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

CHICAGO, July 3l.-Ihe cold rain madc 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 a
bearish feeling, but aside from this l 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 81 SO, 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 97Hc.
Corn was active, but the receipts were too
big to bull it on August. Curb is 76Ac.
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. Q
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 "fulI pound of flesh" The clos
ing price of Saturday, $I.34, was advanced
after few settlements made early
in the day to $l.36. 1t then dropped back for
prudential reasons to $l.33, 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
decker at 81 .3615. A settlement committee
will be appointed at once to fix the settle
ment price, which will, it is generally believed,
be Sl.10, though many lock for lower
figure. The prevailing. figure to-day,
would produce many law suits.
New barley was received on Change to-day.
The receipts OF grain to-day aggregated nearly
600, 900 bushels, and of the 1 ,239 car loads 497
were winter wheat. The receipts of winter
wheat will far exceed THE most sanguine pre-
dictions 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 2Q215c, and after
a decline of &c, prices closed steady for July
and HQ1c higher for other futures. Sales:
9Sc@$1. OO1f for July, 96A@9S2s for August,
61a@9SH C for September, 96@971c for year.
Winter was also active and unsettled, advaEc-
ing 315@4c early, dropping SIC, and later
another cent, finally closing unchanged for
July, nc lower for cash. Sales: 9Sc0Sl or
for July. On call sales OF regular were 570,-
600 bushels, and prices steady to nc higher
Winter, $4,000 bushels asier for some
options, firmer for others cpring, $4,000
bushels, unchanged; cash seing quoted at
81 60 bid.
Corn was unsettled, fuctuating and irregu-
lar, while good business was done. Opened
firm and 14@i15c higher, but at once declined
X csc for futures and 2hc for cash. The
corn weather is excellent with lots of warm,
copious showers and hot sunshine. At the
close there was little rally and prices were
lie lower for cash, &c lower for July and un-
changed for August and September. Sales.
76x @79c for July, "a & 976c for August, 7315
@74s4c for September, 65@66& C for year. On
call sales were 100000 bushels; prices easy
TO &c higher.
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 early but was afterwards
weak, and closed &c higher. Sales: 3S@39c
for September; was once nc higher but
urOppeQ lie ana closed lower. sales o413
@35]ac. On call sales were 100000 bushels;
prices 11sc lower to &c 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: $20.O7X Q20.40 for Septem-
Der; S20.21 @20.45 for October. On call, sales
were IL 600 bushels and there was sharp ad.
vance, ranging 5@221155, 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:
$la.0@12l6K for September, $l2 1715@12.25
for October. On call sales were 5000 tierces
and prices 2X @5c higher.