Daily globe., 1883-08-11
BUT CORN A LITTLE WEAKER.
An Important Inquiry for Flour for
Export to Europe.
PROVISIONS A TRTFLE UNSETTLED
A Strong Bear Movement in Stocks on
Wall Street.
CHICAGO.
TSrec;al Telegram to the Globe. I

lower. Flour was more active and with an
improved home and outside inquiry, and
1t looks as though there was going to be
some reaction from the depression that
has ruled so long. The home jobbers have
quite light stocks, and are looking about
to replenish, while shipping and export
orders are more liberal, and there is a good
call for the low grades and good bakers
breads. In winter wheat the receipts were
larger, but the demand was very good and
the competition among buyers caused a
strong feeling and prices ruled 1c higher.
The demand was chiefly for shipment,
though some speculative demand also ex-
listed.
In the wheat pit regular No.
spring was fairly active, and the
feeling considerably unsettled. Foreign
advices were of favorable tenor, quoting
strong feeling and higher prices, which
caused sharp demand early in the day.
The market opened 3-5@15c higher and
advanced, with some fuctuation, an addi-
tional 4@Ic. Later, however, influenced
by larger receipts Of both spring and
winter wheat, the aggregate receipts being
40 cars against 81 cars yesterday, the
market ruled easier. Sellers became more
numerous, and the additional news that
two brokers in Indianapolis had not opened
their doors this morning brought out free
offerings, and prices declined 20 %c per
bushel from the outside range. The
weather in the west was also reported fine.
The market finally rallied again and
closed about 1850 higher than the
closing figures yesterday. Prices were
also stimulated by an advance of 12c in
New York, but the early buying was either
by shorts or brokers and outside operators
who went in for scalp, and when the first
demand was filed bidding became slow,
outside orders for round lots were scarce
When prices took down turn the bulls
met the hammeriug of the bears with
a strong resistance. Wheat closed on the
board steady. On the curb at $1.O416 for
September, and $1O5T for October. YES
sells we're chartered at Chicago to convey
179,O09 bushels, and at New York for 5O0,-
900 bushels.
In the corn pit the market was quiet,
large aggregate business was transacted
taking the market on the whole. Shippers
bought fairly. with trading chiefly spec
ulative. The feeling was somewhat easier
and prizes ruled lower all aound Warmer
weather and larger receipts, together with
the weakness in the provision market,
bank troubles i'll Indiana and large de-
cline in the New York market bringing
out rather free offerings. The market
opened shade lower and then rallied Il
@1Ic. but later under large offerings,
prices fell Of 78c for August and &c for
September and October below early out
side prices, fuctuated and finally closed
about 1c lower for cash, &c lower for
September, and fc lower for October,
than the closing yesterday, while the more
deferred futures declined but slightly.
Dows was rather free seller of Septem-
Der corn, which Influenced the local tailers
to let go their holdings. The inspection
showed an equivalent of 578 cars against
612 yesterday. The closing on Change was
unsteady; and the curb September corn
closed at 501lc. At Chicago vessels were
taken to carry 10000 bushels, and at New
York for 100000 bushels.
Oats were quite strong, declining for the
early part of the day, and there was quite
a rush to sell all futures, resulting in
break of 81 C for August and &c for the
year delivery, to only slight recovery.
Other crops were lower, and the fine crop
prospects was giving this depression. No.
, was very dull for new. There were in
creased receipts and limited demand both
for shipping and speculative demand,
closing heavy.
Trading was quite brisk in the market
for hog products to-day, but the feeling
was greatly unsettled and prices irregular,
and or the whole range decidedly lower.
The surroundings of the trade were gen
orally unfavorable to holders and buyers,
while the offerings for future delivery were
materially increased. The receipts
of hogs were somewhat larger,
and prices lower, and the
telegraphic acvices from both foreign and
domestic markets showed an easy feeling,
and in some cases lower prices were quoted.
In addition to this, the reported financial
trouble in Indianapolis assisted in weaken
ing the market, and tended to increase the
call for margins and also to enlarge the
offerings to some extent on behalf of out
side parties The shipping demand was
moderate, for orders chiefly for limited
quantities. The receipts of products were
not very large, while the shipments were
quite liberal of pork and meats, and rather
light of lard. The market opened COM
paratively steady about the closing figures
of yesterday, but soon weakened and prices
declined quite rapidly, with few fuctua-
tions to the inside range. Toward the
close the feeling was steadier, trading mod
crate and prices exhibited slight improve
ment for q while; in the provision pit
there were appearances of panic
but values are too near hard pan to be
hammered much longer, The demand for
mess pork was quite active, especially
from shorts, and the offerings were quite
liberal. Trading was quite brisk during
the early part of the session. At the
opening the market exhibited "a fair de-