Daily globe., 1883-08-10
Prices on the Chicago Board Again on
the Down Grade.
A LOSS IN BOTH WHEAT AND CORN
Favorable Crop Reports and Lower
European Markets the Cause.
PROVISIONS SOMEWHAT STRONGER
The Bears Maintain Their Hold OH the
New York Stock Market.
CHICAGO.
[snecial Telegram to the Globe.

there was considerable trading IN the lead
ing cereals, mainly, however, on specula-
tive account, and prices were unsettled
and irregular, closing weak at the inside
figures. Wheat was d to 25c lower, corn
11ac lower, oats &c lower, rye 1c higher.
Hog products were steadier. Mess pork
5 to 10c better, but lard closed shade
lower than twenty-four hours ago. YES
sells were engaged to carry 10000 bushels
of wheat, 100000 bushels of corn, and 49,
900 bushels of rye. Flour was more ac-
tive, and there was more looking about for
shipping and export stock, and at the low
prices now quoted it is thought we will
have an increased movement. The home
trade were buying sparingly of the
winters and better springs, while few were
offered, while the sales show a heavier
movement to outside. Rye -four was dull.
Bran and all m1llstuffs were going out
fairly.
For winter wheat the demand was again
very good, and strong feeling was de-
veloped with prices showing further ad-
vance of 115@1c per bushel. Receipts were
only moderate and all offerings were
taken up quite readily at current quota
tions, chiefly for shipment.
In the wheat put there was a moderate
business in No. 2, and prices were consid-
erably unsettled, fuctuating about 7sc dur
ing the session, and at the close August
was about 4c lower than yesterday,
September about 5so lower, and October
In no ~
about yesterdays closing prices,
sold up trife, then be-
came weak owing to dropping markets
at the east and in Enrope with better
weather in England and broke off %c.
But the demand continued free, and when
it was reported they were having bad har-
vest weather in France became strong and
advanced nearly &c, but near the close
the market became slumpy under very
heavy offerings and fell off sharply, clos
ing weak. The increase of million bushels
in the visible supply gave the bears conf
dence. However, good parties are buying
at the decline. September closed in the
evening on the curb at $1.0315. d.
In the corn pit No. was rather unset
tied but generally lower, and at the close
cash No. 2 was about 211c lower than it
closed yesterday, August 1870 lower, Sep
tember 118c lower, and October 1c lower.
Early sales were at nearly the closing
figures of yesterday, but quickly weak
ened, owing to sympathy with the
weaker feeling in wheat, lower New York,
and free sellers. The reported increase in
the visible supply helped the depression.
fell off 1c on August, 1ac on September
and 15c on October, recovered some, but
just at the close became very slumpy, Au-
gust declining 15c from the highest point,
September 1 &c and October 1c, all closing
weak. Car lots of No. were in good de-
mand from shippers and closed at 52c.
Engagements were 100000 bushels and the
rate was &c higher. The receipts were
heavy but little smaller than yesterday
The weather was more favorable for the
growing crops. Lester was limited buy
er, but the crowd was disposed to pound it.
September closed on the curb at 5OAc.
Oats were more quiet and after a firm
opening was breaking off quite heavily
with the weakness in corn and
the free selling orders in
oats on promise of a big yield, bringing
about depressed tone and lower range.
No. 2 cash was fair sale for new at 27Mc
and old at 2815c, but very few cars were on
sale, and the call in the sample market was
sufficiently good to take all that were offer
ed, and at better prices on track or free on
board than could be had in store.
Rye was act i've and higher. Cash shows
on the whole range about 1c advance, and
futures ranged 1@115c higher. Shorts
bought freely of cash and August, and
there was some speculative demand for
September and October deliveries. Ship
ping demand reported somewhat less,
still vessel men report considerable inquiry
for freight room. Cash No. 2 sold at Gle
for round lots.
trading is neglected. Operators are
holding off to see what will be done
about changing the rules of inspection.
The cash market rules dull. 1t is too
early yet for brewers and maltsters to take
hold. A few cars of barley are coming in,
and are offered by sample. They sell
slowly.
There was fair business reported in
the market for hog products to-day, but
the feeling was somewhat unsettled and
prices fuctuated quite frequently, yet
within a short range. The receipts of
hogs were comparatively light, and prices
ruled higher, which exerted some influence
on the course of the market in general
way. The receipts of products were small,
while the shipments we're liberal, especially
of meats. Foreign advices showed a
stronger feeling in lard, and accompanied
with an advance of Sd. Bacon on the
other hand was dull and Cd lower.
Eastern markets were steadier without
material cange in prices. The shipping
inquiry was only fair and buyers were
rather slow to meet the views of sellers.
At the opening the market was frmer and
prices were slightly advanced on all the
leading descriptions. Later the market
weakened and prices gradually receded to
the inside range, but near the close ruled