St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-16
CHOLERA A WEIGHT.
New York's Cholera Cases a
eSinbad to the Chicago
Market.
All Cereals Closed With Sub
stantial Losses for the g
Day.
Fears Of the Bears About the
Only Thing That Held
Prices.
Wall Street Feels the Effect
of the Pest in New
York.

CHICAGO Sept. 15.-If anybody was expect
Ing panic in the wheat pit today the expec-
tatlon was vain. Nevertheless. cholera chung
to wheat, as well as the other markets. like a
veritable Sinbad, and tonight wheat, COM
pared with Yesterdays closing prices is 1Isc
lower; corn, Csc lower; oats, about l2c off.
Provisions are also lower by 1712c on pork,
7l2@foc on lard and from SC to lie on ribs.
The depressed feeling which was carried
over from last night as the outgrowth of the
New York cholera scare weakness in the
corn pit, the narrowness and dullness of
trade, with the absence of anything
bullish in the way of news, made
VIII eat weak at the opening. But there was
no great slump and the fact seemed to be
that the price was already so low that ope-
rators hesitated to sell it, however bearish
the situation may appear, and If they did,
were disposed to buy 1t back on the first ap-
pearance of strength. The cholera scare
was undoubtedly weakening factor. and
caused a frequent liquidation of wheat and
there was more or less short selling; still,
this was not very pronounced feature and
the weakness was due more to the absence of
demand for such was offered rather than
10 any great selling rush.
The French wheat crop was officially re-
ported cat 100000, 900 bushels or I5 0U0 coo
bushels more than heretofore estimated, and
corn was also weak and lower. This led to
free liquidation by the longs and
weak market. Schwartz Dupee, Ken
nett-Hopkins, Logan and Baxter all
sold freely. with the buying mainly confined
10 shorts. Poole and Mitchell each bought
good line Shortly before the close of the
session dispatch was received from New
York that the Bohemia had arrived and re-
ported ninety seven deaths from cholera on
board. This was subsequently denied. but it
caused a break of fully PC The market
opened lac lower, declined SEC, with the
fluctuations within limited range, reacted
slightly broke 6sc, and closed at about the
bottom for the day.
Corn was only moderately active the trade
being of much smaller volume than usual of
late. The frosts that were expected and
which it was believed would greatly
injure the crop did not appear. Hence
holders got discouraged and sold out
While, there were some frosts in the North
west, 1t did not apparently extend into the
corn belt. and was not regarded as a damag-
ing factor, and long corn. which had been
held in anticipation of a damage scare was
for sale i'll large quantities Some of the big
bears took advantage of the situation to raid
the market. Champlin being conspicuous in
this. Cholera talk was quite a factor. The
Price Currents report was looked upon as a.
little bullish, but did not have the effect it
might have had under different conditions.
The local crowd sold freely from the start
initial trades being 40I2c under final figures
OF yesterday. and soon sold off, with little
9c6sa7Sf i"iiiSu r41bSoS oIi Wv Ci
by shorts, again ruled weaker, selling off Ice
advanced Ice, off l2c, and closed ssc from
the bottom.
The trade in oats was light. September
ruled weaker, selling at Ac under October,
whereas it was only lsc under yesterday 1t.
was thought that Norton-W orthington had
sold some of their line. but if such was the
case the quantity disposed of was small.
Provisions were tame. There was no sup
port in any product except October ribs
The pork market was raided early'by Bald
win and others supposed to be in the interest
of Armour. Armour Swift q Morris brokers'
were called buyers of January pork while
selling October. f
Estimated receipts for tomorrow-Wheat,
800 cars; corn. 3lS ears; oats, 1s3 cars and
2S,o00 hogs. There was fair call for vessel
room, and rates held steady at 2I2c for wheat
and 2Ac for corn to Buffalo,
The leading futures ranged as follows: