Daily globe., 1883-07-30
WEAKENING.
No Improvement lin Prices Of Cereals
OH the Chicago Board.
A STEADY DECLINE ALL AROUND.
The Various Causes Contributing to the
Result Briefly EpitOmized.
on THE DOWN GRADE.
Scarcely Anything Doing in the STOCK
Market on Wall Street.
CHICAGO.
ISpecial Telegram to the Globel

Special Telegram to the Globel
CHICAGO, July 28.--The week closed
quietly on change. Trading was light
to-day and all markets inclined to weak
ness. Very little was doing in wheat.
Outside orders received were limited, and
the days speculative business was largely
transacted by local traders. The feeling
throughout was dull and weak. Settled
weather, light shipments and increasing
receipts which promise to be much larger
turned the movement downward, and
prices suffered a general decline of 118@
114c. A good share of the trading done
was for the September option. The best
prices quoted during the day were obtained
at the opening, and the lowest were reached
during the closing hour. The decline wit
messed occasioned little Or no excitement.
4 number Of buying orders were on the
market, limited to about $1.O5 for October,
but when they were filled there seemed
little to sustain prices. New York advised
a lot of wheat being posted as out of con-
dition, but this coming just at the close
had no effect on the market. The feeling
is that next week will bring still lower
figures.
Corn sympatized with wheat in its price
changes. The market was weak, and with
larger offerings of cash and future prop
erty than the demand was able to absorb.
The movement favored buyers. Lower
prices were the rule, and the decline suf-
fered was general, amounting to 30 as
compared with yesterdays closing figures.
The receipts were again large, while the
weather undoubtedly had some influence.
Receivers were selling August corn moder-
ately, which would rather indicate they ex-
pected increased receipts should the ship.
ping demand drop off as feared by some
the principal support of the market would
be Withdrawn. Lester has been bear all
day, selling freely.
Oats were very weak. There was de-
cline all round, and for cash and the bear
features the break was severe. The spec
ulative inquiry was rather meagre, and
shippers in view of the dullness of the
market held off. There were
fair offerings. No. cash de-
clined 215c, No. 2 white, &c, and
sample lots were dull at the same conces-
sion; July weak at 2alc, but regained 1c.
This option was pounded without mercy.
Eldridge was free seller of long oats, and
had it not been for Adams support much
lower range would have been seen.
Cash rye was shade easier. There was
no shipping demand of account, large
orders having been filled the last e y days.
The futures show no noticeable change.
Sample lots of new barIy were shown on
the market and bids were solicited for lots
to arrive. There seemed to be no disposi-
ton to buy, New No. ? for September
delivery was in good request and firm at
15c improvement. Sample lots were very
dull. Cash barley is not cared for at
present.
Trading in the market for hog products
was only moderately active and largely on
speculative account. The receipts of hogs
were quite liberal for the closing day
of the week and prices ruled
higher, but appeared to have little influ-
encs on the course of the market For
egn advices indicated an unhealthy feeling
in that quarter. Bacon was quoted Sd
higher, while lard was reported Cd lower.
The latter is probably due to the antici-
pated large arrivals. Eastern markets
showed little change. The receipts of pro-
duct were moderate and shipments quite
liberal Of meats, but moderate of pork
and lard. The shipping inquiry was fair,
and some orders for large quantities, with
trading in quiet way. At the opening
the market showed little more strength
and prices were slightly advanced on some
of the leading articles, but later in the day
weaker feeling prevailed, and a slight
reduction in price was submitted to, and
ruled rather tame at the close.
There was q fair business III the market
for mess pork, but the feeling was some
what unsettled. Outside orders we're fair.
and local operators were inclined to do a
good business. The market opened
stronger, and prices we're advanced 5@ Zoe
but the offerings we're larger than the trade
in a general way required, and reduction
of l5@20c was submitted to. The inquiry
for shipment was moderate. Cash in fair
demand in quiet way and quotable al
$13. .90@14. The decline, begun in wheat,
was the sign for raid in pork. The cry
for meats is so eager that buyers canno!
obtain their purchases as soon as wanted
and light hogs are at a premium over
heavy weights, but while shippers are
eager for meats there is no great call for
pork.
Cudahy has returned from his vacation,
and like Fowler was inclined to be bearish
Tne talk to-day has been lower prices, and
there may be some heavy selling before
any advance can be made. A bear rumor
was the appearance of hog cholera in
Missouri. There was fair inquiry for
lard, and the offerings were moderate
Trading in the aggregate was not very
large in volume, and prices on the
whole range favored buyers to some
extent, and declined 5@715c per 100
pounds. The shipping demand was