Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-13
CHICAGO.
Ispecial Te,epran ro Tho G,obs

There was good speculative and ship
ping demand and prices ruled higher.
The weather was cloudy and threatening
shipments continue larger. Operators
were rather disposed to purchase and
shorts were covering quite freely. The
offerings were very fair. The market
opened about 35c higher and advanced
4@15c more, then fuctuated and receded
but ralhed again and closed ia 55c higher
than the closing figures on change yester-
day. The market was active and strong,
cash or October closing about "a higher.
The firm tone of wheat was favorable for
corn. The gradual improvement that has
been going on for some days has developed
pretty liberal short demand and stimu-
lated buying on speculations. On call
the demand was quiet and
active and the offerings were rather free
with sales of 615,000 bushels chiefly of
November and May. A new feature in
the market is a southern demand for corn,
which has not existed heretofore. The
shorts interest is still somewhat large, but
the longs are not consolidated and with
better weather the receipts are likely to
increase. Still higher range of prices
than now prevails is looked for. The fear
of some shorts to-day that squeeze in
November was developing made this op-
tien actively sought after and brought it
up even with May. Vessels were engaged
for IA, 900 bushels.
In wheat a good speculative business
was transacted, but at times the market
ruled quiet. The feeling was a little un-
settled but withal rather firm. Receipts
we're fair and the shipments small, and
market advices from abroad quoted dull
heavy feeling. There was, however, not
much desire to force sales and
with the 6rmness in corn the
shorts were a little more disposed
to cover and buy against outstanding con-
| tracts. The market opened shade irmer,
eased off a trife, then fuc.uated slightly,
advanced later about 1c, and finally closed
about q higher than the closing prices
on Change yesterday. November was
higher, and May, about 15c higher. The
feeling among local operators was rather
bullish, and several large operators bought
quite freely, which caused some uneasi-
ness on the part of the shorts, and there
was pretty general disposition to cover.
This demand, together with a confident
feeling among speculators, caused an ad-
vance during the session, part of which
was subsequently lost, the market closing
steady On Change. On call, the offerings
were rather free, and the demand quite
active at an advance of 11sc, with sales of
755,000 bushels, chiefly of December. The
old bulls say that exporters will not buy so
long as the market is weak. There
are indications of better feeling in this
market which may result in some advance,
but if shipping demand does not come 8
higher range OF values cannot be main
tanned.
In oats there was an improved market.
The feeling was very firm and cash ranged
higher. The speculative market and
sample lots also brought an advance.
Speculative trading was quite active, a
good demand existing and the market was
stimulated by the strength shown in the
markets generally. On call the demand
was light and prices steady.
Rye was considerably improved, some
deliveries showing more advance than
others. The demand was good, fair ship
ping orders being filed and the deferred
futures were all more or less called for.
Offerings were only moderate and the late
decrease IN receipts is aiding very much in
strengthening the markets.
Barley continued greatly depressed. and
the bulk of the demand was from parties
who were bidding for the stock more from
the low prices ruling for the same than fol-
any Immediate need for the stock, and this
was for the better quality at that. The No
has to go largely in store with few sales
to be made by samples, while No. 3 was
dull in store for the poor to choice and
bright of this grade and hardly wanted al
all when very poor or dark. Some brew
ers and maltsters were slow to purchase
and the orders from outside are quite
light.
For -four there was a slow market and q
particularly light business, with home
dealers buying fairly, but outside orders
are very light, or for anything but low
grade stock, and the trade here has been
unable to sell with any fairness fol
some time. The supply is light
and millers were slow to operate while
there is SO lew price and SO little ing JURY
Rye -four was dull. Buckwheat flour wat
holding up. Bran and all millstuffs were
doing we'll.
In provisions not much life was exhibit
ed and trading was comparatively light
Spectators were not inclined TO do much
trading either on the call or outside &C
count, and shippers purchased only moder
etely in the way Of filling small orders.
The receipts of hogs were liberal and
favored buyers. Foreign advices were
rather unfavoraole and lards was quoted Is
Sd lower. Eastern markets were without
material change. The receipts of product
were higher and the shipments moderate
Prices on the whole range showed little
change and fluctuations were slight.
Pork was dull throughout at very steady
prices, the closing figures to-day being
nearly the same as were current at ths
close of change yesterday. If anything