Daily globe., 1883-08-04
An Improved Tone in the Chicago
Grain Markets Yesterday.
WHEAT NOTICEABLY STRONGER.
Corn and Oats Also Touch a Higher
Point in Sympathy.
PROVISIONS SLIGHTLY LOWER.
A Better Feeling in Granger Shares on
Wall Street.
CHICAGO
lSpecial Telegram to the Globe. |

were more active and stronger than for
several days past, some advance being
made all round. There was no particular
reason for rally except that prices are
quite low and had 1t not been for bull
manipulation there would have been no
change from yesterday.
Wheat was quoted dull and easier in
London and Liverpool, but there was re-
newell of the old rumor of disappointment
in crops in France. It was understood at
the opening that the bulls had arranged
for an upward raid, and stronger markets
in New York made their efforts partially
successful starting the bears to cover
ing. There was a moderate business
in the speculatives futures, and prices
though trife irregular, were in the main
firm, and at the close August was about
&c higher than it closed yesterday, Sep
tember, October and November L Sc higher.
Early in the session there was some weak
ness, and prices ruled a trifie lower than
yesterdays closing, but later in the day
there was considerable speculative buying,
and prices began to improve, selling up
&c from the lowest point, eased Oft some,
but closed tolerably steady. The demand
was not supported by any outside buying
orders or shipping demand, but the local
buying was by the best class of houses,
which inspired confidence and gave bet
ter tone to the market than for a long time
past.
Corn was moderately active, August clos
ing &c higher than yesterday, September
| 15c higher and October about 58c higher.
The market opened easy and the first sales
were generally at a slight discount on yes
| terday's closing figures, but the inquiry
soon became quite liberal and the tone of
the trade improved. August advancing
fully 1c from the opening and September
improved go, eased off trife, but closed
tolerably firm at the advance above noted.
The cool weather had some influence in
producing the firmness, but sympathy with
the stronger feeling in wheat was mainly
responsible. The demand was largely to
cover shorts, shippers not being disposed
to buy with their customary freedom, but
the bears were bidding literally. Lester
was a large seller, but Dows was heavy
buyer.
Oats were more active and stronger.
Prices were quotable for cash and all
futures, with light offerings of cash and a
lively call for the same, making it easy for
holders to obtain an advance, while the
better tone in other markets was helping
to higher quotation for all futures. No.
2 cash was sought after for 28c for new,
and brought 2815 q 29c for old, while old
No. 2 white was firm at Soc. All samples
were doing we'll, with a premium paid for
old.
The receipts of rye were quite fair, but
ket ruled stronger, with higher prices
paid for cash, and the deliveries were
firm.
There were 10 receipts of barley and
the market was entirely nominal.
There was a good speculative business
transacted in the market for hog products
and fair shipping demand prevailed but
trading was not fully reported. The feel
was stronger in general way, and prices
were advanced on all the leading descrip-
tions and moderately we'll supported.
Shorts pu released with considerable free
dom, and there was a fair number of or
! ders received to purchase for outside par
ties. The receipts of hogs were quite
large, and prices decide dly lower, but this
fact appeared to have no influence on the
market. Foreign advices showed a quiet
! feeling in that quarter, with no material
change to note in prices. Eastern markets
were steadier, with prices favoring
sellers. The receipts of product were fair
and the shipments quite large of meats,
but only fair of pork and lard. The in
quiry for mess pork was moderately active
and the offerings were fair. Operators
appeared to be somewhat anxious about
their outstanding contracts, and trading
at times was quite active. The market
opened firm at 10 to 1215c advance, and
was soon followed by further apprecia-
ton of to 7115c, but the latter was quickly
lost. During the latter part of the ses-
sion stronger feeling prevailed. Prices
were advanced Is to zoe and the market
closed comparatively steady. Shipping
demand moderate in the way of filling
orders for small lots. Cash rather quiet
and quotable at $13.25 to $13.371S.
Cudahy bought September pork and
Fairbank & Hutchinson October lard.
There was good trade reported in the
lard market, and a frmer feeling pre-
vailed. Spectators were inclined to do a
little more business, although the shipping
demand was light. Prices ruled stronger,
and were advanced with frequent slight
fluctuations 15@1715c and the improve
ment was moderately well maintained.
Cash lard ruled rather quiet, being quot
able at $S.4O@8.521a.
Some 22,500 live hogs were received to-
day, much more than was expected, and
with $500 left over from YESTERDAY, nearly
10000 were offered buyers, and this broke
the market and prices dropped 15@20c,
light lots suffering most. Yardmen say
that the receipts of hogs to-day
were augmented by a shipment from
Kansas City and many operators denounce
the arrangement that omitted holdings of
$4,000 hogs at Kansas City and 5000 at
st. Louis when pork here was $14, thereby
giving Fowler and Armour full swing
with thar rrivofn inf T,ba