Daily globe., 1883-06-05
WHEAT A VERY BAD SUFFERER.
Little Doing in Corn, and Prices De
cidedly Off.
PROVISIONS SHOW A WEAK SIDE.
The Stock Market Somewhat Active.
and Large Sales Recorded.
CHICAGO.
Especial Telegram to the Globe. I

W
Trading active, more than the average
amount of business being done, but the
feeling in regard to values of all articles
was weak. Prices opened lower. Wheat
was quoted lower on seaboard and English
markets. while the inspection showed the
arrival of 105 cars. The weather was clear
and pleasant, and speculative operators
we're inclined to realize. This started
food of offerings which affected all com
modities. The feeling was not improved
any By tie fact that some of the most
prominent longs were selling, and ru-
NOR was current that they were endeavor-
lug to unload. Toward the close of the
day there was q good deal of excitement in
the trading but most especially in wheat,
which has largely engrossed attention. 1t
seemed as if every infu-
ence favored the bears in
this cereal to-day. Even the crop of ex-
potts assumed an encouraging color, that
from the north and northwest being es-
pecially promising, the only bad reports
coming from sections where the story of
damages has been repeated so often as to
be stale and without special influence. The
outside orders were small, and hardly a
bushel of wheat-only 533 bushels-was
shipped out of the city. The demand was
entirely to cover shorts or for scalp. The
decline in prices was marked. The first
sales on the board were made at 38@ 5ac
lower than at 10 o'clock Saturday, and the
balance continued to fall of, with slight
fluctuations an additional 15c, then rallied
on the winter basis, aud closed at o'clock
&c lower than at the same time Saturday.
There was a still greater rush
to sell in the afternoon, and
a further decline of 4@$8c was
established. On the call 229,O 900 bushels
changed hands OF which $1,000 bushels
were Tor July and $4,000 for September
delivery.
The -four trade was Hfeless. There was
scarcely any inquiry from any source, and
It has been one Of the dullest days wit
messed for q long time.
There was = good business transacted
IN the corn market to-day, although the
speculative market was not as active as
on Saturday. Crop adyices we're better,
and the receipts heavy -847 cars, Of which
81 we're Of Mo- or better. The feeling
was weaker and most of the approYement
Of Saturday was lost The market opened
i cent lower, ruled easy and then rallied
Il cent, became weak and declined $8d15
cent, again rallied, and finally
closed at 34@1 cent lower than
Saturday. Shippers bought quite
freely at slightly lower prices. On the call
655,0GO bushels, largely of July and August
deliveries, were sold, the market then be-
ing 118c lower and the offerings free. There
was falling of of vessel charters to-day,
room but for $4,000 bushels being
chartered, but rail shipments amounted to
9,O33 bushels.
Oats were comparatively quiet. Specu-
lative trading rather light. Prices were
easier. Liberal receipts and lower prices
for leading cereals had rather weakening
influence. At the decline, however, the
market was steady. In store cash oats
were quiet, little easier, yet not mu ch
changed. Sample market dull and weaker.
There were liberal offerings. During the
latter part of last week large shipping or
ders were filled and to day the demand was
somewhat lighter. Future deliveries were
quiet, with prices 15935c lower than the
closing of Saturday. Another decline of
&c was suffered on call, but brought out a
good demand, $4,000 bushels, mainly of
the July future, selling. The receipts in
spected were 1873 cars and shipments 1S3,-
342 bushels. Vessel room was chartered
for 5000 bushels only.
Rye was quiet and tame. There was
not enough offered to cause much of a
change. The arrivals were liberal but
good deal Of rye is being held against con-
tracts and the offerings were not large.
Sample lots slow and easy. Room was
chartered for shipment by lake of 10000
bushels.
Of barley there were fair receipts and
larger offerings. The offerings were about
all of sample lots, The demand was light.
Besides, buyers looked for low prices and
the market was very dull and weak. The
in store market remains nominal.
A good speculative trade is reported in
the market for hog products, but the mar
ket was greatly unsettled and prices irreg-
ular. The speculative offerings were free
and the market opened weak and during
the early part of the session a material re-
duction in prices was submitted to. Later
the market was steadier and prices slight
ly recovered and closed steady. Shipping
demand moderate. Foreign advices rather
uafavorable to holders, and prices were
reduced Sd on lard. Eastern markets
rather weak and prices were easier. Re-
celpts of product were fair and shipments
were quite liberal, and the demand quite
active. Prices ruled weak and declined
l5@2oc on the whole range and closed
comparatively steady The demand for
lard was quite active and the offerings lib
eral. Prices ruled weak and declined 10
@20c per 100 pounds, but rallied 215@5c
per 100 pounds and closed steady. Cash
in light request. In the afternoon the
tone of the provision market was shade
steadier and pork brought about 215e more
and hogs still on. the down grade. The