Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-27
CHICAGO.
ISnecial TeIeprar, Tn the Gloh,


CHICAGO, Sept. 26.-There was gener.
al expectation of lower markets to-day on
account of the failures in New York and
the nervousness engendered yesterday, but
although closing prices are shade lower,
the feeling is less weak than was looked
for. The opening was Influenced trife
by the frost last night, and the receipts
were less of both wheat and corn, which
tended to steadiness for time. Towards
noon the markets began to get easy and
lower, and this continued to the close.
Provisions have held up we'll, and an i'm
Proyement in tone if not in value ia to be
noted. A great deal of the business, as
was to be expected at this time of the
month was in the way OF changing
October aptions forward, but some
speculative demands showed confidence on
the part of new men. Bloom backed his
belief in pork by taking 10000 barrels.
The large receipts of hogs are shrinking
the premium on October lard, which ruled
Is cents ever November to-day, where
25 cents prevailed yesterday. The close,
excepting for October, is a shade higher
than on call yesterday, the gain for Nov
ember and year pork being 10 cents. Corn
has been dull aad averaged lower. The
frost last night was only heralded by the
bulls, but had little effect after the ope ming
The crop is, il /. broad sense, already
made, and the weather has ceased tc ex-
ert potent influence in values.
The scalpers had control of the market.
Lundblum was the heaviest buyer to-day,
bidding all day, and is said to have filled
in shortage of nearly 100000 bushels.
Many commission men are again advising
|, their customers to take a conservative
course and conine themselves to buying
on breaks and selling on bulges. The de-
mand continues brisk, vessels being char
tered to move $4,000 bushels. The days
shipments were 900 bushels.
Wheat has been active and unsettled at
generally lower prices. There was period
Of frmness soon after the opening, but as
soon as some large buying orders had
been filled prices gave way and the bears
raided vigorously, offering almost any
quantity. The close is quiet, but final
quotations are only shade under those of
yesterday. 1t is reported this evening that
the visible supply to morrow will show an
increase of 100000 bushels for the week.
The bears are making the most of this
rapid accumulation of stock with an en-.
tire absence Of shipping demand.
Lord Chief Justice Coleridge was vis-
itor on change to-day, and evinced unaf-
fected surprise at the din and turmoil
with which the exchange of food com.
modities in this city is accompanied. On
being urged thereto he made a few
pat remarks, and thanked the members of
the board for allowing him to escape un-
harmed from the 'bear PITS
The board will adjourn at noon to-mor-
row that those who desire may attend the
state fair. For the Same reason no session
of the call board will be help in the after
noon.
During the morning session the course
OF wheat was governed mainly by local in
fuenees. The receipts were but 239 cars,
but foreign advices quoted slim feeling,
and home markets were lower. After
decline early Of 1a@4c under yesterdays
board closing, there was a rally of %c, fol-
lowed by another shrinkage. On call there
were free offerings, but quite an active in
quiry. A million bushels changed hands
very quickly. The tone of the trade was
steadier than at ! O'Clock. AS compared
with prices current late yesterday after
noon October is 11ac lower, November go
lower, while buyers were paying what cell
ers asked for year wheat. The shipments
and charters combined to-day were but
$4,000 bushels. A fair speculative and
moderate shipping demand existed for
corn, but the market ruled more quiet than
yesterday. The receipts were $40
cars by rail and 10000 bushels
by canal. Pleasant weather with some
indications Of becoming warmer dissipated
the momentary strength induced by the
frost. Foreign adviees also quoted dull
feeling. Prices fell about 80 rallied 10