Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-28
Very3 Little Trading on the Chicago
Board Of Trade Yesterday.
THE PRICES MERELY NOMINAL.
Wheat and Corn Maintain Their Own
After a Hard TuSSle.
SPECULATION ON WALL STREET
The Past Reviewed and Forecast Ol
the Future Drawn.
CHICAGO.
Especial Telegram to the GlobeI

CHICAGO, Sept. 27.-On change to-day
the markets were only moderately active
and unsettled with the biggest prices in
the early part of tho season. Trade was
somewhat restricted by the adjournment
of the board of trade at noon to allow
members an opportunity of attending the
state fair now in session in this city. Floul
was quiet. Choice bakers -four was scarce
and saleable to local joboers, and this class
of flour was held firmly. Sales were re-
stricted on account of scarcity. Patents
were in only moderate supply and ruled
steady with some inquiry from local deal
ers. Winter wheat fours ruled quiet and
held firmly. Export fours quiet.No orders OF
conseq uence on the market. Receipts of
winter wheat were smaller and the demand
moderate. Nothing was doing for futnre
delivery.
A moderate speculative business was
transacted in spring wheat and the feeling
was rather steady, but prices averaged q
shade lower. Market advices from abroad
quoted quiet, steady feeling, but home
markets were weaker. The receipts were
smaller. At the opening the market was
q shade lower but soon rallied about Ia
5sc, then eased off &c, fuctueted and
finally closed 15c lower than the closing
figures on change yesterday. September
ruled quiet and was 9uotably about go
under October.
Corn was fairly active and steady at
slightly reduced prices. Shippers bought
fairly nd III fo;-
tive demand with no very pressing desire
to sell. Receipts we're fair and shipments
moderate. Foreign advices quoted corn
inactive and home markets ruled easier.
Prices fuctuated within range of 10
and closed about 4@3sc lower than yes
terday, No. 2 in fair demand.
In oats the market was shade easier,
due to quite free arrivals and to other
markets being shaded. The decline was,
however, very slight and unimportant.
There was quite liberal trade in cash
oats, for there was good shipping de-
mand. CarloLs ofNo. 2 and number of
round lots were sold at 27Ic.
MRye dull and quiet. The arrivals were
liberal, and demand generally limited
Weakness in other cereals also affected
the market somewhat, and it was quotabIy
dull and about 15c lower.
Barley was in good demand for No 2
and prime. Cash in store is wanted to fill
contracts.
Only moderste business was reported
in the markets for hog products, and
steadier feeling prevailed, accompanied
with slight improvement in prices. Re
csipts of hogs were smaller and prices
ruled higher, which exerted some influence
in the course OF the market fer product
Foreign advices were less favorable to
holders, and quotations were reduced
Is on pork and Cd on bacon. Reports
from the eastern markets were meagre, and
prices exhibited little change. The receipts
of product were moderate and the ship
ments quite liberal. The shipping inqui-
ry was only fair. The demand for mess
pork was only moderately active and offer
ings were not very large. Trading in the
aggregate vas rather lighter. Prices
were firm on the whole range and were ad-
Vanced Zoe and closed comparatively
steady. Tie shipping demand was rather
light and couliaed to filling small orders.
Tradi2g "A Lara was only moderately active
and the marke- vas firmer, accompanied
with ar advance in price of 21a@5o per
100 pounds. Offerings were not very
large, the inquiry being fairly active.
Cash was in fair request in the way of fill
ing small orders.
81 have sent my resignation to the di-
rectors of the board of trade" said Secrs-
tary Charles Randolph to-day
81 have seen the newspaper
reports of the supposed cause of
my action, but I have nothing
to say on the subject. have no further
explanation to make of my resignation
than had yesterday" A prominent mem
Der of the board said to-day: 81 never
agreed very well with Secretary Randolph,
but have never been hostile to him The
general feeling on the board is that it
would be just as well for the directors to
accept the resignation of the secretary.
He is a capable man and has large know
ledge of the affairs of the board, but he is
deficient in many respects. He has 2not
advanced with the development of the
board of trade and its increased impor-
tance among the grain markets of the
world. The secretary's Office is conducted
to-day just as it was when old Seth Catlin
handed it over to Secretary Randolph The
board was then in its pantalets as an in
stitution, and it was proper that the secrs-
tary's Office should be attired in that
Juvenile manner. The board since that
time has grown to exert the greatest infu-
ence on the markets of the world of any
single known institution. The secretary's
Office is still in pantalets, however, and
likely to stay SO unless change is made in
its chief. We should feel proud of our
secretary's Office, but under the present
administration we are not likely to see
anything envalued by it worthy of admira-
tion beyond the accuracy of its detailed
statement. What we want is live, young
ambitious man who would grow with the
development of his ofice-a man who
would understand the logic of facts and
figures. His chief duty should be to gath
or and disseminate information for the
benefit of the board. Mr.. Randolph is not
the man to Pule such an office and thera