Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-04
CHICAGO.
Especial Telegram to the Globe

to-day, with firm opening and a weak
closing, with not much change established.
On change trading WAS largely of local
speculative character, there being few out
side and shipping orders received. In lake
freights the demand for vessels was mod
crate and offerings only fair, rates steady
on basis of $40 for corn and 324c for
wheat to Buffalo. Railroad freights are
in good demand and rates steady on a
basis of SOC for flour, 25o for grain and
SOC for provisions to New York. Vessels
were engaged to carry 157. 900 bushels corn
and 10000 bushels rye. Flour was with
out chango, there being very little call for
any grade or quality and
the offerings next to nothing,
and it will be souae time before we may
expect any great Improvement. The
finer family and bakers' brands were
holding tirmer and tie Minnesota patents
would sell but shipping grades and low
grade stock was but little called for and
was quite dull. Eye -four slow. Bran
and all mill stufs we're sought after at
firm prices. In winter wheat the receipts
were smaller ami the market firm and
higher.
Wheat was firm early, selling 14c
higher than the lowest point touched yes
terday, then fell 20, and at the close Oc-
tober was about 1lc higher than at 1
o'clock yesterday, November Ac higher
and December Io higher. There was
some improvement yesterday after-
noon and this morning the first
trading was al about 10 advance
over closing figures at o'clock yesterday
and ruled firm, Influenced partly by strong
cables, and there was also an increased
disposition TO buy on Che part of specula-
tors, which resulted in a gradual improve
ment of 4c, after which there was some
weakness, prices declining 4c. and closed
easy on change On call it was in good
request, with prices firm and fractioaally
higher, with sales of $1,000 bushels Octo-
Der, 195, 900 November, 650,000 December,
$4,000 January, $4,000 May. Parties who
sold freely yesterday were covering today.
New York was higher and receipts smaller.
The trade is mostly local. 1t is a scalping
market, and Kent &, Everingham advise
selling. The May option was the most
firm.
In the corn pit the market was rather
quiet and trife unsettled, though the
l1cutation was only about 5s c and at the
close October Or cash was about Is lower
than at 10 O'Clock Tuesday; November un-
changed; the year unchanged and May Is
higher There was a good demand for
cash corn, including ell grades, and spec
pIati7e futures were Influenced largely by
the feeling il wheat, the frmness there
having a tendency TO strengthen the mar
ket for corn, but shere were free sellers for
every advance. The liberal offerings pre-
vented any Yery decided improvement, and
when wheat broke near the close corn fol-
lowed. On call corn is on gooa demand
but unsettled an3 lower on the near
but steady CT more deferred
futures. Saiea included, 5000 bushels
October, 2z0.000, November, 100000 year,
5000, January, $4,000 May. May was
particularly strong and commands prem
iun of 1 &c over November. There wes
good speculative and shipping business
transacted, bat Influences we're mostly OF a
local character.
The provision crowd is still selling corn,
and arrivals OF new Nebraska corn to-day
dampened the Grdor of the bulls. Ream
was q heavy seller of November, which in
duced smaller traders to put cut short
lines. Kent looks for lower prices to-rnor-
row, and EveriDgham advises selling.
Oats ruled rather dull and particularly
quiet on the regular market. The business
done on shipping account was fair, but
nearly all executed on the sample market.
For good samples prices were steady.
While common ruled dull and with large
receipts the supply all round was liberal.
On the regular market orders were limited
and trading was light with the feeling
dull and easy. On call prices were shade
higher with saIes of 10000 bushels.
Rye was very steady. The receipts were
smaller. There was quite trading in the
way of changing contracts, and there was
also some speculative demand. Shipping
orders, however, were light.
In barley the speculative market was
somewhat improved. The lower prices
recently established brought out more
orders for future deliveries, but brewers
and maltsters are not prepared to take in
much barley yet, and the cash demand was
no better particularly The receipts fell
off quite little, bat SO much barley has
had to be carried over for several days
that no material reduction was noticeable
in the supply, and sample lots were weak
for everything but the finest grades. The
bsst and most saleable barley is coming
from Iowa and Wisconsin. Minnesota
ranks next in quality, but the Nebraska
barley, with few exceptions, is of light
weight and stained, and sells slow at in
side prices.
Only moderate business was transacted
in the market for hog products, and the
fluctuations in prices were slight. Specu-
lators were not inclined to do much busi-
ness, being favored with few outside or
ders, while shippers showed ne particular
desire to purchase, and the offerings of
some descriptions were light. Foreign ad-
vices indicated a weaker feeling in lard.
Eastern markets were inclined to quiet