Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-10
MARTS OF TRADE.
Considerable Activity and Lower Prices
on the Chicago Board.
WHEAT RECEDES A FRACTION.
Corn and Oats also Weak and Lower
To-day.
PROVISIONS OFF COLOR SOMEWHAT
The New York Stock Market Showing
Signs OF Improvement.
WHEAT RECEDES A FRACTION.
PROVISIONS OFF COLOR SOMEWHAT
CHICAGO.
Especial Telegram to the Globe. |


CHICAGO, June 9.-One of the most
prominent bulls said to-day the official es-
Inmates for Illinois place the wheat yield
at 100000 bushels against 100000
last year, and the total shortage at 1885,
100000. This, together with bad weather,
ought to have put prices up,but influences
stronger than these prevailed, and 1t would
not surprise Us if outsiders would be forced
to sell out. We have never seen so many
local bulls selling short for the historical
June break. We are not smart enough to
follow all the turns in the market, but
cling only to the belief that we will see
$1.25 ere long, even though it breaks now.
He closed as follows: Corn is weaker.
We can see nothing to bull it on. Receipts
are large and crop prospects good. Even
oats are weak under big receipts, and pro
visions are very slumpy. The -four mar
kat IS depressed and 1t has been impossi-
bic to do anything with fairness for some
days, with changeabIe grain markets
against any fair buying in -four, and a
dull tone was noticeable for ali grades.
The finer family and bakers brands are
steady, but the shipping and lower grades
duh, and it is said would shade to sell. Rye
-four slim.
To-day spring wheat opened rather firm,
but gradually weakened and closed at a
decline Of &c. No. declined 10; rejected
sold at 75c; No. red winter remained I'M
changed at about $I13; No. declined
about 1c, closing at $1.04. In regular No.
wheat there was more activity to-day,
and the opening was much stronger, the
feeling due mainly to unsettled rainy
weather, but there were heavy offerings at
the outset, and the market soon began
to weaken and fell irregularly about
&c from the opening, then fuctuated
within a narrow range, and at the close July
was about lie lower than it closed at
1 o'clock yesterday, August &c lower,
September 13c lower, October 38c lower,
and year 10 lower, November !about 10
over October.
Corn was active but decidedly lower,
day, July &c lower, August 38c lower, and
September 10 lower. At the opening
there was a stronger feeling, and the first
sales were at l4@1ac above the closing
figures at O'Clock yesterday, but greatly
weakened under very general pressure to
sell, several heavy operators throwing large
amounts On the market, and June fell OFF
sc, rallied trife, fuctuated some and
closed easy.
Oats were higher just at the opening
but quickly changed about to dull and
heavy breaking market, and after once
started there was no check
until a decline of over 1c
per bushel had been allowed and little re-
covery for a closing. No. cash closed
dull at acc, No. . white sold at q wide
range from the Rock Island elevator, dis
eliminated against, with sales from 42@
1880 in some houses to 43@4314c early
for other houses. Samples were in big
supply and sold slow at lower range, and
much Of No. 2 and No. . white had to be
placed in store to obtain any kind of
sale.
Rye was more active and prices were
holding up to yesterdays closing at 621@c
for No. . cash and fairly for all samples,
while futures were traded in to heavier
extent.
In barley hardly a trade of any kind
could be brought out, and the feeling
il the market was one of particular dull
ness, with no price named in store or in the
May speculation, while in the sample mar
zet No. was about 43c and No. . slow at
ga 44c.
In provisions the market was quite sick,
a mutual shrinkage in values being estab-
lished, though early the feeling was strong
er. Offerings of leading articles for future
delivery were large, and receipts of hogs
greater than generally anticipated, and
the grain markets were weak and lower. In
fact, there was a general weakness in al
most everything, and the market closed
tame. Pork was active, but weak and de-
Ginning, though it opened strong and sold
higher sarly, but broke off 3O@40c from
top prices, and closed at a decline of
20@25c, with trading largely after July.
Cash and June dull at about 500 under
July. Option lard was weak and lower,
with a moderately active business done,
and closed at a decline of about Zoe on
q III du0 " LOU O1l lOA4SOL OJCiC1S' SCtSIl
and June PFC under the July option.
The provision trade has been quite IN
satisfactory throughout the last few weeks,
and the tendency of values has been in a
downward direction sThe consumptive de-
mand in the aggregate is not large, and
while glance at the table Of shipment
shows moderate outgo, the situation is
not as favorable as might be desired. For
several days the transactions have been
of a speculative character. and very
fair proportion of these were
on local account. Orders from outside
have not come in with any freedom, as
majority of the operators seem to be very
mixed as to the probable future course of
the market, and there are apparently
large number of Micawbers waiting for
something to turn up. Receipts of hogs
show falling off as compared with last
season, and those who are figuring the ar
rivals for the eight summer packing
months at not anything over last year do
not seem to have much to DISCOURAGE