Daily globe., 1883-08-12
ANOTHER BREAK,
The Chicago Grain Markets Cannot
Stand Prosperity.
ANOTHER DECLINE IN PRICES.
Wheat and iCOrn Both Slump Off and
Close at Reduction.
PROVISIONS AGAIN SOME WEAKER
A Decidedly Lively Day in Stocks in
Wall Street.
THE BULLS BADLY DEMORALIZED
Oregon TranscOntinental and Northern
Pacific the Points Of Assault.
THE BULLS BADLY DEMORALIZE
Oregon TranscOntinental and Northern
Pacific the Points OF Assault.
CHICAGO.
Iseecial Telegram to the Globe.

CHICAGO, Aug. 11.-It was sick Saturday
in the leading markets on change. Wheat,
pork, oats and provisions suffered de-
cline. Trading was somewhat active and
prices decidedly unsettled. Flour was
more lively, and for the past few days
sales have been more liberal, and the tone
of the trade was a steady one, with home
buyers looking after the better bakers and
family brands, and shippers and exporters
are buying more freely of the bakers and
lower grades. The quantity on sale is
light, and there is little of the new offered.
and not much of the old stock left on hand
and we will have quite close cleaning up
of stock. For winter wheat there was a
good demand again today on shipping &C
prices quotabiy shade higher.
Receipts smaller. Some speculative
demand existed, bat offerings for
future delivery light.
In the wheat pit the market was feature
less. Early in the session trade was active
and prices strong, selling up 10 over the
closing hgures yesterday, but there were
pretty heavy sellers at the advance, which
quickly caused weakness and prices fell
irregularly 7sc on September and "a on
October; afterwards changed slightly, and
at the close September was 10 lower than
at close yesterday and October unchanged.
There were rumors of more financial
troubles, which also tended to weaken the
market. The weather in England threat
ened rain, and foreign advices were favor
able, but it only seemed to steady the
market. Early in the session Adams
brokers bought in a large line OF short
wheat, under which the market held firm.
and when this support was Withdrawn
offerings increased and prices
dropped. Kent s. Walker were sellers
and the former was reported
to have engaged freight for 165,00O bush
els to New York. Vessel room was engaged
to carry 21,00O bushels. September wheat
closed on the curb at $1.034. In the corn
pit there was some firmness early in the
day, but in the latter part there was a
good deal of depression, August declining
15c from the highest point, September 56c,
and October about 70, then fuctuated
slightly. At the close cash No. 3 was about
&c lower than yesterday, August &c low
er, September e lower, and October 18c
lower.
Warm favorable weather, weak markets
abroad, sympathy with the weakness il
wheat and the heavy break in provisions,
all contributed to depress the market for
corn. In addition there were rumors of
more financial troubles, which helped the
bear feeling; Car lots of No.2 sold at
5024o. The receipts were smaller. Adams
brokers, shortly after the opening were fres
buy ers, but later the New York markets
showed so much weakness that the bears
depressed prices to sos when Spruance
became free buyer which caused some
reaction, but the close was weak. Lester
also FED out corn pretty freely. Vessels
were chartered to carry east 125, 900 bush
els. No. 2 corn closed on the curb at 1870
for September.
The market for oats was dull and an
easier tone was noticeable for the day,
with the call for cash articularly light
and there were more selling than buying
orders for all futures. No. . cash could
hardly be sold at all with new No. offered
at 2G lfc and old No. at 2Sc but the call
was particularly light and no quantity
could have been sold at this range. Sam
Piles were more plenty and while the better
and brighter samples were quite well there
wasittle call for the poor, and lower prices
accepted.
Rye was firm, with 1a@1c advance in