Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-14
HERE SHE BOOMS.
The Chicago Market Lively and Advanc-
ing Yesterday.
CORN CONTINUES BIG FEATURES.
While Provisions iJO4 inthe Race for
Sky High Fl cures.
CURRENT GOSSIP b THE DAY.
And the Ups and Downs Of Prominent
Spectators.

Spectators.
CHICAGO, Oct. 13.-ThSfeswas veritable
boom in the markets to-day, and the ad-
vance was sustained all around. Through
the afternoon corn and pork evinced this
feeling in the most marked degree, but the
other markets were close behind. The re-
ceipts to-day were lighter than ever, won
derfully and suspiciouslJ light. This fact
alone has created considerable scare, and
there is thought to be something back of
it. It is believed the old corn is about all
in. and as the new crop eill not begin to
arrive in any qua1kity for some
time, it is thought He demand for
October corn will be greater than
the offerings and prices will pass to zoe
again. They came very near doing this
to-day and high mized is now worth TIC.
In the wheat pit to-day god specula-
tive business was transacted and feeling
unsettled. The marketsopened quiet and
under fair offerings prices declined I@
1ac, then rallied under a better demand
and advanced 1880, the N.frmness being
most marked for November. The receipts
were rather small and shipments quite
liberal. Foreign advices were unfavora-
BILE. Toward the close the market eased
off trifie and finally closed quiet and
about 4@Bc higher than the
closing figures on "change yesterday. On
the call board there was an active
demand but in the face of free offerings
prices ruled 4@$s higher, and million
and a quarter bushels sold at this price,
over half of it being November wheat.
May sold up to 1929. The receipts to-day
we're almost nothing being but 8S, ,A31 bush
els, while 265,O64 bushels were shipped.
The receipts in other cities were even light
er except in New York which reports a
quarter of million bushels, which is some
indication of where the wheat is going.
Winter was dull and slightly weaker. In
spring there was fair speculative de-
mand.
Flour continues steady and firm with a
fair trade. Corn was active and feeling
considerably unsettled. The receipts were
again small and shipments quite large, land
there was considerable desire on the part
of the short interest to cover. Early in
the day the feeling was unsettled, the
market opened shade higher but quickly
fell off about 5s@Mc, then commenced to
rally under sharp speculative demand and
and prices advanced sslsc for October
III @1Bc for new, Sc for
the year and 2lg1c for next years
delivery; then ruled easier. but again raj
lied and finally closed about 111sc higher
for October, 1Lic higher for November,
PIC higher for year. 1c higher for January
and 10 higher for May than closing
figures on change yesterday. No. was
in good request. On call the feeling in
tensified, and prices gained 4@3sc, Ocso-
ber closing 2ssc, November 15sc, and yea,
PIC higher than on yesterdays call board
Hutchinson was free buyer and the sales
were immense. On call alone 3,595, ,O0C
bushels were sold, a million and third be-
ing for year and million for May corn.
THE SHORTS ARE VERY UNEASY.
The millions of bushels unloaded during
Tuesday. Wednesday and Thursday by the
Lester crowd has made no impression on
| the market. Lester Poole and Kent & Co.
have cleared, it is said, three or fou,
hundred thousand dollars on their
scalp buying in the fifties and
selling at the high prices of the past few
days. All they have dropped Hutchinson
and Hobbs have bonght for. What they
are making somebody is losing.
TRICKY CORN.
Corn is a tricky sort of property to deal
in. 1t did the business for Alonzo Follett
New York note broker, and Richardson
the stove man. A year ago a corn deal
was run by a prominent house here,
The grain was bought at from 45c to TIC
At that figure committee was applied
to for a marginal price. The committee
acted without giving the commission
man who was engineering the
corner any notice. The manager
of that pace in such way ruined Folle+f
the note broker and Richardson the stove
man, and dozen others who were leanino
upon them. Follett's failure as everybody Y
knows brought down half dozen reput-
able concerns which were in no way mixed
up in the speculation. Both men ALTHOUGH
very rich, were pretty we'll cleaned out at
this time. Their commission man. how.
ever, did not know this. He supposed
they we're millionaires. They tried it
again through the same house lust be-
fore Kicker ran coin in the eighties. They
were loaded up with the grain
but the onslaughts of the bears
were too much for them. They had not
money enough left. They were beaten
again. They saw Kicker Immediately af-
ter their failure succeed in the very
scheme they had not conceived. Their
commission man was amazed at their
backing out at the critical moment of the
speculation. The mystery w.s cleared up.
however. when first Richardson failed and
then Follett.
The offerings of oats were small and ar
| rivals light and the situation was such as
to hold the market steady even if unaided
by other influences, but the
tirmness in coin which did
prevail served to stimulate the market
still more and prices advanced over the
closing quotations of yesterday. On call
the advance was more than sustained.
PROVISIONS had a big day Of it, and