St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-19
CORN WAS the LEADER.
MARKET ADVANCED IN SPITE or
ENORMOUS RECEIPTS.
WHEAT CLIO SEES SOME LOWER.
Silver Cloud Resting Over the
Monetary Situation Prevents
Favorable Conditions From
Having Effect on the Stock
Market-The List as a Whole
Characterized nv Sfeadiness

+ characterized by Steadiness.
r. CHICAGO, Sept. 1S.-Corn was leader
today in activity and strength. The
market for that cereal advanced in
spite of enormous receipts. Wheat had
a good deal to contend with in the
shape OF break in the weather, the in
creaslng primary market receipts and
visible supply, and it succumbed to the
extent of re decline. Corn had also
much to bear up against, but the bulls
in that article, instead of forgetting all
the strong features of the situation, ap-
pearcd to have concluded that their
buying could be more advantageously
done now than if they waited until the
receipts dried up. The market closed
with gain of about 15c. Provisions
were stiff Oh the yellow fever news.
Wheat at the opening was sS@5Ec
lower. and quickly sold off sc more tor
December, then advanced &c, again
weakened, and prices declined 150%c.
ttuctuateG somewhat, and the closing
was about 39@12c lower for December
and &c lower for May than the closing
figures Saturday. English cables were
I'D lower; there was an increase of
100000 bu in quantity of wheat On
ocean passage, the shipments from In
dia were larger, it rained, which was
more favorable for fall blowing and
seeding. There was pretty free selling,
and the market turned decidedly weak
when the visible supply showed an in
increase of 1,19l.000 blu against an
increase of 2,65l ZOO bu a year
ago. The firmness IN corn was due
in a measure to the quite liberal
shipments reported from this mar
ket. The increase in the visible
supply-S05, 900 bu-was smaller than
generally anticipated, and this had a
stimulating effect temporarily. Shorts
purchased rather freely, and the ''long"
interest enlarged their lines. Opening
prices were &c lower, but soon a grad
ual improvement of 190s4c was gained,
the near deliveries showing the greater
strength. During the middle of the
session the feeling was quiet,a prices
rather easy-settling back 3s@15c. At
the decline the demand improved con-
siderably, especially for May delivery,
and prices rallied to outside figures, and
the market closed strong.
There was weak ana lower opening
in oats. Sales were at 1s@4c decline,
but later stronger feeling developed
and prices advanced 5000, and the
close was strong at about the top, with
a net gam OF 4@2Sc. Trading was only
fair. The visible supply decreased
1910 bu,b the local stocks increased
1900 bu last week.
There were few buying orders from
the outside in the provision pit, but it
was found impossible to fill! them at the
price they were limited to for want of
sellers. A bid of the previous quotation
met with no response when an attempt
was made to fill buying order and
prices were advanced upon very few
trades.
Compared with Saturday night, pork
is up 3241ac, lard 1213c and ribs 1215c.
Freights were firm with fair de-
mand at 11sc for wheat and 11Ic for
corn to Buffalo.
Estimated receipts for tomorrow:
Wheat, 300 cars; corn, 1,450 cars; oats,
$40 cars, and hogs. $4,000 head.
The leading futures ranged as follows: