St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-01
PRICES RULED LOWER.
All Values on Chicago Change
Closed Weak and
Lower.
Cereals Fluetuate Some, but
Trading Dragged Late in
the Session.
p 7Ic
Hog Products Join the Cereals
and Lower Prices Are
Reached.
g %
Wall Street Values Hold Firm
in the Face Of Heavy
Realizing.

+ CHICAGO, Sept. 3O.-Quick, slippery turns
aid weak, close market today in the grain
pits. Provisions were put on decidedly
lower shelf. Compared with last night wheat
is &c lower for December, and l2c lower for
May. October corn is 1c lower. and May
from 4 to ssc lower. October pork is 47lac
lower, January has declined 2112c, and the
following losses occurred in lard and ribs
Lard, 2lac for October, and 12t2c for Janu-
airy; ribs, 55c for October, and 13I2c for Janu-
airy.
The selling out of SO much 10 ng corn yes
terday made the general trade pretty we'll
discouraged. Ii 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 reaction after an early dip today.
The market responded with 4 recovery of
nearly lie Ill the May price at the hour when
wheat showed Improvement. Later, when
wheat broke under 7Gc. 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 Gay was 4J1 cars. The Saturday estimate
was 30 cars. The out inspection was light
at recon u The weather was most perfect
for the last of September. There was moth
ing but the relatively lower prices TO tempt
buyers.
Another day of heavy trading was expe-
rlenced by the oats crowd, the market huCtu-
atng with corn, and closing from 1sc 10 $Sc
lower AS was the case Yesterday, there was
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
sde giving The price lit of l2c. This was
the result of filling all order Tor Leopold
Bloom and the trade followed for time.
When il was found that the leader was easily
satisfied the followers sold out again and
the price went l4c below last nights closing.
reacting lsc at the wind-up.
It was current gossip that SO, 900 bu or there
about of the wheat bought yesterday at 76c
was taken by Leopold Bloom, and that brok-
ers ford. q. Adams had absorbed as much
as :. 900, 600 bu at the same price. The Adams
edge possessed by the buyer, who
owns large farm in the North
west. of the inferiority of this wears
spring wheat crop. Those individual opera
tons have, OF course, no bearing upon the
ultimate course OF the market but taken in
connection with the small proportion of con-
tract wheat i'll the daily receipts they affect
local opinion and temporarily create anx-
1ety among the shorts.
The receipts from the country continue OH
an enormous scale. The outlook is for
4,o0aC0G bu increase in the visible sup
ply statement next Monday. which. if real
IESo, NOuio OiiiS tiiC tOtdl SlOSc UP W OJ,cOO,-
0O bu. with al least thirteen weeks of fur
Their accommodation TO look forward to.
The total amount in the visible supply Janu-
airy last was i'll the neighborhood of T.. 900, 0G0
bu. or about what it amounts to now.
The provision trade was greatly mixed
during the session. There was n let-up in
the aggressive action of manipulators in Oc-
tober ribs. The price was held at So SO bid
during the morning, and let down TO nomi-
nal closing at 500. IL is now believed that
the packers, il heavily short will allow the
manipulation 10 have its run and settle at
the end of the season. Trade was tame the
balk. OF the business being in the way of
spreads between the near and more distant
futures. r-.-=s. .s=., ,-.
-Freghts held steady at 2Ac for wheat and
&c for corn to Buffalo. Estimated receipts
for tomorrow: Wheat. $40 cars; corn, SIS
cars; oats. 800 cars: hogs. 1890
Inc lending futures ranged rs follows: