St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-18
On Chicago Cham al the
Cereals WEI Very
DUils
Closing Prices We're at the
Bottom Figures Of the
Day.
Influences in Wheat Were All
in Favor Of the
Bears.
Wall Street Operations Con-
fined Principally to Clear
ing Up Accounts.

CHICAGO. Sept. 1.-THE scalping crowd
practically all cunning for one man-Leo-
poId Bloom-was the spectacle afforded to-
day OH change. They were working on the
theory that the 10000 blu or COG, $50 blu bought
yesterday by Rumsey Lightner for Bloom
were almost sure to come upon the market if
it remained weak, andthey were inclined, SO
confident were they. to participate, and help
the realization of their belief The scalpers
were not quite certain whether 100000 bu or
SO of wheat, which came through Counsel
man-Day, was or was not part of the Bloom
line they had been looking for
Aside from the Bloom episode. all the mar
kets were very dull, and prices tonight were
at the bottom figures of the day. The de-
clines amounted to lac i'll wheat. s4c in corn
oats, from 1sc to ssc; pork. Zoe; lard, 7Iac
for January, and ribs for the-same month, Sc.
The feeling i'll the wheat was in sharp con-
trast with the temper which prevailed at the
close yesterday. Then there was good de-
mand and al appearance of strength; today
there was little inquiry, free selling and ex-
IRENE weakness. Cables were easy, domestic
markets weak, the weather fine. the cholera
panic still on 10 b certain 61tent the receipts
in excess of expectations and the exports
for the week comparatively light. The esti
mates Of Beerbohm telegraphed yesterday
that the worlds wheat supply was 1S.OJO.010
bushels in excess OF its wants also tended to
discourage holders. The longs began to
hquidate, and as there was no demand prices
were steadily reduced. and showed very little
rallying power.
AS the wheat traders have in some measure
been depending upon damage to corn to
help the price of their specially. the alb
sence of further frost was a weakening factor
regarding wheat as we'll as corn. Heavy
local receipts also continued, as they hav
for some time back, to exercise dispiriting
influence.
1t was a scalping market in corn most of
the session. 1t was largely local market
also, as the country was doing but little ex-
cept sending in conflicting reports on the
damage done by recent froSts. few OF the
private wire houses had bullish news. One
special correspondent wired that the frost OF
the l4th did great damage to corn on the line
of the Northwestern railroad through Ne
braSka, and advised grain men to take a trip
and see for themselves. Other private ad-
vices were equally beariSh, saying that the
frost did no damage, and that with the better
weather indicated for the rest OF the month
the crop is as good as saved. The Prime
comment was q little mixed. 1t reported
little damage. but said that any hard frost in
September will give great quantity OF soft
corn. The movement continues heavy to this
market.
The oats market was narrow and dull,
ruling weak through sympathy with corn.
There was considerable changing from Oc-
tober to May at 3Ssc difference.
Inc provision trade was u tame aualr, WIFI
the market weak in sympathy with corn and
influenced by the fine weather. Wright was
reported to be doing what he could to sup
port price with The packing interests for
the most part apparently inclined to take
different view.
Freights were rather quiet. Rates to Buff
falo remained at 2lec for wheat and 2Ac for
corn. Monday estimated receipts are: 500
cars of wheat. AGO cars of corn, 800 cars of
oats and $1,000 hogs. The receipts estimated
for hogs for the entire week are 135,000 head.
The leading futures ranged as follows: