Daily globe., 1882-10-07
A Slight Reduction in November P0Ek
Options Partially Recovered.
IMPORTANT SUPREME COURT CASE
Speculative Sales OF Grain Declared
Gambling Contracts.
QUITE A BREEZE IN WALL STREET.
Savage Attack Of the Bulls-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 3$@5sc lower. Corn
held its own fairly well Oh the beard, but
was slightly easier on call. Provisions
were unsettled, and lard dropped off
little. On the board in the wheat pit
very fair speculative business was trans
acted in regular wheat, and although the
feeling was somewhat unsettled, the fuctu-
alton Of prices was confined within about
the 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@Ac per bushel, then rallied "a
@1c per bushel, again weakened, declin-
ing &c, fuctuated slightly, and finally
clesed about 4@ac 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
assfrm. Receipts were only moderate,
and tkere was number of buyers on the
market. No. 2 red commenced selling at
99c, advanced to and classed at about ST.
On call the November option advanced ID
@ac, 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
lngs al. current prices.
The flour market was quotably steady
-
bers making some purchases and export
ers also seleetedLsa few lots. Stocks are
small, and telded to check trade some
what. Both choice winter wheat and spring
wheat fours wore wanted by shippers, and
now and then q lot Of low grades were
taken
IN the corn pit the aggregate trading was
quite large, and the feeling somewhat IN
settled. There Was 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 trifie and then fell off again
to opening figures under free speculative
offerings. Under a 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
demand was active. but prices were shaded
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
fuctuate 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
ly steady, but the speculative offerings
were free, and prices lgradually receded to
the inside range. During the
latter part 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 were COM
paratively steady. The receipts of the
product were comparatively moderate and
shipments fair. The offerings of mess
pork were free, and prices reduced log 15c
during the early part of the day. Later,
however, prices rallied 71l@1Oc, but ruled
weak again at the close. Cash quiet at
$23. 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 So 10 per 100 pounds, but rallied
again 211a@5 and closed steady. On call
lard was in good request but closed easier.
NEW GRADE.
The raiiraod and warehouse commissioners
met several wheat shippers at the Le,and
house last evening and talked over the
matter of making another grade of winter
wheat. These dealers want a 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 premium when un-
mixed with other varieties. Putting it in