St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-09
WHEAT GOES STILL LOWER !
Liberal Speculative Offerings on a
Purely Local Market Cause
Slum,.
Corn Shrinks in Value, Oats Quiet, and
Provisions Close Very
Tame.
Financial Operations of the Money
Kings---The General Quota
tons.

CHICAGO, Sept. s.-The awheat mar
ket was erratic to-day. Very weak
Liverpool cables were against the mar
ket at the opening. Then followed
bulge of &c all around on some good
buying by few bulls. Later the mar
ket broke about 119c from the top fig
ures, and after midday there was
slight rally. The news of the day was
varied and somewhat conflicting. The
action of prices up to the last half-hour
was as follows: December, $l.O21s to
S1.02 TO s1.021S to s1.O17S to s1.O115; May,
S1.O6A to Sl.0616 to S1.O65s to S1.O5L to
S1.051a. Receipts here, including Sun
day inspection on three lines. 215
cars. The receipts at Minneapolis
were very large at $50 cars.
The Liverpool cables were 1d@2d
lower on more favorable weather
abroad and better receipts. The visible
supply did not cut much figure, as the
trade were ready to see small increase
or small decrease. The final figures
showed decrease of 10000 bu for the
week. There was at the same time a
rumor, not confirmed, that twenty loads
were worked for export at New York
to-day. On this prices recovered after
the break. On the decline. there was
selling of wheat bought early. The
big factor on the bear side was the
heavy selling by Hutchinson. Leading
buyers at different times were Mitchell,
Aldrlch, Comstock. Bloom, Milmine,
Bodman. Rumsey and Chandler and
other commission houses. The impress
sion was created that the country was
selling wheat here. The North
west was clear and cool, but
North Dakota dispatches reported
nine-tenths of the wheat in the shock
and damaged by recent rains. During
the last half hour rumors of a heavy
failure in the wholesale dry goods busl-
ness created distrust, although the idea
of the influential house referred to be-
ing in any trouble was secuted by we'll
Informed people. The rumors kept their
depressing hold upon the market and
the price reached its lowest point in the
last few minutes, December selling
down to s1.0OT; and May, which early
in the session was quoted at 81. O6%,
oOAN o'OWh W S1.Of/Ss SIOSlIS prices
were: December, Sl.O1; May, s1O4x.
On the curb puts on December
wheat sold at $3.50, and calls at 81. 021A4.
The corn market opened stronger and
higher on the reported frosts in North
ern Iowa and Nebraska; but heavy sell
ing by the local crowd and signal serv-
ice predictions of warmer weather in
those states weakened it, and prices at
the close were no higher than last
night. Oats closed &c lower. The pro-
vision market was inactive but fairly
steady, considering the weakness in the
grain pits. The hog market was quoted
firm, and that had some Influence, and
outside buying orders were sufficiently
plentiful to encourage local holders to
retain their grip upon the property.
October pork gained 1211c upon Satur-
days latest quotation, but January lost
sc. Ribs were SIC better for October,
and unchanged for January. January
lard closed at S9.6211s, against S6.671S on
Saturday.
The leading futures ranged as follows: