Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-24

moderate trading, but the market
generally ruled quiet and the feeling was
weaker. Not many orders were received,
put the local speculative element were also
disposed to trade conservatively. The re-
celpts continue fair and there is no ship
ping demand to speak Of The market
opened about 15@38c lower, ruled tenn
Porarlly firm, but then became weak under
Ialr oherlngs and no special demand, sell
ing on 1905 cents per bushel, rallied
about &c, fuctuated slightly, and finally
closed ll4c lower for July, 156c lower for
August and &c lower for September than
on change yesterday. July. wheat started
out at $1.05, sold $1.O514, then slumped
Oft to $1.04, and ended the day only Ic
above the inside figure. There were
eighty-tve cars inspected and 10000
bushels reported shipped out.
Corn held up much better than wheat.
An active demand by shorts made rather a
firm market during the day, but in the face
of large purchases the close is below oper-
ing figures. In the last few days so many
shorts having covered one of the principal
features to hold prices up is out of the way
and If no upward movement should take
place 1t would naturally seem the ssbears"
would desire to again put out their lines.
From the southwest crop reports are not at
all encouraging, but this seems to have no
effect towards bulling prices. The receipts
were 367 cars, the shipments reported
100000 bushels, and the charters
210,J10 bushels. The shipping de-
mand was limited to-day. The
market opened $50 &c lower than yester-
day, rallied &c, declined $8@15c, selling
to the inside prices of the day, and finally
closed a csc lower than on Change yes
terday.
An active trade can be recorded for the
oats market to-day. Shortly after the
opening large selling orders appeared, with
comparatively no buyers, which scared the
small local holders and the offerings wers
increased, ell of which seemed to weaken
prices 1880, quite an unusual fuctuation
for oats. However, at the extreme decline
some few shorts commenced to buy, and
from then to the close rather stronger
feeling existed, but the close was
within &c of the bottom, with
light trade. No. white oats suffered
more severely than the regular grade, sell
&c below the inside price of yesterday. The
market was affected by the unfavorable
turn in the markets for wheat and corn.
There was fair shipping demand, but in
view of the general depression buyers re-
duced their bids and sellers had no alterna-
tive but to submit to the reduction. An
equally depressed feeling prevailed in the
speculative market, prices breaking 1$&@-
l12c for near futures, reaching &c lower,
but closing quiet. September and year
weakened 4@15c. There were 127 cars
received.
Provisions have been steady to-day. but
the trade was fearfully dull and uninter-
esting. Much of the time was devoted to
settling up the Nichols trade and in sign
ing Geo. Stewards settlements, so that
these matters will be out of the way next
week. The changes in prices were CON
tinued within moderate range. Outside
orders either to purchase or sell were com
paratlvely light, and trading on local ac-
count was smaller than during previous
days of the week. Operators as a rule
have their trades safely margined, and are
IN comfortable position and they pre-
fer not 60 enlarge their business until de-
EYefIes are made On the first Of the month
and margins are released. The shippinr
demand was fairly active for all 6escrir-
lions, and prices were well maintained.
Foreign advices indicated quiet FEELING
IN that quarter, but the downward
tendency IN prices appeared to be
checked. Eastern markets were inclined to
quietness, but prices showed no material
change. Receipts of product were fair
and shipments quite liberal, especially of
meats and lard. The shipments for the
week are estimated at 10000, 900 pounds of
meat, 10000 tierces of lard. and 1000
barrels Of pork, but undoubtedly were
larger, as many trades are not reported at
all. They promise to be equally large
next week. New York continues bearisb.
and yet sends her orders to sell the I'm
lures. There Is an increasing feeling in
some quarters that deliveries of wear lard
viii be made in July or August. and this
being SO, year options will not prove the
most profitable. The offerings of pork to-
day were moderate and the demand fairlv
active. The market was stronger early and
prices were gradually advanced 1O0121Ic.
but ra'ed easier again during the latter
part OF the session, declined 15@2Oc
and closed comparatively steady at the
decline. Cash lots were quotable at $17.O5