Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-27
CORN THE ONLY STRONG MARKET.
Provisions A Little Off Color, and Deal
ers Afraid to Touch Them.
1 DULL DAY IN WALL STREET.
The Changers in Demand and the Van.
derbiltS Weakening Perceptibly.
CHICAGO.
Especial Telegram to the Globel

confidence to-day. The number of dis
patches showed very little increase, and
were still slow in arriving, yet they were
received more correct, showing that the
present force of telegraphers are gradually
becoming more accustomed to commercial
work, and dispatches were received from
all the principal markets and more reliable
quotations given.
Quite fair volume of business was done,
but generally at a lower range of prices,
except for corn, which is held firm by the
shipping demand. The receipts of new
wheat are increasing, forty-four out of
seventy one cars received to-day being new
winter, and 482 cars of corn and 123 of
oats were inspected in, ard shipments
were reported of $4,000 bushels wheat,
244 bushels corn, and 10000 bushels oats,
and the charters were 10000 bushels
wheat and 205,000 bushels corn. Yester-
days advance in wheat was more than the
market could stand, having brought too
many shorts under cover and caused too
many to see profit in selling. On the
board to-day this market was some
what unsettled. Business opened with
strong feeling, and the first sales made
brought yesterdays full closing prices. AS
the day advanced, however, the trade
weakened. The prices prevailing deYel-
oped an unexpected desire to sell, especial
ly on eastern account, and under excessive
offerings declining movement was wit
messed. The downward turn was also
marked by rather frequent fluctuations,
which afforded good opportunity for
liberal speculative trade. The best prices
of the day were obtained at the opening,
and the lowest late in the day. The clos
ings were 1@11sc under yesterdays fig
ures. In the trading September was the
leading future. Foreign advices were
again favorable. st. Louis parties
have been free sellers here to-daytsa
Flour was quotably steady. and with
quite good call for the property noticed,
with more orders from outside, and the
home trade are looking about and stocking
up to a greater extent. The supply is
light and exporters have found it difficult
to supply their wants of good bakers
brands and are selling more low grades
than anything else. Bran and all millstuffs
are slow and sold lower.
Corn was the one active market. A
liberal general business was transacted,
and the cereal buyers of all classes took
hold freely, and during the first half of the
session the market was characterized by
more activity than at any time during the
4oIo A.
price of the day prevailed during the
morning. The last hour of Change, how
ever, was only moderately active. Still
the days range was higher than that
of yesterday, though the closings
en- the futures were 10 lower for August
and 1sc for the later months. Year and
May were shade higher. Cash corn was
active early, and a major portion of the
offerings were sold when prices we're rul-
ing at their highest range. No. 2 closed
shade stronger than yesterday, but the
other grades were trifie easier.
Oats were easier, there being less de-
mand for July and August and more dis
position to sell. Some large lines of July
were sold, which served to depress the
market. In the shipping market steady
feeling prevailed. The arrivals we're large
and there was better supply, but the de-
mand was good. About former prices
were obtained for sample lots, and No. 3
white were salable at sec, bat there were
no offerings. The speculative demand
was only moderate. The demand
for future deliveries was hardly
up to the offerings, and there was weak
ening in prices all round. Car lots Of No.
were 36@Hc lower and the options
4@38c lower.
Rye was firm and a shade better. There
was the usual demand for car lots of No.
?, and 15c advance was paid. There was
also some shipping demand, and round
lots centrally located sold at 5712c. The
futures were in fair request for specula-
ton, and there was also some demand to
Offset round lots of cash sold.
No. September barley again sold at
75c. So far the market remains steady
with the demand and offerings about
equal, both being very light. No. 3 for
future delivery was mentioned, but only
IN casual way, and the bids and offers are
as yet too wild to make the market quot
able. There was no cash barly to trade.
Thereswas an increased business report
ed in the market for hog products, but it
was mainly on speculative account. A
few more orders were received from out
side parties and there was also an increas
ed demand from local spectators, more
especially during the early part of the
day. The receipts of hogs were larger ani
the quality not so good, but the marke
was frmer and prices higher, which exert
ed some influence on the course of thu
market. Liverpool reports showed
stronger feeling in that quarter, and bacol
and lard were quoted higher, and the re
ports from eastern markets were q l1ttl
: more favorable to holders. Trading wa
mainly on speculative account, and shiI