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

was quoted 6d11s 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 20c 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 ce-
clined 2l3 q sc 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 10c
to-day, and $4,000 we're received, making
total for the week of 27i,000 against
21S,O00 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 Sc a bushel, causing a great
| furry among the bulls and bears on grain.
1t is thought by some that 45c bushel
will be the limit. Year corn sold yester-
day in st. Louis for 47c 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
supply of corn in the United States and
Canada would show an increase of 1.O0O, 900
bushels. New York sympathized with the
decline. It seemed as though further
break would be followed by disastrous re-
suits. A leading broker says. speaking OF
the break and future prospects:
''The throwing of the Kreigh i 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 point Of
merit. Taking to-day's prices in Liver
pool there is fully cents per bushel to tht
favor of exporters ona IL rail basis to New
York Grain receivers tell US that presen
receipts are sent here to fill contracts on
} previous sales, and that fresh shipment
will not be made to sell at present curren
| f11- that T
are not far from the bottom and wonl'
buy January or May corn.
r It was stated some time ago that tn
firm of Lamson Bros. would bring suit fo
! damages against the Chicago board o
trade for illegal suspension from tn
!, board They claim that a director VIII
1 was a personal and bitter enemy of their
sat on the committee that tried then
Q They also claimed that they did not vic
d late the rules as was charged, and further
Z more that they did not have time to pre-
r pare a defense. They claimed that the
: wanted $4,000 damages, so it was stated
T, It was also then reported that Presider
II Dunham had said he thought that the fri
k had a fine case against the board. Al
=, | Dunnam O6ul6S UulS I'LL pcdCIinCAos en
= 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 trit
10 by the commission rules a
l. causing frequent comment on change.
n There are no new developments in tt
4 Booth Corwith sensation except the frien'
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 go1
into grain speculations together, and nc
"A that he is caught he wishes to shield hi
ne self from parental reproof by pleading
1e baby act It Is certain that the eld
's' Booth has lost the profits on lots of oyste
y through his sons imprGdence, and tt
ar neither he nor Csywith, Sr., knew of
u brilliant deals of their promising
III springs until the disastrous denouement
st new EGRk.
;al
, (Speciai Telegram o the Globe,