Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-08-14
CHICAGO.
Especial Telegram to the Globe. |


CHICAGO, Aug. 13.-There was decided
ly unsettled feeling pervading all the lead
ing markets to-day, which were active and
lower. Wheat declined about 115o, corn
and oats were 12c lower, while provisions
suffered depression amounting to SOC on
pork and 15c on lard. Vessels were taken
to carry 10000 bushels of wheat, 41S,OOO
bushels of corn and 10000 bushels of rye.
In flour there was less doing, and the mar-
ket ruled more quiet. Local jobbers Sc
lected number of lots of choice spring
and winters, chiefly the latter, but export
ers made but small purchases. However,
some traders for export are yielding and
possibly trading Will be larger tomorrow.
Ocean and railroad frelghts are reported
tirmer on -four, which partially interfered
with the export movement. For winter
wheat there was fair de-
mand, decline of 1@115c FER
bushel, due partially to the weakness in
the other markets. Receipts larger.
In the wheat pit trading was fairly
active, but prices were weak and lower,
September closing 1870 lower than
Saturday, and October 1880 lower. The
first sales were at very nearly the closing
figures of Saturday, but weakened almost
immediately on the opening, and through
out the session there was a weak feeling,
prices falling irregularly 1870 on Septem-
Der and IL on October, improved some,
thea luotuated and closed weak. The
Iuaalrrnc u,ac a4Lrih1tod 10 he
feeling caused by the recent financial
troubles, and increased by the stock panic
reported in New York to-day. The weak
ness in provisions and in corn also had a
depressing influence. Holders were free sell
lers. Owing to the multitude of disc uieting
rumors in commercial circles and although
the surrounding Of the wheat market favor
strength even at present prices, yet it can
not Withstand the unsettling of confidence,
and it seems highly probable lower prices
will prevail. The favorable crop reports
and increased receipts counterbalanced
the better feeling in foreign markets, and
the shipments, which were the largest of
any day this year. A large number of Or
ders to sell were received from the country.
On change the market closed quiet and
on the curb later in the afternoon wheat
closed at $1.02114 for September, iS1.O4I
for October.
In the corn pit a good speculative and
fair shipping business was transacted at
lower prices. The receipts were liberal,
being reported at 751 cars against 518 cars
Saturday, which, together with
the weakness in provision
circles and other influences brought out
rather free sellers, and weaker feeling
resulted. The weather was cold aud for
eign reports quoted a strong feeling, but
did not appear to have any special effect
on the course Of the market, the former
influences rather outweighing the latter.
At the opening the market was temporar-
lily shade higher, ruling about @Lc
better, but later declined 15@58c per
bushel, 1uctuated and finally closed about
I@ac lower than Saturday. The market
is somewhat stagnart and closed at the
lowest point of the session. The bears did
not fail to embrace their opportunity to
pound prices, and no great reaction is
AOO0O0 AOA oN SAN0ShO' 1hO OCPbSuD6T
option closed on the curb at 1880.
Cash oats in store were very quiet.
Most consignments were offered by sample
and the instore offerings were light. De-
mand also light.
Large arrivals and depressed specnIa-
tive market caused decline for cash both
in store and on track. Out of receipts of
1872 cars, 179 cars comprised new oats, and
of this amount 125 cars graded No. and
better. Light sales of new No. 2 in store
we're made at 24@1c lower. Old oats
nominal. The principal cash trading was
by sample, and prices were governed alto
gether by the quality of the offerings.
Rye and barley we're dull and lower.
In the provision pit considerable activi-
ty was noticeable in hog products, but the
market was greatly unsettled and prices
ruled with considerable irregularity, and
on the whole range averaged lower on all
the principal articles. The receipts of
hogs were fair and prices lower, and the
reports from Liverpool indicated a
/ reduction of Cd in lard and bacon. This