Daily globe., 1883-08-12

prices. There was good shipping demand
and, although there were free receipts and
liberal offerings, cash rye met with ready
sale. Sample lots in fair request.
In barley there was no speculative inter
est and an almost entire absence of cash
demand. The market was dull and neg
lectad. A few sales were made by sample,
but there was so little demand that most
sample lots had to be carried over. The
first samples of new timothy were offered
on sale to-day from Missouri, and, being
bright and little hulled, was held we'll
above present cash prices. A liberal
movement is looked for soon, and a fine
quality promised.
In the provision pit another bear day
was witnessed. The trading was active,
but the desire shown to sell was even more
urgent than on yesterday, aud the trade
was kept we'll supplied with all descrip-
tions of property. There was
no particular excitement, but
the feeling was nervous and from the open
ing to the close there was a general want
of confidence. Hence, as might be expect
ed. the course of prices was downward,
and pork, lard and short ribs closed ma
terially lower than on yesterday. In the
speculative trading October was the lead
ing option. though year and January pork
and lard sold with more freedom. Cash
property, considering the depression, was
in good demand, and sold quite freely
Liverpool reports indicated an easier
feeling, and eastern markets were easier.
There was good inquiry for shipment,
but buyers were slow to meet the view of
sellers. The receipts of hogs was double
the expectations.
A fairly active business was reported IN
the market for mess pork, but the feeling
was unsettled and weak during the greater
portion of the session. The Of
ferings were quite liberal at
times, and the demand moderately active
to provide for outstanding contracts. The
market opened rather weak at slight de-
cline on yesterdays prices, and was fol-
lowed by gradual reduction of 4O@45c
on the whole range. During the latter
part of the session the market was COM
paratively steady at the decline Ship
ping demand rather light. Cash quiet.
October pork closed on the curb at SI2.35,
Lard was in good demand, but the mar
ket followed the same course as pork, and
ruled with declining tendency through
out the day. Opening sales were made at
yesterdays closing quotation to shade
under. The best prices of the day were
also obtained on the first transactions,
while the lowest prevailed around the close.
The days decline amounted to 15@
1712c. A fair degree of activity
was noticeable in the market for hog pro-
ducts during the week, yet the feeling was
nervous and unsettled and prices subject
to frequent, and in some cases, quite wide
fluctuations. The course of the market is
as much of a conundrum as ever, perplex-
ing to The Oldest operators in the trade.
Taking into consideration the surround
ings of the trade, prices of products GER
tainly look reasonable, and compared
with ether fool products, are undoubtedly
cheap. But there appears to be general
lack of ambition III the trade. Specula-
tors are not dlsp ,ss I to make very ex-
tensiye transactions nor remain in the
trade for any length of time, accepting
small losses Or profits, as the case may be,
while shippers confined their operations to
providing for small orders to meet i'm
mediate wants. The unsteadiness in the
market has considerable influence on the
volume of trade, buyers not being inclined
to do much when prices are so irregular
and uncertain. The stocks on hand are
quite large for the season of the year, and
the outward movement in product at pres
ent, while quite liberal for the season of
the year, is not sufficiently large to war
rant their reduction to very narrow limits
before the opening of the winter packing
season. Taking into consideration the
liberal manufactures, com parison of the
prices of hogs and the product leads to the
impression that the latter cannot be pro-
ftably made at current prices, yet that
does not appear to be any inducement to
merchants N consuming markets to re-
plenish their stocks. Current prices for
product and the figures ruling for delivery
during the winter season are now SO near
together that the chances of loss. have Ger
tainly diminished, yet there are those who
are still confident that prices must reach a
lower range.