St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-23

not take active interest in it, he certainly fur
nished brains where they had been lacking be-
fore.
There were rumors toward the close that a
commission house had been forced to succumb
TO the pressure, but it was impossible to verify
he statement. Another rumor was that someone
had procured an injunction restraining traders
from demanding margins ON account of the in
fiated deal. 1t was equally impossible to find
the truth OF this matter. 1t was impossible
TO ascertain what houses and traders have been
forced to cover their shorts to-day Everything
is in chaos of doubt and uncertainty. Sep
TENDER opened st TIC 1c higher than Saturdays
close, and advanced with rapid jumps to soc,
from which it fell nominally to close of 79c.
Nearly all transactions were in settlement and
though there were plenty of orders to buy very
little was offered until the price reached soc.
The near futures ali felt the effect of the boom
and advanced accordingly. October opened at
5e%c, nc above Saturdays close, and went up
to 592lc, but dropped off 1c and closed on the
regular board at 584c, but again advanced in the
afternoon and closed at Soc. November opened
at 471sc, Saturdays close, and closed at 4Sc. The
leading sellers were McHenry, Counseman.
| Dwight 81 Gillette and Schwartz & Dupee. The
rest of the usual corn traders were bullish and
composed the purchasers.
Wheat was without intrinsic support the arri-
walls fair and the Liverpool and London cables
decidedly adverse to sellers. The first sales were
about 4 under Saturdays close, but the strength
in corn and provisions induced timid shorts in
the wheat pit to cover and their takings caused
an advance of A@1c. The appreciation brought
| considerable long wheat on the market, includ-
! ing "A good many lots bought Satur
! days decline. Scalpers were also inclined to put
! out shorts, and the demand being light and out
side support deficient, prices receded &c from
the highest figures, and the closing on the morn
ing board was weak. In the afternoon opening
figures were again lower, but there was good in
quiry at the decline, and prices advanced about
! &c, closing with more steadiness at about open
! ing quotations in the morning. October opened
at 76c, but under the demand TO cover shorts adj
vanced y when liberal offerings caused prices
| to recede, and the close on the morning board
was 1873. The afternoon closing at 76c.
! November opened at T7Hc, sold up to 1890, and
closed at771c on the morning board and at 772ic
in the afternoon. good many heavy parties
were reported to be buying wheat, but this was
more rumor than certainty. 1t was thought to be
little surprising that wheat did not show lit
tie more sympathy with corn, but the two grains
|
Oats were steady and firm, in sympathy with
corn, by reason of light receipts. There are also
more going out than coming in, which, with the
wide difference between corn and oats induces
the general opinion that an advance viii soon set
in. October closed at 261Sc, again of &c, and
! November at 26c.
Provisions attracted considerable attention and
trading was more than usually active. Pork for
year and January delivery was stronger and at
the close 30c higher than Saturday last quota
lions October closed at S17, unchanged, and
year at S12. Lard was stronger and higher
though outside prices were not maintained.
| trad ing was fair and the close was at 81 80 for
October, gain of 2hc, and S7.171s for Novem-
Der, unchanged. Ribs were in active request to
cover shorts and much stronger, advancing 500
zoe, and closing strong at $1,000 for September,
gain of 60c, and at S10.45 for October, gain
of 45c.
Receipts of cattle were heavy, including about
| 1900 Texans and territorial rangers and al
though anticipated, had a depressing effect
Buyers held off, and trade ruled dull, but little
| business being transacted before noon Dis
patches from New York reported 24O cars Of
| cattle and ''half a dollar lower" 1t is almost
| useless to attempt to give satisfactory quota
tions range stock Many of the
statesmen quoted the decline at 4O05Oc
as compared with the highest last
week, and where the decline will end before
the present glut is worked off, no one seems
able to predict. The hog market opened slow
and rather weak, but before the morning hours
passed some urgent shipping grades were Sc
cured, which stimulated the demand, and by
noon about oil had been sold, the general market
closing considerably stronger than at the open
ing. Skips and grassers sold at 81. 1898 25; as
sorted light S5.7506.7O, common and medium
mixed S5.5O05SO, the best heavy S6@6.25.