Daily globe., 1883-06-30


fell off somewhat, the market ruled frmer
and prices were advanced 118@115c with
August showing the most strength, again
weakened, declining slowly about B@1c,
f1uctuated and finally closed about 18@
1870 lower than the closing on change
yesterday. On the call July and August
sold off badly under rush to sell, but the
large futures were very firm. There were
SO cars received and less than 5000 BUSH
els reported shipped. While good many
local operators have been buying for an
upturn, yet it is predicted the prices will
open lower tomorrow. Poole, Kent & Co.
are advising their customers to hold off
for the time being. They say they admit
not having the foresight to say just where
the turning point shall bs, but those who
have held aloof from the short side thus
far they advise to consider the opportuni-
ty lost, for considerable reaction might
come quickly.
Corn was unusually active o-day. Large
offerings were the rule, which were readily
absorbed for while, but the crowd failed
to stand up under continuous selling by
large houses, and the market gave way.
Walker was again large seller of August,
as were one or two other houses. Lester
bought few of his shorts in, but he. as
we'll as all the prominent shorts, have in
creased their lines. Receipts are large, the
weather fine, and wheat week, all of which
helped the beaFS- At the close of the morn
ing session the situation looked decidedly
lower, and reaction is expected as long
as such strong men remain on top of the
market. At one time to-day there was
rally of 1@ &c, but this was all lost, and
the close on the board was 29212c under
yesterday, which liberal offerings on call,
and the sale of 925,O00 bushels increased
to 2G3c. Hobbs 81 Kershaw were buying
on the call. There were 392 cars received
today and 10000 bushels shipped. The
charters were for 105,000 bushels.
No. 2 oats in store were frmer. Sales
were made at 3215@3224c for car lots,
which was 1a@4c advance over yester-
days price, and a round lot brought 33c.
There was fair shipping demand. Other
grades cash oats were quiet, and sample
lots were in fact dull and easy. Specu-
lative trading was fair early. Little was
doing about the middle of the session, but
| more interest was shown in the market at
the close. June opened 20 &c lower, but
advanced 1c and finally closed &c better
than yesterday, and at slight premium
over July. July opened 1000 lower,
reacted &c, and finally closed 1s@4c
lower. The market was lower all round
early, on account of weakness in the lead
ing markets. Vessel room for the ship
ment of 225,OOO bushels was engaged to-
| day, and 107 cars were received.
Rye was quiet but l4@15c lower at close.
Considerable activity was noticeable in
the market for hog products to-day, but
the feeling was greatly unsettled. Early
in the day there appeared to be more pres
| sure to sell, especially on speculative
account, and prices ruled lower on all lead
| ing descriptions. About the middle of the
| session sharp reaction set in, the demand
was more active, and the parties who were
short purchased with considerable free
dom, and prices were rapidly advanced to
| outside figures. At this point the offerings
back to medium figures of the day and
| closed comparatively steady. Foreign ad-
vices still continue unfavorable, and a
further reduction of Sd was noted in lard.
| Receipts product were fair and shipments
of all kinds liberal and widely distributed
The market for mess pork was greatly
unsettled and prices ruled irregular. Ear
lvyi Iou he of
the demand only fair, resulting in 25@3 3Oc
decline 1.-the closing figures of yesterday.
Later there was more pressure to buy, the
competition for the offerings brisk, and
prices rallied 40@45c. During the latter
part of the session an easier feeling was
developed again and prices receded $50
20c and ruled with considerable Irregular
ity with smaller range to the close. Call
values ruled irregular and lower for
the near futures. July pork is 1715c
| cheaper thanAast evening, but the deferred
futures are so 10 higher than then. War
rem, Cudahy and others have been large
buyers to-day and the steadiness of prices
at the close indicated feeling that would
quickly respond to any encouragement
dHu FdACo PIIooo materially. armour
is working on the bull side, and the July
deliveries now being provided for there is
| seemingly little or nothing to occur to de-
press values of products at present.
Speculation to-day on lard was brisk,
but prices ruled with considerable irregu-
larity. The market opened weak at 5@
71ac decline per 100 ponds on the closing
figure of yesterday, which was followed by