Daily globe., 1882-10-07
A Slight Reduction in November Psrk
Options Partially Recovered.
IMPORTANT SUPREME COURT CASE
Speculative Sales o? Grain Declared
Gambling Contracts.
QUITE A BREEZE WALL STREET
Savage Attack Of the BuIls-The Leuis.
Vile & Nashville Shares
CHICAGO.

CHICAGO, Sept. 6.-To-day was rather an
uneventful one on change. Nearly all the
markets fell somewhat. and closed quiet.
Regular wheat was $$@I5c lower. Corn
held its own fairly well on the beard, but
was slightly easier on call. Provisions
were unsettled, and lard dropped of a
little. On the board in the wheat pit
very fair speculative business wes trans
acted in regular wheat, and although the
feeling was somewhat unsettled, the fuctu-
alton OF prices was confined within about
tie same range range as yesterday. The
receipts OF both spring and winter were only
moderate, and market 2dvices from other
points were favorable. The market opened
weaker. and early in the day prices de-
clined I@4c per bushel, then rallied IS
&C per bushel, again weakened, declin-
ing 5sc, fiuctuated slightly, and finally
closed about 4@1ac lower thar the clos
ing figure on Change. On call the de-
mand was good, but prices easy. A good
demand again existed for the various
grades of winter wheat, and the feeling
was firm. Receipts were only moderate,
and tkere was number of buyers on the
markst. No. red commenced selling at
99c, advanced to and classed at about 81 .
On call the November option advanced Il
@15c, closing at about 99c. Spring was in
fair demand and the market steady and
firm. The receipts were small, and there
was sufficient demand to absorb all Offer
ings at. current prices.
The Hopr market was quotabIy steady
There was a moderate demand. local Job
bers making some purchases and export
er5 also seleetedIAa few lots. Stocks are
small, and tended to check trade some
whaf. Both choice winter wheat and spring
wheat fours wore wanted by shippers, and
now and then lot OF low grades were
taken.
IN the corn pit the aggregate trading was
quite Large. and tie feeling somewhat IN
settled. There wss a good speculative de-
mand, both on outside and local
account, and shippers also bought
fairly, though light offerings
checked more extensive trading in cash of
all grades. The receipts were light and
shipments fair. Foreign advices were IA
vorable, quoting a strong feeling, and
New York was also quoted a shade higher.
The market opened weaker and about &c
lower, rallied trife and then fell off again
to opening figures under free speculative
offerings. Under good speculative de-
mand. however, prices started upward and
were advanced lc for leading futures, and
finally closed about the same as the closing
figures on Change yesterday. On call the
IL md
Is and 4 of cent.
Oats were steady. A fair bust
ness was done in seller
October, and seller November, but other
deliveries were quiet. Arrivals light, and
consignments not held against Icontracts
sold on the sample market. A steady
feeling was developed. Prices did not
auctuate much. and there was little change
from yesterdays closing quotations, and
that of an upward nature.
a good speculative business was trans.
actea in the market for hog products, but
the feeling was somewhat unsettled. and
prices irregular. The market opened fair
iy steady, but the speculative offerings
were free, and prices Lgradually receded to
the inside range. During the
latter par. of the session the
feeling was steadier, and prices
rallied again to medium figures. Ship
ping demand fair, but offerings moderate
and stock of fully cured product light.
Foreign advices indicated no particular
change, and the eastern markets we're COM
paratively steady. The receipts of the
product were comparatively moderate and
shipments fair. The offerings of mess
pork were free, and prices reduced 1O@ 15c
during the early part of the day. Later,
however, prices rallied 7a@1Oc, but ruled
weak again at the close. Cash quiet at
S23. The break in November pork was
very marked, it dropping off nearly 25c
from the highest price of the day, and
closing 2Oc lower than on yesterday. Cash
and the longer futures showed slight ad-
vance.
The inquiry for lard was fair, and the
offerings quite liberal. Prices were easy
during the early part of the session, and
declined 5@1O per 100 pounds, but rallied
again 21a@5 and closed steady. On call
lard was in good request blt closed easier.
"A NEW GHACE.
The raitraod and warehouse commissioners
met several wheat shippers at the Leland
house last evening and talked over the
matter of making another grade of winter
wheat. These dealers want new grade
for kind of winter wheat now coming
from Kansas and Nebraska, which they
say does not mill evenly with
other kinds of winter wheat when
mixed with them, while the
mixture detracts from the value of both.
This wheat has been coming forward in
large quantities this season for the first
time. 1t is very hard variety of red win
ter, and is salable to millers in Wisconsin
and elsewhere at a premium when un-
mixed with other varieties. Putting it in