St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-24
FAVORED THE BEARS
Cereals ON Chicago Change
Close Lower Than the
Opening.
Wheat Closed Weak at Nearly
the Bottom Prices of
. the Day.
~ D'
subsistence Of the Cold Wave
Had a Depressing Effect
on Corn.
More Confident Feeling in
Values Exhibited in
Wall Street.

CHICAGO, Sept 23.-Wheat opened quiet at
ABOUT yesterdays closing figures. and held
toieraply steady for time. though finally
oeVeoplng considerable weakness and sell
ing on l2c below yesterdays close. The
puiiish Ieellng which was SO rampant yester-
DAY was good deal softeued and modified,
although early cables showed considerable
strength and some advance in English mar
kets The receipts in the Northwest were
larger than eXpected-373 cars-and there
was nothing of a bullsh nature in the way
OF crop information. The most nervous
shorts seemed to have covered on the excite
ment yesterday, and there was little demand
from that interest, while the offerings were
more liberal
Inc advance has had the effect of bringing
out good deal of long wheat which showed
proht to the holders, which they were ap-
parently anxious to secure. There was also
more disposition OH the part of the bear ele-
ment to sell short. With these liberal offer
ngs and only Il moderate demand the mar
ket soon grew weak. New York and ST.
Louis operators were heavy sellers, and there
was also rumor that Kent and Linn, and
possibly Bryant. had quitt lv marketed a good
deal OF their Tong wheat and taken profits.
but this was stoutly denied in some quarters.
Logan. Poole, Schwartz Dupee and Bennett
were Tree sellers. Brosseau, Mitchell and
Mllmine-Bodman being good BUYERS. The
me weather, the probability of heavy in
crease IN the visible supply for the week, and
the hight seaboard clearances were also weak
enlng factors. AT the bottom there was good
buying Oh Letter cables and a rally of Zoe
Ihen in the afternoon the bear contingent
began 10 sell, and ptIces broke s4c. closing
weak nearly at the bottom figures December
opened at &c, sold at 77s4c, sold off to 76I5c.
rallied to nc. declined quickly to 76Lc. and
closed at 16SSc.
corn was lower, influenced entirely by the
continued fine weather. The cold wave
Whicn was feared yesterday is no longer in
slgnt ana the crop is so rapidly reaching ma
turity that 1t begins to look as though one
couIo not do much harm if il should come
Inc erect OF thisswas to bring a large amount
CT iung corn OH the market as well as to en-
courage short selling with consequent lower
prices; me market, however, responded 10
the rallies in wheat, and the loss for the day
was not marked. Toward the close there
was sharp buying by shorts to cover, which
brought mai prices near yesterdays closing
ngures. October started at 43Ssc a decline
from yesterday of ssc, 1old a. 45lac. ad-
vanced TO 45fsf145a4c, reacted TO 1890, raj
Iled to 4ic, weakened and closed ut 45lac
closed slightly under yesterdays final
hgures. Hog products were quiet, but ribs
gave another evidence of the ease with which
lhey could be manipulated BIZ going up to
SS - for october, having closed yesterday at
$50: January sold up to S6.2a against
So.lTt2 at the close Yesterday. Pork and lard
show only slight advances. Lake freights are
unchanged.
Estimated receipts for tomorrow: WheaL
5l5 cars; corn 575 cars; oats. 80 cars; hogs,
1900.
The leading futures ran1ed as follows.