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 Couvts
Especial Telegram to the Globe. ! =


Especial Telegram to the Globe. ~,
CHICAGO, July 3i.-The cold rain made a
strong opening in the wheat market. Wheat
soon advanced to $3.50 for September, but
when it touched that point there were plenty
OF sellers, which broke prices and the market
closed at noon at about 974c. The receipts
are lighter and there seems to be less of g
bearish feeling, but aside from thisI can't see
any feature which points to an increase in
prices. There was much excitement regard
ing the settlement of spring July contracts.
Or course the market is badly cornered, the
price being $t.36, and the boys are getting
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 97Xc.
Germ 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 S1.-Although the markets
were very active and unsettled to-day, and
there was less excitement than would natur-
ally be expected with the elimination of three
great corners in wheat, corn and oats. No.
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
jim the day to sl.S6. 1t then dropped back for
prudential reasons to $l.3S, 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 $l.36T. 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 lower
figure. The prevailing figure to-day,
as wou,d confirmed nnnSl.o by the committee a,s
New barley was received on change to day.
The receipts OF grain to-day aggregated nearly
600, 600 bushels, and of the 1 ,239 car loads 497
were winter wheat. The receipts of winter
wheat will far exceed 1.-THE most sanguine pre-
dctions made earlier in the season. Regular
under unfavorable wet weather and
closing at pretty nearly inside rates. The
early advance was 2@216c, and after
decline of &c, prices closed steady for July
and q Ole higher for other futures. Sales:
Se@sl.OO16 forJuly, 9614 "a 9S% for August,
9619 $685. C for September, Y6(@971c for year.
Winter was also active and unsettled, advaEc-
ing 3H@4c early, dropping SIC, and later
another cent, finally closing unchanged for
July, &c lower for cash. Sales: 9Sc(0S1 or
for July. On call sales of regular were 57O,-
GOO bushels, and prices steady to &c higher.
Winter, $4,000 bushels easier for some
options, firmer for others Spring, $50, COO
bushels, unchanged; cash being quoted at
81 SO bid
Corn was unsettled, luctuating and irregu-
lar, while good business was done. Opened
firm and 14@l1Sc higher, but at once declined
H@5sc for futures and 2Xc for cash. The
corn weather is excellent with lots of warm
copious showers ana hot sunshine. At the
close there was little rally and prices were
lie lower for cash, &c lower for July and I'M
changed for August and September. Sales.
Toy @79c for July, IA @76c for August, 731S
@74$lc for September, 65@66 q C for year. On
call sales were 100000 bushels; prices easy
to nc higher.
Oats were active for July and cash. Prices
were 2@3c higher. selling at 60@62c 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 &c higher. Sales 3S@39c
for September; was once nc higher but
dropped 1c and closed n lower. Sales 341S
@351c. On call sales were 100000 bushels
prices sc lower to 4 higher.
Pork was moderately active and 5@7Xc
higher early, but dropped 25@30c, then to.
wards the close advanced 15@20c and closed
steady. Sales: $50. OK @20.40 for Septem-
Der; ss021 @2O.45 for October. On call, sales
were IA ZOO 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 q little better. Sales
Sl2.07@12.16H for September, $12 1716@ 1925
for October. On call sales were 5000 tierces
and prices 2H csc higher.