Daily globe., 1883-08-25
A Lower Range Of Prices ThrOughOu
the Whole List.
DEPRESSION in STOCK TRADING.
Some Of the Views Of Spectators as to
the Future Of the Market.
CHICAGO.
Especial Telegram to the Globe. |

more activity, most noticeable in wheat,
but this was due to the increased desire to
sell and not to any demand. Advices of
largely reduced ocean freights indicated
lighter export demand for wheat. and
sellers became numerous. The bulls seemed
to think the last support of the market had
been Withdrawn with the lessened exports.
Lester and Ream were free sellers, and
under this lead the crowd put out short
line. There were numerous buying orders
on the market at limited prices, which ab-
sorbed the offerings. Had it not been for
this the situation favored larger decline.
The large stock of old whea which no one
seems to want, with indications all point
ing to rapidly increasing receipts,
continues to have bearish
effect upon the crowd and
at the close to-day, and on the curb, since
the close the deposition is to sell rather
than buy. The impression generally pre-
walls that legitimate demand which will
reduce the visible supply, and especially
the stock here, must set in before the
market will exhibit much life. With fine
weather for harvesting and marketing
wheat and unfayorable foreign advices
there was more desire to realize for the
more deferred deliveries, in which trading
principally conferred. Foreign reports
quoted wheat dull and depressed and -four
weaker.
The market opened 1s@4c lower, ruled
steady for while, with a temporarily firm
feeling, then declined g and &c, with &C.
count showing the most weakness fuctua-
ted and closed about IS lower for Septem-
Der and &c lower for October than yester-
day. Advices were received from New
York stating that 100000 bushels of wheat
had been posted as out of condition. This
had some effect on the market here. VIM
ter wheat suffered about 15c decline.
In corn good business was transacted
on shipping and speculative account, and
prices averaged shade lower. The ship
ping demand was confined mainly to high
mixed and rejected. Some No. was also
taken for shipment, but mostly wanted to
deliver on August s-les. The weather was
clear and cool and receipts again quite
large. Foreign advices quoted corn steady
and firm. The weakness in wheat and pro-
visions, however, had some effect on the
corn market. At the opening prices were
B@ II lower, then rallied &c, but later,
under fair offerings. declined Lose, and
finally closed lc lower than yesterday.
The receipts bid fair to continue large
The charters to-day were liberal, 355, 600
bushels. The low grades are still much
wanted for shipment. and cash and August
No. 2 are in fair demand. The further
futures are dull and neglected, influenced
by favorable weather for the crop.
Oats are quite steady, but the receipts
will soon be very large and will test the
market very severely. and under large re-
ceipts prices will very likely settle some.
The trade to-day was slow on speculative
account, and the shipping business done
was only moderate. Rather a dull, easy
feeling pervaded the market, and prices
were slightly shaded from yesterdays
closing quotations. Sample lots were in
good supply. Rejected sold rather slow
and had to be shaded. For the better
grades there was no especial change. Some
oats coming in which are sweating; these
were hard to sell.
There were liberal cash sales of rye, but
the futures were very quiet. Shipping
orders were light, and there was not much
! speculative interest taken in the markets.
There was only 4 moderate business re-
ported in the market for hog produc lots, and
the feeling was unsettled and nervous and
prices ruled with considerable irregu-
larity.
The receipts of hogs were liberal and
prices ruled lower, which induced opera
tors to offer product little more freely
for future delivery and at the same time
made buyers a little backward about
taking hold. Foreign advices were a
little unfavorabIe to holders, and lard
was quoted Sd lower. Eastern markets
were rather dull and prices favored buy
ers. The receipts of product were light
and the shipments of all kinds quite lib
eral. The shipping demand was only fair
The market opened rather weak and prices
ruled lower on all the leading articles, with
little strength to the market at any time
during the session, and closed rather quiet
The speculative demand was mainly to
provide for outstanding contracts. The
scalpers took advantage of the weakness in
wheat to depress provisions at every op.
portunity, and but for some large pur.
chases, the market would have gone ia,
below the current quotations. Armour's
buying was largely centered in ribs, and
report says he took 5000, 900 pounds, the
range being $6.2O@6 55. PORK
was bought with less ac-
tion, but having touched S12
without breaking under, the attention OF
the shorts has been called to it and on the
street. At this writing $12.1O account il
bid. In this latter product of the board
only moderate business was transacted
and the feeling was weak during the
greater portion of the day. The offerings
were fair and the demand only moderate
The market opened rather weak at 5@1Ot
decline, and further reduction of 12%@
15c was quickly submitted to. Later the
market improved 71s@1Oc, but gradually
settled back again and closed rather steady