Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-14
VARYING VALUES.
Another Day Of Fluctuations on the
Chicago Board.
WHEAT AGAIN FALLS IN PRICE.
Corn Holds Little Firmer, but Trans
actions Dull.
PROVISIONS ACTIVE AND LOWER.
A Day Of Considerable Activity and
Better Prices on Wall Street.
WHEAT AGAIN FALLS In PRICE.
PROVISIONS ACTIVE AND LOWER.
CHICAGO.
Especial Telegram TO the Globe. I

CHICAGO, June 13.-The markets were
weaker to-day, and transactions of all
kinds were on a smaller scale. Wheat and
flour both ruled lower than yesterday, but
after the session of the board rallied a
trifie, and ended the day shade under
where they did yesterday. Receipts were
smaller, aggregating SO cars wheat, 484
corn, and 146 oats, and 1885 bushels of
wheat, 329,042 corn, and 1912 of oats
were shipped out, while the charters pro-
vided for the movement of 100000 bushels
of corn and 100000 bushels of oats.
Pretty much all the chemists of note in
this country and one or two from Europe
have been ''retained'' on one side or
the other in the lard scandal, and confusing
expert testimony will be as plenty and as
conflicting as in an insanity proceedings.
The directors this afternoon went down to
the stock yards to look through Fowler
Bros packing house and examine its al
legged facilities for the utilization OF stear-
inc and cotton seed oil. The matter prom
Uses to be nearly as lengthy as the star
route trial.
On the board wheat was weaker, and
trading only on a moderate scale. Not
many outside orders were received, and
trading was mainly on local account. The
receipts were moderate and foreign ad-
vices unfavorable. The weather. showed
signs of clearing, and speculative offerings
were fair. No new features were deYel-
oped. The market opened at
about the closing figures on the call
board yesterday, ruled firm, and advanced
trife, then became weak under free offer
ings, and declined about &c, fluctuated
slightly, and finally closed 15@56c lower
than on change yesterday. On call prices
were about &c better. Only half million
bushels were then sold. For a short time
the cool weather seemed to cause an uneasy
| feeling among the shorts, who covered
! freely, but there was an absence of support
in the way Of buying orders. A member
| of prominent bull firm said to-day mex
| planatiOn Of the present condition of af-
fairs: The fact that we are in the month
Of June, that stocks are large
and The press continues to preach
big crops to Europe, sovershadows for the
time being every leEimate bull argument.
IF the market would break d cent or two
more we would probably have stronger
markets afterwards. We are genuine bulls
and would not prevent a temporary break
even If we could, Rust is reported in
nearly all winter wheat states and we
hear of many fields that will not be har-
vested.
Flour continues dull, and hardly any
trading was possible,wIth buyers scarce on
home or shipping account, and the home
trade were hardly looking at samples,
while shipping orders are next to nothing
or at well below present asking prices.
Bran and all mill stuffs quite plenty, yet
selling somewhat better
Strength shown by corn is due mainly to
unfavorable weather. Complaints come
from all points of too much rain, and ex-
pectations of serious damage if 1t contin-
ues. The experience is, however, that it is
hard to ruin corn crop. The condition
of the crop in this state as reported by the
department of agriculture is 3 per cent.
below an average in northern and southern
thirds of the state, IA per cent. above in
the central division. The acreage is de-
creased per cent. in the northern coun-
ties, but increased 6 and 5 per cent. re-
spectively in the central and southern di-
visions. On the board to-day a good
business was transacted in the market,
both on shipping and speculative account.
The advance of yesterday was not fully
sustained. Receipts were considerably
smaller, but there appeared TO be more de-
sire to sell, and offerings were quite free,
especially at the higher prices. Foreign
advIces were uDfavorable. The market
open steady, and prices were advanced
about fc over the opening figures, then
weakened and under free offerings,
prices declined &c, ruled steady and closed
| lose lower than on change yesterday.
On call values were a shade frmer. The
call sales were unusually small. only a
quarter mill in bushel.
The cash market for oats was firm.
Receipts were lighter, and offerings
generally smaller. No. met with good
speculative demand, and early IN the SEES
sion sold shade higher, but the improve
ment was lost. No. white oats frmer
and 70 better. There was fair shipping
demand, and the offerings were reduced.
Sample lots were in good request, and un-
der smaller offerings the feeling was firm.
Speculative trading was lighter than yes
terday, and an easier feeling also pervaded
the market, and prices were slightly easier
all round. The small premium for July
over June delivery heretofore realized was
| to-day lost, and both futures closed at
about the same price.
There was little disposition to trade in
rye. Prices ruled about the same as yes.
terday. Few were willing to operate in
| futures.
Only few sales of barley were made, and
these were by sample to local maltsters.
The market is dull, slow and weak.
Speculative trading was quite active in
the market for hog products to-day, but,
| the feeling was nervous and unsettled
throughout the session, and prices fuctuat-
ed considerably with moderate range.
The offerings were liberal and low prices