St. Paul daily globe., 1890-09-25
BELOW A DOLLAR NOW
December Wheat Vacillates
Between $1.OO IA and
SO 3-8c, Closing Weak.
Minneapolis and Duluth Make
a Light Showing in Re-
ceipts.
Corn Opens Strong, and Sells
Off in Sympathy With
Wheat.
An Early Brisk Demand for
Certain StockS--Stagna-
tiOn Later.

CHICAGO. Sept. 24.-Wheat sold below 81
for December to-day for the first time i'll
months. The surprise was that, having
passed the dollar mark, the stop orders did
not carry the price to 99c or below. That
this did not occur was taken as evidence of
pretty well liQuidated market. Another
evidence that there were few great lots of
wheat hanging over the market was the dull
ness and Indifference which followed the
break. The early weakness was a continua-
ton of the decline which set in before the
close yesterday on the dispatches from the
Northwest saying that the spring wheat
movement will be very much increased. The
price OF December started l4c off at ST. OOH,
and by scratch touched ST. when the Du-
luth cars were wired at 156 for the day.
This called halt i'll the selling, ana the price
rallied to Sl.0Oas. The selling of long
wheat was resumed on the bulge. and
the bears helped along, and at IL o'clock
the price was off to 81 again. About this
time the figures were passed around showing
that Russian shipments The past week were
very large-four times the amount shipped
the same week year ago. Second-Liver-
pool cables came Y pence lower. There were
stop loss orders as soon as ST. was passed and
altogether the price was easily and quickly
run down to 99asc. The Minneapolis cars
came in at 247, making but 4O3 cars there
and at Duluth. light showing. The price
OF December recovered to ST.. During the
hour which followed the price was down
and up, with l9c range from 9935c to 9975c,
with no decided tendency to the market. and
the pit dull. Export clearauces were again
trifiing. New York cleared nothing; Balti-
more, 10000 bu. wheat and 5000 bbls. of
-four; Toledo reported couple of cargoes,
100, 600 bu. sold to Eastern millers; Duluth
reported 20o, 600 bu. sold for Eastern ship
ment. 1t was given out that Baker had
worked $4,000 bu. cash wheat here. A
letter from indianapolis to Chicago house
claims that the wheat0 Minnesota and the
Dako as that would grade No. in Chicago.
will not be sufficient to keep the Northwest
ern mills running. Altogether, it was ques-
ton with a good many why they were selling
wheat for December under 81. There was
another bear raid in the wheat pit just at the
close. Farnum led the selling and got the
prize of December to the low figure again at
99ssc. September was largely nominal. but
closed 96Ac after touching 96c. May sold
at S1.04, and closed at 81 .041s Vessel room
was taken for GO, ,0C0 bu wheat to-day Puts
on De cember wheat sold on The curb at 99c
and calls at ST .00ss. The dealings in corn
were not heavy. The market opened stronger
but sold off in sympathy with wheat. The
close was 1l@Dssc lower. The oat market was
Influenced by the softness that prevailed all
around, and closed 14@3sc lower. The pro-
vision market at present appears to have the
manufacturers OF product against it; at least
they appear to be the first sellers day by day
Armour was a free seller Of January lard
Singer, Wright and Cudahy also sold consid-
cradle. Prices declined for all the articles of
the speculative list. January pork declined
7l2c, January lard the same and January
ribs sc.
The leading futures ranged as follows: