St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-09-05
Were the Governing Factors
in a Market Of Moderate
Activity.
Deals in Wheat Were Infpe-
quent--Coru and Provis-
ions Go Up.
The Close in Pork Shows a
Gain Of Thirty Cents, Rye
Also Gaining.
More Strength and Larger
Trades on Wall Street,
Dun'S Review.

CHICAGO, Sept. 4.-Only a moderate bust
ness was transacted i'll wheat and while
prices were subject to numerous fiuctua-
tons, the changes were within smaller range
than usual. The market was governed a
good deal by speculative operations-accord-
ing to which way the majority of the orders
happened to be, whether on, the buying or
the selling side.
Wheat showed little strength around the
opening, influenced chiefly by the fact that
cables quoted Liverpool s4d higher on
futures. There was some good buying on
the start, partly by the local professionals
and partly on outside account. New York
had some buying orders at the opening, and
there seemed to be but little for sale.
The first trading in December was around
81 and Sl.014, the market getting q little
strength from the excitement which ruled in
the provision pit. But the demand soon
slackened, and New York turning sharply to
the selling side, that market and the North
west being weak, there was an irregular de-
cline to S1001s, but the decline reached
good many buying orders. and rumor gain
ing currency that Germany was to remove
part of the dnties on American grain, there
was something of rally, December going
back to S1.01.
A New York telegram said the reduction in
the German duty on wheat was only 10 per
cent, or equal to about 2t2c per bu, instead of
10c per Blu. But both reports were discred-
tied and soon ceased to have any influence
A Paris cable to n-Worthingtons quoted
q downward tendency in wheat a decline in
flour and weather brilliant. Logan got a
cable reporting No.2 red 2l2d lower in Liver
pool and LONDON; also showing q decline
with the excitement in the provision pit sub
siding; there was a decline to 81 .00I2 at noon.
hn mar lynt vnuH linin fn
Sl00A. but rallied near the close and closed
at Sl.01. The board of trade closing cable
quoted No. red winter In Liverpool, Sd
lower. Beerbohms late cable said Liverpool
was s4d higher. Berlin showed an advance
of marks, but Antwerp was lower and Paris
10 centimes lower
Corn was lower owing to the fact that the
anticipated frosts did not materialize. There
was light one at Des Mones-too light-but
otherwise there was no appearance of one in
the corn belt. AS the market was bulled yes
terday on the danger OF frost. the failure OF
the prediction knocked out the prop and
decline followed. October opened at 500
59lec, though there were few lots but broke
steadily to 5Si2o. Then there was gradual
hardening owing to the strength in provisions
and the large demand from shorts, with n re-
action to 59l2c. eased off and held for time
around 59Ac; then sold up sharply to 60l2c.
The clique was said 10 have sold freely on the
advance. After noon there was break to
595Bc, reaction TO 60lBc; the market held
around QUO LOT some time, Out nnaliy weak
ened and closed at 59s4c. The advance TO
60I2c was on a scare about manipulation and
indefinite rumors of frost. Owing to the
fear of manipulation in September and Oc
tober the trade is rapidly drifting into the
year and May deliveries.
Oats were comparatively steady, with the
fluctuations in October confined to range
of Sac closing with lsc advance The re-
ported reduction In the duty on grain caused
a furry in rye, especially as there were for
eign buying orders on the market, and that
cereal scored an advance Of 3l2c.
Provisions were excited by the announce
ment that Germany had removed the en-
barge on American hog products. The crowd
was caught short and made haste to cover.
October pork sold from S1C.72l2 to S1005,
broke to 5000, reacted sharply and closed at
5000. against $1,000 at the close yesterday.
Lard gained 15020c and ribs 17I2@20c.
The leading futures ranged as follows: