Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-12
The BUSINESS WORLD.
A General Tendency to be Little Dull
at Chicago.
GRAIN TENDING DOWNWARD.
While Stocks Look Like Holding up
andsAdVancing.
CHICAGO.
Especial Telegram to the Globe.

er longs.
.. L. Brown. commission merchant and
member of the board, suspended this
morning, owing, it is stated at his Office.
to the failure of his customers. who are
long in wheat and oats, to advance mar
gins. He is at Grand Rapids where he has
large milling interests. The extent of mis-
liabilities cannot yet be ascertained. His
representatives, however, claim ne will
settle all obligations il full.
One bear influence to-day was receipts,
there being inspected in to day by raj!
and canal the equivalent of 1872 cars of
wheat, 939 corn and 305 oats. The aggre-
gate shipment, however, was large, being
3,33S bushels Of wheat, 537,479 bushels
corn and I56,925 oats, while the vessel
charters provided for the moving of the
further amount OF 100000 bushels of corn
and Gj,O00 of oats.
On the board the sellers seemed to out
number buyers. Ia wheat was transacted
only moderately active business and al
though prices were somewhat irregular the
whole fuctuation was only about 1c, and
the general feeling was easy; July closing
1l5c lower than Saturday; August 78c
lower and September sc lower. The
market opened weak and &c lower than
Saturday, but the decline brought out
pretty free demand under which there
was an improvement of sc, but
the demand was soon satisfied after
which the business became slack and
prices weak, gradually selling 1@118c
from the highest point, then fuctuated
slightly and closed weak.
On call about a million bushels sold.
There was then a good request, prices
ruling shade easier. Spring wheat sold
lower to-day and scarce anything was do
ing in winter. There was no change in
-four market. Shippers have no orders at
near present quotations. Mill stuffs were
in larger supply and only fair request,
selling al much lower prices.
There were received here last week Co.
967 barrels -four against 1858 shipped.
Trading was even lighter than expected,
with home buyers taking next to nothing
and outside orders limited and bids we'll
below asking prices for good brands and
with no great call for poor. This condition
of market has been brought about by
unsettled condition Of ne wheat market
and uncertainty "a to the future. Buy
ers generally are looking for lower prices
ana are unwilling to purchase now or
more tAaD for immediate wants, while
shipping orders have cee9 light all the
year and there is little prospect for any
improvement right away. Thr supply on
hand Or back is more than usually light,
ana millers are not disposed to grind
while there Is Il certainty Of loss of SOC
per barrel in the manufacture, and we will
need lower priced wheat or an advance in
demand and prices for flour to bring
about sufficient confidence among millers
TO continue operations. The stock of fine
grades of winters and springs are light
and there is quite firm holding for some,
but with so little prospects for shipping
that few are willing to place sacked lots
on sale, and the market is nearly bare of
the same. Hardly anything but low grade
of stock is selling.
The demand for corn was fairly active,
the offerings quite liberal and prices again
ruled higher. Rainy and cold weather
yesterday did not appear to have any effect
on the market. Large receipts were an
ticipated, and in this operators were not
disappointed. Besides the weather Was
warmer and clearer again to-day, and for
eign market advices were of an unfavor-
able tenor. Prices ruled 4@38c lower
than closing figures Saturday and closed
10 IF
large freight engagements for corn tended
to sustain prices. No. was in good re-
quest and sold freely. Sample corn was
in liberal supply, but rather dali. Only
the best high colored yellow was wanted
The bulk Of the consIgnments had to be
run into store. Six hundred thousand
bushels were then a shade stronger. The
n crease in stocks here last week amounted
to about 100000 bushels day and prices
will be as heavy this week.
Oats weaker. There was ne speculative
interest in the market and trading in fu
lures was light. Large receipts and lower
markets for other grain exerted weaker
feeling and prices declined. Shipping
demand was very fair, but in view of large
OuSI-uSS anu q u6proSSeu IS0tlnp snip
reduced their bids. No. cash ranged
M@$8 lower. No. 2 white declined 115c
from inside price of Saturday. Sample
lots sold fairly, but rated about lie lower.
Fer future deliveries the market was dull.
There was less than the usual volume of
trade. The market opened a little strong
er, but later a weak feeling prevailed and
prices ruled 115@35 lower than Saturdays
closings and the market closed at inside
prices.
Rye was quiet and dull. The offerings
were about fa and the demand light all
around. weak feeling prevailed and
prices were 13@2lo lower. Future deliv-
cries were dull and weak and trading was
light.
Barley was very dull and weak. Sales
were by sample altogether. Offerings were
fair and demand was very light. Buyers
would only buy when able to do SO at lower
prices, and sellers having 10 other recourse
had to allow concessions. In store the
market is still nominal.
An unsettled feeling prevailed in the