Daily globe., 1883-07-10

and even at the top there was some reluc-
tance about selling large quantities, but
when the markets gave way the foundation
was completely knocked from under corn
at one blow. There were some strong buy
ers to-day and it will take still lower fig
ures to shake the present holders out. The
bulls predict higher values tomorrow.
Only 419 cars arrived to-day.
Oats were dull and weak. There was
decline in prices for all future deliveries
of No. 2. A marked falling off was no.
ticed in the speculative demand, and the
market was further depressed by the down
ward tendency of prices for other
commodities. The decline amounted to
5000 cash and the near futures sus-
tanning the greatest reduction. No. 2
cash sold early at $500, but at the close
was dull at 35c. There was fair shipping
demand for No. 2 white and for sample
lots. Most of the business in these was
done at steady prices, for orders were
mostly executed early in the session before
the speculative market had declined to
any great extent. Late in the session the
feeling was weak and dull generally, ter
minating finally in quite a panicky mar
ket. The market closed at about inside
prices and as compared with Saturdays
closing the following exhibit is made ::
July sold PC lower: August declined 1 16c:
September broke &c, and year shows %c
decline. On the call there was more
steadiness and shade higher range of
values. There were 135 cars received.
Rye was dull and quiet. closing Il %c
lower.
The market for hog products was quite
active to-day in general way, but an un-
settled and weak feeling prevailed during
the greater portion of the day, and ma
terial reduction in prices was submitted to.
The weakness was attributed to the large
receipts and lower prices for hogs, the
dread, not the prevalence of yellow fever
IN the South, and the unfavorabIe reports
from all depending markets. The offer
ings for future delivery were quite free,
and the demand fairly active, but mainly
for shorts. The shipping demand was
light for most descriptions. Foreign ad-
vices were unfavorable to holders, and an
other decline of Sd in bacon was reported.
Eastern markets were easier. The re-
ceipts of product were fair, and the ship
ments of all kinds quite liberal. The de-
cline was in the face of large buying Or
ders from eastern shorts, which were on
the market from the start. Over 10000
packages were bought by these
firms in almost the first hour. Mess pork
was worst affected by the scare and reg
ular panic prevailed among holders who
sold regardless of price. An even dollar
was lost from Saturdays prices. Septem-
Der opened at $15.05 or 35c under Satur-
days closing sales, fell to $14.371S, being
decline of $6.25 from the highest price
reached on the boom in May. At the close
sc better was paid.
The offerings of lard were moderately
free, and the inquiry fairly active. Prices
ruled weak during the greater portion OF
the day, opening 10@15c lower per 1OC
pounds and declining with frequent slight
fluctuations 100 15c additional and clos
ing rather tame at the inside figures OF
the day. Shipping demand fair in a quiet
way. The feeling on call was steadier and
PIC better was offered.
All seem to agree tonight that provis.
ions are scraping bottom, and a man
would be Insane to sell short now. This
is undoubtedly low day and unless some
unexpected and unfortuitous happening
occurs provisions will henceforth be on
a healthier basis.