St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-08

ADVANCE.
CHICAGO. Sept. THE corn pit to-
day was the center of attraction. The
continuation of the dry weather and the
reports of the injury it is doing caused
that cereal to make nc jump. but it
had dropped the 1c and retained only
the &c Improvement at the close. Seed
ing of wheat is being badly retarded by
the drought also, and that article rose to
&c above its yesterdays closing price,
but closed with a loss of both today's
and yesterdays advances. Provisions
ruled firm but dull, Land closed generally
higher except for January delivery,
which in pork is l0c lower and in ribs
215c lower.
Outside orders were more numerous,
and the local crowd who were short
were more disposed 10 cover, creating
an immense demand. Many of the
prominent buyers of yesterday were
increasing their holdings again today,
evidently anticipating still further
improvement in price. The leading
seller of yesterday continued to increase
his short" line, letting go about 100000
bu on Ntodav's upturn. The weather
was still dry and hot ali over the corn
belt. and the Price Currents statement
read as follows; "Dr0utn in corn belt
unkrOken. This crop lrreparably shorl-
| ened. The surplus states expected to
produce same aggregate quantity as last
year, with smaller supply of previous
growth. Consumption enlarging under
lack of pasturage."
Outside markets were up anywhere
from 4@1c, and cables came in with
spot firm and I'D better. and futures
steady at I'D advance. Receipts were
not quite up to the estimates. Market
opened firm at 115@34c advance, and I'M
der an urgent demand, and moderate
offerings sold up quickly with little re-
action 2S(0lc. At the advance consider
able realizing took place, which carried
the price back &c. rallied 14@5sc, ruled
easier, and at the close was 3S016c
| higher than yesterday.
There was considerable outside buy
ing in wheat, but the advance induced
free realizing by parties who had been
buyers the last few days, and a reaction
set in. The influences early were all
more or less publish" Later, when
the receipts i'll the Northwest became
known and the continental cables came
in lower, there was less confident feel
lug. Dut INC principal IcdSOD LOT TIE
decline was the desire To aScept profits
| on purchases made at lower prices.
There was liberal trade and an I'M
settled feeling. Prices for May, which
was the leading future, advanced %c in
sympathy with wheat and corn, but
| when they weakened oats followed and
| all the advance was lost. the last sales
being at about the Same prices as yes
terdaY except for September, which was
/ &c higher. The outside trade was light
| and the market had no good support on
| the break. Shippers bought freely ami
sustained the price for September.
The provision market as for days past
was practically at q standstill. Nothlug
was doing locally, and there were no
orders from outside.
The demand for vessel room for Buff
falo and Georgian Bay was moderate at
11ac for wheat and 1879 for corn to Buff
falo and 13sc for corn TO Port Huron.
Kingston room was not wanted as the
elevators there are blocked. Rates on
corn were easier at 2$lc.
Estimated receipts for tomorrow: :
Wheat, l55 cars; corn, go cars; oats,
$50 cars; hogs, 2l,0O0.
The leading futures ranged as follows: