St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-17
SORT OF A SEE-SAW.
The Wheat Market Takes a
Drop, But Receivers Most
Of Its Loss.
Reports Of Fine Warm Wealth
eP Cause Corn to Take
a Slump.
Provisions Also Sag a Little
in Sympathy With
Grain.
Lots Of Business and a Firm
Tone All Through the
Stock List.

CHICAGO, Sept. 16.-Wheat opened decid
IDLY lower this morning on weaker cables
and the collapse of the European war scare.
There was free selling at the outset, Deem
Der going at 9614c, but the shorts, who have
profited by recent experiences. in which
they have been badly squeezed, but they
waited too long, and their buying soon put
the price to 971sc. Then came the reports of
yesterdays clearances at the Atlantic sea-
board, showing an aggregate of over 1000, 900
bu of wheat, which gave added strength to
the market, and caused a squirt of buying
which put December up to 97l2c. The price
hung around that figure for some time
Later it was reported that Bradstreet's
showed an increase of 100000 blu In the
available supply east of the Rockies during
the last week, and weakness was developed
December sold to 965sc; there was a recovery
during the last hour, as Bradstreets report
when posted showed that the increase was
not as large as at first reported, being 4, $780,
900 for both coasts report from Duluth
that 100000 bu had been taken there for ex-
port assisted the advance. December sold up
TO Slice again. broke to 06s4c on weak closing
cables, improved some and closed steady
at 97c, a loss of ssc compared
with the closing figures of yesterday.
Logan, White, Kenneth, Hopkins and Lam
Bull DTOS. were BOOQ buyers early, Dut on the
advance some of them sold freely. There
was little furry early on rumor that Italy
had ordered the completion of ironclads now
under construction with all possible dispatch
and had directed that the reserves be got in
readiness for duty at once But it quickly
died out Hutchinso is said to have tele-
graphed here from CIV York that wheat is q
sale for Gee and corn Tor SOC. Another tele-
gram from New York said that Russia will
have to supply thirty provinces of the en-
HntnhinCnr1
to have sold freely through brokers. Lamson
Bros. correspondent telegraphed that there
was good evidence that foreigners were buy
ing.
Corn opened easy on account of the fine
maturing weather in the corn belt and
In sympathy with the lower prices for wheat.
october started at 53l2@.53s4c, against 544c
at the close yesterday; advanced with wheat
to 54l2c, broke TO 53Ac, recovered some. but
weakened again, selling off to 53c, and clos
Ing easy at 53lsc. The market was very weak
during most of the session, due chiefly to fine
weather. Some of the old-time bulls were
free sellers, and the liquidation of long corn
was heavy, There was rumor in circula-
ton that the clique was selling good deal
Oats were quiet nand easy, in sympathy
with corn.
The provision market was heavy from start
70 finish. and the lowest prices of the session
were current as the market closed. The de-
cline since yesterday amounts to zoe per bar
rel In pork 10c per 100 pounds in lard and
from 2l2 to 12l2c per 100 pounds in ribs
There was fair speculative business the
sellers for the most part being tired longs
6nd the packers
Cash quotations were as follows: Flour
nominally unchanged. Wheat-No. spring,
e3ssc; No. spring, S4@SSc; No. red. 94c.
white, 29h@30Ac; No. 3 white, 28029c.
Rye-No. 2, SSl2c. Barley-No. 9, 60c: No.
T. 100000; No. 4, 35@46c. Flaxseed-No. /,
&c Timothy seedmPrlme, S1.21@L22 Mess