Daily globe., 1883-08-07
JR SPECIAL LONDON CABLES.
CHICAGO.
Especial Telegram to the Globe.


ing prevailed. Wheat was easier and about
&c lower. Corn lost &c, but was some
what irm. Oats were quiet and 1fc lower,
while pork receded 3715c per barrel and
lard fell CT 15c per 100 pounds. The fine
Weaiher, the favorable crop reports, the
easVern failures, the present telegraph
troubles and the absence of European quo
tations, ard owing to holiday-these ali
caused an easier feeling and the bears
were generally IL possession of the market
all day. The favorable outlook for all
cereals tends to 6epress prices, and fur
ther decline may be looked for before any
permanent advance is likely to be estab-
lishe6
On change today & quiet feeling pre-
vailed in regular or No. wheat, and dur
ing most of the session the fluctuations
were 50 slight as to scarcely attract any
attention from operators. The feeling
was weaker, and prices reached a
point about &c lower than the
closing figures on 'change Saturday, and
then ruled to tolerably steady most of the
session. The decline was attributed to
ceipts. especially of. f.winter wheat. Aggre-
gate receipts of spring and winter to-day
we're 80 car loads against 105 car loads
Saturday.
The absence of foreign advices, owing
to the holiday, also made business more
quiet.
But few outside orders we're received,
and what little business was done was
mainly,o of a local character. The market
closed "a 58c lower than Saturday. Most
of the trading centered in the October op-
ton, and even in this future only light
business was transacted, Year wheat was
quiet and about Is C under August.
The market was almost stagnant at one
time during the session, and outside spec
ulation was greatly curtailed.
The market fuctuated about &c,
but September closed 1c lower, October
&c lover, while august receded 35c. There
were larger recei pts both here in the winter
wheat points. A prominent firm sold a
round lot of September wheat early, but it
was taken without the market being affect
ed as much as expected. Cash wheat was
rather strong, and there was a further mar
rowing OF the September premium. While
the trade IS generally bearish there is no
great pressure to sell, and local shorts cov-
or at very small declines. A continuation
of the present fine weather to secure the
harvest in good condition will prevent an
Immediate advance. There was some in
quiry for winter wheat, but prices ruled a
trife easier,
In -four nothing whatever was doing land
the feeling in the trade was quite a dull
one, with home buyers hardly looking at
samples, and outside orders have been
Withdrawn or limits reduced below fair
rate, and little but low grade stock
was going outside. Rye -four was slow,
Bran and all millstuf5 we're 1ull.
Corn was fairly active most of the day,
and though weak at the opening owing to
rumors of very heavy receipts, it after
wards improved when it was known that
the arrivals were not as heavy as expected,
and August advanced 75c from the lowest
point, September 58c and October &c,
then eased OFF some, changed slightly, and
at the close assteady. Car lots OF No. .
sold at 51@5115c, the outside for special
locations, closing at about 5115c. Reiec-
ted sold at 440 044l5c prices differing as to
location. The demand for cash was brisk
and fne charters we're heavy, aggregsting
375,C00 bushels. Receipts 1913 cars. re-
ports from the corn growing regions
are generally less hattering
the crop suffering from drouth and cold
weather. There was continued demand
for cash property, and August was also in
good request, bat the more deferred fu-
lures were only in moderate demand
Fluctuations were generally confined with.
in range of 558c. Cash closed &c higher
and quite firm, but an easier feeling is
expected tomorrow.
Oats were more quiet and easier. Prices
were auotable with little call for cash in
store, and the speculative market was slow
and few trades made for the day, at about
Mc below Saturday. No. cash was firm
at 273Ic for new to 2834c for old, but al
the cash was going to the sample market
and bringing more than could be had IL
store, and particularly for the white and
all the better cars.
Rye was more active, and for cash an
improvement was noted, while the longer
futures were called for at Saturdays prices
but held above. N. 2 cash closed at the
outside. Samples were going out slow.
In the provision market weak feeling
was exhibited. Trading opened trife
under Saturdays figures, and under large
offerings for future delivery, prices suffer
ed q sharp decline all around. During
the last hour Of the session there was {
slight improvement in the toue, but the
reaction witnessed was limited, and at tht
close of business the days actual decline
amounted to 371zc in pork, 25c on lard
and 30035c on ribs. Speculation wai
quite active, and owing to the break con
siderable interest was maintained in the
market throughout the day. Hogs wera II