Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-09-26
PROVISIONS LEAD The DECLINE.
The Assault on Willard Stocks Still the
Feature Of Wall Street.
LAKE SHORE ALSO ASsAILED.
Hopes for an Early Reaction Enter
tanned by Many Prominent Dealers.
CHICAGO.
Especial Telegram to the GIobel


closed weak and lower. The decline start
ed in pork. A great deal of property
bought yesterday for eastern parties was
unloaded this morning. Eastern markets
were easier and the arrivals larger than
expected. To increase the nervousness re-
ports were received of heavy failures at
New York, at one time it being rumored
four business houses had succumbed. At
this point the packers began selling freely,
and forced October pork down SOC, up to
O'Clock. Just at the opening of the after
noon call news was received that Lyman
Blair, a leading commission man, who was
known to be long in provisions, had shot
himself. The report spread like wildfre that
he had suicided, and it was believed on ac-
count of losses on this account. This
caused another furry and further de-
cline of twenty-five cents. The scare was
somewhat abated later by the statement
that the shooting was accidental. The
cause for the act could hardly be surmised
by SO many acquaintances, as the firm of
Blair S Blair is reputed to be in very
sound circumstances. It is one of the
oldest on change, and it does good COM
mission business. The news spread about
the alley, and soon the question as to the
deed was in everyone's mouth. II was
said by one broker who was posted that
the firm was dealing largely in provisions,
and had the handling Of heavy orders from
New York and Cincinnati parties. The sad
occurrence took place at 1 o'clock this
afternoon, and it is claimed by his friends
must have been the result of an unfortun-
ate accident. He was president of the
Chamber of Commerce association.
Interest centered in the provision
market during the day. The Eldridge
people are believed to have closed out their
line, selling 10000 barrels of January pork
in lump at $11.30 to Warren. Lard suf-
fered depreciation of 15G 20c. October
was the frmest option, as shippers are
after the cash stuff to fill orders in New
York. Trading was light in corn. The
packing interest devoted some attention to
bearing the cereal to cheaper the product
and consequently hogs, and the break in
pork of course had some effect. Reports
from country points indicate that an in
crease in receipts may be expected. The
close is hardly steady on basis of 1880
October, decline of &c.
Wheat has been weak all day. Trans
actions were large, on call alone amount
ing to 10000 bushels. The offerings
throughout exceeded the demand, causing
q general decline, the close being at usual
prices. October ended the day at 954c
bid against SIC yesterday. The shorts ap-
pear TO have bought in pretty generally
yesterday, aud there was not buying
enough to hold the market. Orders
to 'elI on country account were
noticeable today. The European
cabie= were firm, but there was little to ex
cite or strengthen the market, and local in
fuenees governed its course. The loca
crow were generally selling. Receipts
were only fair, $50 cars, and the shipments
were fully up to the average. There was
one brief period of strength and prices re-
covered the 58c lost at that time, but this
was of brief duration, and at the close of
the regular board a loss of 1c from yester-
day had been sustained. The general
weakness of the afternoon was increased
4@ Sc. The near options suffering most
severely.
The receipts of corn were smaller than
yesterday, yet were considerable, aggreg-
ating by rail and canal $50
cars. On the other hand shipments
show falling off, being under 100000
bushels. Market advices from abroad
0nntAA a afaadv b,4 L.
fuence. Spectators bought fairly, but
the shipping demand was less urgent, and
was confined mainly to lower grades. The
first sales to-day were at some decline
from yesterday. There was brief rally
of 12e, but when what broke corn follow
ed, and at the close of the session Of the
board prices we're $59115c under yesterday.
On the call there were free offerings and
quite active demand at further reduc-
tion in values of 15@lle. The charters
to-day were 3I5,OOO.
Oats we're quiet aud slow, and after a firm
opening were dull, ruling lower all the
session, thesclosing being 10 under yes
terdgy. In the afternoon further conces-
sions of 18o and September 1Ic were
AilC titSA 4CSOiptS DSlp6Q TO q
steady tone early, but after corn broke this
was lost. The speculative trade was quite
neglected and the shipping demand only
moderate
Rye ruled quite firm during the morn
ing under good inquiry for shipment.
Cash rye was held shade higher and bet
ter prices were paid for all futures, but the
afternoon tone was not so strong and val
ues receded again.
Barley was quotable higher for No. 2,
and No. was more sought after. In store
sales IN the sample market showed larger
business and better prices than have been
ruling SO Ear this season. The speculative
market was very dull, but this was largely
due to the scarcity of sellers.
Foreign advices indicated no particular
change IN provisions, though private cables