Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-09
The New York Stock Market Also
Badly Demoralized.
GOULD'S PURPOSES A MYSTERY.
Review OF the Weeks Business on the
Chicago Board Of Trade.
PRICE OF MEMBERSHIPS RAISED.
Decision Of the Court Adverse to the
Kicking July Shorts.
CHICAGO.
ESPECIAL Telegram to the Globe.

Especial Telegram to the Globe.
CHICAGO, Oct. THE characteristic of
the markets to-day ION Change was an
easier feeling all around and lower prices.
Wheat shows decline on all futures ex-
cept November, October falling off sharp
ly, and the larger options in less degree.
Corn also weakened somewhat. and pro-.
visions received black eye. The wheat
market is only moderately active and
rather easier on October, better on Noyem-
Der, and steady on the other options. The
opening prices were from ID to 1Ic be-
low the closing figures at o'clock yester-
day, but ruled tolerably firm, selling up 3ac
on October, &c on November,
70 on December and 3sc on year, after
wards fell off, then fuctuated within a mar
row range, and at the close October was
1c lower than it closed at o'clock yes
terday, November about Nc higher. year
nc lower, and seller May without change.
Spring and winter declined in proportion,
the call for No. red, SO marked lately, ap-
pearing to have abated.
The following has been posted on
Change, and is the subject of considera-
BILE conversation.
The board of directors submit an
amendment to the general rules of the as
ISOLATION, SO that section of rule shall
read as follows: "On contracts for future
delivery the tender in whole
or in part of a higher grade of the same
kind of grain that the one contracted for
shall be deemed sufficient. All con-
tracts for wheat made thereafter, unless
otherwise specified, shall be understood as
for No. wheat, and on such contracts a
tender of either or both No. 2 spring, and
No. red winter and higher grades of each,
or tender in part of one kind and in part
of the other, making the amount required
of both on contract, shall be deemed suf-
ficient."
recent wheat corner trouble, and is
intended more to definitely specify the
i'll defined part of the existing rules
of the board than to inaugurats any new
practice. Many have held that the rules
as now existing cover the provisions named
above, while on the contrary many claimed
that they did not. The latter opinion has
been put forth mainly by those who we're
interested in not having the rule SO con-
strued. The general opinion seemed to
be favorable, not only to the justice of the
proposed amendment, but to its adoption.
Many thought it would have a very power
full effect in the prevention of corners on
the wheat market.
In the flour marke. no change is noted.
Prices are weak, except for the finest Min
nesotas, and shippers are taking a
little more of the lower grades where
prices are shaded. In the corn pit, trad
ing was less active; still very fair bust
ness was transacted. For future delivery
the feeling was generally quite firm, but
cash corn was comparatively weaker than
yesterday, owing to large offerings. One
reason for this was that the storage ex-
pired today and tomorrow on considera-
BILE corn, and operators we're disposed to
sell. Shippers bought moderately, but
there was less competition among buyers,
and the demand not as urgent. Receipts
were just trife larger than yesterday.
Early in the day the feeling was
a little unsettled and weak
and prices declined 1a@Mc, but later raj
led under good speculative demand, pric-
es advancing 56@Ac,fuctuatedand finally
ceased about &c lower for cash and Oct
ober, 16c lower for November and year,
and I &c better for next years delivery than
the closing figures on Change yesterday.
A good deal of corn has been unloaded the
past two or three days, the sellers being
parties who had bought nearly at the bot
tom recently, and this staggered quota
tions, though they held up we'll under the
load. A good many people swung
around to the belief that the recent buying
was only done on the scalp, and that cap
ital is not carrying any considerable
quantity of corn as a long investment.
Still it was generally agreed that prices
must advance unless our receipts increase.
1t was remarked that the general faith in
the article is the surest sign of radical
weakness, as it shows that the miscellan-
eous crowd is long of corn.
Oats are weaker and the trade is slow.
Cash has moderate demand but the fu-
lures are dull.
The market for hog products
is somewhat unsettled and prices
ruled with considerable irregularity
Early in the day the feeling was weak, and
prices declined materially on all the
leading descriptions, but during the latter
part of the session the market was steadier
and values exhibited some improvement.
Shipping demand fair, foreign advices less
favorable and lard quoted Sd lower. East
ern markets favored buyers. The receipts
of produce were fair, and the shipments
quite liberal. The offerings of mess pork
we're free early, and prices receded 25@ 35c
on the whole range, but rallied again and
part of the loss was regained. 4 provision
operator of the bull order believes the de-
preston will continue during the first of
next week, and quite likely another serious
break will occur, but after that unless
receipts increase to a marked extent there
must be rally which will hold up
prices past the middle of the month, and
perhaps to its close. The upward ten
dancv has continued so lonp that nearly