Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-12
A PEG OR TWO HIGHER.
Corn Suffers on Account OF RumOrs Of
Damage by Frost.
PROVISIONS SOMEWHAT WEAKER.
The Stock Market in New York Varia-
BILE and Lower.
CHICAGO.
Especial Telegram to the Globe. |

weaken the markets, especially corn,
which opened full cent under Yesterdays
close, with general rush to sell. Reports
from the corn districts show nothing new
to change what we said in our special let
ter of yesterday in regard to damage done
to corn by the late frost. Injury has IN
doubtedly been done the crop, but not as
much as first estimates indicated. The
bears pounded the market from the open
ing, and very early forced prices off 1ac
from last night, but at the decline W. L.
Baker & Co. commenced buying, and
caused a reaction to the opening
figures. Wheat has been weak
all day, the crowd being nearly
all sellers. 1t is the only market which
showed no signs of reacting during the
afternoon. There were $4,000 hogs to-day
and 10000 expected tomorrow, together
with the drop in corn, induced buyers to
think they had been rather hasty, and that
the advance had been without cause. The
support given lard yesterday was with
drawn. The October delivery was sold
freely from the opening and settled back
OOO3 Hullo POLh lOob dOOub tOCs 4ul5 0fCu-
ing there is more confidence shown, and
January pork has rallied 1Oc. The receipts
of grain were large again to-day, particu-
larly of wheat, amounting to 470 cars,
while only $500 bushels were shipped out.
There were 898 cars and $500 bushels of
corn received to 221, 900 bushels shipped,
and 1873 cars of oats were inspected in to
22S,000 bushels shipped. Shippers have
been free buyers at the lower prices, char
tering vessel room for 100000 bushels of
wheat, 10000 of corn and 10000 bushels
of oats. The stock of wheat here has in
creased over half million bushels during
the past week, and corn $50, 900 bushels.
On the board wheat was quite active,
and prices were decidedly lower. Foreign
advices quoted wheat steady and firm, but
all home markets ruled weak and lower.
The receipts also continue quite liberal,
and there Is but q comparatively light
shipping demand, Speculative Of
ferings TO sell were liberal,
and the demand good, bat
only at lower prices. The market opened
weak aud about &c lower, raled easy, and
declined with only slight fuo.uations II
@115c below outside figures, fuctuated
and closed 10 fc lower than yesterday.
On the call board prices under free offer
ings we're 15@l llc lower.
A large business was done IN November.
Corn was quite active, and on the whole
there was less excitement. At the open
ing there was considerable confusion and
excitement, but after that trading became
a little more settled and more satisfactory
for operators to transact business. The
feeling was weaker, Influenced by q
larger Offering good deal of
corn being offered on the
market with a growing feeling among
operators that the damage to corn perhaps
after all was not as great as anticipated.
Receipts were smaller. Foreign advices
markets quoted lower prices. Tho ship
ping demand was good and shipments
were free. The market opened A@1c
lower than the closing figures on call yes
terday afternoon, and further declined
with some fluctuations to point 11c for
October and 15@1Ao for November, year
and May below the call, later rallied under
an active demand, and finally recovered
about 20 from inside figures No.
2 was in good demand and sold
50@5015c; and the last sale at
5015c. On cali there was an active demand
which added &c to the price of September
and October, and $8@15c to the longer
ST.
bushels. November closed the day at
5O%c.
The oats market was comparatively dull.
Prices as compared with yesterdays clos
ing were 1000 lower. Speculative
trading fell off considerably, and the mar
ket was influenced a good deal by the
changes in the corn market. The shipping
business was not large and rather slow, and
weaker feeling was experienced in the
sample market. There was trife better
feeling in the afternoon and in some in
stances higher figures were paid by buyers
Rye was very weak. There was 1bc
break in the prices for future deliveries
The longs lost confidence and offered free
ly to sell. The demand on the other han6
was tame, and buyers took advantage ot
the change in feeling. Cash rye was
plenty, and No. 2 was 11c lower. Some
more strength was shown later in the day
call sales being at an advance of 4@L,
over those quotable at 1 O'Clock.
Barley was exceedingly dull. Prics
were weak and lower, but the decline failet
to improve the demand, and buyer
throughout the session were scarce
On the regular market Their
we're offerings at about 10 decline
but sales could not be effected. No. &:
cash offered at 6Oc and $50 bid. Sampl
lots were freely offered, but great many
had to be carried over, holders being IN
able to sell notwithstanding the easie
prices that ruled.
Under the influence of liberal receipt
of hogs and lower prices therefor, th
offerings of og products were MATERIAL
increased and sharp reaction in the mar
ket occurred, the improvement in price
noted yesterday being entirely lost during