offerings
| of cash lighter, the better tone of other
markets helping 10 q better range. No.
2 sold at 31111@315sc; No. 2 white at 341
@341ac, and rejected at 27@2715c, sample
lots bringing higher rates. Options al
though changed showed something of an
advance. September opening at 31Ac,
touching $3.50 and closing at Size, Octo-
Der closing at SoIc, November very
dull at Size, year at 3114c and May
firm at 331ac.
Rye was slightly above yesterdays prices,
but very dull,
Barley was active and stronger, with
good demand for cash, and all futures
higher.
Pork was moderately active and firm
and higher, selling up 35@40c per barrel,
closing firm. Cash and September
about the same as October. October