St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-15
BEARS RULED The PIT.
Heavy Receipts Were a Cud-
gel for Pounding Down
Prices.
,Bl.
CORN LED IN THE DECLINE
With a Drop Of 1 ga Cents
Wheat Eased OFF 3-4
Cent.
WEAK SPOTS IN STOCKS 5.
Northern Pacific Goes Down
2 1-8--Other Shares Bear
ish. ?
WEAK SPOTS IN Stocks

CHICAGO, Sept. 14.-The bears ruled
the board of trade markets today, and,
with heavy receipts as cudgel, pounded
prices down as follows In wheat &c per
bu. 1slc i'll corn, &c in oats and 271sc in
pork. .sa3 ...
Wheat started weak. and failed to
recover the opening decline. The re-
ceipts of corn being quite as heavy as
had been estimated yesterday had a
depressing effect upon that cereal. and
Sympathetically on wheat also. The
Liverpool market was quoted rather
weak and I'D lower at the opening.
Berlin was said to open u mark lower,
and Paris was quoted steady.
Chicago receipts were It's carloads,
Minneapolis 213 cars and Duluth 553,
or total of 766 at the two latter places
compared with 70S Oh the correspond
ing day of last year. AT Minneapolis
cash wheat was reported strong at 561ac
at the same time that it was selling at
55115c for December in the same market,
and at 561ac for December here. The
primary market receipts were ZIG, 900
bu smaller than they were yesterday,
amounting to .S32. ESQ blu To-Day against
100000 bu on the day before. The ex-
port clearances from the Atlantic ports
amounted in wheat and flour to $4,000
bu. December. which closed yesterday
at 571sc, opened with sellers at from
56$4c to $500, and gradually set
tied to 569c. 1t was lifted tenn
porarily to about the opening fig
ures. but got down again to the
previous lowest price and hung there
heavily for an hour, alternating between
buyers and sellers at that. When corn
was in the throes of dissolution about IL
O'Clock the price of wheat dropped to
563sc.
Lacking any help from the seaboard
near the close in the way of reports of
purchases for exports and the local bears
becoming embodened by the evident
disheartened condition of the bulls, the
market became very weak. RosecraEs
and August BrOsseau were free sellers
near the close when wheat was hanging
around 5619c, and they succeeded with
the help of the general crowd which had
then become unanimously bearish iu
closing the market at 565sc, the lowest
price of the day.
Corn started very heavy on the full
Teaiization of yesterdays estimated re
ceipts. The estimates we're for 425 cars,
and 463 were received. There was
mission houses who had been promi-
nent in the buying for ten days prev
ions. The estimate of $50 carloads for
tomorrow produced desire to, sell,
which accelerated the decline that start
ed on today's- receipts. May opened
with sellers at from 5419c to $3.50, with
a sale of one or two fives at 5455sc about
the same time 1t declined gradually
until it reached 54c. and after a stubborn
resistance at the latter price it finally
succumbed to the influence of tomor-
rows estimated receipts, broke to $3.50
and closed at 535s5.
The oats market was quite active dur
ing the early part of the session, when
there were heavy offerings of long stuff.
but after the few buying orders had
been filled and prices lowered business
became quiet, with only fair trade
having been transacted The decline in
values and the easier feeling were prin-
cipally caused by the action OF corn.
May started from 355s(@36c, sold down
to 351ac. At noon it hat advanced again
to 354c, closing at 353sc.
The provision market opened weak at
5(0119c lower all around. There were
few buying orders executed after the
first drop, which steadied the market
little. There was strong drive made
at the market when corn was showing
the white feather, and when the sellers
had succeeded in getting provisions on
the run they kept pushing their adj
vantage until compared with yester-
days closing prices, pork showing a
loss for January delivery to 271sc, lard
1870, and ribs 1719c.
The days receipts of hogs were light,
as had been estimated, at Is, 1000, and for
tomorrow 1000 is the estimated run.
The Cudahy Packing company, Swift Il
Co. and Hately Brothers were promi-
nent buyers on the break. The Anglo
American Packing company and Bald
win were active sellers. A Slight rally
occurred when the shorts began to take
profits, but the raid was again renewed
near the close. and the lowest prices of
the day became again current.
Freight rates steady. Charters for
corn to Buffalo were at 14c. Wheat to
Port Huron at 111ac ana to Milwaukee at
&c.
The leading futures ranged as follows: