Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-03

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markets, both corn and provisions
having separate reasons for tax
ing the same course. At
O'Clock values we're PIC under those
current at the close of Saturdays business,
August selling at STOP. On the call the
weakness was supplemented by an almost
PanIcky feeling and further loss of . a.
&c was sustained. July closed at 9718c
and August at $1.0118. A million and
quarter changed hands at the reduced
figures. On the curb later August was
freely offered at $1.01 with no takers.
Sixty-one cars were received to-day. The
shipments were $500 bushels and the
charters for 10000 bushels. There are
reports tonight from Minnesota of the
hot sun scalding and blighting spring
wheat, which, if confirmed tomorrow, may
have some effect, but otherwise the out
look is for lower prices all round. 623 of
the $50 points heard from to-day re-
port the wheat now in head;
112 out of 314 state the general condition
of the crop to be the same as at this date
last year; at 179 it is better and at the re-
naming 70 1t Is not so good.
Large offerings from the opening to the
close had the effect of completely demon
alizing any attempt the bulls might have
made to rally corn and the consequence
was steady decline to the lowest point
yet seen. The weather is hot, receipts
large, $50 cars, and little inclination is
shown to buy. With other markets tumb-
ling and these bear arguments to work on
it will be hard to get any rally on corn for
the present at least. The bears are free
in their predictions of 45c corn and as yet
they have it all their own way. Still, with
the great shortage out, there may be
large scare any day. On the board to-day
large speculative and fair shippers bust
ness was transacted, at a decidedly
lower range Of values. Parties who had
bought at the lowest prices of Saturday
were al unloading early. The market
opened weak 4c under Saturday, declined
with some fluctuations 81 Sc and finally.
closed at about the inside. A flood of
offerings on call knocked off 15a3Ic
more and early futures ended the day we'll
under SOC, July selling at 4715c and Au-
gust at4815c. A million and half bush
els went at these figures, a full half being
for August delivery,
Cash and July oats are firm because
they are manipulated and everybody is
afraid to sell.OThe longer futures are
weak. Speculative trading was largely
in July. This future sold &c lower
early, but there was !good demend from
shorts and the market reached Sci over
the inside and finally closed 38c better
than Saturday. The offerings were light.
The deferred futures sold 35@15c lower
and closed at about inside prices. At
the close the market was
weak all round and on call sold off 10 $5c.
July closed at u and August at 2S94.
Rye did not change materially and was
ve=y quiet.
There was considerable business trans
acted in the market for hog products to-
day, but the feeling was unsettled ana
weak and material reduction in prices
was submitted to on all the leading de-
scriptions. The circumstances surround
ing the trade were decidedly unfavorable
to holders. The receipts of hogs were
very large for the opening day of the week
and prices ruled easier, while the delivery
of the product on July contracts were very
large, and in some instances were thrown
on the market again. The market open
ed rather easy and ruled unsettled
and weak during the great
o. n~-T n 70
quite liberal for future delivery. The
shipping demand was fairly active, but
buyers were somewhat conservative
in their views. The quality of hogs now
being marketed attracts considerable at
tentlon, the average weight for the month
OF July showing an increase of 26 lbs. over
the returns for last June. Foreign ad-
vices indicate steadier feeling, and lard
in Liverpool was quoted Cd higher. East
ern markets were easier, and prices in
clined in favor of buyers. The receipts of
the product were fair and the shipments
quite liberal of all kinds. The offerings
of pork we're quite free, and the speoula-
comparatively steady at 2115 % SC decline on
the closing hgures OF Saturday, but
the offerings exceeded the demand, and
prices gradually reoeded 4O@50 on the
whole range. During the latter part of
the session steadier feeling prevailed,
and prices rallied so 1Uc, but closed rather
easy. The shipping demand vas moder-
ate.
A good business was transacted in the
lard market, but prices were very irregu-
lar. The offerings for future delivery
were liberal and the demand active. At
the opening the market was comparatively
steady at 10@15c advance per 100 pounds,
but soon weakened and prices receded Is
02Oc per 100 pounds. During the latter
part of the session the feeling was steadier,
but no material appreciation in prices was
gained. The shipments were quite liberal,
about 1000 tieroes, of which LOO tierces