Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-06
A General Reduction in Values All
Along the Line.
A BULL MARKET IN WALL STREET.
All the Leading Shares Considerably
Higher-Granger Much Sought
After.
CHICAGO.



caused brisk buying, but other markets
have been weak and lower. The receipts
all round were lighter than yesterday, aud
wheat opened this morning with consider
able strength at about yesterdays closing
fgurss, bu5 was staggered at once by the
throwing out of a million bushels of No.
vember for Ira Holmes, the king of the
scalpers. There was then an immense
pressure to sell, and hoavines5 was the
feature to the close, with only an occa-
sional showing of strength. At 1 O'clock
values were at the lowest point touched
yet, but on curb in the afternoon the
shorts feared they had carried matters too
far, and there was a general disposition
to buy which advanced prices sharply,
October receiving full cent of the loss.
Corn closes higher and seems strong,
curb figures being 20 over yesterday.
Provisions were terrible weak all day,
helped so by sales of Armour and the
Chicago Packing and Provision company.
AS in cereals, however, the curb shows q
better feeling. January pork has veered
around frem discount Of 35e to a pre-
MUM Of 10c.
President Arthur visited the board Of
trade at noon and talked briefly, as did also
Secretary Lincoln. They were received
with considerable enthusiasm.
On the board considerable interest GEN.
tured in wheat. large business was again
transacted and the market ruled active.
The feeling was unsettled and prices
touched the lowest point yet reached.
Market advices from other
points quoted wheat weaker. The receipts
were fair, but showed somewhat of fall
ing OFF as compared with previous days of
the week. The market opened at about
the closing prices on the board yesterday,
became weak and declined $8@15c, then
rallied under sharp demand about 58c,
but latsr under liberal offerings prices
again took the downward scale and de-
cIined 12lq2c, fuotuated and clos
ed 1880 lover than yesterday.
September at one time
touched 81 58e; October closed at 81 71lc but
was run up to SO Sc on the curb, September
then being steady at 96Ilc and November
$1.00l4. The charters were 62, 600 bushels.
Corn was active and irregular, prices
fuotuating 115@138c during the session,
and at the close was fo better than it
closed yesterday. The first sales were at some
advance over yesterdays closing, with a
pretty fair demand from local shorts,
some of whom covered very large lines.
Prices became strong and September ad-
vanced 10 aud October about 1ac. Bat
when these buyers withdrew, the market
Immediately began to sag, in
fuenced a good deal by the
heaviness in wheat, and September fell
1870 from the highest point and Octo Der
8c afterwards changed some and closed
rather steady.
The car lots of No. 2 did not come on
the market until after the bulge on the
futures was over. The charters was again
large, 100000 bushels and 800 cars were
received. During the afternoon there was
an sdvance of 10 and this evening Sep
tember corn is nominally worth 48Ic and
October sells at 4715c.
Oats do not show much change. This
market was more active and stronger early
in the day, and prices sold
up about 15c per bushel, but
dullness in other markets brought
about free sellers toward the close, aud the
whole advance was lost and the closing e
dull ons. Samples we're plenty, and there
was quite pressure to sell, but the poorer
grades were quite dull.
Rye was frmsr and 1s@4c higher, with
a demand for cash for shipment.
Barley was trlfe more active yester-
day, the heavy decline creating some in
quiry.
A decidedly weak and unsettled feeling 2
prevailed on the market for hog products
to-day, and prices were subject to frequent
fluctuations, and on the whole rang
material decline was established on
all the leading articles. The weakness
was msinly attributable to the liberal re.
ceipts of hogs and a reduction of 15125c
in prices, which encouraged operators ts
enlarge their offerings of product for futur.
delivery. The demand as quite Rcti We
howevsr,lbut mainly from shorts. Livsrpee
advices were unfavorabls to holders, which
had some influence on. the course of tn,
m6rk6t ana quotatlons were reduced Ii on
pork, Is on lard and Sd on, bacon. Re
ports from eastern markets indicated a,
easier feeling in that quarter, and prizes
favored buyers. The recsipt,
of products were fail
and the shipping quite liberal, though not
so large in the aggregate as during th'
previous days of the week. The shipping
demand was fairly active, but buyers rath
er slow to meet the views of sellers. Trad
ing was quite active in the market fo
mess pork, but almost exclusively on spec
ulative account Offerings for future de
livery were liberal, and transactions chief,
for October and July delivery. Deman'
fairly active. The market opened veal
AMI 25o lower than the closing figures o