St. Paul daily globe., 1893-09-24
BULLS DUMPED The WHEAT
THE ENTIRE CHICAGO MARKET TEM-
8LED DOWN..
FAvoRkELE EANK STATEMENT
Holders OF Stocks Reducing
Their Lines and Bears Are
More Actfvc-Big Blocks of
Stock Closed Out-Eank Con
ditions Did Not Check the

More ActiVc-Big Blocks OF
Stock Closed Out-Eank Con
ditions Did Not Check the
Downward Tendency.
CHICAGO, Sept. 23.-Fear Of large
increase in the visible and of smaller
exports next week caused the bulls to
dump wheat today. The price broke
over cent and closed &c under last
nights figures. Corn was also easier,
closing with I@3sc loss. Provisions
were firm ard advanced 719@20c.
Waeat at the opening was rather
frmer and prices 1(@35c higher, then
weakened and prices declined 1a@1Ic,
held steady and the closing was easy
about g c from bottom for the day. The
frmness early was due to some buying
orders coming on the market, but the
offerings were quite liberal. and as soon
as the buying ceased a general decline
set in. The favorable New York bank
statement did not have any effect upon
prices. There was a rumor of failure
Of some sort at Liverpool. and this was
made an excuse to depress the market
IL as liltI lIiG NlSID1c SupplS
VIII show all increase of about one mill
ion bushels. The scattering buying at
the start was due to somewhat general
oversight temporarily of the fact that
BradStreetS weekly report of exports
was made up to Thursday evening, and
did not represent the falling Off OF the
last two days of the week.
The receipts of corn were twenty-six
cars under the estimates, which NAV
have had something 10 do with an ap-
pearance of strength which developed
when trading commenced. The open
ing bullishness OF wheat was, however.
the more powerful factor, and when
wheat began to turn down coin fol-.
lowed suit. Estimated heavy receipts
Monday, S66 cars, assisted the move
ment. Prices had range of &c. and
the close was steady sc from inside
figures. 1t is denied that Schwartz's
short line was covered.
Oats declined with other grain, aud
in the end closed 1zc lower for May
than on the day before. The near fut-
ures we're cOmparativeIy firm.
1t was a packers market in pro-
visions. After selling considerable
January stuff fer day or two they
marked prices up for the Saturdays
close. Hogs were posted at 1Q9, 600 for
the week. This was nearly 10000 short
of the estimate. The estimate for next
week was only 11O.CO0. There was no
particular stir in the trade. No one
dares 10 sell stuff short, ana when a few
bids are made prices move up easily.
The offerings of vessel room ready to
load were light and the demand only
fair. Rates were steady at 15Sc for
wheat and 119c for corn for Buffalo.
Estimated receipts for Monday:
Wheat, IT'S cars: corn. $50 cars; oats. $40
cars; hogs, 5000 head.
Cash quotations were as follows:
Flour quiet, unchanged. Wheat-No. 2
spring, 661ac; No. spring, 60@62c;
No. =, red, 6619c. Corn-No 2 4O%c.
Oats-No. 2. 271gc; No. white, 501S@
Sl%c; No. 8 white, 29@3Oc. Rye-No.
2, 46c. Barley-No. g, nominal. Flax
seed-No. 1, sl.O415. Timothy Seed
Prime, 1856. Mess Pork-Per bbl.
$16.50@16.55. Lard-Per 100 lbs, SO. rs
@9.S0. Short Ribs Sides 0oose), sic. .2?H
@10.40; dry salted shoulders (boxedL
s7.25(97.50 short clear sides (boxed)
$9.75@10. Whisky-Distillers' finished
goods. per gallon. s1.12. Sugars uu-
changed. Receipts-Flour. l2,000 bbls:
wheat. l6o,0oe bu; corn. 505.ooo Blu: