St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-28
STRONGER AT CLOSE.
Cereals on Chicago Change
Weak Early in the
Session.
British Reports Make a Strong
moo Market Later in the
o5 Day.
Poor Showing Of the Iowa
Report Causes the Strength
in Corn.
Stock Movements in Wall
Street Marked by Ir-
regularity.

CHICAGO. Sept. Eft was a see saw on
change today. After weakening early. the
markets for wheat and corn became broad
and strong at the wind-up. The closing firm
ness III wheat was due largely to the report
of very heavy export demand. Corn raj
lied chiefly on the poor showing of the Iowa
crop report and the liberal freight engage
ments reported here. vessels having been
chartered for 200 blu. Compared with last
nights close, wheat, notwithstanding the
late recovery, shows 15c decline Corn has a
gain of lac. Provisions are shade easier
There were a few outside buying orders in
wheat at the start, and with stronger cables
and little for sale the market showed some
strength. But when these orders had been
filled trade became slack, and then the many
bearlsn features of the situation began to be
felt. The receipts in the Northwest were
again large-1,G27 cars. against 933 cars for
the same day last year-and the amounts re-
ceived at the primary points footed up 1875
600 bushels against 1.44S010 bushels a
year ago. Liberal worlds shipments and
the immense movement from Russia, with
considerable short selling. resulted in the
weakness noted. The buying was scattered
while some of the leaders, such as Logan,
Lester ana Partridge, were doing good deal
OF selling. New York messages reported
fresh cholera cases III quarantine. and the
estimate of Csc cars for Wednesday increased
the depression.
During the last hour the market turned
very strong on much higher cables. and re-
port that French operators were buying
wheat i'll this country. y Minneapolis mes
sage said wheat in the Northwest was not
threshlng out as expected. N. b. Ream re-
turned 10 the floor today after several months
absence, and \. K. Fairbank was enticed as
near the wheat pit as one of the big commits
sion houses down stairs Attention was di-
rected today TO the small proportion of the
contract grade in the daily receipts The
proportion deliverable upon contracts being
received here daily is about car loads in
100. The opening was about the same as
Yesterdays closing. advanced lac. then de-
clined 54c. ruled steadier, and the closing
was about "a from the top prices.
Corn was quiet. The absence of frost and
the favorable weather for the crop started
prices Off some, but there was some reaction
later on the good demand whicn sprung up,
presumably TO cover shorts. May was weaker
than October, as good deal of the business
was in buying October and selling May The
Iowa crop report, placing The yield OF
corn in that state at only 175,000.Q00 bushels
against 350,0)e,010 bushels last, turned prices
UP some during the last hour. The course
of wheat probably helped corn some also
Another fac; Or was the possibility of a freeze.
The Burlington and other leading corn roads
report greatly increased demand for cars.
The Withdrawals of corn, too, are heavy.
The out inspection for the day was 1856 600
bushels. This largely counteracts the effect
OF the great receipts. The market opened
at a fractional decline and sold off 3sc. raj
lied, recovering the break, but again ruled
easier, declining ssc, firmed up ssc, became
steady and closed at the highest point of the
day.
In oats the feature was the free selling of
October by longs and the demand being
light. the price receded aSc and closed at
nearly the bottom. The difference between
October and May which was 37s@ic yester-
day. widened to 4Gs4Isc.
Hog products were generally weak and
lower. The most nervous shorts seemed to
have covered on the excitement Yesterday.
and there was not much urgency today.
Closing prices show declines of from Pig TO sc
in pork and from 2l2 to l0c in ribs. Lard
closed unchanged for october and 7I2c lower
for January.
Shippers were inquiring for vessel room
more freely; 2I4c for wheat and &c for corn
to Buffalo. Estimated receipts for tomorrow
Wheat CSC cars; corn, 9l3 cars; oats, "a,
cars; hogs, $4,000 head.
The leading futures ranged as follows: