Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-09-22

were between Csc and re sale or tive
being made at the latter FL yure.
October ranged from 6511s C to 6558c clos
ing at 6615c but on call reacl led 6638c an6
was firmer on the curb.
November opened at 621lc fe. u as low al
Size, closed at 6315c and \ &c highe
on call between 6314c at viii, n figure
$4,000 bushels were sold.
Year ranged at 5415 q $50 C and cloA Sed a
551ac,and sold at 555s $3.50 on call W, here
2S5.00O bushels were sold.
January sold between 4978c and 5O8>'
closed at 5O2c, and at 5O7ac on call.
May closed at 5215c and on call at 52558
@53c.
TRICKS OF THE CALLER.
There should be rule, said commits
sion man yesterday afternoon prohibiting
the person who acts as caller on the call
board from trading in the market. The
speaker had been shouting himself hoarse
trying to buy some corn. He sat a little
to the left of the "caller," pretty well in
front, and there was no good reason why
he should not have attracted the. attention
of the official with the gavel.
Is the caller interested in the market,
asked the reporter?
Yes, was the reply. He's bear, and he
hates to see this stuff go up.
Is it possible for the man in the callers
desk to influence the markets?
1t is the easiest thing in the
world. Repeated calling of an offer to
sell without seeing buyer, shouting off
an option if the crowd is rushing it up be-
fore the buyers are through, all these little
tricks count for a great deal. Further
more, these little crookednesses, like those
practiced by the pitcher in ball game,
are rather sins of omission than of COM
mission, and while they are effective are
hard to point out, and not easy to
prove. A competent caller, added the
speaker, should be paid handsome salary
and then should be prohibited from trad
ing.
THE WHEAT DEAL.
The wheat now steadily stiffens. It is
active and higher all around and the
shorts are heavy buyers. The wet weather
also has its effect. There is now no doubt
whatever that the McGeoch, Aramour, Ker-
shaw crowd have the cash wheat and the
assertion made by q prominent receiver
and shipper that they were taking all the
car lots of wheat offered serves to prove it.
Cash wheat is only about 80 cents lower
here than in New York, and everything
points to a squeeze by the longs. They
are dealing in No. . spring and winter
grades, and in two days they have put the
price up cents bushel.
No. . red sold in New York yesterday at
S1.O712 and here on call at S1.04 bushel.
The longs sre apparently not as yet trying
to squeeze the shorts or to run a corner
but the mad rush to fill the big line of
wheat out by the sellers has created the ad-
vance in prices. They realize that the
market is largely oversold in wheat as well
as in corn. Foreign advices yesterday
were all unfavorable but New York was
frmer. The boys are beginning to realize
that Chicago markets do not depend on
foreign prices at all. The receipts of wheat
both spring and winter are much smaller
than usual. and all seems favorable for a
huge corner.
To-day September sold at $1.02A 1.O4,
closing at $1.o34 1888, and on call
easier at $1.O3s5@lO315.
October sold at 95115 @96c closing at $3.50
and On call easing to 515@955sc.
November range from 9415@94%c clos
ing at the later, on call easing at 1890
944c.
Year sold from SO 7s@94$sc with sale
or two at 941ac, closed at 945$c and drop
| ping on call to 941c.
Winter wheat was in good request and
ranged from $1.O31a@1.O4, closing on call
at$1.03@ 1.O4. September 9S5s@9SMc. Oc-
tober 9758@98c. November 973@98c
It is.thought that McGeoch will continue
to advance September wheat, and if the
weather is favorable squeeze the bears
badly. He will not be likely to drop his
wheat before the end of the month as il
would break the market and make him 6
heavy loser whereas now he is coming out
in very fair shape with good thing to be
made out of his shorts.
OTHER PRODUCTS.
oats are quite active on call closing a
33@334c September and October; 1929
@33c November; 321s@325sc year, and
345s@34Bc May.
Rye is firmer and 1c and &c higher clos
ing on call at 594@61c September; COL
@611sc October; 64@641ac November
601ac year. Rye has been unduly depress
ed and ought to sell nearer to the price o
corn.
In the flour market to-day local jebber
made a few purchases and confined thei
inquiries chiefly to winter wheat fours
Spring wheat hours are quiet and but lit
tie new arriving as yet. Shippers are do
ing but little and only taking an occasiona
lot. The market is quiet and common t.
choice Minnesota S4@6.5O for common tx
fancy and patents $6.75@S.
Pork continues moderately active an
irregular, at least for the near delinquent
The tendency was little unfavorable 70
holders, yet yesterdays figures were we
supported and at the close prices were 20
higher for November. The last named fl
ture was the strongest deal on the lis
Late futures were quoted the sam