Daily globe., 1883-06-25

day, rallied &c, declined 38@1ac, selling
to the inside prices of the day, and finally
closed 4@3 3Sc 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 were
increased, all of which seemed to weaken
prices 1870, quite an unusual fuctuation
for oats. However, at the extreme decline
some few shorts commenced to buy, and
from then to the close a rather stronger
feeling existed, but the close was
within &c of the bottom, with
light trade. No. 2 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 13s@-
11ac for near futures, reaching sS0 lower,
but closing quiet. September and year
weakened 4G1sc. There were 1877 cars
received.
Provisions have been steady to-day, but
the trade was fearfully dull and uninter-
ssting. 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 cut 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 to enlarge their business until de-
iveries are made on the first of the month
and margins are released. The shipping
demand was fairly active for all descrip-
tions, and prices were we'll 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 1O,5OO,OOO pounds of
meat, 10000 tierces of lard, and 5000
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 bearish,
and yet sends her orders to sell the fu-
lures. There IS an increasing feeling in
some quarters that deliveries of year lard
will 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 fairly
active. The market was stronger early and
prices were gradually advanced 10@1215c,
but ruled easier again during the latter
part of the session, declined 150 2Oc
and closed comparatively steady at the
decline. Cash lots were guotable at S17O5
A''AO- n Ae%1I DuSluOSS Was T0pOFU0Q III
tho lard market, but largely on speculat-
i've account. At the opening the market was
stronger, and sellers succeeding in obtain
ing a slight advance The offerings.
however, were free and prices gradually
receded again 713@1Oc per 100 pounds and
closed comparatively steady at the reduc-
ton. The shipment demand was fair,
mostly on export account. The ship
ments during the past twenty-fou
hours were about $500 tierces, of which
1850 tierces were forwarded by lake.
Cash sold at $3.50. Since the grst week in
May the decline in pork has been $3.50
per barrel, and in lard $3.1715 per 100
pounds. Short ribs are $2.S715 less per
100 pounds. The loss in actual property
of hog products in this city by this depre-
citation is not less than $4,GOO,OOO and of the
losses sustained by all parties by the
shrinkage in prices on contracts for future
delivery has been fully $1O,OOO,OOO addi-
tional. 1t is estimated the receipts of hogs
next week will be about $4,000 head.