Daily globe., 1883-07-31
| INDIsPOsITION TO TRADE,
But Spectators Feeling More Secure
as to the Status Of.Prices.
MORE ACTIVITY IN WALL STREET.
Stocks of Northwestern Roads BuOyant
and in Good Demand.
CHICAGO.

not yet returned to the city from neighbor-
ing summer resorts, and up the Wisconsin
lakes or closer at home, where they are
wont to spent their Sundays, and those
who were on hand did not seem at ali anx-
ious to trade. The feeling was easy and
most markets are lower than on Saturday
evening. The wheat market was some
what irregular. Early sales were made at
a general decline of 3s@15c. Trading
throughout the session failed to exhibit
any particular degree of animation as on
the closing days of last week. Outside or
ders were comparatively light and the
moderate business transacted was confin-
ed largely to the trading of home traders,
who appeared to be controlled by a more
conservative feeling than usual. The re-
ceipts were moderate of spring and some
what increased of winter wheat, of ninety
five cars inspected fifty-six being new win
ter. At the close values were T@3a
higher than at 10 o'clock Saturday. the
recovery occurring during the last hours
and being brought about by an improved
demand from those who did not care to
Der, while Schwartz and Dupee continue
free sellers. The Eastern and foreign adj
vices were rather unfavorable to-day, but
the shipments were little larger than
usual, $4,000 bushels. There is no news
from the harvest field th at looks favorable
to the bear side, and prices seem low
enough were it not for the moderate export
demand and large stocks at primary mar
kets. The cash wheat has not yet been
placed for August, and within the next day
or two its weight may depress the market
further.
Very little is doing in the -four trade. The
receipts for last week were 1928 barrels.
During that period the market has ruled
quiet. The movement has been particu-
larry light for the summer season, as the
| figures show, lighter than at any time for
years, with little demand from buyers, and,
as it has not been paying to manufacture,
millers have not been doing anything, or
hardly to one-fourth their capacity. Early
| in the week there was some buying on
export account, and it was thought the low
prices and freights would help to free
| buying on export account. But dull wheat
markets end lower cables brought about a
withdrawal of orders, and at the close of
the week the market had dropped back to
the old rule and old story of no demand
and lifeless condition. We are having
fair home demand for the winters and
! springs but buyers are only taking
enough to last until the new wheat is dry
enough for grinding, when it is thought
still lower prices will rule, as the tone of
the wheat market is dull and all expect re-
| duced prices all around. The outside
orders we're for the good bakers or the
lower grades, and these qualities have been
we'll picked up and out of the way, and it
is thought these low priced goods will sell,
but it is the sound and better stock that is
slow, and can only be sold by allowing a
| loss in the manufacture. Bran and all
millstufs sold slow and at lower prices,
with the heavy decline in oats and the
abundance of grass and feed throughout
the east giving US much lighter call for
millstuffs, and decline of about SO cents
per ton, with bran dropping off to $1,000
per ton.
In corn the week opened with business
comparatively slow, and little or no excite
ment IN the market. Shippers we're fair
buyers of cash, but in the line of specula-
ton the trading fell under the usual value,
and was at times rather quiet. The feeling
was also easy, yet operators were disposed
to follow conservative policy, and the
days decline was limited to B@4c. In
| the general trade there were no develop
ments to occasion any excitement, and the
| fluctuations experienced were restricted to
small range. The receipts were quite
large aggregating $50 cars, but the ship
ments amounted to ZOO bushels, while
vessels were engaged to move 395, 900 bush
els more. Large receipts are expected to-
morrow. The scarcity of orders left the
market to-day mostly in the hands of the
scalpers.. David Dows & Co. were selling
August corn. This evening the tendency
seems decidedly downward. q continuance
of the present fine growing weather threat
ening lower prices. August closed on the
board at 5O5s and on the curb later was
sold two points lower.
Another stampede took place in the oats
market this morning and the longs had
spirited race to see who could get out first,
but the break checked itself, bringing out
buying orders that counted sharp reac-
tion. No. 2 cash oats brought about the
same as Saturday. These were in fair de-
mand chiefly on speculative account.
Sales were made at 29@ 2911sc for cash lots.
No. white in store and sample lots were
easier. The demand from shippers was
about 1c lower and prices depended upon
the quality. New oats offered by sample
were especially dull, they being in fact
without demand. In the speculative
market at the opening a weak feeling
prevailed and prices ranged 15@Ac lower
than on Saturdays closing. The market
reacted 5000 and ruled steady. A fair
volume of business was done. There was
considerable trading in July, evidently in
the way of settling outstanding contracts.
At the extreme close the market improved
and the early decline was almost entirely
recovered. There were 1S1 cars received