Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-03
PROVISIONS RATHER INACTIVE
A Few Comparative Statements Infiu
encing the Trading.
CROP REPORTS ON WALL STREET
Exercise a Very Perceptible Influence
Upon the Stock Dealings.
CHICAGO.
Especial Telegram to the Globe. I

corn by strong parties, whom it was
thought might design bull raid, caused
some covering by shorts, but the feeling
didn't last. The big wheat bulls were TAX
ing less interest in the market than for
some time. The receipts of oats were
liberal, the inspection being 129 cars to $40
of wheat and 581 of corn. The heavy
movement out was also continued, 221,6OO
bushels being shipped, as well as $3.50
bushels of wheat and 262,070 of corn.
During the week ending to-day there we're
received here I64,395 bushels wheat, 1885,
375 corn, and 981,971 oats, while the ship
ments were 1877, 400 bushels of wheat,
1,771,O67 of corn, and 697,463 of oats.
The comparative statement in tons
of shipments east from Chicago for
the week ending June shows that
the total Of -four, grain and provisions
carried in the respective commodities as
named to 2,082, 1865 and 1898 tons. The
lake engagements to-day were $4,000 bush
els wheat, 100000 corn and 10000.
Fairbanks circular places the amount of
lard in the country at 217,466 tierces
against 240,716 tierces a year ago. Only
1889 tierces of this is deliverable on
contracts as prime steamed.
The New York crowds brokers were
bears of g good deal of wheat to-day but
not so much by half as on yesterday.
McGeoch's rejection of the lard deliv-
erod him by Fowler Bros. syesterday was
the subject of considerable talk again to-
day. Opinion as TO its meaning being di-
vided. Mr.. Anderson Fowler said to your
correspondent 'the lard that we sold to
McGeoch is as pure as any that was ever
made. If he has any afidavits pretending
to show that it was adulterated to any ex-
tent they are false. That's
all We have to say" Mr.. McGeoch
had nothing to say this morning beyond
reitarating that the lard was dishonesty
made. The matter has been before the
provision inspection committee who will
have meeting on Monday to consider
afidavits which Mr.. McGeoch has had
prepared in proof of adulteration. If the
charge is subs tantiated it will have a very
serious effect on the lard market, as there
is oyer $1.000,000 worth now on hand and
its depreciation would be enormous in
case the fraud is proved.
In the wheat pit ontIhe boardto-day affair
aggregate business was transacted, but at
times during the session the market ruled
very quiet. The feeling was little IN
settled. At the opening prices were a
shade better and later advanc-
ed to point 586Mc
higher than the closing figures yesterday,
but under more liberal speculative offer
ings the feeling became weaker and prices
ruled quiet und closed about &c higher
for July, 18c lower for August, 35c over
for September than on change yesterday.
The warm and pleasant weather somewhat
increased the confidence OF the bears.
Tehre was q good business done in corn
both in speculative and shipping account,
although at times the speculative trading
dragged slowly. Tie warm weather and
liberal receipts had a rather depressing
effect, but there was some une2siness on
the part of shorts on account of heavy
buying the past few days by some large
operators. At the opening the feeling was
firm and values a trihe higher afterwards
advancing to sc above yesterdays closing,
but later ruled weaker declining 3$@bc.
and closing about sc better than yester-
day. The shipping demand for oats was
good, the offerings being readily taken and
sample lots Of good white oats were ready
sale to shippers and prices were firm.
Mixed lots and common grades were rather
SLOW. The speculative trade was light.
Still steady, firm feeling pervaded the
market. Prices did not fuctuate to any
extent, and the market was slightly better
than at yesterdays closing.
There was good speculative inquiry
for rye, but the shipping orders were light.
Cash was without essential change, but the
different futures were frmer. There was
good demand for deferred deliveries.
They were wanted in the exchange of con-
tracts. The premium over June was in
creased by the longer options, advancing
1-6@15c.
Hardly anything was doing in barley.
The demand for hog products was mod
erately active, and the offerings were fair
Prices were firmer and higher early in the
day, but receded again under the influence
of rather free offerings, and closed tame.
Stocks of all kinds were quite liberal, and
IN the aggregate about 100000
pounds larger than at this time last year.
Shipping demand fair, some round lots
being purchased quietly for the Southern
markets. Foreign advices rather unfavor-
able, and pork was quoted Cd lower.
Eastern markets steady. The receipts of
products were fair and shipments moder-
ate. The demand for mess pork was fairly
active early and prices were advanced
58l0c, but weakened again 15@2oc and
closed qniet.
Ofhe inquiry for lard was fairly active
early, and prices were advanced 225@5c
per 100 pou DIS, but receded again 5@10c
ana closed steady. Offerings rather free,
especially of the more deferred deliveries.
There were $500 hogs received todny and
values about held their own. The receipt
of hogs during the past week were 1O4,-
283 against 1851 for the week previous
and 1888 for the corresponding week
last year. The receipts of hogs for the