St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-26
HEAVY RECEIPTS AT DULUTH
The Most Notable Feature Of
the News In Today's
Market.
STOCKS TAKE A DECLINE.
Reading Demoralized by the
Sentiment on the Plan Of
Reorganization.

CHlCAGO, Oept. 0.-Unuer n HeaVy
increase in the visible. supply wheat
went down with a bump today, making
a new low-price record for December at
541c. That delivery closed &c lower
than yesterday. May corn closed &c
lower. May oats &c lower and May pro-
visions finished at declines all around.
The receipt of $50 carloads of wheat
at Duluth was the most notable feature
of the news which was before the
traders at the opening of the markets.
Wheat opened weak at from 5415@54Mc
for December against $3.50 at the close
yesterday. 1t had a further slight
decline TO 543s@54lc and then recovered
until it was in demand at 544c about
all hour from the opening. Some
of the better feeling was due to the
strength which was developed by the
corn market. Besides the $50 carloads
of wheat at Duluth. Minneapolis re-
ported 316, making together 1066, COM
pared with 564 cars at both places a
year ago. Liverpool was quoted firm,
but with a very limited demand. Paris
was quoted as opening at slightly lower
prices and Berlin at a half mark ad-
vance. The business in the pits was
very small and but little of it for &C
count of outside customers. Notwith-
standing the abundant pasturage. tele-
grams and letters from the country were
taken up largely with accounts of
the continuance OF the feeding
OF wheat OH a very liberal
scale. The receipts at primary markets
to-day, including those at Kansas City,
amounted to 922. QUO bushels. When
Bradstreet's visible was announced
the stocks in this country, the market
had another weak spell and the price
declined one cent more to its previously
lowest point of 5ss@54119c for December,
and 599c for May. Business had a
two.minute squirt of activity at the
times referred to and then became as
dull as before. New York wired that
there was no demand for export, not
w%ithstanding the decline, ana December
closed at 544c, after establishing a
new low price record at 81 sc.
The inspection Of corn exceeded yes
terday's estimate by 62 cars, and it
produced some weakness at the OPEN
ikiS VI tioe AatAS" IA u AotiooS
lions In May were at from 5lslc to
5l2Sc, against Size at the end of yester-
days session. The feeling was heavy
for a time, and the tendency of prices
moderately down ward. but after selling
at 5l%@5l3sc the market commenced to
do better under reports OF a better de-
mand from the East and pros
pective smaller receipts here. The
estimates of only $50 carloads
for tomorrow giving some confirm.
alton TO the latter report caused the
shorts to make some purchases as well
as encouraging some buying on long
ccount. Attention was called to the
fact that since Aug. 20 the proportion of
very largely Increased. On the date
mentioned the visible supply was $685.
600 blu, OF which Chicago held LIS 600
bu; now the total is 4 1886, 900 blu, 2,007, 900
bu of which Is held here.
The buyers on yesterdays break had
a good deal Of corn to sell near the
close, and prices went down under the
pressure. The closing quotation for
May was 513sc. Oats were extremely
Gull and the market was back again in
its old rut, closely following corn. The
disposition to dispose or take In stuff
was about equal, and but a small scat
tCIcu uuSlLcSS Was tIdHSdCteu. All
easier feeling existed early. May
started at 11sc lower at 3411s6, shortly after
34112@343sc was bid, and hen it sold off
to 34ssc. At noon 1t had rallied to 34%c,
but declined with corn. and closed at
341sc.
The provision market was weak
without qualification. 1t started in a
limp condition and continued so to the
end, and the last quotations were the
lowest of the days range. Hog re-
ceipts were again light. The weakness
in corn nea the close gave sellers some
advantage. The declines since yester-
day in the January deliveries amounts
to SOC in pork, 17Hc in lard and 15c in
ribs.
Freights were at nc for wheat, nc
for corn. and 1sc for oats to Buffalo,
and Sc for wheat to Kingston.
The leading futures ranged as follows.