St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-22
HIGHER AT THE CLOSE,
Cereals on Chicago Change
Weak and Lower Early in
the Session.
But a Reaction Set in and
More Than Made Up the
Losses.
Wheat Closed Strong and at
Nearly the Top
Prices.
Narrowness Marked the Deal
ingS in Stocks on Wall
Street.

CHICAGO, Sept. 21.-About all Of the lead
ing articles dealt in on the board of trade
were weak and lower this morning, and the
tendency was downward during a good
deal of the forenoon. Later, however. bet
ter feeling prevailed, and the early losses, es-
pecially in grain, were recovered, with some
thing to spare.
In the face of early generalization in corn
and some pretty free offerings by others, who
hoped to induce Bloom to let 60 of his long
stuff. the wheat market was firm, ana when
the pressure was removed it soon reacted.
There was not much Importance attached to
the news. and, in fact, there was little of any
kind, but trade was very slow and narrow.
Cables were lower early, domestic mar
kets slow and above all corn showed a
very considerable slump. This distrust
started prices off, when good deal of the
wheat bought yesterday came out, and short
sellers took courage and sold generously
These offerings in the absence of any en-
couraging news and very little demand
gradually caused loss of lsc from opening
figures.
Partridge sold considerable December
early. but covered most of it on the subse-
quent decline. Milmine.Bodman, Norton
Worthlngton and Schwartz-Dupee were also
good sellers. A5ter the decline were was a
period of steadiness, on estimated light re-
ceipts for tomorrow. On predictions by
the signal service of general cool
wave tomorrow, all improved export
demand at the seaboard. unsettled
weather in Great Britain. and slightly
better tone IN the later cables, together with
bullish dispatches i'll regard to the YIELD
quality and prospective movement of the
crop in the Northwest a reaction set in
which carried prices un about 1c. the market
closing strong within lsc of the top Decem-
Der oDened unchanged at 75I2c sold down to
751Sr, reacted to 76lsc and closed at 76c.
Corn was decidedly weak and lower. Octo-
Der selling Off Mt one time fully cent below
yesterdays close, but May did not shrink
quite as much. On the break, however
there was enough demand from shorts to
cause sharp reaction. Crop reports cover
ing most of the corn states were
a much better condition than gener-
ally anticipated. and. as the weather
was perfect no frosts experienced or even in
sight, there was great haste i'll marketing long
corn, which has has been held in antcipa-
ton of frost bulge. But there was very
fected by making concessions. and q sharp
decline resulted. On the heavy decline
shorts took hold freely. and prices rose
sharply with the close near the top Ccto-
Der opened S4c lower at 45Ac. declined to 45c.
advanced TO 46sBc, and closed at 461sc.
Oats were weak and In sympathy with
corn, but reacted with 1t and closed with an
advance of about l2c.
Hog products were weak early. but finally
recovered at the decline, and closed at about
medium figures. having fluctuated during the
session within narrow range.
Lake freights steady at 2Ac for corn to
Buffalo. Estimated receipts for tomorrow:
" heat. 3S3 cars; corn, 3S5 cars; oats, 213 cars;
hogs. $4,000.
The leading futures ranged as follows.