St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-21
LOWER PRICES ALL AROUND.
Provisions Also Showed De-
cline Until Near the
Close.
STRENGTH IN STOCKS.
y tF-.1, -set
Sugar and Chicago Gas We're
Again Leaders in the
Trading. hSt

CHICAGO. Sept. 2O.-The boar raid in
the grain market continued today, and
lower prices resulted. The weakness
was largely the result of free selling
December wheat closed &c lower, May
corn sc lover. and May oats 19c lower.
Provisions finished lower all around.
Wheat continued at the opening the
decline which was in progress at the
close of the market yesterday. There
was no news of special importance
at the start, but the drop in
prices had whetted the appetite of the
short sellers. There were reports from
the seabOard of yesterdays takings for
export having been very much heavier
than the kilograms of that afternoon
had given indication. The receipts here
were light, only 1913 cars having been
inspected into store. The primary mar
ket receipts were below 1000, 900 blu
mark, but not sufficiently to be of any
assistance to the bulls. Cablegrams
from foreign markets reported weak
ness there owing to yesterdays decline
here. The weakness at the opening
and the volume of selling orders re-
ceived 10 abatement up to the
middle OF the day. December. which
opened with buyers aud sellers at from
551 &c to 551Sc, after short display of
resistance to any further decline was
reluctantly forced TO succumb until it
reached 54Ic. Longs were the sellers
and shorts the principal buyers. Trad.
Ing was active around 55c, and that APP
peared to be the mark at which both
G will N 70
take all the offerings. The market ruled
heavy. but dull. during the last hour of
the session, and the price at the close
was virtually at the bottom of the days
range. 55c for December and Coo sellers
for May.
Corn was very weak; it opened at
decline OF about nc, but a sale or two
more were made at the start within 4 c
of yesterdays closing price. The open
ing range at the start for May was from
521sc to $3.50. The principal trading
was between $3.50 and 521ac. 1t held a
little above the lower OF those quota
lions for time and touched 529sc before
it made its second plunge. 1t got down
to SIC before it received sufficient sup
port to quiet the anxiety of some of the
many lines of moderate dimensions
held for country account were tumbled
into the hands of the local bears.
Covering of shorts and buying
against puts caused a slight recovery
from the lowest price already named.
but the estimated receipts of 500 cars
for tomorrow prevented any material
recovery. The closing puts for May
was 5214c. Oats also took a tumble.
The weakness in wheat and corn and a
good deal of long stuff offered and a
much lower cash market were all influ-
entail in creating a heavy feeling and
diminishing prices. A fairly gOou bust
ness was transacted.
Selling was urgent both in heavy and
the light portions. Updyke. Charles
Counselman and Darlington Hannah
were offering freely. May opened from
5514 to 3511sc, declined to 3429@343s and
closed 34Tc.
Provisions opened weak at 219@71sc
decline for the various articles. The
weakness was not sensibly relieved un-
til within half an hour of the close,
when rally to limited extent took
place. There was nothing visible out
side the operations in the pit to account
for the days weakness, which was
largely the result of the depression in
wheat and corn. January pork closed
TIC lower. January lard loo and Janu-
airy ribs NC lower.
Freights slow at 1850 for wheat and
11lc for corn to Buffalo.
The leading futures ranged as follows: