St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-16
BIG OPERATORS BEARISH.
They Unload and Cause Heavy Slump
In The Values of Fu-
lures.
a Fair Trade in Corn, But the Market
Is Again Very
Weak.
Financial Operations Of the Money
Kinus--.The General Quo
tatiOns.

CHICAGO, Sept 14-Wheat sold at lower
prices in this market to-day. principally be-
cause Of the bearish tactics of the local trade
and not because of any change in conditions.
II is also true that the British cables were
again of a bearish character. The North
west also has continuation of large receipts
New York and other Atlantic ports cleared
no wheat These facts and the trade were
against the market The significant fact re-
mains that the short interest in September
and December wheat is now quite large, ana
daily increasing. The receipts for the week
brought but 81 cars of No. . wheat on about
5 per cent of arrivals. The stock of contract
wheat continues to dwindle, and is now only
about $4,000 bu. The market was oyer-sold
yesterday, and for the first hour this morning
the offerings were so light that prices picked
up i2c or better from the first figures. There
was drop back TO early prices again before L
o'clock, when the market seemed fixed and
dull. There was a large trade among few
houses ct one time within narrow limits
Bradstreet's was out with a statement that
the bad weather during the harvest sea-
son on the other side had probably reduced
the marketable crop TO 66,OO0,000 bu, leav-
ing 140, O00. 900 10 be imported. The trade
cared little for bull points, however, and this
was little needed. Buying early was cred
tied largely to Baker and Hutehinsoo. Sep
TENDER sold z ssc to 1850, to 77c, to 1850;
December sold 7Ss4c 10 79Isc, 10 7S54c: May.
S2sse to 927se, to 92h99Essc at o'clock.
Receipts were 213 cars winter wheat, so
spring, go corn and 229 cars oats by rail,
10000 bu corn by canal. Withdrawals
from store were l55, 1873 bu winter wheat
s2S bu spring, 122, I79 bu corn and "a, 16l
I'M faiF tIo6
but the market was again very weak. Out
siders were again selling through the receiv-
ing houses. Hutchinson bought a little Dc
tober corn, and this, with the talk of cold
rains in the corn belt, caused little firmness
at one time Last sales were I4@sSc lower
than yesterday Provisions were very dull.
Market opened strong on account of the adj
vance in hogs at the stock yards, but weak
ened later on account of the duliness and on
account Of the weakness in corn. Later,
however. there was a recovery, and pork
closed 2Iz05c higher, with lard and short
ribs about steady, Oats quiet and without
material change.
The leading futures ranged as follows:
Wheat-NO. october opened at 77ssc, clos
ing at 77Ixe; December, 7Ss4e, closing at
7Sslc; year. 77Lc. closing at 7Tc; May,
92ssc, closing at S2l2c. Corn-No. Octo-
Der opened at 325sc closing at 32ssc: De
cember, 32Isc, closing at 317sc; May. 34ssc,
closing at 34lsc. Oats-No. October
opened at 1880, closing at 1890: Deem
Der, 1880. closing at 19S4c; May, 22&c,
closing at 2254c. Mess Pork (per bbD-Octo-
Der closed at 5000; November opened at
$500, closing at 50; January, 50. IS, clos
ing at S9.l7I2. Lard (per 100 lbs)-Oc
tober opened at S5.S7Ia, closing at
1880; November, s.. 77l2, closing at S5.77l2;
January, $3.50. closing at S5.77I2.
Short Ribs Per 100 lbsl-october
November, $3.50. closing at S469;
January. s4.65. closing at s4,62l2.
Cash quotations are as follows: Flour
steady and unchanged. Wheat-NO. 2 spring,
nc; No. 3 spring, 62064c: No. red, 77c.
Corn-No. 2, 325Sc. Oats-No. 2, 1910. Rye
No. ., 42I2c. Barley-No. >, 62l2c. Flax
Seed-No l, SI.27I291 2s Prime timothy
seed lower. Mess Pork-Per Dbl, $1,000.
Lard-Per 100 lbs. S6G;6.02l2. Short ribs
sides Qoose) S4.95Q5. Dry sailed shout
ders (boxed) unchanged. Short clear sides
(bOxed) unchanged. Whisky - Distillers'
finished goods, per gal, S1.O2. Receipts
Flour. 10000 bbls: wheat, 10000 bu; corn,
29l, 900 bu; oats, I52, 900 blu; rye, $4,000
bu; barley, 6i,0o0 Blu. Shipments-Flour,
1000 bbls wheat 1900 bu; corn, $4,000
bu; oats, 24s.O bu; rye, 1000 bu: barley,
3l,0O0bu. On the produce exchange to-day
the butter market was unchanged. Eggs. Ice.