Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-03
CHICAGO.
Especial Telegram to the Globe.


CHICAGO. Sept. There has been
another bear day on change All grain
markets have been depressed, and the bulls
have appeared pretty much demoralized
! on account of the hammering to which
wheat and corn have been subjected.
There has been an immense trade done in
wheat at marked decline. During the
early hours the market did not permit
satisfactory carrying charges from Sep
TENDER to October, which caused the car
riers to deliver cat the cash stuff. This,
added to the general weakness, and the
market ruled heavy under heavy offerings
until Just before the close, when prices
had improved about 10 from the lowest
prices current. The receipts at st. Louis,
and other winter wheat markets were
very heavy to-day land this had an influence
here. October at one time touched $1,000
and September sold at $3.50 The close is lc
| lower for September and &c for the other
options. The receipts were 800 cars, with
no charters. The shipments, however, were
somewhat larger than usual.
Flour was neglected and dull, and hardly
any trading could be brought out, with the
more or less influence in keeping buyers
away, and outside parties have very few
buying orders. The quantity on hand
was light and held firm for the better
family and bakers brands, but all shipping
grades were slow and only the lower grades
selling. Bran and all mill stuffs were in
lighter supply and bringing steady prices.
Corn let go its mornings and dropped
|
A very large business was done at
the opening; the offerings were large, with
but few buyers. Under continual pres
sure to sell lower prices than have pre-
vailed for long time were reached. The
weather and large receipts, 6S6 cars,
had their influence. The premium tor
cash over September almost disappeared.
Dwight & Gillette and few receivers were
the only large buyers of this mouth, pre-
sumably to fill shorts. Schwartz & Drake
sold heavily for September and October.
Adams was large seller through several
brokers. No cash corn was delivered to-
day, Or upon September contracts. Vessels
were chartered to-day for 100000 bushels.
The close is 1a@4c under yesterday for
the futures, while cash declined &c. The
crowd is largely short of both corn and
wheat, and there may be
repetition of the furry recently
experienced il the cat market this month
unless the shorts are careful.
| Trade was quite brisk in oats. The mar
let was 4@l4c lower for cash, and
slightly easier for deferred futures. There
were liberal arrivals, so that cash oats
were plenty, and there was no urgency in
| the demand for futures. Sample lots were
active, but owing to liberal supply, sell
| lers had to allow concessions in order to
meet the views of buyers, and prices were
lower: Under liberal receipts and quite
free offerings, rye declined &c.
The provisions market has been fairly
active, and although the deliveries were
large, it closes suspiciously strong in some
| res pects. Armour took care of the ribs
and jumped the price to stimulate his
October pork, and sending it 1870 above
January. Shoneman covered line of 10000
bbls. October and the close on the street
is S12.20 bid. On the board prices were
not materially different from yesterday.
During the first hour buyers took with an
expected freedam and a sharp upward
turn was witnessed in prices. AS soon as
the orders on the market were filled, de-
mand subsidized, and an easier feeling took
possession of the trade. The mornings
improvement was promptly lost, and at
the close prices were lower than at the
closings of yesterday for lard, and un-
changed for pork. Short rib sides closed
higher. In the speculative trading Sep
TENDER lard was easier, little irregular,
was ruling strongly early, easier later,
closing 215@5c under yesterdays closing.
Cash was held at September
ruling prices and closed at S8.30@S.32H
The general trading was only fair,
with the greatest activity early in the
day.
| The opening hour of trading on the
board of trade Mondays will now be 9:90
O'Clock, as on the other days of the week,
instead of 1870 o'clock, as during July
and August. The afternoon call will be
| resumed September 10.
AT the stock yards the cattle trade
opened extremely quiet. The run was
rather larger than usual for Saturday,
| and as buyers generally we're pretty well
| loaded up, sellers found some difficulty in
closing out without sacrificing prices. No
one was willing to. make any
| concession, however, and the
trade dragged along at about
steady prices. The quality was very
| poor average. There we're few scatter
ing droves of ripe steers, but range cattle
| and common and medium natives made
up the bulk of the offerings.
In hogs trade opened qaiet at stronger
prices, some of the early sales indicating
an advrnce of sc. TIE stronger feeling
| was the result of the late arrivals Of the
stock trains on some of the roads, The
market soon feel back to Fridays prices,
where it remained. All of the merchanta-
BILE hogs changed hands, and the feeling
was steady.