Daily globe., 1883-08-07
II SPECIAL LONDON CABLES.
CHICAGO.
Especial Telegram to the Globe.


&c lower. Corn lost &c, but was some
what Irm. Oats were quiet and &c lower,
while pork receGed 3715c per barrel and
lard fell CT 15c per 100 pounds. The fine
weather, the favorable crop reports, the
eastere failures, the present telegraph
troubles and the absence of European quo
tatiors, ard owing TO holiday-these all
caused al easier feeling and the bears
were generally IL possession of the market
all day. The favorable outlook for all
cereaa tends to Gepress prices, and fur
ther decline may be looked for before any
permanent advance is likely to be estab-
lisheG.
On change today & quiet feeling pre-
vailed il regular or No. 2 wheat, and dur
ing most of the session the fluctuations
were So slight as to scarcely attract any
attention from operators. The feeling
was weaker, and prices reached
point about &c lower than the
closing figures on change Saturday, and
then ruled to tolerably steady most of the
session. The decline was attributed to
fine weather in the West and larger re-
ceipts. especially OF. winter wheat. Aggre-
gate receipts of spring and winter to-day
we're $50 car loads against 1O5 car loads
Saturday.
The absence of foreign advices, owing
to the holiday. also made business more
quiet.
But few outside orders were received,
and what little business was done was
mainly-of local character. The market
closed 20 sc lower than Saturday. Most
of the trading centered in the October op-
tion, and even IN this future only light
business was transacted, Year wheat was
quiet and about 18c under August.
The market was almost stagnant at one
time during the session, and outside spec
ulaticn was greatly curtailed.
The market fuctuated about &c,
but September closed 1c lower, October
&c lover, while .August receded &c. There
were larger receipts both here i'll the winter
wheat points. A prominent firm sold a
round lot of September wheat early, but it
was taken without The market being affect
ed as much as expected. Cash wheat was
rather strong, and there was further mar
rowing of the September premium. While
the trade IS generally bearish there is no
great pressure 10 sall, and local shorts cov-
er az very small declines. A continuation
of th5 present fine weather to secure the
harvest in good condition will prevent an
immediate advance. There was some in
quiry for winter wheat, but prices ruled a
trifa easier.
In flour nothing whatever was doing land
the feeling in the trade was quite a dull
one, with home buyers hardly looking at
samples, and outside orders have been
Withdrawn or limits reduced below a fair
rate, and little but low grade stock
was going outside. Rye -four was slow,
Bran and all millstuf5 we're 1uI.
Corn was fairly active most of the day,
and though weak at the opening owing to
Tumors of very heavy receipts, it after
wards improved when it was known that
The arrivals were not as heavy as expected,
and August advanced 78c from the lowest
point, September 58c and October 58c,
then eased OFF some, changed slightly, and
at the close was steady. Car lots OF No. .
sold at 51@5l15c, the outside for special
locations closing al about 5113c. Rejec-
ted sold at 44@ age prices differing as to
location. The demand for cash was brisk.
and fne charters we're heavy, aggregat;ng
375,C00 bushels. Receipts 398 cars. re
ports from the cora growing regions
are generally less hattering
the crop suffering from drouth and cold
weather. There was continued demand
for cash property, and August was also in
good request, bat the more deferred fu-
lures were only in moderate demano.
Fluctuations were generally confined with
in q range of &c. Cash closed a higher
and quite firm, hut an easier feeling is
expected tomorrow.
Oats were more quiet and easier. Prices
were quotable with little call for cash in
store, and the speculative market was slow
and few trades made for the day, at about
1{c below Saturday. No, cash was firm
at 273Ic for new to 2824c for old, but al
the cash was going to the sample market
and bringing more than could be had in
store. and particularly for the white and
all the better cars.
Rye was more active, and for cash an
Improvement was noted, while the longer
futures were called for at Saturdays prices
but held above. N. . cash closed at the
outside. Samples we're going out slow.
In the provision market weak feeling
was exhibited. Trading opened trife
under Saturdays figures, and under large
offerings for future delivery, prices suffer
ed q sharp decline all around. During
the last hour Of the session there was {
sligh: improvement in the tone, but the
reaction witnessed was limited, and at The
close of business the days actual decline
amounted to 3711Ic in pork, 25c on lard
and 30035c on ribs. Speculation was
quite active, and owing to the break con
siderable interest was maintained in thC
mart Ehronrhnrt the 1av Eoos vera II