St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-15
WHEAT IS LOWER AGAIN.
The Market at Chicago Opens. Active
and Peverish,
BUT DROPS VERY RAPIDLY.
Sensation al Weather News Causes Con-
fusion in the Corn Pit--Gen-
eral News.

CHICAGO, Sept. 13.-Tradlng was fairly act
I've Ill wheat and prices irregular. ruling
hlgher at the opening, but Immediately de-
ciineo ana closed 13s@11sc lower than yes
terday. An unusually nervous and feverish
ieeiihg existed during the early part of the
session, occasioned by bad weather in the
Northwest, and also in sympathy in the ad-
vance in corn and TO the failure of an oper-
ator who has been largely short of whea at
the W prices. The opening was 7s@1l2c
higher than yesterdays closing. Some stop
loss orders were executed as the reported
failure of the party alluded to led to the be
lief that prices would be advanced thereby
under a pressure to cover. But the
offerings became very heavy, and
then it also became known that
the party i'll question as well as
others had covered m ost of their short whea
yesterday. This left the market without any
support and under large offerings a rapid de
cline followed. prices yeceding with only
slight. fluctuations about 2l2c, { recovered
siightiy. eased of again and closed about
1850 112c lower.
Corn-The sensational weather news was
the ail-absorbing topic this morning before
the opening, and on the tap of the bell a
scene OF the widest confusion occurred.
Ine opening was most excited and irregular
IN years, prices varying sc in different parts
OF Inc pit. The cause of The nervous feeling
was due to the weather map being covered
with reports of frosts throughout the entire
corn belt as far south as Kansas
and Missouri. The failure of a To-
cal house also tended to create a
very uncertain feeling in the minds of many
operators, ana the opening was a scene of
seml-panic. The trade was all III May, other
months being neglected, and first trades were
from 53A to SIC, very few at the extremes,
only scattering trades being reported, the
bulk OF the business being between 81 and
54l2c. After the wild opening the market
Immediately sold off, there being immense
quantities of long property for sale, a good
zeal OF which was unable to be sold at the
limits given, so rapid was the decline. The
market finally closed with a gain of SS@I2c
tor the near months and sole for May.
oats were fairly active but unsettled, with
prices confined to a moderate range. The
opening was firmer and higher i'll sympathy
WIN corn, first sales being at 3S@I2c advance.
May receded 5Sc. but the other deliveries
held steady. Final sales were at a slight
gam over yesterday.
Mess Pork-Considerable interest was man.
lfested in the market. Opening sales were
mace at 26@30c advance on deferred de-
l~lveries, but prices gradually receded 37I2@
4oc. The market closed tame at inside fig
ures.
Lard-A moderate trade was reported
opening sales were mad at 5@7lac, and
closed rather tame at inside figures.
snort Rib Sldes-Quite a good business was
transacted. Opening sales were made at Toe
ADVANCE. Prices settled back 12l9Ml5c and
the market closed quiet at inside figures.
The leading futures ranged as follows: