Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-05
WHEAT FALLS OFF VERY:,BADLY,
Corn, Oats, and Rye''Take a Header
ana Down They Co."
MORE ACTIVITY IN WALL STREET.
A Greatly Improved Turn in Western
Railroad Shares.
CHICAGO.
Especial Telegram to the Globe. |

brought to bear on them, and October
pork closes the day fully SOC lower than
yesterday, while lard for the same option
has declined 20c. The tone has been en-
phatically bearish, increasing as prices
shrunk, and shows no improvement at the
close. Armour let ribs drop back and
about all support was withdrawn from the
market. September lard commanded a
slight premium over October, and the two
near months were about the only options
that rallied, and they but five cents from
the bottom Of quotations.
There was regular stampede to sell
both wheat and corn, but both are rather
firm at tha decline; and October wheat
closes on the curb this afternoon at 98M C
bid, trifiie improvement.
On the board wheat was active, irregu-
lar, and at the close about 115c lower than
it closed yesterday. Early in the day sales
were made within about 70 of yesterday IS
closing, but the feeling was extremely
weak, receipts being still heavy and the
eastern and European markets dull and
weak, and there was very general dispos-
ition to sell, the belief in lower prices
seeming to pervade all classes of specu-
lators, and under the heavy offerings prices
fell OFF irregulahy 14@11c, then re-
acted about 10, afterwards fuctuated
within moderate range, and closed
tolerably steady.
Trading in corn was unusually large,
the market unsettled, and prices lower.
Sellers were again very numerous, and the
offerings were very large, in anticipation
of liberal receipts. Foreign advices were
unfavorable, quoting corn lower, and New
York reports also quoted weaker market.
Under the circumstances the local market
ruled weak, and prices declined
1@14c for the leading, and about
15@Ic for the more deferred futures be-
low the closing figures yesterday, but
rallied quickly under an active demand
from shorts, some very long lines being
filed and prices advanced in the morning
1@l4c for the leading futures, eased off a
trite, and finally closed $8e lower for Sep
tember, 58c lower for October, and $40 10
lower for the more deferred futures than
on 'change yesterday. The shipping de-
mand was very good, ana 1890 cars were
received to-day. Oat, the shipments aggre-
gated 235,500 bushels, and the charters
$4,000 bushels.
Oats were easier, with cash and
sample lots about 80 lower
and futures were Ac@15c easier.
The arrivals are large, but the decline was
mainly duo 10 lower markets for other
cereals. There was a good shipping de-
mand at the decline. Failures were firmly
active early, bat arterward ruled quiet.
No. cash sold at .J@ % 16c, generally at
25c.
Rye ruled 15Gtlc lower and very dali.
In barley the sample market was de-
moralized. Prices we're fully 5G 7o lower.
The arrivals are increasing and consign-
ments have been aoounulating until re-
ce4vers were forced to sell. few buyers
came on the market not from necessity
as much as on account of having the mar
ket all their own way, and there were in
creased sales at lower prices.
In store barley was about unstable.
No. was offered at SIC, but failed to get
bid. No. nominal. The futures were
offered 2G212c lower, but there was no
demand.
Considerable activity was manifested in
the market for hog products, but the feel
ing was greatly unsettled and prices ruled
decidedly weak and lower during the
greater portion of the session. The re.
ceipts of hogs were liberal, quality
good and prices lower, while
the reports from the foreign
and domestic provision markets gave
holders no particular encouragement. The
offerings for future delivery were liberal,
while the demand vas only moderately
active and mainly from shorts. The ship
ping demand was fair for small lots
though there is considerable business be-
ing transacted in quiet way. The re-
receipts of products were fair, while the
shipments of all kinds were large.
Ths Earket for mass oork exhibited
considerable weakness, though trading was
quite active. October and January at,
tracted more attention than usual
The offer ings were large and inquir,
active. The market opened at about YES.
terdey'5 closing prices, but soon weak ened
and prices declined 30935c on the whole
range. Toward tbs close the feeling Wa,
steadier and prives rallied LOG 12c, but de
clined again and closed quiet. The shin
ping demand was fair in the way of flIine
small orders.
A good business was reported in lani
market, but the feeling was weak ant
prices declined materially. The offerings
we're larger, especially of the more defer
red deliveries, while the inquiry was fairl
active,
The market opened at yesterdays clos,
ing figures and gradually receded 2od
221Sc per 100 pounds, later rallied 2H65
per 100 0pounds aud clored steady. Th
shipping demand was fair in a quiet way
At the stock yards to-day ander the in
f1ueuce of liberal receipts the market TO
hogs opened at about yesterdays figures
butsaoseqaently became weak and 5@1O,
lower. Sales ranged from S5@5.9O. Tn
Iress receipts for the day are 1900 head
ana $4,000 are expected tomorrow.
ihe cattle receipts we're liberal, an,