Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-03
The Grain Markets Quite Dull and
Somewhat Lower.
LITTLE DISPOSITION TO TRADE.
The Bulls Confident that Range Of
Higher Prices is in Store.
MORE ACTIVITY IN WALL STREET.
The Yanderbilts the Chief Feature-An
Assault Oh Oregon.
CHICAGO.
Especial Telegram to the Globe. I


markets were rather inactive and prices
weaker and lower. Early in the
day quotations for cereals advanced about
34c,but later on slumped off under the infu-
ence of Is centimes in French rates, which
Is looked upon as evidence Of the probable
settlement of the complications between
france and China.
IL the wheat pit there was fairly &C.
tive business and prices we're irregular, but
generally weak, and at the close December
WIS 1c lower than yesterday, January 1c
lower and May 1c lower. At the opening
prices were about &c lower than they
closed at O'clock yesterday, ruled firm
and sold up irregularIy about 1880. At
td.s point pressure to sell became notice
able and gradually increased, when buyers
began to reduce their bids and
prices gradually fell about 14c
from the highest point, changed
some and closed easy. The foreign ad-
vices were unfavorabe.
In the corn pit trading was fairly active
and the market weaker. Deliveries on
December contracts light, foreign advices
were favorable, and receipts showed only
slight increase, but there was more de-
sire to sell, hence the reaction. Prices
de3lIned about &c from outside prices
and closed about C lower for December,
&c lower for January and 20 lower for
May than the closing figures Oh change
yesterday.
In the market for oats weak feeling
Ia1 vLn
meagre and the shipping and consumptive
demand has been light ever since
the late advance in prices stated. To-day
the turn to weakness of the leading mark
ets increased the speculative offerings, and
there was heavy market, bearing prices
down SO 10 as compared with yester-
days closing. weak sample market,
causing many oonsignments to go to store.
Sample trade slow and market weak.
Rye was weak and easier, with decline
of 12c. Arrivals larger. Liberal deliv-
cries were made on December contracts,
and in some instances the longs were re-
aIizing. Demand very moderate; ship
ping orders scarce.
Barley Yves very dull and weaker, and
the speculative market in particular.
1t was said that most De-
cember contracts had the
barley delivered on them. This brought
some cash; though not much, but it gave
the market weaker tone and buyers
held off. No. 2 sold sparingly. Sample
ticeable an Indifference about buying on
the part of consumers and shippers. The
receipts to-day were quite liberal, making
sample lets more plenty and causing
weakness.
The flour trading was light and sales for
the week less than usual. The market has
not responded in the least to the activity,
and higher prices for wheat and other mar
kets on Change. The fine family
and bakers brands were steadily
held, but shippers are out of
the trade almost entirely TO the extent of
hardly looking at some samples. Rye
-four dull. Buckwheat flour slow and
bran and all rnjllstuffs were bringing full
prices end in light supply.
In provisions trading was not so active
to-day. The offerings on speculative &C
count were quite liberal in visw of pros
pectiye large receipts of hogs during the
coming week, while the demand was not so
urgent. The shipping inquiry was active
and trading showed little improvement,
as sellers were little more inclined to
meet the views of buyers. Eastern mar
kets were easier with trading light. The
deliveries on December contracts were
moderate and mainly of mess pork,
The receipts of product were quite liberal,
and the shipments were large of all kinds
and widely distributed.
good business was reported in the
market for mess PORK, but the feeling was
unsettled and weak during the greater
portion of the day. Prices opened rather
easy at 10@ 15c decline, which was followed
by further reduction of 10@121sc. Later
prices rallied 1o@121sc, but during the
latter part of the session receded again 25
$500, and closed rather tame. The ship
ping demand was comparatively light.
The inquiry for lard was quite active
and the offerings liberal. Prices ruled
somewhat irregular and on the whole range
declined 20@25c per 100 pounds, and
closed rather tame. Shipping demand
moderate.
In the market for short rib sides the de-
mand was moderately active. The offer.
ings were fair. Prices ruled weak during
the greater portion of the day and receded
20@ Poe per 100 pounds and closed com
paratively steady. Cash lots in moderase
demand.
No. White oats ARRIVING on track
yesterday were placed in store and sold al
the same price as No. ? mixed. The ship
ping demand was very tame and the large
stocks east were quoted as reasons why
buyers on the seaboard should not be
anxious to pay the 5, advance in freight
rate.
The November corner in corn was not g
huge affair after all, and they say
it was unprecedented. No de.
faults we're heard of, and the
corn delivery will probably be sent round
to-day on year contracts.
Nebraska people were free sellers Of May
corn in this market yesterday.
The rumor that the aessian fly had ap-