Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-07
Chicago.
Especial Telegram to the Globel

sway To-Day and IN the board of trade q
lower range af values was effected on all
the leading speculative markets. Flour
was quiet and trading light; still a better
feeling was noticeable in trade and it is
said good quantity could be handled
were the stock here and ready for imme-
date delivery. The home trade we're buy
ing very little, but Canadian buyers were
looking about and picking up considera-
bic good bakers stock, and the expert
buyers were bidding firm prices and would
take considerable good to low grade were
it to be had. Rye -four slow.
Bran and all millstutfs were holding at
steady prices. Among the sales were 125
barrels double spring extras, 100 bags
Minnesota bakers at $4.75, Is barrels
Pittsburg straight on P. l., 100 sacks B at
$4.25.
Winter wheat was dull and lower. In
Spring wheat there was fairly active
business, bat prices were weak and lower.
November closed about II cents lower
than at o'clock yesterday, and December
about a cents lower. The cables re-
ported strong markets u abroad, but
the feeling among the local opera
tors was decidedly bearish, and with
very few buying orders to support the
market and general disposition to sell.
The market ruled weak, opening 1ac lower
than at O'Clock yesterday and fell Ac
more, then fuctuated slightly and closed
weak. Receipts were only rather moderate
and offerings rather liberal. We are going
into winter quarters with an immense
stock in store and there are no indications
whatever for the property. The tendency
is downward. November touched the low
est point to-day of the years crop. The
outlook is gloomy, and many strong op-
orators are selling short. Vessels were en-
gagged to carry 10000 bushels.
Corn was fairly active butilower, Octo-
Der closing about q lower than yester-
day, November about 11ac lower and year
about 10 lower. The first sales were OF
almost the closing figures of yesterday but
soon began to weaken in sympathy with
the weakness in wheatwhich induced haGyy
offerings and prices finally Sfell 15@IG
then Auctuated slightly and closed weak st
the decline. Receipts are too large for
am deal but still it may be inauguratad.
Everingham does not see a sufficient for
eign demand to justify any advance at
present and Kent sees no reason
to change from the bear side, but advises
customers not to follow the short side very
much lower.
Oats we're weak and quiet strongly de-
clining, and there were SO few buying
orders that there was little effort to cheek
the market on the down turn with the gen
eral depression in grain helping to more
free selling and lower range. Samples
were going out fairly; but at lower range
of prices.
Bye was dull and lower prices ruling,
with cash 10. per bushel off, and all fu-
lures were slim and shaded to sell. Sample
lots wore quite dull.
Barley continues greatly depressed. and
there is seemingly no change for any pres
ent recovery with heavy offerings of cass,
| AID for which there has been so little
call that it has been impossible
to move the stock. Best grades were being
placed in store, but the poorer stock was
selling on track at exceedingly low rates,
as the only way to work them off, and in
in spite of all that could be done there has
been steady piling up Of stock as unssla-
BILE. Samples were going ont slow, and
only the lowest prices could tempt buyers
| to take the poorer grades.
There was big break in provisions.
| There was but moderate business trans
acted, and prices were lower all round but
more especially on the October option.
Offerings of nearly. everything
| were quite liberal for futare delivery,
and while there was not the same degree
of weakness to-day as was the strength
yesterday the feeling was easy Throughout.
The receipts of hogs were good, and iber-
al supplies are anticipated the coming
week. The shipping demand for product
was fair.
Pork was active and the market weak,
the October option ceiling Of Gee below
the price current at the close of Change
yesterday, while November was 35c lower
and January 20@221ao lower. Offerings
of nearly all options were in excess of the
demand. Cash was quiet at full October
prices. An unsettled feeling prevailed,
and prices fHctuated considerably. The
shipping demand was moderate. Hutchin-
son bought line of January pork at
$11.221a. Warren sold 100000 pounds
of January ribs at 1915. At the close
Armour paid $500 for October ribs, which
was an extravagant price, as they had just
sold at 1918. Hogs were higher at the
close, with an estimate of $4,000 for Mon
day and 100000 for next week.
Lard was comparatively quiet and prices
were easier. The October option was sell
ing off Soc Fer 100 pounds below yester-
days closing figures, but reacted some
and closed at a decline of zoe. The larger
options were 71a@1Oc lower and rather
quiet. Cash was in fair demand by local
refners and was held firm at a small pre-
MUM over October. Hutchinson ham,
mered the market down 25c, and later on
turned and bid it up zoe. Arman q Hutch
inson are having plenty of fun, monkey
ing with the market, and there are those
bold enough to predict that one or the
other Of these great operators will be