St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-17
SMASH IN PROVISIONS
Pork Declining 81 IL Cents,
Lard 20 Cents and Ribs
Is Cents.
DEPRESSION IN STOCKS.
Caused Heavy Trading, Chi
cago Gas and Sugar
Leading.

CHICAGO. Sept. 15.-Corn was weak
today on heavy receipts. and wheat
meekly followed. They both ran down
another 3sc. Provisions were smashed
by the yirile blows of the heavy pack
ers, pork closing at decline of 2715c,
lard zoe and ribs 15c. The cat market
followed its own bent aud closed &c
higher than yesterday.
Wheat opened very weak for Decem-
Der, which closed yesterday at 563sc. and
that was the bottom of a &c decline,
sold moment after the start this
morning at sec. The corn market was
suffering from what the SPECTATORS
choose to regard as very heavy receipts
OF that article, and the Northwest
reported considerable increase in the
number of carloads of wheat at
Minneapolis and Duluth. Those
were the influences which in
augurated the weakness in whea
here. The cables returned reflections
of the weakness which prevailed here
yesterday. Bradstreet's gave the export
clearances Of wheat and flour from both
coasts tor the week at 2.7S9000 bu,
against S,207. 900 bu on the week previ-
Gus, and compared with 5,367. 900 blu on
the corresponding week of last year.
Business was OF moderate activity. A
good deal of scalping long lines came
out at the opening, and the chief sup.
port after that appeared to come from
buying against puts and covering by
shorts. The fluctuations kept vir-
tually within the range of 500
564c. Exports of wheat and
flour from the Atlantic seaboard
for twenty-four hours to the equivalent
of 900 ba. Primary market receipts,
including those at K ansas City, amount
ed to 100000 blu. The estim ate that
today's liberal receipts of corn would
be repeated OH Monday, and rumors
that the receipts of wheat at Minneap-
oils were likely to be 1000 cars the same
day, prevented any change in the
heavy feeling which had prevailed all
day. The price kept humping on SIC
for December not far from the close,
and finally rested at 56@561sc.
Corn was weak early, heavy all the
day and limp at the close. 1t did not,
however, sell lower at any time than it
did Immediately at the opening. Re-
celpts of 600 cars this morning exceeded
the estimates by fifty cars, and the
prediction that on Monday another 600
cars would he found on the inspection
sheet added to the selling inclination
evinced by the local spectators. A
good deal of long corn came Oh the
market, and shorts gathered it in. Boy
den IL Co., Parker and Baldwin-Farnum
were conspicuously active buyers May
opened at from 521s(05Sc, recovered to
53114 @53ssc, broke off to 53c, rose to 5315
@539sc. tumbled back again to SIC, and
closed at 53c.
Oats were quiet throughout the entire
session. A firmer feeling was notice.
able, Influenced by better disposition
to buy. September ranged from 3O1sc
bid to 503sc, closing at 3O36c. May
started at from $3.50 to 3516c. sold up to
Soc. and closed at 3554935Nc.
The receipts of hogs at the yards
were only 5000. but the quality was re-
ported to be poor and the price from 10
to l5c lower than on the day before.
The weakness of corn and wheat gave
the additional encouragement and the
packers did the rest. Freights to Buffalo
for wheat ~. and e for oats.
CHICAGO. Sept. l5.-Clearings, Sl2,-
$4,000. Money 4@4L per cent on cali;
soc on time. New York exchange. so
cents discount. Foreign exchange
firmer. Sterling commercial. s4.S4@
ASS.
The leading futuras ranped nc foIlowe.