Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-02
Lively Trading on the Chicago Board
Yesterday.
CEREALS GENERALLY STRONG.
A Slight Decline Recorded i'll Wheat
For Future Delivery.
PROVISIONS SLIGHTLY WEAKER.
An Active Movement in Stocks on Wall
Street.
CEREALS GENERALLY STRONG.
PROVISIONS SLIGHTLY WEAKER.
CHICAGO.
Especial Telegram to the Globe. ]

terGay, out recedlng before the close and
ending the day at only a trife advance on
nearly everything but wheat. The trading
III wheat was of The usual scalper order,
buyers being in almost all cases perfectly
willing to sell again at a small profit. The
settlement of the iron mills troubles was
used to strengthen provisions, and posi-
bly, prevented break, as the market is so
shakY that anything tending to lessen the
demand to the least extent has depress.
ing influence. There were very large de-
liveries of pork and lard on June con
tracts today, and many trades were
changed into July.
A furry was caused on the board by the
announcement that McGeoch & Co. had re-
jected 22,5O0 t;erces of Fowler Bros lard,
which had passed the inspector, who say
the first intimation they had of anything
wrong was notice Of the rejection. The
stock had passed the inspector and was de-
livered this forenoon. 1t is an unusual
occurrence, which the rules of the board
anticipate by providing that the firm guilty
of such conduct shall either pay or walk
the plank. The question is one for the
board to settle il itself. 1t will probably
not be disposed of for several days. The
inspector of the board says that the in
spectiOn was thorough, and that there was
no information at hand to warrant the
Withholding of certificate. Such things
occur only when there is secret informa-
ton that the inspector cannot get hold of.
Everingham said this afternoon: ''It is a
fact we have refused to receive the lard as
regular. We have what we deem sufficient
evidence that It Is not regular. By not
regular we mean that it is not standard.
The standard quality is known only as reg
ular. I can't say anything more on the
subject yet"
late partner Is very anxious that the affairs
OF the insolvent firm be settled. Some
time ago lie filed q bill in court to bring
about an accounting aad an order was
entered yesterday by Judge Tuley referr-
ing the case 10 I. G Winks, master III
chancery, 10 take proof OF all claims
against the late firm Of Handy, Richardson
Il Co. All persons having claims against
the firm are 10 present the same for al
Iowanee befor the master on or before the
first Monday in July.
In the wheat put on the regular board
quite an active speculative business was
transacted. Early in the day, influenced
by fine bright weather, the offerings to
sell were quite large and the market rather
weak, and prices declined ga 4c below
the closing figures on the call board Satur-
do
under q better demand, due somewhat
to an improvement in neighboring winter
wheat markets, and prices were advanced
14@115c, but again weakened, prices de-
clining under renewed pressure to sell &c
from outside figures, fuctuated and finally
closed ic lower for July, 1ac better for
August, and i c lower for September than
on change yesterday. Only a moderate
afternoon business was done. But 100000
bushels changed hands on the call, fea-
ture being sharp inquiry for September
of which 305,000 bushels were taken. Most
of the remainder of the trades were in
July and October. The prominent longs
were not conspicuous buyers, several of
them selling more than they bid in. The
inspected in, and there was little shipping
demand except few small orders for red
winter, and of grades OF spring. The
main buying by the bull crowd was done
when prices touched their lowest point,
when for a time they gave the
market liberal support i The shorts also
took good deal at this point.
IyIoT,r NO 4I,-,, -.,-, - 4:...7--
less, the only trading being on behalf of
homo operators. The stock here is report
ed at G2,972 barrels, against G4,GO2 bar
rels month ago, and 70, 43O barrels June
l, 1882.
For corn there was good shipping ana
an active speculative demand, and large
business was again transacted. The
weather was warmer, clear and pleasant.
and at the opening the feeling was little
easier, prices receding about &c, but I'M
der speculative demand prices gra dually
improved, and with smaller receipts,
still further improvement was established,
prices advancing in all $50 above inside
figures, fuctuated and finally closed nc
higher than on change yesterday. No. 2
was in good request and fair demand,
depending somewhat upon location, No. 1
receipts not saleable for more than the
same prices current for No. 2. Rejected
IN good demand. New mixed, in good re-
quest in certain houses. New high mixed
sold at 564@574c, inside price for an
outside location, when buyers refused to
purchase. Only 10000 bushels were sold
on the call, but &c more had to be paid
than at O'Clock. The inspections showed
the receipt of SO cars, of which 1913 were
of No. or better. The lake freight en-
gagements included room for 10000
bushels.
Oats showed improvement in business,
going off little in prices. There was a
good shipping demand for white OATS.
Consignments were we'll closed out. and
prices were frmer. Mixed oats were rather
slow and easy. Most of the bUsi-
ness was done on the sampIe
market. for the instore OFFERINGS