Daily globe., 1883-08-11
An Important Inquiry for Flour for
Export to Europe.
PROVISIONS A TRIFLE UNSETTLED
A Strong Bear Movement in Stocks on
Wall Street.
CHICAGO.
Especial Telegram to the Globe. [


improved home and outside inquiry, and
it looks as though there was going to be
some reaction from the depression that
has ruled so long. The home jobbers have
quite light stocks, and are looking about
to replenish, while shipping and export
orders are more liberal, and there is a good
call for the low grades and good bakers
breads. In winter wheat the receipts were
larger, but the demand was very good and
the competition among buyers caused
strong feeling and prices ruled 1c higher.
The demand was chiefly for shipment,
though some speculative demand also ex-
listed.
In the wheat pit regular No.
2 spring was fairly active, and the
feeling considerably unsettled. Foreign
advices were of favorable tenor, quoting
strong feeling and higher prices, which
caused sharp demand early in the day.
The market opened 3-5@15c higher and
advanced, with some fuctuation, an addi-
tionaI 4@15c. Later, however, influenced
by larger receipts of both spring and
winter wheat, the aggregate receipts being
130 cars against 81 cars yesterday, the
market ruled easier. Sellers became more
numerous, and the additional news that
two brokers in Indianapolis had not opened
their doors this morning brought out free
offerings, and prices declined I@ 70 per
bushei from the outside range. The
weather in the west was also reported fine.
The market finally rallied again and
closed about 5000 higher than the
closing figures yesterday. Prices were
also stimulated by an advance of 1Sc in
New York, but the early buying was either
by shorts or brokers and outside operators
who went in for a scalp, and when the first
demand was filled bidding became slow,
outside orders for round lots were scarce.
When prices took down turn the bulls
met the hammering of the bears with
strong resistance. Wheat closed on the
board steady. On the curb at $1.O411S for
September, and $105B for October. YES
sells were chartered at Chicago to convey
179,00Y bushels, and at New York for 500,-
900 bushels.
In the corn pit the market was quiet,
large aggregate business was transacted
taking the market on the whole. Shippers
bought fairly, with trading chiefly spec
ulative. The feeling was somewhat easier
and prizes ruled lower all aound. Warmer
weather and larger receipts, together with
the weakness in the provision market,
bank troubles III Indiana and a large de-
cline in the New York market bringing
out rather free offerings. The market
opened shade lower and then rallied d
@hc, but later under large offerings,
prices fell of 73c for August and &c for
September and October below early out
side prices, fiuctuated and finally closed
about 1c lower for cash, 1sc lower for
September, and ic lower for October,
than the closing yesterday, while the more
deferred futures declined but slightly.
Dows was rather free seller of Septem-
Der corn, which influenced the local tailers
to let go their holdings. The inspection
showed an equivalent of SIS cars against
612 yesterday. The closing on change was
unsteady; and the curb September corn
closed at 5014c. At Chicago vessels were
taken to carry 10000 bushels, and at New
York for 100000 bushels.
Oats were quite strong, declining for the
early part of the day, and there was quite
rush to sell all futures, resulting in a
break of &c for August and 38c for the
year delivery, to only a slight recovery.
Other crops were lower, and the fine crop
prospects was giving this depression. No.
2 was very dull for new. There were in
creased receipts and limited demand both
for shipping and speculative demand.
closing heavy.
Trading was quite brisk in the market
for hog products to-day, but the feeling
was greatly ansettled and prices irregular.
and on the whole range decidedly lower
The surroundings of the trade were gen
orally unfavorable to holders and buyers
while the offerings for future delivery were
materially increased. The receipts
of hogs were somewhat larger
and prices lower, and the
telegraphic acvices from both foreign and
domestic markets showed an easy feeling
and in some cases lower prices were quoted
In addition to this, the reported financial
trouble in Indianapolis assisted in weaken
ing the market, and tended to increase the
call for margins and also to enlarge the
offerings to some extent on behalf of out
side parties. The shipping demand wa:
moderate, for orders chiefly for limited
quantities. The receipts of products were
not very large, while the shipments were
quite liberal of pork and meats, and rather
light of lard. The market opened com
paratively steady about the closing figures
of yesterday, but soon weakened and prices
declined quite rapidly, with few fuctua
tions to the inside range. Toward th'
close the feeling was steadier, trading mod
crate and prices exhibited a slight improve
ment for while; in the provision pi
there were appearances of panic
but values are too near hard pan to b.
hammered much longer, The demand fo
mess pork was quite active, especiall.
from shorts, and the offerings were quit
liberal. Trading was quite brisk during
the early part of the session. At th
opening the market exhibited "a fair de