Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-13
GAINING GROUND.
All the Cereals Gain Slightly in Price
on the Chicago Board.
WHEAT SCORES A GOOD ADVANCE.
Corn in Active Demand and Ruling
Generally Higher.
PROVISIONS WEAK AND LOWER,
The Exclusion Of American Lard from
Germany One Of the Causes.
STOCKS On WALL STREET LOWER.
Disquieting RumOrs as to GOuld's
Plans for the Future.
WEAK AND LOWER,
The Exclusion of American Lard from
Germany One Of the Causes.
STOCKS On WALL STREET LOWER.
Disquieting RumOrs as to GOuld's
Plans for the Future.
CHICAGO.
Especial Telegram to the Globe

beginning to be thought there is. no bot
tom. Pork drops at the slightest infiu-
ence, and carries everything else with it.
There was good speculative demand at
the opening this forenoon, yet the market
was so sensitive that the appearance of
Hutchinson as bear turned the market
down in twinkling. 1t was known to
prominent scalping firm that packer was
being sold out by brokers, and then sales
in consequence were enormous, probably
with the hope of wrecking the market and
prOfting thereby. On the afternoon call
there was better feeling, but prices this
evening show another sharp decline as
compared with yesterday.
The grain markets generally were firm
er, despite the depressing influences and
made more or less advance. The receipts
continue small-42 cars of wheat,
292 of corn and Ill of oats.
by rail, and 10000 bushels of CORN and &c.
700 bushels of oats by canal. Shipments
are liberal, $4,000 bushels of wheat, 1884,
900 bushels of corn, 900 bushels of
oats, and 10000 bushels of barley being
reported as shipped, while the charters pre-
vailed for the movement of $4,000 bush
els of corn, 5000 bushels of oats, and 25,-
900 bushels of barley.
On the board the wheat market, during
most of the session, ruled rather quiet, and
it was only occasionally that there were
spurts of any activity. The feeling devel-
oped was unsettled and feverish. The
weather was warm and crop reports gene
rally favorable The new wheat at some
of the winter wheat markets is reported CT
good quality, and large percentage pass
ing grade; and this, together with the
weakness in the local provision mar
ket, affected the market materially. At
the opening the market was about 20 PC
higher, but soon sold off 35@15c per bush
ell, then rallied, influenced by the
frmEess in corn, and prices we're advanced
I@1c but later, under the circumstances
already mentioned, the offerings to sell
became large, and prices declined 115@
134c, and finally closed about the same to
$50 l4c higher than on change yesterday.
Call prices were about &c higher, every
thing then feeling a trife better. The
sales were under 100000 bushels; August
ended the day at $1OO18 bid, having sold
at one time during the day at 993$c. On
the curb, before the opening of the board,
it had brought 1921.
There were few transactions in flour
to-day, but nothing new developed, the
market running as dull as ever, and feel
ing weak, local jobbers not buying, and
the few lots taken for shipment we're to
fill some special orders. The foreign ad-
vices were unfayorable.
In corn an unsettled feeling prevailed,
and trading was active, both at advancing
and declining scale of prices. Shippers
bought quite freely and speculative trad
ing was also active. The receipts were
smaller and shipments quite liberal. The
market opened frmer and prices 23@Tc
higher, and continued 10 rule strong for
the nearer futures, while the deferred
futures were relatively easier. Prices were
advanced under an active demand, largely
from shorts and particularly for August
delivery, 1a115c for tbs various futures,
then ruled weaker under more liberal
offerings Influenced somewhat by the de-
preston ii provisio on circles, and receded
10lisc from outside prices, fuctuated
and finally closed lie higher for August,
sc higher for September, and &c higher
for October than the closing figures yes
terday. No, was III good request and at
times special location where shippers were
loading sold for more than July prices.
On the call about 80 more was offered and
accepted for $4,000 bushels.
There was exceedingly dull market for
oats. Sample lots, owing to increased
arrivals were in large supply, The de-
mand was meagre and dull and easier
market was experienced, with
prices 1c lower. All ship
ping grades we're affected, and No. 2
white oats declined lie. On the specula-
tive market prices did not change much.
There seemed to be few orders to either
buy or sell, and but small volume of
business was done. Cash sales of No. 9
oats were at 3415c for car lots, and round
lot was sold at 344c. Future deliveries
were dull and inanimate. The usual oper-
ators seemed to be without orders, AID it
is long time since so quiet market has
been witnessed. AS the demand and the
offerings were both very limited, there was
nothing to cause any material change in
values.
Rye was firm at the improved prices of
yesterday. There was a fair speculative
demand, and the offerings were meagre.
Some inquiry also existed on shipping &C.
count. The demand was very good for all
deliveries. Trading was restricted by
rather meagre offerings. A firm feeling
prevailed. and the improvement of yester-
day was maintained.
For barley there was no quotable mar
ket. There was no demand, and the re-
ceipts are also so very light that but few
cars came on sale. The in store market
remains nominal. Consignments coming
in are offered by sample, but buyers are
scarce. They have often got to be held