St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-20
CHICAGO.
rspeeial Telegram to the Globe

CHICAGO, Sept. 19.-On change to-day the
leading articles in the grain list ruled active and
strong. Corn, however, was the center Of inter
est, and the rapid advance of this cereal indi-
Gated that the power behind the throne in the
corn deal was satisfied that it had good thing,
and Intended to hang to it. In September
corn the advance was maintained to the end. but
in none OF the other cereals were outside figures
sustained to the last. The strength came largely
from the covering Of short sales and subsequent
easing of by reason of attempts to realize. Oats
were steady and provisions quiet and q
shade higher. The closing quotations Of the
October options were Wheat, 77Mc, un-
changed; corn, 54alc, &c higher; oats, 2534c,
unchanged; pork, $17, unchanged; lard, S7.2O,
sc higher, and ribs $500, unchanged. The
September option Of corn closed at Csc, a gain OF
&c.
Wheat fairly active, but there were few
outside influences Of q supporting character,
and although prices opened higher the absence
of strong local or outside buying demand
created dis;rust among the small and medium
operators, who bought yesterday because heavy
bull operators were buying for a big bull move
ment, and while their offerings were not exccs-
sive they were more than was wanted by the
bulls, and prices started the down grade.
The indication Of weakness brought out a good
many lots on which stop orders had been placed,
and decline Of iG1l4c was accepted, Just be
fore the close fair buying orders were received,
and the shorts who had sold early also
anxious to cover, and under the increased buy
ing prices rallied as@Isc above the lowest sales
II was generally thought, however, that had the
break in corn not been checked wheat would
have gone lower a. there is nothing in the situa-
tion TO Justify legitimate improvement,
and the indications point to a scalping
market for some time to come
The receipts were 23l cars, against 23S yester-
day, and Withdrawals from store were about 23,-
900 bushels, but there were no engagements Of
freight room. The market opened at 5sM &c
the last sales Of yesterdays regular session,
being at 77a4c e, but the outside orders less
than were expected. The British markets, which
had been expected to respond TO yesterdays
advance here, failed to do SO, and as there was
Gu increased desire TO sell manifested by small
operators, many OF whom had scalp on their
deals, and were anxious to secure profits while
they were in sight prices gradually settled to
TG's. but rallied on covering by shorts and closed
at ] O'Clock az re and on the afternoon board
at T1l C., November was the most largely dealt
in and opened at 19l3c rcceded under free offer
mgs to 7s'. C and closed at zoe. No. = spring
closed at 10 Gg7Gc. Red winter was &c lower
on No. . and sGlec on No. 3, closing at SO11c
and b3c re- peCuycly.
The latest estimate Of the old world @ crop -
said am oprrator to-day. ..docs NOT jndirato an,
very ercat abundance. although II Is better tban
m average. Spectators will do well to bear in
mind the fact that cheap wheat always vastly in
crta-cs the consumption in countries that are
buyers OF wheat, and we have now almost the
lowest prices on record. With no reserves OF
old wheat IN any country, and a largely increased
consumption. and with the prospect Of y greatly
reduced acreage for next ycnr's crop think
am warranted i'm predicting much better than
PREVAILING prices for the lar,cr mart Of the 1884
rrop or wheat.
MUmiuc ~ Rodman say. .Thc weakness yr,s
caused by Few large operators uploadipo the
wheat they bal bnpcbt tbc two pr,yiors A.
hayiu.,a n chance. 20 ,nal,a u sjighf n-oft ~, ~
usual thfn., for the buls. or lnte Tbcro has
been no s,.rrort 10 th, market in mis- ndyo,,~s
except what came from spcculatiop Tho le,,i,-
innate, demand +. ,till lf,ht and tb,.r ,,,I,j,
that we cam see 10 ip.,trv arv r,o.,siaI
advance We tbipl, f. ,,iIr lil,l,. soIi l,,,- ,a
pcrhaps loyyer than ever TN. opl, c,,,s,rtir.,
thing $50. so., I'm tb, sitpntiop for bi5o-s - H.
marked r,liipg oT i'm r.c.ipts ,ris ,,.,l ".
tbinI, they, mr.. likely TO fall off stu NOR, NV,
week, and ON the yolurn, Of rereints voIpes ,yi,,
royy lar-rIy lep,nd
Corn led tl,, sp,rrl,tiyo lis+ s,,i ,r,s .,, .,,.
OF attraction. the exritemept potsd yos,,rI.,
beu, dounlv intensified to dsy Tho adv.nro i,
S,ptcf1hc-,yas rp,-y 81. ,,,,r tho ,v,ro,, r,,..i,
prices of Yesterday art,rn,.p and - or ,h,
fvnrcs M 1 o.rrrrl, y,.t,rds, TN. ,,v.so -,
prices r,rIy rs.ti-.s tn. ,r.li,,i,,,s ,-,,;,,,.1
made i'm tll... d-snar,h,s and II l,,l,s a. g., s,,
selling tori...,,r- any ,im,, this year ,yos -,
trrrsc'. dangerous arics. made ON sba-, h,,l,,.s
a. ti. St1,l, OF old corn deliverable nm cor,,e,ts
is small and dat,. being decreased and If will -,
on.r, yc-, -s,a weather IN prt tI, nov, ,r,,, =,
scondi.ou 20 rrsd. No % U,r,s nnr,b.ssrs ~
November s,,d yc,- are NOR, Ii,,.Iv ?, IT, ,
profit than a loss. p-,rf3.5 tb,v 49,, r,..,. 80,
srft >rot.. Brt,s Their, il g., b.,o,,. -,-,,t,, -.
s....rh.- .,- ,,,..,,- .,,,,-,.,, - 0'
tc snrpris.n- ID, SEQ n ,,r.,,. i,,-.,s, - -.
duriny the balance NJ IN, month 49, ~, -
haze old corr, 10 sslt will ppt f,-,y,r, ~, -
euer.i,s TO .-ct il 10 market before N. L., -,
, tb. month TIN, re,ei,ts t,.s,y w.. An, -.
of which 1870 vycr, carfrs,. --,Iss and ,,, -,
d~av.sls from, sf,r, sc--rrat,s gy, oo, -
sl,.,,r.-. saw that ths asy,,,, he's ,,ls.,, IS
r,5r,-.J ,e,,, sbinnin.. ,ir,i-s Will, s,..,,.,
hs. u,s-,l No - above su other r,,-ts,s =, ~
country. cash ssi,s b,.p, M sgaflc -
elose sf tss.c S,ntsn,be- opere5 n, 81. -
.se cl,s.ns. a-l-,. ,cS,,rl,, and sl,,,st -,
Sistel, advanced IN isc but ,s f,,i,t'v ~. -,
g.. selling bscb and CLOSING, ON ,5e r,,-r,rr
board a, 6ls.c and app-eciatfp, ON III, sfts-roo,
board 10 65c. M which II closed II i ssi3 ,b.,
...r .,.,. ,...-t.r ..s-