Daily globe., 1883-08-02
The Chicago Grain Markets Manifest
Considerable Weakness.
THE BEARS POUNDING PRICES.
Favorable Crop Reports Have a De.
pressing Effect all Around.
PROVISIONS
ALSO DULLER.
Speculation in Wall Street Fayorine
Bears, Except III Northern Pacific.
CHICAGO.
Especial Telegram TO the Globe. |

change to-day were moderately active.
but feeling nervous and unsettled, prices
closing at further decline. There is very
little to be said concerning the business of
the day, except that it dragged along with
out any particular life and was as whole
OF very unsatisfactory nature. Thus far
the week has been discouraging one
The wheat pit on the board was quieter
place than usuaI-in this cereal there was
no increase in the trading yesterday or
Monday. Traders were in fair attendance
but rather conservative feeling controlled
their movements and the business reached
only moderate volume. The
trading was also spasmodic, being quite
active at times and then provokingly
quiet, The market, however, was weak
and the Quotations were lower than yester-
days range, closing 24@1c lower. Sep
tem@er was the favorite future with trad
ers, though the interest in October and
November exhibited some increase the
general trade closed inside prices, the last
quotation on August being 81 1:0015. Sep
TENDER commanded &c premium and Octo-
Der Sc. There was 112 cars inspected in
to-day and 1000 bushels shipped. The
sPasmodic rallies were due to bull mani
pulation by parties working to place their
August holdings in future options.
Flour continues slow and very quiet.
Outside orders have been withdrawn for
everything but the common grades, and
local buyers were unwilling to purchase.
Dealers we're hardly paid for showing sam
pies, and would have allowed reduced
prices for nearly all qualities where by so
doing sales could have been made. Bran
and all millstuffs we're IN light request and
selling slow.
The corn market was again easier Fav-
orable weather for the growing crop, en-
couraging reports from the country and
apparent falling off in the shipping de-
mand continued to develop a weaker feel
ing, and the movement favored buyers al
most throughout. Trading opened 16@4c
under yesterdays last figures, and after
ruling comparatively steady for
a1Etime sold considerably down.
During The last hour the depression was
more marked than at any former period
of the day, and both cash and the futures,
the market closed at inside prices. Cash
Suffered decline of 10 PC, and the
speculation market weakened %@2c.
August is quoted at 1919. The receipts
were not large, being 474 cars, against
So yesterday, while the shipments were
$4,000 bushels, and the charters 100000
bushels. Large amount of corn seemed
to be wanted 10 day at SOC, and when that
point vas passed buyers did not seem so
anxious.
There vas good local and shipping de-
mand for old oats, both in store and on the
sample market. They we're firm; cash No.
> in store closed at about 2815c. New oats
were quiet at 274@2735c, and demand for
these limited. Sample lots of old sold we'll
and ruled firm, but new were rather slow
The arrivals all told were only moderate.
At the opening the market for August was
weak and declined $8c. This was followed
by frmness and &c reaction, and the mar
ket finally closed without essential change
September and October deliveries were
both shade better, and year did not show
much change. The receipts were small
seventy cars, and the shipments $4,000
bushels.
There was very coed speculative de-
mand for rye and there were fair shipping
orders. The offerings were only moder ate
the market was firm with the deferred fu-
lures closing a shade higher.
There was TO trading in barley. Opera
tors were busy discussing the proposed
change in the inspection rules governing
the grading Of No. > barley.
The friends Of hog product had another
sorry experience to-day, made & break and
we@l- closing being the record. Traders
When they did anything favored selling.
Hog we're Zoe lower and in good sup
ply, 1000 arriving while 10000 are ex-
pec.e6 for tomorrow. Trading was only
moderately active. Speculatocs
were apparently not very anxious
to e. age actively in business ana ship
pers were rather slow to take hold. Or
ders from outside parties were not very
large and local operators were not incl
ed to DO much business. Foreign advice.
were ess favorable to holders and prices
were reduced Sd on lard and bacon in the
Liverpool market. Eastern markets show
ed no particular strength and prices gen
orally favored buyers. The receipts o.
produce were fair and the shipments of al
kinds quite liberal. The deliveries or
August contracts were fair Of all the specu
lative descriptions, but understood to have
conferred in strong hands. The marke
was comparatively easy during tht
greater portion of the day and prices
averaged lower though huctuation!
were confined within moderate range
The demand for mess pork was only mod
erately active and the offerings only fai1
Trading mainly on local speculative &C
count. Prices on the whole range favor ei
buyers. At the opening the market wa
sasy and prices 215@5c lower, but unde,
the iEAuence of q fair inquiry to fill order:
prices we're improved 59715c. Later tn,
feei.4G Has easier and prices reteded 3OG
35c, and ruled rather tame to the close
Shir ping demand rather light,.Pud order;
chiefly for small Quantities. Cash i
n, o. 8 ..-..s IL ,1c-,os+ oy5 1uofobIa @ CsJo .