St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-18
SQUEEZE FOR THE SHORTS
DRY WEATHER AND HEAVY EXPORTS
SENT WHEAT UP.
SPLENDID BANK STATEMENT.
More Than Ten Millions of Sur
plus Reserve. and the Deposits
Increase Nearly Three and a
Half MilliOns-Dull and Life.
less Stock Market - Majority
of Stocks Down.

CHICAGO, Sept. 16.-A squeeze for
the shorts in wheat was the result today
of the dry weather and heavy exports.
The demand sprang up all at once. Of
ferings were light and an advance of
115c was easily established, but it did
mot all hold. Two-thirds of it stuck,
however, lie being added to last nights
closing prices. Corn was depressed by
liberal offerings from longs, and lost &c
of Its former value.
Provisions were irregular but averaged
higher.
Wheat exhibited good deal of fever
ishness.
The leading bull factor was the enor-
nous exports of wheat and flour for the
week, which were reported at $3.50, 900
bu against 100000 blu week ago, and
1855, 600 Blu the same week last year.
The dry weather in the winter wheat
belt continues and seeding is still de-
layed. Shorts quickly got excited. But
the failure of cables to respond and the
heavy realizing on the advance caused
decline.
Corn was strong and higher early in
Will III Wl6dIs
But the selling was enormous on the
advance, and when it was known that
1000 cars were expected Monday the
feeling became very weak, and prices
went off &c.
The closing was &c from bottom.
Oats were slow. While slow at the
start the market soon followed corn,
closing at the inside with Loose loss.
Lard was in some demand. for the
reason, 1t was said, that the dry weather
was curtalling the production of butter
and that the cheaper article was there
fore being substituted. Support which
packers gave to ribs at the start was
withdrawn later, and they took the op-
pOsite course by selling rather freely.
The governments estimate that the hog
crop of the year is 90.2 of last years
production and 81 of that seasons con-
dition was generally secuted as quite
out of keeping, both with the receipts
and the weight of Tho hogs of this sea-
son.
Compared with yesterdays closing.
prices are TIC lower to 15c higher.
FreIghts dull; rates unchanged.
Estimated receipts fOrMOnday Wheat,
200 cars; corn, LOCO cars; oats, 44O cars;
hogs, $4,000. and next week 1885, 600
Cash quotations were as Follows:
Flour quiet, firm; Wheat-No. 2 spring,
6s3lC@5sc; No. 8 spring. 631lc; No.
2 red, 6S$I@sc. Corn-No. 2, 4O15c.
Oats-No. 2. 26c; No. 2 white, 2S15@
29s4c; No. 8 white, 271a@2S%c. Rye
No. 2, Acc. Barley,-N0. 2. nominal.
Flaxseed-No. l, sl.0215. Timothy Seed
Prime, 1928. Mess POrk-Per Dbl.
s16.30@16.35. Lard-Per 100 lbs. IS. 75@
SS5. Short Ribs Sides doose), S1O.25
@10.30; dry sailed shoulders (boxed),
S7.25(97.50; short clear sides (boXed)
S9.75@1O. Whisky = Distillers' fin
ished goods, per gallon, Slip. Sugars
Gut loaf, Csc. Receipts-Flour. 49,
600 bbls; wheat, 10000 blu; corn. 49,
900 bu; oats, $4,000 bu; rye, 1900 bu;
barley $4,000 blu. Shipments - Flour,
$1,000 bbls: wheat, 124,000 blu; corn,
431, 900 bu; oats, 347.000 bu; rye, none;
barley, 5000 bu. On the produce ex-
change today the butter market was
Irregular; creamery, 23@27c; dairy,
15925c. Eggs, steady at 15c.