Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-08-01
GLOBE HOROSCOPE.
An Exciting Day in the Chicago Market
The Corner Chaps Being squee zed by the
Kickers-The Shorts Default and Rely
on Arbitration and the Coutts
Especial Telegram to the Globe. Z.


ing the settlement of spring July contracts.
Or course the market is badly cornered, the
price being $l.36, and the boys are gettiD z
tired of being robbed, so almost all the shorts
made tenders of No 2 red winter in settle
ment, which of course the robbers declined to
accept, and pretty soon you will hear some
quick music from this end OF the wire. Curb
for August is 97Ac.
Corn was active, but the receipts were too
big to bull it on August. Curb is 764c.
Provisions showed more steadiness, but
don't want any of 'em in mine.
Especial to the Western Associated Press.
CHICAGO, July 31.-Although the markets
were very active and unsettled to-day, and
were made still more SO by uncertain weather,
there was less excitement than would natur-
ally be expected with the elimination of three
great corners in wheat, corn and oats. No. 2
spring wheat was the most active and exciting
of all the markets, and bidding was lively for
that scarce article. Bulls steadily refused
tenders of No. 2 red, higher grade, and de-
manded the "full pound of flesh" The clos
ing price of Saturday, $l.34, was advanced
after few settlements made early
in the day to $l.36. 1t then dropped back for
prudential reasons to $l3S, at which many
settlements were effected then by cent leaps
reached $l.36 again, where it stood until the
closing hour, after which eighteen minutes
were allowed for trading. The shorts franti-
callY bid that figure and one or two made the
dicker at $1.36%. A settlement committee
will be appointed at once to fix the settle
ment price, which will, it is generally believed,
be Sl.1O, though many lock for a lower
figure, The prevailing figure to-day,
m rnnnd hry hn
would produce many law suits.
New barley was received on Change to-day.
The receipts Of grain to-day aggregated nearly
10000 bushels, and of the ,239 car loads 497
were winter wheat. The receipts of winter
wheat will far exceed 1.-THE most sanguine pre-
dlctions made earlier in the season. Regular
wheat was active but unsettled, opening higher
under unfavorable wet weather and
closing at pretty nearly inside rates. The
early advance was 2tQ215c, and after
a decline of &c, prices closed steady for July
and }i91c higher for other futures. Sales:
9Sc@Sl.O011 forJuly. 961419S}s for August,
9613@9S3s C for September, y6@97 nc for year.
Winter was also active and unsettled, advaEc-
ing 315@4c early, dropping SIC, and later
another cent, finally closing unchanged for
July, &c lower for cash. Sales: 9Sc@Sl or
for July. On call sales of regular were 57O,-
QUO bushels, and prices steady to &c higher.
Winter, $4,000 bushels easier for some
bushels, unchanged; cash being quoted at
81 So bid.
Corn was unsettled, fuctuating and irregu-
lar, while good business was done. Opened
firm and 4@l15c higher, but at once declined
l csc for futures and IN for cash. The
corn weather is excellent with lots of warm,
cOplous showers ana hot sunshine. At the
close there was little rally and prices were
lie lower for cash, &c lower for July and I'M
changed for August and September. Sales.
76H 979c for July, "a /. @76c for August, 731%
@7454c for September, 65@665S c for year. On
call sales were 100000 bushels; prices easy
to &c higher.
Oats were active for July and cash. Prices
were 2(93c higher, selling at 60962c for cash,
59962c for July. Futures were less active
but were somewhat excited at times. August
was &c higher carly but was afterwards
weak, and closed 3sc higher. Sales 3S@39c
for September; was once 4 higher but
dropped 1c and closed h C lower. Sales 34M
93513c. On call sales were 100000 bushels
prices sc lower to 4 higher.
Pork was moderately active and sake
higher early, but dropped 25@30c, then to-
wards the close advanced 15@20c and closed
steady. Sales: $40. OK 920.40 for Septem-
Der; S30.21@20.45 for October. On call, sales
were l 1000 bushels and there was sharp ad-
vance, ranging 5@22115, the best, sales being
at the close.
Lard was less animated than any other
speculative article. Prices irregular and SO
TIC lower, but closed little better. Sales:
sl207@l2.l6x for September, Sl2 1716@12.25
for October. On call sales were 5000 tierces
and prices 2X csc higher.