Daily globe., 1882-09-19
CHICAGO SPECULATION.
TITS STILL PRINCIPALLY ENGAG ED
IN CORN.
The Market Somewhat Steadier in Tone
Prices Well Maintained in Wheat-A
Scarcity of Psrk and Meats.
Especial Telegram. to the Globe.

Especial Telegram: to the Globe.
CHICAGO, Sept. 1s.-The fluctuations of
September corn are considered pretty in
definite on change just now. The jumps
and tumbles of this cereal are the princi-
pie feature of the market of late. and it is
feared its condition affects the other grains
and provisions, to very marked extent
The speculative options are comparatively
quiet, but you can't put your finger on
cash corn. The morning,quotation is no
indication of its worth il the afternoon.
Wheat remains quiet, but firm, its upward
tendency beinggnaintained. No. 2 was in
some demand, the range Of the session be-
ing &c on the long options, and at the
close seller the month was 1ac higher than
it closed on Saturday; other options un-
changed. There was fair inquiry to fill
shorts for September and there was a lit
tie irmness early, but it soon eased
off, but again frmed up.
Other options also improved
trife early, but subsequently eased off to
opening prices, then fuctuated slightly
and closed steady. September closed at
9914c, but on call stifened, selling at 99Rc
GS1. October sold at from 93%6
9424c, closing on the board at 95%c, and
on call at 94l4 a 943sc; November ranged
on the board at $3.50 944c, closing on
call at 935S@938c: year closed at 9311c
on the board, but sold 1s@4c higher ON
call. Winter wheat was III good request.
Spring wheat was active as far as cash was
concerned, but dull as to options. There
was a lively demand to fill September con-
tracts.
Lively trading was done in
corn, which was active and quite irregu-
lar, changing frequently, and at the close
cash corn was &c higher than it closed at
1 o'clock Saturday; October &c lower, No
vember IS lower. At the opening there
was very firm feeling, with an urgent de-
mand from September shorts, and the first
sales were at &c advance
on Saturdays closing, and
quickly sold 5s@4@1sc up, but the
feeling subsequently weakened after the
most urgent orders had been filled, and
prices fell nearly &c from the highest point.
The more forward options showed less
strength than September, October ad-
vanclng a, November ), 1c, and the
year l &c; afterwards became heavy and
fell off 1@14c, then fuctuated some and
closed as above rated. The longer options
are not in demand and sell charity Buy
ers are afraid of them. The promise of
fine harvest is forciug year and May stead
lily down. The buHs to-day in September
are the shorts again, who are still
buying. 1t is believed, however,
that the bulk of the over sale
OF this month is now cornered. The past two
days have seen large transactions in Sep
tember and October corn and October lard.
These were wanted and wanted badly by
a great many people, who only little
while ago could not sell enough to make
them happy. They We're said to be afraid
of a corner in both. There has been
really good export demand for corn, es-
pecially for high Mixed and it was ru-
mored that hot wind had withered it all
In Kansas. This put up corn, and lard
followed, while oats were stifened in sym
pathy, ans, wheat at first refused to bulge,
remaining steadily dull till near the close
Of Saturdays session.
Pork and meats are frmer on the same
general principles as caused corn and lard,
except that there were no well defined fears
OF corner in pork. Advices from differ
ent portions of the state increase the
promise of big corn yield. Interviews
with farmers all over Michigan and adjacent
counties put an encouraging aspect upon
the prospect of the crop. The weather of !
the past three weeks has been perfect for
developing, and the greater part of it will
be safe from frost on Oct. l. if it is not
nlpped previous to that date. The best
estimates now claim from one-talf 20 one
third of a full crop, that being from thirty
five to forty bushels per acre. The late
corn is not doing SO well as that earlier
planted, bat all of it is matur-
ing wonderfully, especially on titled
ground. There is good deal of old
corn in crib, but is held by men of means,
and will probably remain in crib until
prices are better. In most sections of
Shelly, ,Maco. Moultre, CHAMPAIGN, Ford, |
Iroquis and Christian counties the corn
will yield full three-quarters crop, while
in other undrained portions of the same
counties the crop will be almost an entire
failuae. But the average will come fully
up to the above, Kendall, Dnlage, Kane,
Dekalb and Will counties report an equal
ly favorably prospect. Some of the corn
is already beyond the reach .of the frost, |
and in few days more will be insured an
average yield. Extraordinary reports are
coming in of the progress made by the
corn crop of Iowa in the past two or three
weeks. The weather has been unusually
favorable. and fields from which nothing
was expected will turn out big yield. Most
of the corn is hard and oat of the way
of the frost. 1t is now
a,nAost a certainty tl,"t frorl E,e ircressed
acreage and hI.5hi, fae ..-.o G condition The
yield will be the largest and best ever
known in the history of the state.
Advices from Kansas are to the effect |
that the report that the corn in that state
was injured by the recent hot dry winds is |
- Il II TIL