Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-11
CHICAGO.
Especial Telegram to the Globe. |

prominent bulls said to-day the official es-
Inmates for Illinois place the wheat yield
at 100000 bushels against 100000
last year, and the total shortage at 49,
0o000o. This, together with bad weather,
ought TO have put prices up,but influences
stronger than these prevailed, and it would
not =urprise lis if outsiders would be forced
10 Ell out. We have never seen SO many
local bulls selling short for the historical
June break. We are not smart enough TO
follow ali the turns in the market. but
cling only TO the belief that We VIII see
81 ere long, even though ii breaks now.
He closed IS follows: Corn is weaker.
We can see nothing to bull II on. Receipts
a-e large and crop prospects good. Even
oatz aye weak under big recci pts, and pro
visions are very sIumpy. The -four mar
ket IS depressed, and It has been iEpozsi-
he u 10 anything with fairness Ter some
days with Changeable grain markets
against any fair buying in flour, and a
Gu., lone was noticeable for ali grades.
The foer family and bakers brands are
steady, but the shipping aud lower grades
dull, and it Is said would shade to sell. Rye
-four slim.
To-day spring wheat opened rather firm,
but gradually weakened and closed at a
decline of 15c. No. declined re; rejected
sold at 75c; Nc. red winter remained I'M
changed at about $1.13; No. declined
about 1c, closing at &1.04. In regular No.
wheat there was more activity to-day,
Lo {ho
feeling due mainly TO unsettled rainy
weather, but there were heavy offerings at
the outset, and the market soon began
30 weaken and fell irregularIy about
&c 3rom the opening, then fuctuated
wi.ain q narrow range, and at the close July
was about 1c lower than il closed at
1 o'clock yesterday, August sc lower,
September &c lower, October $5c lower,
ard -ear Sc lower, November about 70
ovsr October.
Corn was ectiye but decidedly lower,
June closing about SC less than yester-
dag, Jply 70 lower, August 25c lower, and
September 10 lower. At the opening
there was q stronger feeling, and the first
sales we're at l{@1Zc above the closing
figures at o'clock yesterday, but greatly
weakened under very general pressure to
sell, several heavy operators throwing large
amounts on the market, and June fell Off
&C. rallied trife, fuctuated some and
closed easy.
Gals were higher just at the opening
bat quickly changed about to- dull and
heavy breaking market, and after once
started there was 10 check
until decline of over &c
per busheI had been allowed and little re-
coyery for a closing. No. . cash closed |
dull at 40c, No. > white sold at wide |
range from the Rock Island elevator, dis
eliminated against, with sales from 429 |
4215c in some houses to 43G 1870 early |
for other houses. Samples were in big |
supply and sold slow at lower range, and
much of No. and No. 2 white had to be |
placed in store to obtain any kind of |
sale.
Rye was more active and prices were |
holding up to yesterdays closing at G219c |
for No. cash and fairly for all samples, |
while futures were traded in to heavier |
extent.
In barley hardly trade Of any kind
could be brought out, and the feeling |
in the market was one of particular dull |
ness, with no price named in store or in the |
MAY speculation, while in the sample mar
ket No. was about 43c and No. . slow at |
4204ic.
IN provisions the market was quite sick, |
= mutual shrinkage in values being estab-
S=-ta5 {lo---L oor1y, 4y,a Foal;,,c. ,ro e4-o,,~-
er. Offerings OF leading articles for future |
delivery were large, and receipts of hogs |
greater than generally anticipated, and |
tha grain markets were weak and lower. In !
fact. there was q general weakness in al |
most everything, and the market closed |
tame. Pork was active, but weak and de- |
clining, though it opened strong and sold !
higher sarly, but broke of 3O04Oc from !
top prices, and closed at a decline of !
2Ol 25c, with trading largely after July. |
Cash and June Dull at about 5@10 under |
July. Option lard was weak and lower, |
with a moderately active business done, |
and closed at a decline of about 10c on |
July and 715@15c or longer options. Cash
and June PFC under the July option.
The provision trade has been quite IN
satisfactory throughout the last few weeks,
and the tendency of values has been in a |
downward direction.ssTh consumptive de-
mand in the aggregate is not large, and
while a glance at the table of shipment
shows moderate outge, the situation is
not as favorable as might be desired. For
several days the transactions have been
of speculative character, and a very
fair proportion of these were
on local account. Orders from outside
have not come in with any freedom, as a
majority of the operators seem to be very
mixed as to the probable future course of
the market and there are apparently a
large number of Micawbers waiting for
something to turn up. Receipts of hogs
show falling off as compared with last
season, and those who are figuring the ar
ziyals for the eight summer packing
months at not anything over last year do
~ 10 TO- Nh b