St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-28
WHEAT SHOWS WEAKNESS.
News From Outside Sensational and
Conflicting, Causing Heavy
Slump.
Final Closing Figures Nearly TWO
Points Off From Thursdays
Quotations.
Financial Operations of the Money
Kings--Fhe General Ono
tations.

(,u1r,Go. Sept. 27.-The wheat market was
= runaway again early to-day, with very
sbrunt halt and setback before noon. The
opening was as deceptive as yesterdays s.
First prices were 4@lac lower all around.
December, the big future, was OF l2c from
last night, at sac. There was little Whlrl
M 10 S4ssc on some unified orders from
last night. Then there was a repeuuon OF
the scene yesterday morning. when big hoIo
ers. plungers and scalpers all played the mar
ket for break. and were badly beaten again
From S4ssc off TO S3ssc the selling was last
and turious-Irwin, Green x Co., Poole COM
stock, William Dunn & Co.. Stauffer, Baxter
Schwartz Dupee, Kammerer, Lindblom, ana
rs many more leaders sold freely for reac-
lion. and the smaller operators hast
pued 10 realize also. Norton and
Worthington bought. The support Of
The market. however was Hutchinson. He
took wheat from one and all. He took all
they wanted to sell. On topof this there was
some bull news. Liverpool cables came Id
desrer. The off coast wheat was not offered,
md on passage wheat was strong. French
pouutrv markets were cabled as very strong
Twenty loads were reported taken for export
At New York and Baltimore. This was the
turning point The market began to stltfen
When the crowd began 10 bid the offerings
.eased. The result was like that of yester-
nav. The price went from S3Ssc 10 S4ssc in
short order. with the shorts bidding wildly
and the price going lac al a time on single
Trade There was reaction 10 S4lSc, and
hen & second squirt of buying put December.
10 s45se, the outside for the day. September
WAS moi active and settled back from S25sc
to s214e the first hour. May sold TO the top
figure Of Thursday. 977se. Then ii was dis
I.OVered that no twenty boat loads were taken
for export at the seaboaTd. II was also dis
rOyered that no wheat OF importance
cleared from any Atlantic port. Jones
kepnett was the first big house to
lurn seller. The crowd quickly followed
and prices went off as fast as they went up,
and never stopped until December rested at
sS4c at l O'Clock. After this sommersault
he trade settled down and the pit was quiet
and the market promised TO close al the bot
Tom for the day. Receipts in the Northwest
were heavy; and primary receipts were o04'-
boo bu. against 1873. 900 bu a year ago.
Wheat continued 10 sag toward the close.
December touched 93Ise, making a range Of
sg1c for the day. Last prices were about The
bottom. Receipts were 1O1 cars winter
wheat, IS cars spring, 400 cars corn and 1874
Ears of oats by rail: and Sc, 900 bu of corn
and s. 900 bu of oats by canal. Withdrawals
from store were 6S, 40I bu OF winter wheat,
I6,543 bu Of spring, 33s, 1856 bu Of corn and
1906 bu Of oats. Corn and oats were
buiet, with the former inclined TO weakness.
The last sales were without material change
from Yesterday Provisions were irregular
hll day. First prices were steady, or little
lower; and, during the early trading lard
and pork became somewhat strong. while
ribs sold lower from the start Lard held
within SC range. The last sales were with
put important change from yesterday.
TIE QUOTATIONS..
The leading futures ranged as follows:
WheRt-No. 9 October opened al SIC, clos
tngRtSIlse; December, sac, closing at S5l2c;
Vesr, e2ssc, closing at SI1sc; May, s6s4e clos
Ing at S5ssc. COrn-No. = October opened at
Rl12c, closing al 31lae; November, 3Issc,
closing at 31I2c; December, 81 kc, closing at
Blssc; May. 3ssse, closing at 33s4e oatsmNo.
z october opened at 19kc. closing at 1857
November. 1850. closing at 1850; May,
R2khc, closing at 22S4e. Mess Pork (peT bDl)
October opened at Slo:95, closing at
E11.O5: November. $3.50. closing at -, 20;
s)-October opened at 50. 10 closing
ut So O7I2: November. S5.97l2, closing at
% 96la; January, s.. 92l2, closing at s.. 92l2;
Short Ribs (per 100 lbsl-October opened
opened at SAITH. closing at $3.50; January
opened at S472l2, closing at 81 12l2.
Cash quotations were as follows: Flour
in good demand and winters l0c higher.
Spring patents were unchanged Wheat
No. spring, s1ssGSlAc; No. spring,
7O072c; No. red. 8Ik0SlAc. Corn
No. 2, 3lssc. Oats-No. 2, 19kc. Rye
No. 2, 41I2e. Barcy-NOn Flax Seed
No. l. S127. Prime timothy seed, Sl.20.
Mess Pork-Per Dbl. Sill. Lard-Per 100
los. Sc. I2Is@6.l5. Short ribs sides ioose).
k5.15@3. 20. Dry sailed shoulders boxed,
E437I3@450. Short clear sides boxed.
s.. 5O@5. 62l2. Whisky-Distillers finished
goods, per gal, S1.02. Sugars unchanged.
Receipts-Flour. ! ! 900 bbs; wheat, 80, 600
bu; corn, 338, 900 bu; oats, $4,000 blu:
rye. IL, 600 blu; barley, $4,000. Shipments
Flour. 10000 bbls: wheat, l3S,0OO bu;
corn, 1S9. 900 bu; oats, 100000 bu; rye,
1000 pu; barley, 81, 900 bu. On the prod
nee exchange today the butter market
,rar r1ncnanped Eggs 15M15Iac.