Daily globe., 1883-08-02
The Chicago Grain Markets Manifest
Considerable Weakness.
THE BEARS POUNDING PRICES.
Favorable Crop Reports Have De.
pressing Effect all Around.
PROVISIONS ALSO DULLER
Speculation in Wall Street Fayoring
Bears, Except in Northern Pacific.
CHICAGO.
Especial Telegram to the Globe. /

'change to-day were moderately active,
but feeling nervous and unsettled, prices
closing at further decline. There is yerv
little to be said concerning the business of
the day, except that it dragged along with
out any particular life and was as whole
OF very unsatisfactory nature. Thus far
the week has been a discouraging one.
The wheat pit on the board was a quieter
place than usuaI-in this cereal there was
no increase in the trading yesterday or
Monday. Traders we're in fair attendance.
but rather conservative feeling controlled
their movements and the business reached
only moderate volume. The
trading was also spasmodic, being quite
active at times and then provokingly
quiet, The market, however, was weak
and the Quotations we're lower than yester-
days range, closing I@1c lower. Sep
temher was the favorite future with trad
ers, though the interest in October and
November exhibited some increase the
general trade closed inside prices, the last
quotation on August being 81 :0O15. Sep
TENDER commanded &c premium and Octo-
Der Sc. There was 112 cars inspected in
to-day and 1000 bushels shipped. The
sPasmodic rallies were due to bull mani
pulation by parties working to place their
August holdings in future options.
Flour continues slow and very quiet.
Outside orders have been Withdrawn for
everything but the common grades, and
local buyers were unwilling to purchase.
Dealers were hardly paid for showing sam
pies, and would have allowed reduced
prices for nearly all qualities where by SO
doing sales could have been made. Bran
and all millstuffs were IN light request and
selling slow.
The corn market was again easier Fav-
orable weather for the growing crop, en-
couraging reports from the country and
apparent falling off in the shipping de-
mand continued to develop a weaker feel
/ ng, and the movement favored buyers al
most throughout. Trading opened Ia Ic
under yesterdays last figures, and after
ruling comparatively steady for
aiEtime sold considerably down.
During The last hour the depression was
more marked than at any former period
of the day, and both cash and the futures,
the market closed at inside prices. Cash
Suffered decline of 15@58c, and the
speculation market weakened %6%c.
August is quoted at 1899. The receipts
were not large, being 474 cars, against
So yesterday, while the shipments were
$4,000 bushels, and the charters 100000
bushels. Large amount of corn seemed
to be wanted TO day at SOC, and when that
point vas passed buyers did not seem so
anxious.
There was good local and shipping de-
mand for old oats, both in store and on the
sample market. They we're firm; cash No.
2 in store closed at about 2815c. New oats
were quiet at 274@27$5c, and demand for
these limited. Sample lots of old sold well
and ruled firm, but new were rather slow.
The arrivals all told were only moderate.
At the opening the market for August was
weak and declined 3ac. This was followed
by frmness and &c reaction, and the mar
ket finally closed without essential change.
September and October deliveries were
both shade better, and year did not show
much change. The receipts were small
seventy cars, and the shipments $4,000
bushels.
There was very good speculative de-
mand for rye and there were fair shipping
orders. The offerings were only moder ate
the market was firm with the deferred fu-
lures closing a shade higher.
There was 10 trading in barley. Opera
tors were busy discussing the proposed
change in the inspection rules governing
the grading of No. barley.
The friends of hog product had another
sorry experience to-day, made break and
weak closing being the record. Traders
when they did anything favored selling.
Hogs we're 5910c lower and in good sup
ply, 1900 arriving while 10000 are ex-
pected for tomorrow. Trading was only
moderately active Spectators
were apparently not very anxious
to engage actively in business and ship
pers were rather slow to take hold. Or
ders from outside parties were not very
large and local operators were not inclin-
ed to do much business. Foreign advices
were less favorable to holders and prices
were reduced Sd On lard and bacon in the
Liverpool market. Eastern markets show
ed no particular strength and prices gen
orally favored buyers. The receipts of
produce were fair and the shipments Of all
kinds quite liberal. The deliveries on
August contracts were fair of all the specu-
lative descriptions, but understood to have
centered in strong hands. The market
was comparatively easy during the
greater portion of the day and prices
averaged lower though fluctuations
were confined within a moderate range.
The demand for mess pork was only mod
erately active and the offerings only fair
Trading mainly on local speculative ac-
count. Prices on tine whole range favor ed
buyers. At the opening the market was
sasy and prices 215@5c lower, but under
the influence of g fair inquiry to fill orders
prices we're improved 59715c. Later the
feeling vas easier and prices reSeded SOC
35c, and ruled rather tame to the close.
Shipping demand rather light,apd orders
chiefly for small quantities. Cash in
moaeTete request and quotable at $1325