Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-16

was quoted 6d@1s lower. Eastern mark
cts comparatively steady. The receipts
of product were fair and the shipments of
all kinds quite liberal. The demand for
pork was fairly active and the offerings
were moderately large. Prices ruled easier
and declined LOG zoe and closed steady at
the reduction. Cash quiet. The inquiry
for lard was moderately active and the
offerings were fair. Prices were about
5@71ac lower per 100 pounds and closed
steady at the decline. On call lard de-
clined 21a@5c further and closed weak.
The demand was active but offerings
equally free. Pork was in liberal supply
and ruled weak. Live hogs sold up so 0c
to-day, and $4,000 were received. making
total for the week of 274O00 against
21S,00O last year during the same period.
There are indications of further de-
cline in corn and an attendant panic on
change. The break started when kreigh
& Davis failed and threw 100000 bushels
of year corn on the market Corn broke
CSC down to 53c bushel, and yesterday it
broke &c bushel, causing great
furry among the bulls and bears on grain.
It is thought by some that 45c bushel
will be the limit. Year corn sold yester-
day in st. Louis for 47c a bushel. The
causes for the further sharp decline were
variously given. One broker as
serted that Robert Lindbloom had
thrown large line on the market, while
others said that the report of the visible
&c sy,k mi odd StQfaQ
Canada would show an increase of 100000
bushels. New York sympathized with the
decline. 1t seemed as though further
break would be followed by disastrous re-
suits. leading broker says, speaking of
the break and future prospects:
s'The throwing of the Kreigh 4 Davis
| corn on the market gave an impetus down.
ward from which we have not recovered,
and the supposition now is that there are
some other heavy longs whose purse
strings will not stand being crowded much
further. While we deprecate such mo-
tive on the part of the traders, we
have number of just such
people who never buy and carry property,
and will fleece the producer or any one
who sustains values Just as far as they can.
Now we assume that corn is at a point OF
merit. Taking to-day's prices in Liver
pool there is fully cents per bushel to the
favor of exporters ona.ll rail basis to New
York. Grain receivers tell us that present
receipts are sent here to fill contracts on
previous sales, and that fresh shipments
will not be made to sell at present current
prices. We consequently think that w
are not far from the bottom and wonlt
buy January or May corn.
!: It was stated some time ago that tn
firm of Lamson Bros. would bring suit TO
, damages against the Chicago board o
Itrade for illegal suspension from tn
, board. They claim that director VIII
was personal and bitter enemy of their
sat on the committee that tried them
3 They also claimed that they did not vic
] late the rules as was charged, and further
: more that they did not have time to pre-
r pare defense. They claimed that the
: wanted $4,000 damages, so it was stated
:, It was also then reported that Preslder
Z Durham had said he thought that the fri
K had fine case against the board. NJ
;, Durham denies this impeachment, an
= declares he did not say it. The firm no
II come out and say they will not bring sui
n This and the other cases about to be trie
70 by the commission rules al
l. causing frequent comment on change.
n There are no new developments in tt
4 Booth Corwith sensation except the frient
r of the latter claim young Booth knew VIII
l. he was going into, and took his own risk
"a that he and Corwith had frequently gol
into grain speculations together, and nc
that he is caught he wishes to shield hui
,e self from parental reproof by pleading
10 baby act. It is certain that the cid
49, Booth has lost the profits on lots OF oyste
y through his sons imprudence, and tn
az neither he nor Csrwith, ST., knew of
u brilliant deals of their promising o
IN springs until the disastrous denouement