Daily globe., 1883-08-13
THE BULLS BADLY DEMORALIZED
Oregon TranscOntinental and Northern
Pacific the Points Of Assault.
CHICAGO.
Especial Telegram to the Globe. ]

in the leading markets on change. Wheat,
pork, oats and provisions suffered de-
cline Trading was somewhat active and
prices decidedly unsettled. Flour was
more lively, and for the past few days
sales have been more liberal, and the tone
of the trade was steady one, with home
buyers looking after the better bakers and
family brands, and shippers and exporters
are buying more freely of the bakers and
lower grades. The quantity on sale is
light, and there is little of the new offered,
and not much of the old stock left on hand
and we will have quite close cleaning up
of stock. For winter wheat there was
good demand again to-day on shipping &C.
count and the feeling strong, with
prices quotably a shade higher.
Receipts smaller. Some speculative
future delivery light.
In the wheat pit the market was feature
less. Early in the session trade was active
and prices strong, selling up 10 over the
closing tgures yesterday, but there were
pretty heavy sellers at the advance, which
quickly caused weakness and prices fell
irregularly %c on September and q C on
October; afterwards changed slightly, and
at the close September was 4c lower than
at close yesterday and October unchanged.
There were rumors of more financial
troubles, which also tended to weaken the
market. The weather in England threat
ened rain, and foreign advices were favor
able, but it only seemed to steady the
market. Early in the session Adams
brokers bought in large line of short
wheat, under which the market held firm,
and when this support was withdrawn
offerings increased and prices
dropped Kent & Walker were sellers
and the former was reported
tS'have engaged freight for 10000 bush
els to New York. Vessel room was engaged
to carry 1,e0O bushels. September wheat
clost on the curb at $1.O34. In the corn
pr '',ere was some frmness early in the
dal but in the latter part there was
good deal of depression, August declining
15c from the highest point, September 5sc,
and October about 10, then fuctuated
slightly. At the close cash No. 2 was about
&c lower than yesterday, August &c low
er, September &c lower, and October 16c
lower.
Wacin favorable weather, weak markets
abroad, sympathy with the weakness il
wheat and the heavy break in provisions,
all contributed to depress the market for
corr. In addition there we're rumors of
more financial troubles, which helped the
bear feeling; Car lots of No. 2 sold at
5000. The receipts were smaller. Adams
brokers, shortly after the opening were free
buyers, but later the New York markets
showed so much weakness that the bears
depressed prices to SOC when Spruance
became free buyer which caused some
reaction, but the close was weak. Lester
also fed out corn pretty freely. Vessels
were chartered to carry east 125,O00 bush
els. Ne ; corn closed on the curb at 40 Tc
for September.
The market for oats was dull and an
easier tone was noticeable for the day,
with the c,,il for cash art.cularly light
and there we're more selling than buying
orders for al futures. No. 2 cash could
harGl, he sold at all with new No. 2 offered
at 26 C aud old No. 2 at 28c but the call
was particularly light and no quantity
could have been sold at this range. Sam
pies we're more plenty and while the better
and brighter samples were quite we'll there
wasIit.le call for the poor, and lower prices
accepted.
Rye W firm, with 1a@1c advance in
Tbaro moe 0ood sbip
and, although here were free receipts and
liberal offerinz-, cash rye met with ready
sale. Sample 10 : in fair request.
In barley the vas no speculative inter
est and an aia407 5atire absence of cash
demand. The IA ,rket was dull and neg
lectAd. A few s.-tes were made by sample.
but there was - ;.le demand that most
sanp pie lots had to be carried over. The
first samples of new timothy were offered
on sale day from Missouri, and, being
bright and little hulled, was held well
above present cash prices. liberal
movement is looked for soon, and fine
quality promised.
III the provision pit another bear day
was witnessed. The trading was active,
but the desire shown to sell was even more
urgent than on yesterday, aud the trade
was kept we'll supplied with all descrip-
tlons of property. There was
no particular excitement, but
the feeling was nervous and from the open
ing to the close there was a general want
of confidence. Hence, as might be expect
ed. the course of prices was downward,
and pork, lard aud short ribs closed ma
terially lower than on yesterday. In the
specula i've trading October was the lead
ing 0. on, though year and January pork
and ID sold with more freedom. Cash
ptv, rty, considering he depression, was
in = .od .'emand, and sold quite freely.
Liverpool reports indicated an easier
feenn., and eastern markets were easier.
There vas a good inquiry for shipment,