Daily globe., 1883-07-21
NOT MUCH DOING.
Business on the Chicago Board Of Trade
Very Light Yesterday.
MARKETS GENERALLY UNEASY.
The Telegrapher's Strike Exercising a
Disturbing Influence.
A LOWER TENDENCY DISPLAYED.
Some Activity Manifested in Stocks on
Wall Street.
MARKETS GENERALLY UNEASY.
A LOWER TENDENCY DISPLAYED
CHICAGO.
Especial Telegram to the Globe

marked to-day. There were but few tele-
send out but few, the uncertainty of the
companies clause Subject to delay" being
transmitted to mean very slow answer.
Two operators were at work in the Western
Union at the boafd, but neither of them
appeared to be very busy. Orders from
outside were meagre, and there was gen.
eral disposition on the part of nearly all
traders to close up outstanding deals and
await developments. There was consider |
able yelling from the crowd of excited |
brokers in the pits, but for all that less
business was done than for many day.
On the open board matters were worse,
the quotations being checked up at the
rate of one to the half hour. Scarce any
trading was done. and it was suggested by !
facetious member that the board ad- |
journ to the lake front for a game
of ball. Outside traders must not forget
the serious disadvantages Chicago mer-
chants are working under at the present
time, and should make due allowance
therefor.
The settlement of McGeoch's affair is
| slowly progressing. Receiver Bensley has
paid out $15O,000 to attaching creditors,
securing the release of their claims. The
| property released was Immediately pledged
to secure $115,000 additional funds at
Milwaukee. To-day mortgage from Nc
Geoch to Geo. Johnston, ST., of Aberdeen
shire, Scotland, given to secure the pay
ment of $4,000 was filed in the Office of
the register of deeds.
Another mortgage, running from Nc
Geoch to Warren F. Hughton, of Indian
territory, conveys several lots to secure
the payment of $4,000 at the end of three
years. A deed executed by McGeoch to
John L. Mitchell, conveying 1872 acres of
land in the town of Greenfield, McGeoch's
homestead, was filed also. The consideration
for the deed is 100000. This places the
elegant homestead and pretty much all of
Mr.. McGeoch's available property in the
hands of others. The money will all GO to
settle the debts incurred by the great
failure.
In the wheat market to-day the feeling
was quite strong. The unsettled weather
coupled with desire on the part of local
traders to even upon their outstanding
deals tended to considerably strength and
prices averaged B@4c higher and closed
at an improvement of 20. The improve
ment was general and included the entire
market. The trading during the day was
slow and spasmodic, outside business was
interrupted and the transactions made were
almost wholly on local account. A fair de-
gree of interest, however, was maintained,
and the market was rather closely watched
throughout. The crowd was selling early,
but there was an undertone of strength that
made itself manifest later. August closes at
1.0312 "A narrow range of fluctuations seems
probable until we can have general CO n
munication by wire. New York reports a
fair export demand for wheat but the scar
movement. Rainey weather in England
has advanced Liverpool quotations Id.
Corn was only moderately active. The
interruptions to the wire connections OF. the
board with the outside world curtailed
; materially outside orders and business was
: confined mainly to the trading on local
account. The shorts and parties anxious
to even up on their outstanding lines of
trades were however fair buyers under the
circumstances. A good showing of inter-
est was manifested. Prices were also
!. trife stronger than on yesterday and at
:, the close exhibited a general improvement
of hose. In the trading August, Sep
tember and October were the leading
futures, the more deferred deals being
comparatively slow. July was quiet at
about August prices. Cash corn met with
fair demand. But the shipping de-
mand for car lots was not large.
The oats market ruled with steadiness al
the same time trade was dull and quiet
No. > cash oats we're 15c higher. These
were taken mainly to hold against con-
tracts, and sold at 34@3415c. July was
also in demand and sold &c higher. Sep
tember was shade higher, but longer de.
: liveries were rather neglected and without
essential change. No. 2 white oats were
, taken by shippers at 36c, the same as pai6
yesterday. Offerings were light. Th'
t better grades of sample lots sold quite
: readily and ruled steady, but common
such as mixed rejected, ruled dull.
Rye was quiet and slow, with bushes
next to nothing for the day. few ca
Z lots sold, but speculation was lifeless, ant
v for some futures prices we're shades
!. slightly.
+ Barley was entirely neglected.
!. Provisions were firmer at the opening
Q the demand centering on pork. Then fo
n lowed season of mastery inactivity
e Not more than a thousand bal
rels changed hands at the cal
and the crowd were more dispose
- for pranks than for business. Abou
- half past twelve it was noticed that goo
demand had set in for lard and all offer
= ings were withdrawn so that Singer pu
~ October to $3.50, nearly half cent u
:! u from yesterdays low points, and the tai
went around that Fairbank and Fowle
/ even contem plate a squeeze in the nes
v options of September and August. {
| course outside orders were megre and tt