Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-08
THE MARKET WITHOUT SUPPORT.
Speculative Traders Afraid to Venture,
Save for Turn.
PROVISIONS FALL OFF A PEG
Shares Of Northwestern Roads Cutting
Good Figure on Wall Street.
CHICAGO.
Especial Telegram to the Globe. |

change in the situation on Change to-day,
but in principal grain markets, what there
was, was for the better. More business
was done than on yesterday, but there
were no roticeably prominent buyers,
shorts and scalpers taking most of the
offerings. The receipts of grain at this
point were again very large, noticeably
oats, being 223 cars by rail and $500
bushels by canal: 672 cars and f, 700 bushels
Of corn inspected in, and 81 cars of wheat;
1851 bushels of wheat, JOB corn and
98.39S OF oats shipped out, while the lake
engagements were for 456, 900 bushels corn
and 10000 oats.
The McGeoch-FowIer case is still before
the directors.
On the board, trading in wheat was
quite active and the feeling considerably
unsettled, with prices subject to frequent
fluctuations within moderate range. The
receipts were larger than yesterday. The
weather was fine, under a good speculative
demand, and foreign market advices
quoted dull feeling. However, under
good speculative demand, the market
opened rather firm and shade higher,
and prices soon advanced "a &c above
the closing figures on Change yesterday,
then became weak nnder liberal offerings
and marked desire to realize, and prices
declined 1a1l8c later, again rallied 58@
18c, Huctuated slightly, and finally closed
about 3 q Sc higher than yesterday. On
call shout million bushels were sold.
There was an active inquiry and free offer
ings, and prices wero not materially
changed.
Nothing was doing in -four.
Quite an active business was transacted
in corn, both on speculative and shipping
account. The feeling was somewhat unset
tied, and prices early again lower than
yesterday, and closed with portion Of the
decline recovered. The weather was hot
and forcing, the receipts liberal, and ad-
vices from abroad were of an unfavorable
tenor, The market opened about 4 a lie
lower, then ruled frm and prices were ad-
vanesd "a Sc. bat under free offerings
declined later about &c, rallied ga &c
again, and closed &c higher than on
change yesterday. No. in good request.
Rejected IN good request but somewhat
lower. Prices were q shade easier on The
afternoon call, but tirmed again on the
curb. there being good demand About
10000 bushels sold on call.
II oats the speculative market showed
considerable strength. There was not
mach disposition to sell. The near futures
were in good demand and ruled shade
frmer, with prices trife better. No
cash oats in good demand to make out
contrat lots and there were
fair sales at 4O1lT4O1Lc.
the same as yesterday. Shipping grades
easier, owing to heavier offerings. No. .
white in store about &c lower but active,
large sales being made at 43 @43Ic. Sam
pie lots easier, but the best grades were in
good shipping demand. Common grades,
such as mixed rejected, quite dull, and
white rejected only moderate sale. Future
deliveries steady and firm. There was a
good trade in near futures at about d a sc
better prices. Longer deliveries were no
better, i'll fact not materially changed. In
the afternoon the feeling was still steadier.
Rye was weaker and 15@1c lower. 1t
was reported there were shipping orders
on the market, but owing to vessel room
being taken up, buyers held of.
There were fair offerings Rejected
nominal. Sample lots rather slow and
easy. future deliveries quiet and easier.
Offerings moderate and demand light
Still further concessions were made by
sellers after the session of the board.
Barley dull and slow. Offerings not
large but moderate. Demand very light,
no outside orders are being received.
Local matters, owing to warm weather, are
merely using up what barley they have on
hand, and IN but few instances show anv
disposition to buy. Prices for sample lots
were weak, and the in store market re-
mains nominal.
fairly active business is reportedin
the market for hog products, but merely
on local account. The feeling was weak
during the greater part of the day, and
prices reached lower range in all leading
descriptions. Shipping demand rather
light. Foreign advices rather unfavor-
able, and klard was quoted Sd lower.
Eastern markets rather quiet, with prices
favoring buyers. Receipts of product
were fair ant shipments rather light. Of
ferings of mess pork were quite liberal
and the demand fairly active. Prices
were on declining scale, and receded Is
@25c on the whole range and closed
rather steady. The inquiry for lard was
only moderate and offerings fair. Prices
ruled easy and declined 215@5c per 100
pounds but closed frmer. Later in the
gay lard was firmer and a shade higher,
put pork hardly held its own. There were
19'ooo hogs received here, and at the open
ang tne market was fairly active and firm,
OuI was weaker and slow later although
no quotable decline in prices noted.