Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-16
was quoted 6d@1s lower. Eastern mark

was quoted 6d@ Is lower. Eastern marx
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
we're moderately large. Prices ruled easier
and declined Is @ zoe and closed steady at
the reduction. Cash quiet. The inquiry
for lard was moderately active and the
offerings were fair. Prices were about
5G71ac lower per 100 pounds and closed
steady at the decline. On call lard de-
clined sc further and closed weak.
The demand was active but offerings
and ruled weak. Live hogs sold up 5@10c
to-day, and $4,000 were received, making a
total for the week of 274,000 against
218,00O 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 a bushel, causing a grea.
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 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 LOCO, 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 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 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 presen
receipts are sent here to fill contracts on
previous sales, and that fresh shipment
will not be made to sell at present curren
prices. We consequently think that W
are not far from the bottom and woul'
buy January or May corn.
It was stated some time ago that tn
| firm of Lamson Bros. would bring suit 70
!. damages against the Chicago board Q
trade for illegal suspension from tn
board. They claim that director VIII
was personal and bitter enemy of their
sat on the committee that tried then
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 PR
r pare defense. They claimed that the
: wanted $4,000 damages, so it was stated
:, It was also then reported that Presidel
T Durham had said he thought that the fir
K had fine case against the board. NJ
;, Durham denies this impeachment, an
= declares he did not say it. The firm no
r come out and say they will not bring sui
n This and the other cases about to be tri'
% by the commission rules a
l. causing frequent comment on change.
n There are no new developments in Il
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 go
into grain speculations together, and ne
"A that he is caught he wishes to shield hi
ie self from parental reproof by pleading
lie baby act. It is certain that the elo
81 Booth has lost the profits on lots of oystt
j. through his sons imprudence, and tt
az neither he nor Cerwith, ST.. knew of
n brilliant deals of their promising o
IN springs until the disastrous denouemeni
ag
st NEW YORK.
,al
,ra Especial Telegram to the Globe.