Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-13
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.
CHICAGO.

beginning to be thought there is no bot
tom. Pork dropsSat 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 a 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 curn and &c.
700 bushels of oats by canal. Shipments
are liberal, 10000 bushels of wheat, 1884,
900 bushels of corn, $4,000 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 10 re
higher, but soon sold off 35@15c per bush
ell, then rallied, Influenced by the
frmness in corn, and prices were 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 &c higher than on change yesterday.
Call prices were about &c higher, every
thing then feeling a trifie better. The
sales were under 100000 bushels; August
ended the day at $1,OO15 bid, having sold
at one time during the day at $3.50. On
the curb, before the opening of the board,
it had brought 1921.
There were few transactions in -four
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 were 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@Bc
higher, and continued to 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, 1Q115c for the various futures,
then ruled weaker under more liberal
offerings Influenced somewhat by the de-
preston in provision circles, and receded
1@l15c from outside prices, fuctuated
and finally closed 1c higher for August,
sc higher for September, and &c higher
for October than the closing figures yes
terday. No, > was in good request and at
times special location where shippers were
loading sold for more than July prices.
On the call about 118c 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 were affected, and No. 2
white oats declined 1c. 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. 3
oats were at 3415c for car lots, and round
lot was sold at 1870. Future deliveries
were dull and inanimate. The usual oper-
ators seemed to be without orders, and 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 quotabIe 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