Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-24
In CONTRUL III THEBEARS.
The Chicago Grain Markets Being De-
pressed and Wavering.
WHEAT LOSES .M0RE THAN A CENT.
Corn Somewhat Stronger, Though
Lacking Good Support.
PROVISIONS A TRIFLE EASIER.
A General Want Of Confidence in
Stocks On Wall Street.
WHEAT LOSES .aORE THAN "A CENT.
'ROVISIONS A TRIFLE EASIER.
CHICAGO.
Especial Telegram to the Globel

| Especial Telegram to the Globe
CHICAGO, July 23.-Business is still
greatly interfered with by the strike of the
telegraph operators, but trading to-day
was on a somewhat larger scale than on
Friday or Saturday. An increased num-
Der of dispatches were received, but mes
sages are still received subject to delay.
It is stated that the Postal Telegraph COM
pany will open an Office on the floor of the
board to- morrow, and this will relieve the
pressure to some extent. At the opening
prices were higher. but later, Influenced
by good crop reports and the difficulty of
communication with other markets and
correspondents in the interior, la weaker
feeling ensued and considerable decline
was submitted to. The business, of course,
was manly of a scalping order. The re-
ceipts of grain to day were So cars of
wheat, of which Is were of new winter,
575 cars and 1890 bushels of corn, and
40 cars and $500 bushels of oats. The
shipments were $4,000 bushels of wheat,
$4,000 bushels of corn, $4,000 bushels of
oats, and 10000 bushels of barley; the
vessel charters 10000 bushels of wheat,
SO, 600 bushels of corn, and $4,000 bushels
of oats.
The wheat market was inclined toward
strength early, Influenced by higher cables
and the better tone of foreign markets, but
prices here only responded in part, as the
longs were free sellers and faced business
all day, selling large lines, notwithBtand-
ing the bad weather and reports of violent
storms throughout the West since Satur-
day. Under this big selling prices, which
had opened at full Saturdays figures, de-
clined 11s@14c from the highest point
reached, July closing at $1,000, fully lie
under Saturday, and other futures Ike
lower than then. The order business was
very light. There was a quiet business
most of the time, yet the trade showed
more life than at any time since the strike
occurred. It is raining tonight, and many
dealers think wheat low enough with the
present unsettled weather.
The -four market continues IN a most
unsatisfactory condition, and trading has
been of the ightest character possible,
with no immediate prospect for any i'm
provement. There was fair call for
fine family brands for winters and springs,
and with the patent grades preferred, but
with outside orders light, and hardly any
was going out on export account other
than low grades, with parties looking
about and making bids for shipping stock,
but finding scarcity of desirable grades
or having so wide a difference in prices
| that their bids were not accepted. Millers
| throughout the west are doing next to
| losers on the seasons business in not
| being able to sell on home markets and in
/ sending the stock forward have found poor
markets in Europe and heavy shrinkage
! from the cost of manufacture, and these
millers are quite Respondent and are slow
to operate LOW in seeing no good in the
manufacture, and are not making hardly
one-fourth their full capacity and are sell
of wheat rather than grinding it into -four
Corn opened firm, but the bears offering
large quantities the far futures suffered a
considerable decline although strenuous
were made to force prices under SOC for
September. Theyproved unsuccessful and
the close to-nightis a triie steadier at
sole. The shippers were free buyers of
cash corn, and although they were unable
to make many charters owing to lack of
freight room, they continued buying up
to the close. Receipts were not as large
as expected by the bears, but they are pos
tive of an increase shortly. Receivers
differ so wide, On this that it Is impossi-
ble to give any Intelligent opinion, but a
majority think not much increase will be
seen. No . com ruled above the option
to-day for the FIRST tine, probably caused
in part by most of the receipts inspecting
low grades. The volume OF business
transacted was not large, and as in wheat
was largely on local account. The near