Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-02
CHICAGO.
Especial Telegram to the Globe. |

Especial Telegram to the Globe
CHICAGO, Sept. There has been
| another bear day On Change All grain
markets have been depressed, and the bulls
have appeared pretty much demoralized
on account of the hammering to which
wheat and corn have been subjected.
There has been an immense trade done in
wheat at marked decline. During the
early hours the market did not permit
satisfactory carrying charges from Sep
TENDER to October, which caused the car
riers to deliver out the cash stuff. This,
added to the general weakness, and the
market ruled heavy under heavy offerings
until just before the close, when prices
| had improved about II from the lowest
prices current. The receipts at st. Louis,
and other winter wheat markets were
very heavy to-day, and this had an influence
here. October at one time touched $1,000
and September sold at 984c.The close is 1c
lower for September and &c for the other
options. The receipts were 800 cars, wish
no charters. The shipments, however, were
somewhat larger than usual.
Flour was neglected and dull, and hardly
any trading could be brought out, with the
unsettled and lower grain markets having
more or less influence in keeping buyers
away, and outside parties have very few
buying orders. The quantity on hand
was light and held firm for the better
family and bakers brands, but all shipping
grades were slow and only the lower grades
selling. Bran and all nill stuffs were in
lighter supply and bringing steady prices.
Corn let go its moorfags and dropped
another cent, closing steadier, however.
A very large business was done at
the opening; the offerings we're large, with
but few buyers Under continual pres
sure to sell lower prices than have pre-
vailed for long time were reached. The
weather and large receipts, 8S6 cars,
had their influence. The premium tor
cash over September almost disappeared.
Dwight & Gillette and few receivers were
the only large buyers of this mouth, pre-
sumably to fill shorts. Schwartz 6 Drake
sold heavily for September and October.
Adams was large seller through several
brokers. No cash corn was delivered to-
day, Or upon September contracts. Vessels
were chartered to-day for 100000 bushels.
The close is 1s@2c under yesterday for
the futures, while cash declined 1lc: The
crowd is largely short of both corn and
wheat, and there may be
repetition of the furry recently
experienced in the cat market this meath
unless the shorts are careful.
Trade was quite brisk in oats. The mar
ket was A@1Ic lower for cash, and
slightly easier for deferred futures. There
were liberal arrivals, so that cash oats
we're plenty, and there was no urgency in
the demand for futures. Sample lots were
active, but owing to liberal supply, sell
lers had to allow concessions in order to
meet the views of buyers, and prices were
lower. Under liberal receipts and quite
free offerings, rye declined 1ac.
The provisions market has been fairly
active, and although the deliveries were
large, it,closes suspieiously strong in some
respects. Armour took care of the ribs
aud jumped the price to stimulate his
October pork, and sending it 1870 above
January. Shoneman covered line of 10000
bbls October aud the close on the street
is 1920 bid. On the board prices were
not materially different from yesterday.
During the first hour buyers took with an
expected freedam and sharp upward
turn was witnessed in prices. AS soon as
the orders on the market were filled, de-
mand subsidized, and an easier feeling took
possession of the trade. The mornings
improvement was promptly lost, and at
the close prices were lower than at the
closings Of yesterday for lard, and un-
changed for pork. Short rib sides closed
higher. In the speculative trading Sep
TENDER lard was easier, little irregular,
was ruling strongly early, easier later,
closing 215@5c under yesterdays closing.
Cash was held at September
ruling prices and closed at $8.3O@S.32@.
The general trading was only fair,
with the greatest activity early in the
day.
The opening hour of trading on the
board of trade Mondays will now be $50
o'clock, as on the other days of the week,
instead of 1890 o'clock, as during July
and August. The afternoon call will be
resumed September 10.
At the stock yards the cattle trade
opened extremely quiet. The run was
rather larger than usual for a Saturday,
and as buyers generally were pretty well
loaded up, sellers found some difficulty in
closing out without sacrificing prices. No
one was willing to make any
concession, however, and the
trade dragged along at about
steady prices. The quality was very
poor average. There we're a few scatter
ing droves of ripe steers, but range cattle
and common and medium natives made
up the bulk of the offerings.
In hogs trade opened quiet at stronger
prices, some of the early sales indicating
an advrnce of sc. The stronger feeling
was the result of the late arrivals of the
stock trains on some of the roads, The
market soon feel back to Fridays prices,
where it remained. All ofthe merchanta-
BILE hogs changed hands, and the feeling
was steady.