Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-09-27

cases where the margins were nearly ex.
hausted, the commission mon, acting under
the impulse of sauve qui peut, sold out the
trades at the best prices possible. AS is nat
ural on all occasions of p break of this char
acter, many small holders Of the November
option, who at first refrained from selling
when there was q slight profit in
their trades, held of until it was
too late; then became panic-stricken
and sold out for the best they could. In
this way they unconsciously aided the bear
clique and made 1t exceedingly unpleasant
for the bulls. At the close of the regular
session there was spasmodic stiffening, and
when vi the gong sounded the price was
4 The attendance on the afternoon call was
much larger than usual. Everybody, his
partner, and in the case of the brokers,
many of their principals, were present. The
fellows who had been cleaned out in the
hucket-shops during the break on tho regu-
lar board crowded around the call-room and
blocked up the doors and windows. Misery
loves company, and every fellow who had got
the worst of it crowded and crushed for q
'tcoign of vantage" from which he hoped to
see further slaughter of the innocents. The
market proved to be exceedingly ir-
regular. The November option fuctu-
,ated between $1.O3% and $l.O4L, closing
tame at the outside figure.
When the afternoon bell rang there was q
vigorous rush for the upper hall, and in a
few minutes the battle was resumed. The
intervening lull had been productive of no
good for the bulls. They felt that the OPP
posing force, backed up by capital that had
never yet failed to carry its point when prop
erly consolidated, had determined
zfa TO SECURE VICTORY.
The first concession wasan immediate decline
of %@1@ cent, and this was followed BY q
vigorous hammering, which resulted in drop
to $l.O238-a decline of six cents from the
highest point of the day. AS before noted,
the appearance of an order for September
wheat for export stayed the tide, and at the
close the market experienced slight rally,
the ticker at adjournment standing nomi-
nally at about SLOPPY tsL
Towards shutdown, and after the dust of
the battle had cleared away, there was q very
jubilant feeling on the part of the members
of the Saratoga combination,, three or four
of whom and their friends celebrated the
event over bottle or two of extra dry in one
of the quiet wine rooms near by, where the
'haPPy family are in the habit OF congre-
eating for an Interchange of views on the
situation of breadstufs and provisions.
THE PANICKY FEELING.
MILWAUKEE, Wis, Sept. 24.-The wheat
market presented peculiarly interesting
feature this morning. While foreign ad-
vices continued strong and in favor of still
further advance, local spectators, in COM
mon with those of other Western cities,
seemed to be- of the opinion that
the eliminating point had been reached, and
that prices must rule lower. Hence Novem-
Der opened weak at $1.0S11 e, and after numer-
GUS fluctuations sold down to $1.O518 and
$l.054 at the close. Large dealers mani
tested destination to operate even at these
figures, and freely ventilated predictions
perhaps for effect, that the favorite deal
would 60 as low al $l.O0 before the close oil
the week. A nervous and panioky feeling
pervaded the pit throughout the entire fore
noon, and the condition of the market wat
exceedingly feverish and unsettled in conse
quenoe. Peter McGeoch appeared as sci.
Ter at the opening, but subsequently becam,
heavy buyer. Edward Sanderson, who il
said to be largely short, was also frequent.
in and out of the pit, his face beaming will
joy at the prospect of q decisive and possibly
permanent break. s