Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-11
DICKERING DAYS.
The Markets at Chicago YESTERDAY
Without Notable Incident.
WHEAT, CORN AND PORK STRONG.
The November Corner in Hog Products
Beginning to Develops.
McGEoCH's WHEAT TRANSACTIONS
The July Shorts Very Generally Max.
ing Settlements.
Especial Telegram to the Globe.l

Especial Telegram to the Globe.
CHICAGO, Oct. 1O.-Corn is again en-
crossing large share OF attention on
'change. To-day this market has shown
an unusual buoyancy, and after wide
fluctuations, has scored substantial ad
vance. The almost entire cessation of re-
ceipts has thrown the shorts into another
panic. Wheat showed slight apprecia
ton. There was better market for flour.
Oats ranged shade higher. Rye ad-
vanced. Barley eased off under a dull
market, and provisions were active and ir-
regular.The declinein pork was checked, but
lard fell below yesterdays figures, in some
options to very marked extent. Regular
wheat was active and frmer early, owing
to the sympathy with the sharp advance in
cosn but afterward became slumpy. and
most of the advance was lost. The early
sales we're at about Ic advance on the
closing figures at 1 o'clock yesterday
ruled tolerably firm under free demand
from shorts and spectators, and
October sold up 10 from the low
est point, November 4c up and
year l15c up, but near the close fell Tc,
closing with October &c higher than at 1
o'clock yesterday, seller November about d
higher, and seller the year about 70 high
er. On call prices appreciated an eighth
all around, and closed firm. Winter and
spring were both in good demand, the lat
ter selling 1c@11%c higher than on yester-
day.
It is said and believed that McGeoch
for a week or more past has been
trying to bull down the wheat mar
ket. His cash wheat has been
thrown on the markell great deal of it
has, at any rate. Robert Lendblow got
100000 bushels of wheat last week, and J.
B. Lyon & Co., 100000 bushels more. AS
all of this property was held by McGeogh
up to the first of the month, the fact that
it is going round is satisfactory proof to
most people that the September crowd has
thrown its grain overheard. Well informed
people do not, however, believe the Scotch
man is really bearish on the market.
Indeed, he does not talk so
but declares himself openly bull, and
believer in higher prices. The truth is,
probably, that an effort was made to break
November wheat down a few cents, so that
big line could be taken again at a low
figure. But wheat has been stubborn. The
receipts are very small. For the forty eight
hours ending yesterday they were only
10000 bushels. The big bull movement in
corn is also affecting wheat.
. Flour to-day was more active
and firm,price quotable for the finer fam
lily and bakers brands, particularly for the
hard Minnesota. while shipping grades were
going off more freely than at the rates now
ruling. Rye -four was dull, but bran and
all millstuffs were in better request and
brought higher prices.
Corn was active and buoyant during the
early part Of the session, then broke, but
at the close cash or October was about 2Lo
higher than it closed at 1 o'clock yesterday,
November 15sc higher; year &c higher
and May &c lower. The receipts were only
II cars, being lighter than any day for
some months past. This, together with
the storm and good shipping demand,
caused much uneasiness on the part of
shorts, who were liberal and anxious buy
ers throughout the early session. October
advanced 2Hc from the lowest, November
&c, year Nc. January &c, and May Nc,
but near the close there was a heavy break,
October falling 119c, November 1870, year
lie, January &c, and May &c, closing
easy. Car lots of No. sold at the
@674c and closed at 6511ac bid. High
mixed advanced. more than No. 2, selling
at 69@ zoe. On call corn sold freely and
was easier.
The ''corner" in November corn which
was consumed more than thirty days ago
is being laid bare Yesterday the figures
advanced &c, and to-day nearly as much.
Fhere is no reason to change the announce
ment made nearly month ago concerning
the speculation. John B. Lyon and Nahan
Corwith are the wise ones still declared at the
head OF the movement, and back of these
two gentlemen are a number of New
York railroad men, who have confidence
In Nathan Corweth's leadership. The ope-
rations were begun a long while ago
through Fleming & Boyden. Dwight &
Gillette, Mccormick & Davis have been on
the same side of the fence of late. but
whether for the same crowd or another
body outside of that one no one seems to
know. Local bulls are all helping on the
advance, having both October and Novem-
Der pretty well under control. With most of
these it is scalping deal, and out of wide
fluctuations in prices they reap large profits.
The arrival of the new crop will not
amount to enough to interfere with these
operations for month to come, at least.
To-day there has been considerable ex-
citement IN this market, and failures were
predicted for the near future. The shorts
are again demoralized.
More activity was witnessed in the pro-
vision market to-day. The movement was
somewhat spasmodic, yet there
was more disposition to trade,
and IN the futures for pork and lara after
this month quite a good business was
transacted. Lard particularly received
more attention than on yesterday. Prices
were subject to frequent fluctuations, and
the general market rather favored BUYERS.