Daily globe., 1883-08-19

1ac, rallied trife and c'osed 4@$sc
lower than yesterday. Wint sr wheat was
in good demand and prices 10 under what
was paid yesterday.
Hardly anything was doing in flour.
Stocks are light and little offered to arrive.
Millers have advanced their asking prices
to point that has compelled withdrawal
of buyers from the market. The finer
family and brokers' brands are quoted
firm and in demand by home dealers.
Corn, although opening and ruling weak,
closed firm at the closing point
of the day. There was a
moderate demand for cash from shippers,
but largely to complete cargoes, while the
The feeling was steady, but prices averag-
ed shade lower than yesterday. Foreign
advices quoted corn firm, but warmer
weather in the west, together with larger
receipts and falling off in the demand,
caused shrinkage in prices, which ruled
4@3Sc lower, near the close rallied and
advanced about 20, closing 1s@ 4c higher
than yesterday. No. met with moder-
ate demand and closed at about 5O15c.
High mixed in moderate request and 1c
lower. Rejected in fair demand, ruling
h@Ac lower.
Oats were dull and quiet, with speculat-
i've trading light and shipping orders only
moderate. The arrivals were large, and
the cash offerings, mostly by sample, were
quite heavy. Offerings for future account
were also quite fair. The feeling on the
regular market was easy, and there was a
slight decline. Sample lots were about 1c
lower. Buyers are discriminating more
between oats that are soft and sweating
and those that are dry, and the difference
in prices is widening.
There were quite free offerings of rye for
future delivery on country account. This
caused weaker feeling and 1@113c de-
cline in prices. The arrivals continued
liberal, but the shipping demand holds
very good.
There is not much of cash mark ct fo1
barley yet. 1t is too early for mailing
and there is no special demand. The ar.
rivals are as yet small. The speculative
market to-day was firm and trife better
There was very little change to note il
the volume of trading in the market fol
hog products, the aggregate business in al
departments being light. Local operators
were not inclined to do much trading.
Packing grades of hogs were held Will
considerable steadiness, foreign markets
for product were unchanged, and th'
changes in the eastern markets were slight
The shipping inquiry was fairly active
but buyers were few and the sh1pment
of all kinds quite liberal ant
, widely distributed. An easier feeling pre-
, vailed during the early part of the day
and slightly reduced prices we're submitte,
to, but during the latter part of the session
the feeling was steadier and prices wer
= slightly improved. The demand for mes
! pork was moderate, and the offerings nc
a very large. Prices ruled somewhat irree
3 ular within range of 15@20c, and fnall
S closed at about the outside figures of tn
!. day, and showing slight advance on thos
quiet way to provide for small orders.
/ The lard market attracted attention an
J. trading was moderate. ''Shorts
g were somewhat anxious to purchas
) and as the offerings wei
IL light, frmer feeling prevailed, accon
# panied with an advance of 1O@2Oc per II
It pounds for the near deliveries, while IL
more distant futures were lower. II
shipping inquiry was fair. Product of g
kinds is now selling at much lower pric
than was believed to be possible a sho
time ago.
u. Since the collapse of the McGeoch la
5. corner, which took place about the midd
:. of last June, decline averaging fully
al per cent. of the values then prevailing h
es occurred. A shrinkage of this magnitu
ut within sixty days is something seldom
o. never experienced in any line of busine
Is, except in panicky times, when proper
lis values are thoroughly unsettled and
er many cases nominal. In product pric,
90 as events have shown, were unquestionat
81 largely inflated at the time of the NJ
nd Geoch trouble, but the extent of the i
1d fiation was neither known nor appreciate
nd The product on hand was manufactur
from high priced hogs, which were fatten
et with high priced corn. The situation N
les led even the best Informed in the tra
a while the extent of the imitation as in
as Gated by the break, has been a compl
ye. surprise. When the McGeoch failure v
dy announced decline was universally
,ts pected, but no one looked for shrinke
It. of 33 per cent. The decline has exceed
a all expectations, and as prices are s
de bearish in their tendency, there is 10 C
q tainty the bottom has yet been toucl