Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-13
CHICAGO.
Especial Telegram to the Globe.l

OHlCAGo 1z.-Ine prevailing excitement
on Change did not abate to-day. Yester-
days drop of five cents in corn caused
feeling of uneasness, that the uncertainty
concerning the disposition of the 100000
bushels belonging to the Kicker estate and
flying rumors Of failure among the longs
added fuel to No. .. October was very ac-
tive and irregular, opening at GO cts. The
shorts were brisk buyers at this
figure to fill in, causing a temporary
rally which brought the market up to 63
cts. This was but transient, however. an
other bad break occurring when the nature
of the demand became apparent. The
market touched 6G11, but assuming irmer
toneS later closed at 6o15 c a 627a cbid,
Sept. delivering was offered freely. bat
found only moderate de-
demand, selling at Ie14 to 6415., cts
on the regular board and closing
OF call at &C. This was somewhat encour
aging to the longs-the regular board
having closed at 60. November was ac-
tive but irregular, with sales at 5S15 &C
6026, closing or call at the latter figure.
Year corn was fairly active at 5315 a. 54115.
closing at 1913. January was quiet. clos
ing at 50l8 a 5012, and March at $50 a.
% The fine weather and outside markets.
perhaps increased the depressing effect
to-day. January corn was selling at St.
Louis al SO, and there were reports of
Kansas corn being contracted for delivery
this year at 42c. Of course the fluctuations
and scare have produced a general call
for more margins, and this in turn
has caused general
saalIi1ess among small dealers. Nor are
the small fry the only ones hurt. The com
mission firm of Reed. Lash & Co. lost. and
suspended to-day, suffering leading line
OF cash and futures to be sold under the
rule. As the step was taken in self protec-
tion- their customers being long OF the
market, and although having met the de-
mand for margins to yesterday. some of
them now failed to respond. Their liabil-
tiles are in the neighborhood of $4,000
but the firm claim everything will be
promptly settled and business resumed.
Although the air was full of rumors
OF other suspensions during the
day, none others have develedop
as yet. Those houses said to be in din
Guilty are not important and if their custom
ers meet their demand for margins. will
weather the storm all right The outlook
to-Gorrow is mixed, but rather ftvors
further recovery. OF course the panic
stricken fear the worst, and do not know
where the break will end. Two
or three Cincinnatians are restoring
confidence to some degree. Receipts to-
day have been very light. The foreign
market shows an unexpected activity, and
the rumor is now current that David Bows
u Go. have been compelledto buy back the
Kicker corn, ard are now quietly operat-
Ing to that end. A prominent
and clearheaded member of the
board, a heavy exporter himself.
says this evening he is confident the mar
kes has touched bottom. Bread stutfs can
now be imported at a profit, the foreign |
demand allowing fair margin, and the
French market not being as severely af
fected by the recent gluts, as seemed at
first apparent.
Wheat ruled moderately active and
steady. On the regular board there was
good demand for winter. and all consign-
ments met with ready sale. No. ,, red.
opened a shade lower than yesterday at
about 985ac, but advanced later to 9SAc.
ci9sing a fais figure. Nos. and 8. win
tsf, sod at Sic and rejected at csc. Spring
.8lleat was steady. with a good demand for
cash There was q fair speculative bust
ress transacted on the reg
ular board Il No. 2. with
the feeling steady and quieter Oncan la
ter the afternoQg prices ruled somewhat
better. bat tleS market was quiet. The
closing quotations werss No. , red. $751;
al$1 eash; 93l5ca r. Sept; S7cag sec
Oct; S7isce198c Now a32{ ca 9G7ac year:
Spring closed at 991gcGs 9335c September.
932Ic@94c year. No was some
what frmer CT cali closing at g9l{
u S958 September; 9415m9435 October.
81 q 94$$ November; and 938{0g8z5
year. 20
Oats were rather weaker. There was 3
fail demand fer cash 10. aad No. .
white. Offerings were but moderate. On
call the market closed at 3Ie&@ 31i5
September: sD35G 81 October: s0s6 a 81
November; s9t5 q sos year and Js224 q 50
May.
Rye and bariey we're quite and iaasssse.
Provisions fell owing to the Course
OF corn, except that they did not
share so much strength in the
reaction. Mess pork and lard.
which to large extent monopoIized at