Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-08
THE CHANGERS LEAD THE TRADE.
CHICAGO.
Especial Telegram to the Globe. ]

Oh -'SS IO-uay, aEu materially nelpeQ the
bull side by melting the shorts in corn to
lively buying, The prospective war be-
tween France and China had more or less
influence to stiffen the wheat market
Large sales OF ths latter cereal were made
early, based on the heavy increase in the
visible supply, but the irmness in corn
induced several parties heavily short in
wheat 90 covsc their lines, perhaps on the
theory that & bear arguments were be-
lug exhausted. Most of the buying ap-
peared to come from this source, and
among those who bought were permanent
traders, as Lester, Adams, Schwartz and
Crosby. The shipping demand for corn
continues, and the market developed great
strength during the day. Shorts also were
extremely anxious to provide for outstand-
ing contracts. The recovery in provisions
noted yesterday was continued to-day.
Hutchinson was strong buyer of Jan
uary lard, which brought out some further
support for the market. The frmness in
grain of course exerted salutsry influence.
New York parties were the largest sellers.
The general opinion is that no real harn
has been done by frost as yet. Some
samples of corn from Dixon, ILL.,, were
shown on the floor which it was claimed
had been injured, but there was diversity
of ideas as to this. The dews are very
heavy at present, and persons not fully
posted think it is frost they see in some
instances. Hence, many of the dispatches
from the country.
Thessrecipts of grain continue quite
large. The total to-day was 1,447 car
loads, of which 322 were wheat and 8O4
corn. Some 10000 bushels of corn were
also received by canal. This is not so
formidable anEamountwhile the shipments
hold up. Nearly half million bushels
we're forwarded ont to-day, and the outgo
of other grain was liberal, amounting to
10000 of oats and 900 bushels corn.
The vessels chartered to-day will carry
10000 bushels wheat and $4,000 bushels
of corn.
The days improvement for the October
options is 1c in wheat, 115c in corn, sc
in oats, 10c in pork, and 1215c in lard.
On the board wheat was active and
prices higher. The receipts continue fair
and market advices from other points
quoted a steadier and frmer feeling
There was more desire to
purchase with "shorts" covering freely
and the offerings although large were une-
quail to the demand. The market opened
unsettled at about the closing figures of
yesterday, then became weak, and prices
daaIir,aH ohO1E Iad F0r
awhile, and finally advanced under an
active demand 158@124c, fuctuated and
closed 1@1Ao higher than yesterday.
November at one time sold as low as $3.50,
a few sales being made at $3.50, but the
depression was short lived. The reported
posting Of 10000 bushels at New York as
hot had something to do with the weak
ness.
- Corn was very active and higher, and
the advance was attended with some ex-
citement. The receipts were smaller,
but the chief influence on the
market was the weather. Reports Of
cooler weather and falling temperature
in the west caused the shorts to cover
pretty freely, and while the offerings to
sell were liberal and caused occasional
weakness, the demand exceeded the desire
to sell, and steady appreciation occurred.
The market opened 4@$sc higher, eased
of to the extent of the advance, and then
rallied with slight fluctuations and closed
178911ac higher than yesterday. The
news of the cold wave in Minnesota form
ing q storm center, together with rainy
weather threatens frost, causes a good deal
of uneasiness.
In the oat market as compared with yes
terday's closing prices ranged about 10
5Sc higher. Shippers and local buyers
bought freely by sample, and there was a
good speculative demand on the regular
market. The feeling was firm and the dis
position to sell rather tame
Rye twas firm and 10 higher, with a
good speculative demand.
Barley about steady.
Quite an active speculative business
was transacted in the market for hog
products, and frmer feeling prevailed
during the greater portion Of the session,
accompanied with material advance in
prices for all leading descriptions. The
interest appeared to enter in the mess
pork and lard for October and January de-
livery, though the inquiry for other de-
iVeries showed some improvement. The
offerings were rather free, and prices were
subject to quite frequent fluctuations.
Foreign advioes indicated a steadier
feeling in lard, which was
quoted Sd higher, while pork
was steady at former figures and bacon
dull and depressed at Is reduction. Re-
ports from the eastern markets showed a
steadler feeling in that quarter, and prices
favored sellers. The shipping demand
was moderately active, though a good
share OF trading is transacted quietly. Re-
celPts of hogs were fair and prices were
higher, which exerted some influence on
the course OF the market for product. The
receipts OF products were not very large,