St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-15
Low POINT OF The YEAR.
DECEMBER WHEAT At Owe TIME
TOUCHED 50 81 CENTS.
HEAVY RAID.NG BY BEARS

Corn, Oats and Provisions All
Take a tumble Down the
Slide - Unsettled Feeling on
Wall Street Results in Fever
ish Trading-S Slight Advance
on Most Stocks.
CHICAGO. Oct. 1.-the wheat trade
had hard time OF it today. Later in
the session the bears pressed the sell
ing and forced prices TO the low point of
the year. December broke the last half
of the hour to 6334c, and closed nc
under last night at 637sc. This was 215c
of Tor two days. Charters were 227,OO0
bu for wheat, but nothing can appar-
emily prevent a large increase in stocks
here for the week. and all enormous in
crease of 2.OOO,OOO bu or more in the
visible supply. The dilatorinesS Of the
senate concerning silver continued as a
weakening influence.
Corn is l15c lower, oats from Il to re
lower, and provisions likewise yielded
TO the general heavineSs.
There were TO cables and practically
no news from the East, nearly all the
wires being down, and operators were
left somewhat at ease.
This gave the bears an excellent OPP
portunity for raiding, and they I'M
proved it. If wheat or other cereals mad
any friends they hardly showed them
selves. The market yielded easily on
hostile bear demonstrations,a and showed
no lallying power. Holders who have
been braYcly fighting the decline for
NUaalys ,rnt IaIuprally,4I and LET go. Stull
loss orders BECAME operative and selling
on exhausted margins, completed the
decentralization. Nothing seemed favor
able for the cereals; the exports for the
week were light. the deliveries in the
Northwest were again large, and the de-
mand was even less than yesterday.
On the break. Partridge covered
good deal of his short line and Brant
Walker did the same, but the demand
was nil in comparison with the offer
lngs. and weakness and depression re-
suited The opening was about &c
lower than Yesterdays closing, and
with only slight changes prices further
declined 115@l$4c, the May future sui
fering the greater decline. then held
steady and the closing was 15@4c from
bottom.
Corn was depressed by the action of
wheat, the offerings of new corn for
future delivery. Parties who are sup
posed to be among the largest shorts"
were again selling freely, While the
buying was scattered and mainly to
cover shorts" the smaller traders be-
ing inclined 10 realize. Market opened
with sc loss and gradually worked
down I15c. rallied 78@4c, changed
some. ruled steady and closed within
, &c of bottom figures.
Oats declined sc for May. and closed
at i C above the bottom. with net loss
OF &c. The near futures were off
1fCq$sc at the close, but the trade was
light. Longs" unlOaded freely. and
the market did not have good support.
Provision traders had dull day. In
the absence of active operations, prices
dragged down somewhat i'll sympathy
with grain markets. There was some
little development looking like shorts
sales by the local trade. Prices were
largely nominal, with trades scattering.
Closing figures were the lowest OF the
%. SOC down for January pork; 900
1Uc off On lard, and 71G@15c lower on
rims.
Vessel rates were steady at &c for
wheat ana l54c for corn to Buffalo, and
&c FOR corn 60 Kingston. Estimated re-
ceipts for Monday: Wheat. 225 cars;
corn, 1,soO cars; oats, 500 cars; hogs,
%, 900 head.
The leading 1utures ranged as follows: