St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-14
NEUTRALITY-SUSPICIOUS.
Tie Leading Cereal Takes a
Drop OF a Couple OF
Cents.
Iany Ira lers Rush in and
Try to Unload Their
Holdings.
Pardrige Unloads a Big Line
The Market Generally
Lower.
Richmond & West Point
Pounded Hard on New
York Change.

CHICAGO. Sept 12-Wheat was weak all
.ay, and closed &c lower than yesterday. The
ealv news was beariSh. and the cereal
>.emed 10 have no friends. During the bulge
many traders got loaded with wheat, and
.ney lost no time to-day in trying to dispose
Il it. The doing SO advantageously was rem
.ered difficult Icy the bearish character of the
news Gables brought no encouragement to
holders and with the domestic market lower,
he receipts liberal and little in the way OF
hull news the market had a tired look and
he decline was easy. The selling was gen.
eral and rather aggressive. with the demand
lack, and mostly confined to the covering OF
shorts on the break. At the opening Pard-
ridge mad dozen brokers selling short, ana
got off a big line. On the break which
followed he covered a large amount
f il, but sod again on all the
hard spots. lis operations to-day
reduced his line very materially. Hutchin-
son was also Il heavy seller, using Waite 5.
v White, Lamson Bros. and Parker. The
wheat sold was generally supposed TO be the
long wheat taken on yesterday. Logan,
baldwin, Milmine Dodman and other par
ties were also loaded with selling orders,
while The scalping crowd was generally
leaning to the selling side. A small-slZed
war rumOr was thrown into the pit but pro-
IECeQ very i4ttlt eiiCCt Inc SlSe'i"iiSSS
frcm both coasts for the week show
marked falling Off, and the exports from the
three pc hts yesterday foot up only 63o,OJO
bu. December opened at 9fS4Q9S1sc, broke
to 96Iac improved to 97c and again broke to
&c, and strengthened 10 95Ac; then. during
The last hour under the continued pressure
Of sales. receded to 95S4c. back to 96lsc at
which il closed, against 9Slsc yesterday.
The corn clique was not actively trading
in that article to-day, and the market. freed
from It's interference, was weak and consid-
erably lower 1t had n succession of slumps,
and, though there were some reactions. the
decline continued 10 reach n lower level as
The session progressed. The traders felt
around for the clique at first, and were rather
vary in their operations, but becoming en-
baldened by the absence of the manipnlators
and encouraged by the appearance and pros
they sold much more freely upon each sue
cesSive break until from 56l2c october had
got down TO 53S4c. and the close was &c
higher but &c lower than yesterday closing.
There was il moderate trade in oats within
n range of l.c. closing at the bottom figure,
and t. lower than yesterday.
The provision market was from firm TO
strong for Il time near the opening, but
changed to decided weakness later i'll the
day Pork and ribs suffered more in prices
than lard. which was upheld for some time
by the reported sale yesterday tor export OF
between 1900 and 10000 tierces The failure
Of the frost 10 do injury to corn was weak
ening factor in hog products. The packers
sold freely of pork and ribs, and also moder-
itely of lard. The close was at or near the
lowest prices of the day.
.'he leading futures ranged as follows: