Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-06-02
Lively Trading on the Chicago Board
Yesterday.
CEREALS GENERALLY STRONG.
A Slight Decline Recorded in Wheat
For Future Delivery.
PROVISIONS SLIGHTLY WEAKER.
An Active Movement in Stocks on Wall
Street.
CHICAGO.
Especial Telegram to the Globe. I

CHIOAGO, Oune 1'--Sulue lively buSl-
ness was transacted on change to-day.
Values were again very unsettled, ruling
better than during the later hours of yes
terday, but receding before the close and
ending the day at only a trife advance on
nearly everything but wheat. The trading
IN wheat was of the usual scalper order,
buyers being in almost all cases perfectly
willing to sell again at a small profit. The
settlement of the iron mills troubles was
used to strengthen provisions, and posi-
bly, prevented break, as the market is SO
shakY that anything tending to lessen the
demand to the least extent has a depress
ing influence. There were very large de-
liveries of pork and lard on June con-
tracts to-day, and many trades were
changed into July.
A furry was caused on the board by the
announcement that McGeoch & Co. had re-
jected 22,5O0 tierces of Fowler Bros lard,
which had passed the inspector, who say
the first intimatjon they had of anything
wrong was a notice of the rejection. The
stock had passed the inspector and was de-
iivered this forenoon. 1t is an unusual
occurrence, which the rules of the board
anticipate by providing that the firm guilty
of such conduct shall either pay or walk
the plank. The question is one for the
board to settle il itself. It will probably
not be disposed of for several days. The
inspector Of the board says that the in
spection was thorough, and that there was
no Information at hand to warrant the
Withholding of certificate. Such things
occur only when there is secret informa-
ton that the inspector cannot get hold of
EVeringham said this afternoon: "It is a
fact we have refused to receive the lard as
regular. We have what we deem sufficient
evidence that it is not regular. By not
regular we mean that ii is not standard
The standard quality is known only as reg
ular. can't say anything more on the
subject YETI
S. W. Richardson, Truman Handy's
late partner Is very anxious that the affairs
of the insolven5 firm be settled. Some
time ago he fled 4 bill in court to bring
about an accounting and an order was
entered yesterday by Judge Tuley referr-
ing the case to T. G Winks, master in
chancery, 10 take proof of all claims
against the late firm of Handy, Richardson
& Co. All persons having claims against
the firm are to present the same for al
iowanee befor the master.on or before the
first Monday in July.
In the wheat put on the regular board
quite an active speculative business was
transacted. Early in the day, influenced
by fine bright weather, the offerings to
sell were quite large and the market rather
weak, and prices declined 58@Mc below
the closing figures on the call board Satur-
day afternoon. Later it ruled stronger
under a better demand, due somewhat
to an improvement in neighboring winter
wheat markets, and prices we're advanced
1A@115c, but again weakened, prices de-
clining under renewed pressure to sell &c
from outside figures, fuctuated and finally
closed &c lower for July, &c better for
August, and lc lower for September than
on change yesterday. Only moderate
afternoon business was done. But 100000
bushels changed hands on the call, fea-
ture being sharp inquiry for September
of which 305,000 bushels were taken. Most
of the remainder of the trades were in
July and October. The prominent longs
were not conspicuous buyers, several of
them selling more than they bid in. The
receipts were trife larger, 100 cars being
inspected in, and there was little shipping
demand except few small orders for red
winter, and of grades of spring. The
main buying by the bull crowd was done
when prices touched their lowest point,
when for a time they gave the
market liberal support i The shorts also
took good deal at this point.
Flour was firm but was entirely feature
less, the only trading being on behalf of
home operators. The stock here is report
ed at 62,972 barrels, against 64,6O2 bar
rels month ago, and 73,43O barrels June
1, 1882.
For corn there was good shipping ana
an active speculative demand, and large
business was again transacted. The
weather was warmer, clear and pleasant,
and at the opening the feeling was a little
easier, prices receding about sc, but IN
der speculative demand prices gra dually
improved, and with smaller receipts, a
still further improvement was established
prices advancing in all 1sc above inside
figures, fluctuated and finally closed nc
higher than on change yesterday. No. 2
was in good request and fair demand,
depending somewhat upon location, No.
receipts not saleable for more than the
same prices current for No. 2. Rejected
IN good demand. New mixed, in good re-
quest IN certain houses. New high mixed
sold at 564@574c, inside price for an
outside location, when buyers refused to
purchase. Only 10000 bushels were sold
on the call, but sc more had to be paid
than at 1 o'clock. The inspections showed
the receipt of $40 cars, of which 1913 were
of No. or better. The lake freight en-
gagements included room for 100000
bushels.
Oats showed improvement in business.
going off little in prices. There was a
good shipping demand for white oats.
Consignments were we'll closed ont. and
prices were irmer. Mixed oats were rather
slow and easy. Most of the bUsi-
ness was done on the saropIe