The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-09-09

CoRS LEADS THE DOWNWARD M0yENEyT-A
COMING CONFERENCE BETWEEN BULLS AND
BEARS.
CHICAGO, September 7.-At the close of
Change to-day President Durham, after
rapping vigorously with his mallet, an.
nounced that proposition had been made
looking to conference between parties in
terested In the unfulfilled wheat contracts
Tor July, and that such meeting would be
held tomorrow at Z. NJ. I'm the directors
room. An "amicable arrangement" Is
said to be the main object OF this proposed
coming together Of the bears and bulls. A
leading operator, who paid out 10000 on
wednesday on the decision Of the commit
tee, remarked that either he was getting
mixed In his Interpretation OF the English
language or the word amicable had wide
meaning indeed II IL recognized the justice
OF his paying S1.35 on July contracts and
other parties paying less.
The leading produce markets were again
active to-day and weak. The downward
movement was led by corn, which was
thrown at fearful rate for q while and
ruled slumpy afterward till near the close,
when it "picked up" little. This weak
ened oats and provisions, which were
traded in actively, while wheat was dull
scattered in the other markets. They sold
a good many oats, some corn, and as much
lard as they could "work off," The ex-
port business in wheat was very dull, but
there was little done IN corn for foreign
shipment Regular wheat was heavy, with
no great amount Of life in the deal, though
some folks called it more active. The
market for next month declined /! cents,
and closed cent be'ow the latest
quotation Of Wednesday, while spot
wheat was relatively heavy, losing the
longtime premium over the price for the
month. Liverpool and London were quoted
dull and depressed, while New York was
heavy, though quoted active later, at
sharp decline, and our receipts were much
larger than those OF the previous day. The
weather was warm, and reports indicated
more willingness on the part OF farmers 10
sell at present prices, a. they see big crop
will be harvested and are satisfied that quo
tations will have to rule low, with dimin-
ished demand for export. The latest Eu-
ropean advices speak Of good crops to re-
duce the importing wants Of the people
there. Corn was active and again weak.
It declined fully "A cents per bushel, but
rejected and closed not far from the latest
prices OF Wednesday. The British markets
were quoted dull, and our receipts were
nearly 60 per cent. larger than on the pre-
viOus day.
The market was really demoralized by
the weakness OF Wednesday, which was
due to the selling out Of biz line by par
ties who had become tired OF carrying if.
They had counted on Il market falling oil
in receipts after the August deliveries were
all made, and now see the corn coming for
ward about as freely as ever, while the
shipping demand Is less urgent, and eX
pectcd TO grow less, as oats are plentiful
and cheap. These people had little to sell
to-day, but their previous action called out
selling orders from others, and great
deal OF corn was unloaded during the
first hour. After that there was less Of
fered, and toward the close Il better de-
mand sprung up, as the Scalping element
deemed it wise TO operate for little reac-
ton, and that brought out other buyers.
There was little inquiry for shipment
late in the season. The continued maSni-
tudc Of receipts is what surprises the ma
jority OF the trade, and they are further
troubled as consequence Of the death OF
MIR. Kicker, who had been a main stay OF
corn. Mess pork closed 10 to - cents low
cr: lard, 20 cents lower; short rib, 20
cents lower; red winter wheat, II cents
lower: regular winter wheat, ! To cent
lower: corn cent lower; OATS TO cent
| lower; rye, 3 cents lower; barley, cent
lower