St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-23
A DAY OF DEPRESSION.
HEAVY NORTHWEST RECEIPTS AND
VERY SMALL cLEARARcES.
WHEAT HALF A CENT Down

Dull Stock Market-Heavy Sell.
ing of Lead on the Dividend
Being Passed = Louisville &
Nashville Moves Up London
Houses Not In the Market-The
Bank Statement.
CHICAGO. Sept. 22. apprehension in
regard to fall ploughing and seeding
was relieved today by the rains which
extended over large areas in the winter
wheat belt. Another reason for a
weakening Of prices was found in the
liberal deliveries in the Northwest, and
later the small clearances helped along
sthe depression. Compared with last
night wheat is &c lower. corn and oats
practically unchanged and provisions
T irregularly higher. Wheat at the OPEN
ing was about sc lower than yesterday.
became weak. and with some fluctna-
tons prices declined &c for December
and re for May, then recovered most of
the decline, but again settled back and
the closing was easy within 1S(d 1Ic OF
inside figures. Trading was chiefly
local, though it was claimed there was
some buying on foreign account. There
was free selling early on the rain of last
night. but there seemed to be DISPOSE
ton to buy at the decline, and the mar
ket was fairly steady. Beerbohm's re-
port that the worlds wheat crop was
lO4. 100000 blu less than last year. and
report from Minneapolis that the re-
ceipts IN the interior had fallen off con-
Slderably the last ten days, togeher
with tho cbinn,nnt, Of
from Minneapolis the past week,
helped to strengthen the market, but
the strength was only temporary, as eX-
port clearances we're decidedly mode
rate. Partridge was generally believed
to have got rid of much of big line
which he was supposed to be long.
In The corn at the start there was
little inclination to realize OH behalf of
outside parties who held small quaint
ties, and prices ruled 4@$8c lower,
temporarily. A good general demand,
however. tended to decidedly stronger
feeling. and prices were irregularly adj
vanced 79(034c. At this improvement
there was some desire to realize, chiefly
by. parties who purchased early, and
prices settled back -3S@15c, with
sell the longer deliveries. The
market closed quiet at about the closing
figures OF Thursday. 1t was argued
that the rain would improve the past
ures and incidentally restrict the CON-
sumption of corn, but this was offset
by the liberal shipments and the rumor
that country advices indicated a sharp
| falling Off. The shorts are good deal
troubled over the operations of a
strong local bull clique and generally
fear manipulation in the bull interest
Schwartz's line was currently reported
| to he covered.
The oats market for time had good
backing in the active inquiry for ship
pers, but the market only retained sc
gain at the close
Hog products were firmer, due chiefly
tothe fact that live hogs were 6,OOO less
than the estimate. The packers ap-
Deared to be favoring an advance in
near futures, and were buying for Oc-
tober while selling for January account.
The advance shown at the close ranged
from 219c to 35c.
Freights were In fair demand and
firm at Sc bid for wheat and DC for
corn to Buffalo and l19c for corn to Port
Huron.
Estimated Receipts for Tomorrow
Wheat, 1913 cars; corn. SS4 cars; oats,
32S cars; hogs, 11,000 cars.
The leading futures ranged as follows: