Daily globe., 1883-06-04
PROVISIONS RATHER INACTIVE.
CHICAGO.
Especial Telegram to the Globe. I


thought might design a bull raid, caused
some covering by shorts, but the feeling
didn't last. The big wheat bulls were tax
ing less interest in the market than for
some time. The receipts of oats were
liberal, the inspection being 129 cars to $40
of wheat and 5S1 of corn. The heavy
movement out was also continued, 221,600
bushels being shipped, as well as 6,S83
bushels of wheat and 262,O7O of corn.
Daring the week ending to-day there were
received here 164,395 bushels wheat, 1856
375 corn, and 9S1,971 oats, while the ship
mepts were 137,40O bushels of wheat
1,77I067 of corn, and 697,4 1853 of oats
The comparative statement in tons
of shipments east from Chicago for
the wesk ending June 2 shows that
the total Of -four, grain and provisions
carried in the respective commodities as
named 70 2,082, 14,8G8 and 5,39S tons. The
lake engagements to-day were 1900 bush
els wheat, 100000 corn and $4,000.
Fairbanks circular places the amount of
lard in the country at 217,466 tierces
against 240,716 tierces year ago. Only
191, $50 tierces of this is deliverable on
contracts as prime steamed.
The New York crowds brokers were
bears Of a good deal of wheat to-day bat
notso much by half as on yesterday.
McGeoch's rejection of the lard deliv-
er9d him by Fowler Bros. syesterday was
the subject OF considerable talk again to-
day. Opinion as to its meaning being di-
vided. Mr.. Anderson Fowler said to your
correspondent ''the lard that we sold to
made. If he has any atfidavits pretending
TO show that it was adulterated to any ex-
tent they are false. That's
all we have to say Mr.. McGeoch
had nothing to say this morning beyond
reiterating that the lard was dishonesty
made The matter has been before the
provision inspection committee who will
afidavits which Mr.. McGeoch has had
prepared in proof of adulteration. If the
charge is substantiated it will have very
serious effect on the lard market. as there
is oyer S1:000000 worth now on hand and
its depreciation would be enormous in
case the fraud is proved.
In the wheat pit ont Ihe boardto-day affair
aggregate business was transacted, but at
times during the session the market ruled
very quiet. The feeling was little un-
settled. At the opening prices were
shs e better and later advanc.
81 to point 58@ sc
higher than the closing figures Yesterday,
but under more liberal speculative offer
ings the feeling became weaker and prices
ruled quiet und closed about 18c higher
for July, 18c lower for August, 36elower
for September than on change yesterday.
The warm and pleasant weather somewhat
increased the confidence of the bears.
Iehre was good business done in corn
both in speculative and shipping account,
although at times the speculative trading
dtagged slowly. The warm weather and
liberal receipts had a rather depressing
effect but there was some uneasiness on
the part Of shorts on account of heavy
buying the past few days by some large
operators. At the opening the feeling was
firm and values a trife higher, afterwards
advancing 10 2lc above yesterdays closing.
but later ruled weaker, declining $8@ 15c.
and closing about $8c better than yester-
day. The shipping demand for oats was
good, the offerings being readily taken and
sample lots of good white oats were ready
sale to shippers and prices were firm.
Mixed lots and common grades were rather
SLOW. The speculative trade was light.
Still steady, firm feeling pervaded the
market. Prices did not fuctuate to any
extent, and the market was slightly better
than at yesterdays closing
There was good speculative inquiry
foI rye, but the shipping orders were light
Cash was without essential change, but the
different futures were firmer. There WAS
good demand for deferred deliveries.
They were wanted in the exchange of con-
tracts. The premium over June was in
creased by the longer options, advancing
1-6@Tc.
Hardly anything was doing in barley.
The demand for hog products was mod
erately active, and the offerings were fair.
Prices were frmer and higher early in the
day, but receded again under the influence
of rather free offerings, and closed tame.
Stocks of all kinds were quite liberal, and
In the aggregate about 21,OO0.OOO
pounds larger than at this time last year.
Shipping demand fair, some round lots
being purchased quietly for the Southern
markets. Foreign advices rather unfagor.
able, and pork was quoted Sd lower.
Eastern markets steady. The receipts of
products were fair and shipments moder-
ate. The demand for mess pork was fairly
active early and prices were advanced
5@ 10c, bat weakened again 15@2Oc and
closed qniet.
The inquiry for lard was fairly active
carly, ana prices were advanced 228 q Sc
per 100 pounds, but receded again 5aI0.
and c!ossd steady. Offerings rather free.
especially OF the more deferred deliveries.
There were $500 hogs received todny ana
values about held their own. The receipt
of hogs during the past week were IO4-