Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-08
EHEiiAEu.

CHICAGO, Oct. 6.-The bears were in full
sway to- day and in the board of trade a
| lower range -af values was effected on all
the leading speculative markets. Flour
was quiet and trading light; still better
| feeling was noticeable in trade and it Is
said good quantity conld be handled
we're the stock here and ready for imme-
diate delivery. The home trade were buy
| ing very little, but Canadian buyers were
looking about and picking up consideza-
! Vie good bakers stock, and the expert
! buyers we're bidding firm prices and would
take considerable good to low grade were
it to be had. Rye -four slow.
Bran and ali millstufs were holding at
steady prices. Among the sales were 125
barrels double spring extras, 100 bags
Minnesota bakers at $475, IS barrels
Pittsburg straight on P. l., 100 sacks B at
$4.25.
Winter wheat was dull and lower. IN
Spring wheat there was a fairly active
business, but prices were weak and lower.
November closed about l cents lower
than at l o'clock yesterday, and December
about / Il cents lower. The cables re-
ike feeling among the local opera
tors WAS decidedly bearish, and with
very few buying orders to support the
market and general disposition to sell.
The market ruled weak, opening 12c lower
than at l O'Clock yesterday and fell &c
more, then fuotuated slightly and closed
weak. Receipts we're only rather moderate
and offerings rather liber.l. We are going
into winter quarters with an immense
stock il store and there ara no indications
whatever for the property. The tendency
is downward. November touched the low
est point to-day of the years crop. The
outlook is gloomy, and many strong OPP
orators are selling short. Vessels we're en-
gagged TO carry 10000 bushels.
Corn was fairly active but lower, Octo-
Der closing about 2{c lower than yester-
day, November about 10 lower and year
about 15c lower. The first sales were at
almost the closing figures of yesterday but
soon began to weaken in sympathy with
the weakness in wheat which induced heavy
offerings and prices finally fell 12@5 &c,
then fuctuated slightly and closed weak at
the decline. Receipts are too large for
any deal but still it may be inaugurated
Everingham does not see sufficient for
eign demand to justify any advance at
present and Kent sees no reason
to change from the bear side, but advises
customers not to follow the short side very
much lover.
Oats were weak and quiet strongly de-
clining, and there were so few buying
orders that there was little effort to check
the market on the down turn with he gen
eral depression in grain helping to more
free selling and lower range. Samples
were going out fairly, but at lower range
of prices.
Rye was dull and lower prices ruling,
with cash re. per bushel OF, and all fu-
lures were slim and shaded to sell. Sample
lots were quite dali.
Barley continues greatly depressed. and
there is seemingly no change for any pres
ent recovery with heavy offerings of cash.
AID for which there has been so little
cali that it has been impossible
to move the stock. Best grades were being
placed in store, but the poorer stock Was
selling on track at exceedingly lew rates,
as the only way to work them off, and in
in spite Of eli that could be done there has
been steady piling up of stock as unsala-
bic. Samples were going out slow, and
| III y hT1-k
to take the poorer grades.
There was a big break IN provisions
| There was but a moderate business trans
acted, and prices were lower all round but
more especially on tho October option
| Offerings OF nearly every thing
were quito liberal for future delivery.
ard while there was not the same degree
Of weakness to-day as was the strength
yesterday the feeling was easy thfoug hout
The receipts of hogs were good, and iber-
al supplies are anticipated The coming
week. The shipping demand for product
was fair.
Pork was active and The market weak
the October option selling of Gee below
| the price current at the close of change
yesterday. while November was 35c lower
and January 2O@2215o lower. Offerings
of nearly all options were il excess of the
demand. Cash was qniet at fall Oc5obel
prices. An unsettled feeling prevailed
and prices factuated considerably. Tht
shipping demand was moderate. Hutchin
son bought line of January pork al
$1L22H. Warren sold 100000 pounds
of January ribs at 1918. At the close
Armour paid $3.50 for October ribs, which
was an extravaganza price, as they had JUS
sold at 1913. Hogs were higher at the
close, With an estimate of $4,000 for Men
day and 100000 for next week.
Lard was comparatively quiet and prices
were easier. The October opsion was sell
ing eff SOC per 100 pounds below yester-
days closing figures, but reacted some
and closed at a decline of 20c. The larger
options were 71a@1Oc lower and rather
quiet. Cash was in fair demand by loca
rafners aud was helo firm at small, pre-
MUM over October. hutchinson ham
mared the market down Csc, and later OF
turned and bid it up zoe. Amman & Hutch
inson are having plenty Of fun, monkey
ing with the market, and there are tbos,
bold enough TO predict that one or tht