Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-15
THE PROPS REMOVED.
The Bulls Desert the Chicago Board
andaPrices Decline.
No Better Prices Expected for Some
Time to Come.
DEPRECIATION IN PROVISIONS.
A Raid on Manitoba in Wall Street
Sends the Stock Down.
CHICAGO.
LII GRAINS A LITTLE OFF.
DEPRECIATION IN PROVISIONS.
CHICAGO.
Especial Telegram to the Globe.l

CHICAGO, NOV. I4.V-Eyerythlng was
slumpy in the leading speculative markets
on change to-day, though all the articles
were fairly active. The downward move
ment was largely aided by the free, sell
ing of the bears, who are pounding the
market with the increasing stocks, and
light shipments as hammer. and there is
no doubt but that the accumulation of
stocks in elevators, increased receipts and
free selling On every bulge is beginning to
tell on the better prices that have been
had for the past week, and
gradual decline seems to have set in which
promises to land values at the bottom
again ere long. The bears claim OUR mar
kets are relatively higher than in any of
the other markets. and must find their
level. The close of navigation, it is said,
will help lower prices temporarily.
In the wheat pit there was an active
business, but prices were generally lower,
and at the close December was 5sc lower
than at o'clock yesterday, January about
20 lower and May 5sc lower. At the open
ing the market showed little strength
and. the first sales were at a trifing
advance, but there was an unusual pres
sure to sell, under which feeling of weak
ness Immediately sprung up. Vessels
were engaged to carry $4,000 bushels. On
call wheat was offered rather freely, and
the deferred deliveries we're about 18@Ic
lower. Trading was principally in the
January and May options.
fosr I,14 nd
lower, November closing about 3sc less
than at 1 O'Clock yesterday, December 1sc
lower, the year 10 lower, January 10
lower and May 3sc lower. The market
opened at very nearly the closing figures
of yesterday, but as wheat began to break
corn followed, with very free sellers, and
November fell off 10, December 5sc, year
| 10 and May 3sc, afterwards rallied
trife, again weakening some, and at the
close the feeling was rather easy. Vessels
were chartered to carry $4,000 bushels. On
call the market was only moderately active
and prices ruled steady. Trading was
principally in May.
Oats were quiet. The receipts were
smaller. This made sample lots
more scarce, and there being a
good demand, they were firm.
On the speculative market steady feel
| ing prevailed. Oats in store were sold
strongly, and there was enough demand
from shorts to take the few cars offered
Prices were not materially changed. On
call the market was quiet and prices steady.
Trading wes principally in May.
Rye was dull. At the same time prices
did not change much. Arrivals were small
| and the demand and offerings all round
rather restricted. An easy feeling was no.
ticeable. On call ths market was quiet
| and prices we're easter, trading being prin-
cipally in May.
In barley quiet market was nsted and
while there is fair call for the cash, still
speculation has been light in all the fall
markets and this has kept rates for the
cash low. No. 2 was in better request, but
nearly the entire daily arrivals are going
to the sample market and bringing better
than could be obtained in store for the
plump end bright grain to slow for the
poor and dark.
Flour continues slow and sales we're light.
Still all the better grades and qualities were
| in light stocks and held firm and there
| is some disposition to advance prices for
| the finer Minnesota. The call is mainly
| from the home trade, although shippers
and exporters were looking about and
making better bids. Rye -four was quiet.
Buekwheat -four was not selling at all.
Bran and all millstufs in light supply and
| ready demand at firm prices.
In the aggregate quite liberal business
was transacted in the market for hog pro-
ducts. The circumstances surrounding
ceipts Of hogs were unusually heavy and
prices lever, which had little effect in
reducing the product prices. Foreign re-
ports were lses favorable to holders, and
quotations were reduced one shilling on
pork and three pence on lard. Eastern
markets were inclined to quietness and
prices favored buyers. The market in a
general way was unsettled and nervous,
but product for immediate delivery COM
handed about former figures. The
receipts of product were fair, and
the shipments not quite Sc large as during
the preceding days of the week.
Trading was moderately active in the
market for mess pork, but the feeling was
somewhat unsettled and prices huctzated
considerably and on the whola range de-
clined 2o630c and closed comparatively
steady at inside figures. The offerings
were rather free and the inquiry fairly &C
tive. The longer deliveries attracted the
nsst attention. Shipping inquiry mod
crate. On call, pork was in fair demand
and prices without material change. Trad
ing was principally in the January op-
tions.
The offerings of lard we're rather free
and the inquiry was quite active. Trading
in the aggregate was liberal, but the feel
ing was rather unsettled and weak during
the greater portion of the session and
prices rsceded log 15c per 100 pounds and
closed steady at inside figures. The ship
ping demand was fair, including
a few export orders. On call
! the offerings were moderate and prices
rzIed Iower Trading uaz rYineipallv in