Daily globe., 1883-10-29
CHICAGO.
Ispecial Telegram to the Globe.

active and higher, November closing about
2l(c higher than at 1 O'Clock yesterday
December 2Ac higher, January 215c
higher, and May 235c higher. There was
some strength developed yesterday after
noon, and this morning there was short
and speculative inquiry, under which
prices advanced irregularly about &c from
the opening, eased off trife, but the gen
eral feeling was strong and the closing
quite strong. There we're some warlike
runors, which, though without much ap-
parent foundation, helped to strengthen
the market. The market was Influenced
largely by shorts covering. The receipts
were smaller and shipments fair. while
foreign advices were a little
more encouraging and New York was
better. The rush of the shorts to cover
at about II o'clock nearly precipitated a
panic, and the transactions were very
heavy. Bloom and other active shorts
we're taking large lines, one of them no
less Than million bushels. II vas sad
day foc the bears, and few Of them are left.
4 great many trRdsr5 have joined the bull
side, and it looks like an advancing mar
ket for the balance of the month. About
3,GOO,0U0 bushels Of December were sold,
and the entire transactions nearly equalled
the entire stock on hand in Chicago. On
The curb December sold at 958c, and bets
Ware offered that it would open at 96Rc
on Monday. After change closed thou
sands of buying orders were received
from the country. It vas a
big DAY for the bulls ell along theIire. All
the other speculative markets tailed along
after wheat and substantial advance was
recorded in almost everything.
Corn opened higher than yesterdays
closing, wavered little during the early
part OF the session, but when wheat be-
came strong and ective, corn became
strong in sympathy and sold up irregular
Iy 58c, eased OFF q trife, but at the close
November was about 28c higher than at
o'clock yesterday, December 1c higher,
year 1c higher and May 58c higher. The
demand was largely from the shorts,
though the frmness also developed some
speculative demand. It ruled more active,
chiefly on speculative account, and the
the feeling was stronger. Shipping de-
mand fair. The receipts were smaller
and shipments larger, but the
principal cause assigned for the improve
ment was that the advance in wheat and
provision circles induced the short inter
est TO cover. Besides, there were some
large purchases made for November, in
cIuding some large lots, and this frighten-
ed the short interest.
Oats were made active and stronger
Prices were ruling strong for the day with
1ne better in other markets bringing in
more buying orders and helping to slight
advance for cash and all months for the
futures No. cash was called for, and there
was sufficient call in the sample markets
TO take all that we're on sale, although 1t
was impossible to obtain yesterdays out
side prices.
Rye was quiet, but prices
changed very little. Trading
was chiefly speculative and partially in the
way Of changing contracts from one
months delivery to another.
Barley was holding steady and sales were
quite ready at firm prices, and ell other
grades to the sample market and doing
we'll for the plump and bright grain. No.
cash sold readily for fresh cars to hold
above for round lots. No was selling in
the sample market entirely. The lower
grades we're all worked off, but at a low
range of prices, and the quite poor stock
is shipped TO the east and probably for
feed.
In provisions frmer feeling was mani
tested, and trading on speculative account
was moderately active. Prices were ad-
vanced on all the leading descriptions and
the appreciation was fairly sustained to
the close. Foreign advices indicated a
weaker feeling in lard and more strength
in bacon, the former being quoted Cd low
er and the latter Cd higher. Eastern mar
kets were stronger and prices more favor
able. The receipts of product were light
and the shipments quite liberal in the
aggregate.
The market COR mess pork exhibited a
fair degree of activity ard the prices were
frmer. The offerings were rather free and
the inquiry active, more particularly for
January and February delivery. Prices
we're advanced 15@25c as the
whole range, and the improve
ment was moderately well maintained
The shipping demand was only fair in
the way of filling small orders. Only a
moderate demand prevailed for lard, and
the offerings were not very large. The
market was stronger, however, and prices
ruled 5@10o higher per 100 pounds and
closed comparatively steady. The demand
for shipment was meagre. There was a
little more business transacted in the mar
ket for short rib sides, and the market was
stronger. Prices ruled frmer and 1O@ zoe
higher per 100 pounds and closed compar-
atively steady. Shipping demand mod
crate.
The quantity of No. 2 spring wheat be-
ing moved from the Northwestern ele-
vator, in this city, to the Pacific house
has been overstocked. The quantity