St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-28
LITTLE CHANGE IN WHEAT.
Oats Went Down. but Pro-
visions Finished With
Slight Gains.
STOCKS DECIDEDLY WEAK,
Sugar and Distilling Fur
nishing the Principal Ae-
tivity in Trading.

CHICAGO, Sept. 81. - Corn started
firm today, but under heavy selling
weakened, closing &c lower tor May.
Wheat and oats went down with corn
after early advances. wheat finishing
unchanged for December, and May oats
sc lower. Provisions closed with
moderate gains.
Another slight decline in the price of
wheat ~inaugurated the days business.
December sold at 5314c shortly after
the opening, and held between that and
$3.50 for an hour. The Northwestern
receipts, which for some days have been
the most prominent bearish feature in
the situation, once more contributed by
their bulk to the encouragement of
short selling. Minneapolis reported
the receipt of 631 carloads and Duluth
292. making together 1928 cars, compared
with 955 on the corresponding day of
the previous year. Foreign markets
were generally weak and dull at slightly
lower quotations. Kansas City and ST.
Louis reported a little export business
in wheat.
Trading during the forenoon was
very light, both on outside and local
account.
The primary Western markets re.
ceived an aggregate somewhat exceed.
ing 1000, 900 bushels. hut of that guam.
tity all but 100. 900 bushels appeared at
Chicago, Minneapolis and Duluth. st.
Louis, Toledo, Kansas City, Detroit and
Peoria received together only lou, 245
bushels.
The feeling became firmeI when the
small winter wheat market receipts
were observed and when the later cable
grams came in reporting a slightly
tirmer tone to the Liverpool market.
December rose to 53%@5Ss4c, and
touched Lie higher than that for an in
slant before the buying which started
in consequence of the small winter
closing Liverpool had exhausted itself.
The Atlantic port %clearances for twen-
ty-four hours were diSappointingly
light. aa
The market, after acting strong up to
within twenty minutes of the close,
began TO give way at that point in sym
pathy with closing weakness in corn,
although New York advised a fair in
qulry for export and sales of seventeen
boatloads. After selling as high as
53A@53%c the price of December got
down to $3.50. where it closed. Corn
was weak at the opening. at 4@asc
below the closing prices of yesterday.
May sold from 504c down to SOC; and
then settled for an hour or SO at from
504@504c. When wheat began to
show a holder front, corn fol-
lowed in a similar manner, and
raoofnI 70 S13/o Hapraecao oeror
ing corn to arrive in st. Louis, a thing
never heard of before. it was said. The
drought district in Nebraska was re.
ported to be asking Omaha for bids for
old corn, and the railroads here were
reported to be crammed full of loaded
cars for which there was no storage
room.
Under this and other bearish infiu-
ences, combined with liberal selling,
the market became very weak neal the
close, and December lost all the gain
from the reaction from the opening
price. 1t got down to 1870 for May,
and closed at 4956@50c.
Trading in oats was of good volume,
although divided up principally in small
packages. Higher prices were scored.
led by the advance in wheat and corn.
Carrington-Hannae bought quite freely
of May. The remainder of the trading
was scattered among local dealers and
scalpers. May reacted from $3.50 to
S34c and gradually advanced to Sac.
1t weakened with cor later and closed
at 33Lc. The provision market
was tirmer, and not much could
be bought without an induce
ment in the shape of higher
prices to the sellers. Shorts took some
when they found that country holders
had some few buying orders, but none
to sell. The opening was weak in SYM
pathy with the weakness III the grain
markets at the same time. but the de-
mand at the decline soon resulted i'm an
advance during which prices recovered
all The early loss and added a respect
able amount TO the closing prices of the
previous day. At the close pork, lard
and ribs were each 10c higher. 3
Freight rates. 1%c for wheat and 13sc
for corn to Buffalo.
The leading futures ranged as follows: