Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-11
WREAT GREATLY DEPRESSED.
But Corn Remarkably Strong and
Several Points Higher.
THE WALL STREET SPECULATION
The Willard Properties the Exciting
Feature Of the Day.
THE ATTACKING PARTY's POLICY
Aa Attempt to Overthrow Willard From
His Control Of the Road.
CHICAGO.
Especial to the Globe. l

| Especial to the Globe
CHICAGO, Oct. 10.-See-saw markets were
the rule to-day-wheat down, corn up. In
the wheat pit on change in No. 2 spring
the speculative demand was fairly active
but irregular, r,fuctuating about during
the session, but at the close November was
about 24c lower than at 1 o'clock yester-
day, December about 24c lower, May about
10 lower and year about 2lc lower. The
first sales were at about yesterdays clos
ing, but there were free sellers and the
market Immediately commenced to weak
en- and fell off steadily 1 &c, but the de-
cline brought out pretty brisk demand,
and there was gradual recovery of 10,
then weakened, and closed rather steady.
The weakness early in the day was attrlb-
uted to arumor that visible supply had
increased during the week about 1850, 900
bushels. The market was governed mainly
by local Influences. Foreign ady1ces were
unfavorable, and New York lower earlier
in the day. Receipts were small, prices
tiuctuated somewhat, and finally closed
about q lower than yesterday on change.
| On the call board the market was un-
settled and trading active. Prices did not
change materially, but frmed up some un-
der free covering by short sales. which on
call we're 100000 bushels, largely of Novem-
Der and December. The exports since
Sept, 1st are nearly 100000 bushels
short Of the corresponding period last
year. Vessels were engaged to carry 93,-
| 600 bushels OF wheat.
Corn was active and somewhat irregu-
lar but generally stronger, and at the
close October was &c higher than it closed
yesterday, November Ic higher, year &c
higher and May 10 higher. The first
sales were very nearly the same as they
closed yesterday, but soon weakened and
fell 4@$5c, but under the influence of
lighter receipts and en- increasing demand
the market began to develop strength, and
there was gradual improvement, October
selling up 1c, November 1115c, year 1c and
May 1c, then changed slightly, and closed
steady. At the opening, Influenced by
the weakness in wheat, prices declined, but
later under an active speculative demand,
Influenced by the very material falling off
in the receipts, strange feeling was de-
veloped and prices rallied. The weather
was threatening, and operators anticipat-
ed smaller receipts than during the past
few weeks. Shipments continue liberal.
Foreign advices quoted a dull market.
On call the demand was active, with
stronger feeling on the near but easier on
long futures, with sales Of 1,250,0OO bush
els, mostly OF November and May. Vessel
charters were for $4,000 bushels.
The exports of corn since September
1 were 100000 bushels greater
than at the corresponding period last year.
Linblum believes in an October squeeze
in corn. and there are few, if any, bears
left tonight. Kent says that corn does not
look dear at these figures.
Oats were more active, and stronger
prices were ruling, with lighter offerings
OF cash, and the better corn market keep.
ing to an advance CT about &c. for cash
and near futures, and firmer feeling
throughout the whole list. Samples were
offered to Lighter quantity. Still, ii @
demand was brisk, and better prices were
obtained. Operators were in light
attendance. The demand from all sources
continues light, and offerings were
also very small. There seems to be little
disposition to sell at present prices, and
as the market holds steady there was o
object for the shorts to buy. Car lots are
taken mainly to make up round lots. On
call prices were frmer, with sales of 100,-
600 bushels, mostly May.
Rye was steady and fully up to the
prices noted yesterday, with light ca;i
for cash. but there were more buyers for
the futures, at. the low rates ruling and
a steadier grain market was helping to a
frmer tone.
Barley was without particular change
from yesterday, in there be-
ing quite good demand
for No. 3 and the better samples of No. 8,
aud more disposition shown to trade for
futures but for the poorer qualities there
was but little cell and regular range had
to be allowed. The home brewers and
maltsters we're buying, but mora because
Of the very low prices than any need of
The stock, while outside orders have been
quite light all the week.
Flour was more quiet, and trading was
lighter, with fair call for the finer family
brands, and considerable looking for good
follow shipping stock, but the scarcity of de-
sirable grades and the low bids was kee ping
from any heavy selling. The local buyers
were picking up only enough for their
present wants, and were not stocking up
at all, and sales have been light all the fall
on shipping and export account. Rye
| -four quite dull. Bran and all millstufs
were slow aad prices we're ruling lower.
Provisions were quiet and prices steady,
and averaged shade lower under larger
receipts of hogs than were generally an
ticipated, and some lower prices, especially
for the poorer qualities. Arrivals were
not averaging as good quality as for the
past several weeks. The shipping demand
for produce was light. Offerings
Of leading articles for future
delivery were fair, while the demand
was comparatively light and the trade was
largely local. A fair business was trans.