Daily globe., 1883-08-08
A BOOM FELT ALI ALONG THE LINE
Stronger Markets for Wheat, Oats
and Rye All Day Long.
PROVISIONS IN BETTER REQUEST
The Hammering Of the Bears Keeps
Stocks at a Low Range.
CHICAGO.
Especial Telegram to the GIoh..

CHICAGO, Aug. The feature of the
market to-day was the sharp advance in
corn. clique of wealthy New Workers
manipulating the market with success.
and seem to have facilities of placing the
cash property. On change corn was more
active to-day and a decidedly stronger
feeling was developed. The receipts con-
tinue liberal, but shipments are large.
Numerous buying orders were on the mar
ket, and the shorts becoming alarmed at
the frmness of the market began to cover
freely, and the advance was quite rapid at
times. Cash corn was actively called for,
evidently for shipment. Prices were held
12@34c over the figures for August deliv-
cry, and at times fully &c above prices
paid for September. This large
premium for the cash offerings naturally
made the short interest uneasy about out
standing contracts. Foreign advices were
also indicative of stronger feeling, and
New York was higher, while the demand
was active. The offerings at times were
slight. The market opened al about the
closing figures of yesterday, rallied with
but slight fluctuations for August and for
September and closed within about 1870
1880 of the outside prices reached. Char
ters were made for 367, 900 bushels. Lied
blom says he believes corn too high, and
does lot advise buying, but he adds, it
must be also remembered that the crop is
not gathered and there is plenty of time
for unfavorable weather to cut down the
- j. p
said: The strength in New York and con-
tinued demand bere by shippers served
to hold the cash and August options very
strong. This in turn effected the latter
months and forced good many shorts
ashore. 1t the shipping demand continues
large receipts will not have very depres-
sing effect on the market, and the bears
will find it rather up hill work to force
lower prices. However, if by the 11th of
this month (the last day corn can leave
here to arrive in New York; the demand
for cash should drop off it is proba-
BILE we will have reaction down
Chicago elevators contain 1,746,1O5
bushels; Milwaukee 59,631 bushels
New York and Brooklyn, 1,526,O59 bushels.
The visible supply of corn in the United
States and Canada on July %, was 10,521,-
728 bushels.
10 the wheat pet trading was little
more active, and most of the business
transactions in the early portion of the
session. Some outside orders were re-
ceived, and when they were executed the
market settled into more quiet condition.
The feeling developed was trife easier
at the opening, Influenced evidently by
fine weather, but later, under good spec
ulative demand, Influenced probably by
the advancing tendency of corn,
stronger feeling was devel-
oped, and prices advanced %@-
1c above opening figures. Later ruled
more quiet, prices easing off about 115c,
f1uctuated and finally closed about "a 58c
higher than the closing figures on change
yesterday. The receipts were smaller, ag-
gregating Ill cars of spring and winter
against $50 car loads inspected in store
yesterday. Foreign advices quoted wheat
firm.
There was frmer feeling developed in
oats, and good business was transacted.
Trading mostly in futures, though good
demand existed for cash IN store, but light
offerings, most of the consignments being
sold on the sample market. Receipts
smaller and prices higher. New No. 2
sold at about &c higher than
yesterday, and closed at 2S28c; old No. .
at 29c. Sample lots in good demand,
especially OF old cats.
Flour remains dull and without quot
able change in prices. A few lots of low
grades we're picked up for shipment, but
the entire days trading Was on very
limited scale. Local jobbers made scarce
ly any purchases, and shippers were hold
ing off
Rye ruled very strong, and prices were
15@ 1c higher. Demand active on specu-
lative account, and good shipping inquiry
also prevailed. No. 2 cash closed at SOC
bid. Rye in store nominal. Sales were
effected entirely on the sample market.
In barley there was nothing doing for
in store lots,and prices were entirely nom
inal. The receipts continue small, and
there are but few sample lots selling. A
sale of new barley by sample equal to No.
3 sold at sic free on board cars, and this is
the first transaction for number of days
No. 3 September was offered a few days
ago at 74c, but this is an entirely nominal
quotation.
A fair speculative business was reported
in the market for hog products,
and the shipping demand was
moderate. The receipts of hogs were
smaller than generally anticipated, and
this tended to a steadier market for pro-
ducts, notwithstanding the former were
selling al lower prices. Lower adyices
were favorable to holders, and bacon was
quoted &c lower, while the eastern N arket
showed no particular strength nor encour-
agement to buyers. The receipts of pro-
ducts were moderate, while the shipments
were heavy, and indicated that considera
BILE product deliverable on August contract
is being forwarded to distributing mar
kets. The market opened frmer and
prices slightly higher than the closing fig
ures of yesterday, and during the early
part OF the day a substantial advance was