St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-13
TOO MUCH FOR BEARS
Market Inclined to FirmnesS
In Spite Of the Raids
Of Bruin.
CORN ALONE WAS WEAK
On Rumors That Big Holdings
Would Be Dumped by
Longs.
CORN ALONE WAS WEAK
DEPRESSION IN STOCKS
Caused by Pressure to Sell in
London Markets--De-
81 cline Small.

CHICAGO, Sept. 49, Wheat was in
ceipts. but the bears dealt out grain
freely.and December closed unchanged.
Corn closed sc lower for May, but oats
wound up with May sc higher, and
provisions closed at slight advances.
Wheat opened firm at slight advance
upon yesterdays closing price. The
firmuess was probably due to the mod
crate receipts here and in the North
west and to the SteadineSS of the
cables. December started at 5756c, but
was Immediately attacked by what was
termed collectively the Partridge
Rosekrans- Brosseau crowd, and 1t
gradually weakened until &c had been
rubbed Oft its opening value. 1t rose
again to the opening quotations. and
an hour from the close 575s@571sc was
bid for it. The estimated receipts for
tomorrow were quite light at $50 cars,
and were an aid in sustaining prices to-
ward the close, December finishing at
571ac.
Corn averaged firm. although there
were soft spots which appeared to sug-
gest fitting chance to the bears. They
had a rumor early that some corn
bought by a prominent commission
house would be for sale during the
forenoon. and some selling which actu-
ally occurred was thought to be the
corn in question, but it was afterward
found to be no part of the rather
important long line referred to, and the
same commission house which bought
yesterday took more today. The
market started strong. but there was
sufficient realizing sales from scattered
longs to cause temporary depression
and a decline of about ~ from the high
est price made near the opening. May
started at from 5611sc to 5614c, sold for a
time at around 564c, and touched 565sc
for moment. 1t declined to $500. re-
covered again to $500, dropped back to
555s@56c and the end was SIC.
EBusiness was active in spots and dull
for much longer intervals. The oats
market was fairly active and higher.
The movement of corn had something to
do with the tirmer feeling, but there was
also independent strength visible out
side of that. Good buying orders were
received from the outside, and the dis
position in general was to take instead
of dispose of stuff. SchwarZ, Dupee Il
Co. and +. G. Logan were the principal
traders on the purchasing side. May
started steady at from 361sc to 364c,
sold down to 36c and back again to
S61ac. where it closed.
The provision market was easy at the
opening, but the demand was at a
slight decline. The trading was
! SO good that sellers soon withdrew
their offers ana prices quickly recovered
the first loss. The feeling became quite
strong after that and prices rose until
pork had gained 171ac on the lowest
price January had sold for, and 1t stood
/ at the close only 219c under its best
price for the day and l0c higher than it
| closed yesterday. Lard in the end
gained 21ac and ribs &c.
Freghts steady. Charters to Buffalo
11sc for wheat. 11lc for corn and 11sc
for oats, and to Port Huron at 11ac for
| wheat.
The leading futures ranged as follows: