Daily globe., 1883-08-01
CEREALS LOSE A SMALL FRACTION
An Attempt to Break Pork Fails for
Want Of Support.
THE DAY ON WALL STREET DILL
Prices Remain Firm with Fractional
Advances in Some Cases.
CHICAGO.
Especial Telegram to the GIobeI

terlally differed from yesterday On 'change
A steady, quiet business was done, with
no excitement whatever, and no features
of interest. What unirnportant changes
IN values occurred were again downward.
In wheat the movement was unusually
steady. In trading a good degree of
strength was manifested and prices held
through the session within a small range.
fluctuations experienced in fact, were con-
lined to q @ &c. The business transacted
was quite moderate. Noincrease to speak
of was reported in the number of out
side orders received and the trading wit
messed was largely on local account with
September, the favorite future. October
however, attracted more than usual atten-
tion, and was relatively stronger than the
nearer deliveries. The days closings all
rround were 1894c lower than yester-
days prices.
Corn averaged easier than on yesterday.
Large receipts affected general trade un-
favorably, and for both cash and future
delivery prices favored buyers, though at
the close of the session the futures were
only Is @ &c under yesterdays last figures.
Cash was again wanted for shipme ,and at
the ruling prices receivers were favoredwith
a reasonably active market. Speculation,
however, was only moderately active, and
mainly on local account. The number of
outside speculative orders received was
com paratively limited. September was
the leading future traded in. Cash corn
was q PIC lower. No. sold for cash de-
livery at 5O15@504c. Irving, Orr g. Co.
threw large line of September on the
market, and had it not been for Lamson &
Eldridge taking the greater part of it, Sc
we're break would probably have resulted. As
it Is the close Is weak with a downward
tendency.
The oats market turned the month withy
out excitement. The speculative market
was very dull. There was a decline in
prices for all deliveries, with the reduction
for cash and July the most severe. From
all indications outstanding contracts were
provided for. Cash No. 2 were Il to 1115c
lower. Sales were made at 27I to 28c for
old and at 27l lc for new. No. white oats
nominal Noae of account offered. The
receipts were light and offerings by sample
only moderate. Choice old oats were
tolerably steady, but new were dull and
easy. Early in the session there was con-
siderable speculative trading, but the
market subsequently became very quiet.
July was weak and lower, declined &c, re-
acted &c and closed 134c lower than yes
terday. The deferred futures ranged Il to
&c lower, but this decline was generally
recovered and in some instances the
market closed slightly better.
Rye was quiet. The demand and offer
ings were only moderate, and prices were
nominally unchanged.
Barley was quiet and rather neglected.
No. September sold at 76c for No. 8. No
market has yet been established.
A fair business was transacted in the
market for hog products to-day, but the
feeling was somewhat unsettled, and
prices fuctuated considerably within
moderate range. The large receipts of
hogs and the lower prices therefor, and
the heavy failures in other branches of
trade in the east tended to weaker feel
ing early in the day, and the offerings
were free, accompanied with a material
reduction in prices for the leading de-
scriptions. During the latter part of the
session more steadiness prevailed, and the
changes in prices were slight. The ship
ping inquiry was only fair. Foreign ad-
vices indicated a weaker feel
ing in lard, and prices were reduced
&c, but bacon was reported stronger and
quotations advanced Is. The eastern
markets were reported rather quiet and.
prices favored buyers. The receipts of
products were not very large while the
shipments of all kinds were quite liberal.
A good speculative business was transact
ed in the market for mess pork, but prices
ruled with considerable irregularity. The
offerings we're free early and the market
opened weak at log @12115c decline on yes
terday's closing figures, which was follow
ed by further reduction of 20@25c
During the latter part of session a, slight
advantage was gained temporarily, but
the market closed rather tame. Shipping
demand moderate in the way of filling
orders for small lots. Cash rather quiet
and quality at $13.5oG13.6215 according
to quantity. At the opening Nc
Keary was seen quietly filling up
any buyer of pork that could be
reached without confusion, probably for
Armour, which was the straw precipitating
the break. Eldridge's people also did their
best to break prices, while the other traders
were merely looking on.
The inquiry for lard was moderately &C
tive and the offerings fair. Prices ruled
somewhat irregular within a moderate
range, opening 561oc lower per 100
pounds, and declining 591oc additional,
and closing comparatively steady at the
reduction. Shipping demand rather light.
Cash quiet and quotable at $S.60@8.65.
Some 21,O0O hogs wee received sstodaay,
and could not bring within 5@10c of as
much as yesterday.
Chicago elevators as per official returns
contain 5,669,954 bushels of wheat, 1,777,-
113 bushels of corn, 637, 800 bushels oats,