St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-15
CORN HAD The CALL.
Violent Fluctuations Marked
the Dealings in the
Corn Pit.
Denials and Assertions of
Great Damage by Frosts
the Motives.
Close Was But a Fraction
Above the Days Lowest
Prices.
Cholera Reports Responsible
for a Break in Wall
Street Prices.

I CHICAGO. Sept. 14.-For fckleness and eX-
= element the corn pit today took the palm.
Instead of a big advance the cereal. COM
pared with last nights prices, shows o loss of
ssc. Wheat is from ysc to I2c higher; oats
are OFF from 1Sc to Ac. Provisions closed at
declines of about 51l5c. The news of chol-
era in New York city came after exchange
hours and must be reckoned with tomorrow.
1t was. first of all today, a question of frost
or no frost. Then it was question of dam
age or no damage to the crop. The trade ex-
pected damaging frosts from many sections
of the corn belt. They bought corn heavily
On the predictions yesterday. The weather
map this morning did not show extremely
low temperatures. and a few private dis
patches made light of the frost scare ard pre-
dicted no damage. On this the marke started
with tumble of le@s4c.
After great lot of corn was dumped the
outside buying began. and later dispatches
indicated serious damage from the freeze.
The market made rebound of a full cent
on this news 1t was no sooner up than it
sold Off again to Ac better than the low
point early. There was a second rally before
midday on the second loading up for DOS
sible frost tonight This was followed by a
third weak spell before l o'clock, when
prices dropped as low as at the opening.
| The close was at Use from the bottom prices
| for the dav. Trading was very heavy. con-
siderable peing from the outside. The oper-
ators tocked away from the wheat pit 10
| take flyer in corn. The volume Of bust
ness became SO large that individual deal
lngs were lost sight of.
Wheat was exceedingly slow and generally
weak. There was an unusual dearth OF news
affecting the market and the slight changes
which took place seemed to be due almost
entirely to the fluctuations i'll corn. Pard-
ridge was said to be good buyer on all the
breaks. and Mitchell also bought freely, but
Logan and several other prominent operators
sold OH all the strong spots. depressing
influence was Bradstreet's reported increase
of 1000, 100 blu in the available stocks on both
coasts.
In oats there were numerous periods OF
strength, but they were taken advantage OF
by the longs TO sell. and the increased
offerings finally created weakness. and
prices for September, which was sold by
receivers, declined SEC. and sold at 1sc
under October The other futures sym
pathized with the weakness in the present
month and prices declined Csc, and the mar
ket closed easy at about inside prices. A
good part OF the business was In changing
September to the deferred deliveries at 40
Sac to November, I2c to December and $3.50
3I2c to May.
There was light trade in provisions and
prices, after fair action early kept in very
narrow limits. The feature of the early mar
ket was weakness caused by the very heavy
hog movement From this there was very
good recovery, entirely III sympathy with the
excited and higher corn market on frost pre-
dictions. When corn weakened late in the
day products weakened again.
Freights were steady with fair demand
for vessels at 2I2c for wheat sold, 2Mc for
corn to Buffalo. Estimated receipts for TO-
morrow: Wheat 425 cars; corn, $50 cars;
oats, 259 cars; hogs, 27,G09 head.
The leading futures ranged as follows: