St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-19
BEARS IN CONTROL.
On Chicago Change All the
Cereals Were Very
Dull.

CHICAGO, Sept. 1.-THE scalping crowd
practica ally all cunning for one man-Leo-
pold Bloom-was the spectacle afforded to-
day on change They were working on the
theory that the $3.50 o bu or $780, $50 blu bought
yeste rday by Rumsey Lightner for Bloom
were almost sure to come upon the market If
it remained weak. and they were inclined so
confident were they, to participate. and help
the realization of their belief. The scalpers
were not quite certain whether 100000 blu or
SO of wheat, which came through Counsel
M inlay. was or was not part OF the Bloom
line they had been looking for.
Aside from the Bloom episode, all the mar
k, S were very dull, and prices tonight were
at che bottom figures of the day. The de-
clines amounted to l2c i'll wheat, eac in corn;
oats, from Isc to sSc; pork, 10c; lard, 1l2c
for January and ribs for the same month, &c.
The feeling i'll the whea. was in sharp con-
trast with the temper which prevailed at the
close Yesterday. Then there was good de-
mand and an 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 to a certain extent, the receipts
in excess of expectations ana the experts
for the week comparatively light. The eSt1
mates Of Beerbuhm telegraphed yesterday
that the worlds wheat supply was Isl oJo
bushels in excess OF its wants also tended 10
discourage holders. The longs began 10
louidate, aud 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 10
helm the price of their specially. the ab-
sence of further frost was weakening factor
regarding wheat as we'll as corn. Heavy
local receipts also continued, as they nav
for some time back, to exercise dlsplrltlng
influence.
1t was d scalping market in corn most OF
the session. 1t was largely local market
also, as the country was DONG Dut nttie ex-
cept sending in conflicting reports on .ile
damage done by recent frosts. A few OF the
private wire houses had bulilsh news one
special correspondent wired that the frost OF
the 14th did great damage to corn on tne me
of the Northwestern railroad through Ne
hraska. and advised grain men to take trip
and see for themselves. Other pr1VaIe al
vices were equally beariSh, saying that tne
frost did no damage, and that with the better
weather indicated for the rest OF the month
the crop is as good as saved. Inc Prlme
comment was little mixed. 1T reported
little damage. but said that any hard frost IN
September will give great quantity OF sou
corn. The movement continues hea'y W lnls
market.
The oats market was narrow and dull,
ruling weak through sympathy with corn.
There was considerable changing from De-
tober to May at 3SBc difference. 80
The provision trade was tame afralr, WIN
the market weak in sympathy with corn and
influenced by the fine weather Wright was
reported to be doing what he could 10 sup
poit price with the packing interests for
the most part apparently inclined to take
efficient view.
Freignts were rather quiet. Rates to buf-
falo remained at 2l2c for wheat ana FAC ior
ere. Monday estimated receipts are: o.!
cars of wheat. $50 cars of com, 300 cars OF
@. is and 900 hogs The receipts estimated
for hogs for the entire week are l35: O0o mead.
The leading futures ranged as follows: