St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-01
PRICES RULED Lower.
- "s e
All Values on Chicago Change
Closed Weak and
Lower.
Cereals Fluctuate Some, but
Trading Dragged Late in
TO the Session.
81
Hog Products Join the Cereals
n and Lower Prices Are
Reached.
1t
Wall Street Values Hold Firm
in the Face Of Heavy
Realizing.

CHICAGO, Sept. 30.-Quick, slippery turns
and weak, close market today in the grain
pits. Provisions were put on a decidedly
lower shelf. Com pared with last night wheat
is Ac lower for December and lac lower for
May. October corn is 1c lower. and May
from u to 38c lower. October pork is 47l2c
lower, January has declined 21I2c, and the
following losses occurred in lard and ribs:
Lard, 2lac for October, and 12lac for Janu-
airy; ribs, 55c for October, and l3I2c for Janu-
airy.
The selling out of SO much 10 ng corn yes
terday made the general trade pretty well
discouraged. 1t has been such hard work on
the bull side of this market tor weeks that
the bulls are slow 10 take hold of the corn
even after the big decline the past few days
There was disposition among few houses
to buy for a reaction after an early dip today
The market responded with recovery of
nearly lie III the May price at the houri when
wheat showed improvement. later. when
wheat broke under 7Cc. the corn bulls quickly
sold out again, and the market continued TO
drag to the close
Everything was against the market. The
receipts were 100 cars. The contract corn for
the cay was 497 cars. The Saturday estimate
was 5o5 cars. The ont inspection was light
at 11l0Oj bu The weather was most perfect
for The last of September There was moth
buyers.
Another day of heavy trading was expe
rlenced by the oats crowd, the market fluctu-
atlng with corn, ana closing from lsc to Ssc
lower. AS was the case yesterday, there was
a considerable quantity OF long oats thrown
upon the market. while the shorts were not
particularly urgent in their demands.
The wheat trade had a stupid session.
There was only one little stir on the buying
side, giving the price lift of l2c This was
the result of filling an order for Leopold
Bloom and the trade followed for a time
When il was found that The leader was easily
satisfied. the followers sold ont again and
the price went &c below last nights closing
reacting lsc at the wind-up.
1t was current gossip that 1000 buO or there
about OF the wheat bought yesterday at ice
was taken by Leopold Bloom, and that brok-
ers ford. z. Adams had absorbed as much
as 2,5O0,0G0 bu at the same price. The Adams
buying was said to be based upon the knowl-
edge edge possessed ,saaa BY the buyer, who
west of the inferiority of this wears
spring wheat crop. Those individual opera
tlons have. OF course, no bearing upon the
ultimate course OF the market. but taken in
connection with the small proportion of cDn-
tract wheat i'll the daily receipts they affect
local opinion and temporarily create anX-
iety among the shorts.
The receipts from the country continue on
an enormous scale. The outlook is for d
4,e00,G0G bu increase III the visible sup
ply statement next Monday. which. if real
lied, would bring the total close up to 80 &c.,
- bu. with at least thirteen weeks of fur
Their accumulation to look forward to-
The total amount in the visible supply Janu-
AIRY last was i'll the neigh borhood of 45. 900, 900
blu. or about what it amounts to now.
The provision trade was greatly mixed
during the session. There was q let-up i'll
the aggressive action Of manipuators in Oc-
tober ribs The prce was held at Sl9.5J bid
during the morning, and let down to q nomi-
nal closing at Sg;9j. It is now believed that
the packers. if heavily short will allow the
manipulation 10 have its run and settle at
The end of the season. Trade was tame. the
bulk of the business being in the way of
spreads between the near ana more distant
futures.
Freights held steady at 2hc for wheat and
&c fer corn to Buffalo. Estimated receipts
for tomorrow: Wheat 81 cars; corn. 5S5
cars; oats, 800 ears: hogs 5000.
The leading futures ranged as follows: