St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-29
FIFTY Gent WHEAT.
The Cash Cereal Once More
Smashes All Low Rec
ords.
+. " 1iAs
GRAIN MARKETS ALL WEAK,
Corn Leading in the Decline
Provisions Show
Gains.
STOCKS WERE IRREGULAR,
With a Tendency Downward.
--Gas and Sugar the 3.
Active Shares.
STOCKS WERE IRREGULAR

CHICAGO. Sept. 2S.-Cash wheat broke
all records today when a round lot in
the National elevator sold at so cents
pei bushel. The speculative grain mar
kets were weak under free selling, corr
leading in the decline. December wheat
closed &c lower, May corn &c lower
and May oats sc lower. Provisions
finished with modest gains.
Wheat followed the regular pro-
gramme at the opening. 1t started weak
at about IS below the closing price of
the previous day. and continued to rule
dull and heavy for an hour. A little
more life was infused into the market
at the end of that time. and the slight
increase 10 activity was accompanied
by a rather firmer feeling. The situa-
ton had not outwardly changed since
the day before.
Chicago receipts for the day were
7S,499 bu. and the shipments, $3.50 bu.
The primary market receipts, including
those at Kansas City, amounted to about
100000 blu. The exported c~learapces of
wheat and flour from the principal
Atlantic ports amounted to the respect.
able total of $50. 900 blu. Foreign mar
kets were generally weak and lower at
the opening. Berlin being the only eX-
ception. December opened here at 53Ic,
as against 551ac at the close of the mar
ket yesterday. 1t did not get below that
price nor above $3.50 all the forenoon.
lhe closing c~ablegramS showed no
change since the opening. Antwerp,
Paris and Liverpool all SEM lower QUO.
%tatiOns, and Berlin higher. The price
here worked down around 53Hc near
the middle of the day. and a scratch sale
was made at 53c. Considering that corn
was turning itself inside u during the
greater part of the session, wheat acted
firm. closing at 534c bid for December.
Corn was very weak at the opening
II became weaker as the session pro-
crossed up to about IL O'clock. In that
time M cent per bushel had been
Knocked Oft tine value it had at the close
yesterday. The very first transactions
knocked the price down re, the open
ing trades In May being at a range of
1870 down to 49Ic, compared with soc,
lis closing value on the day previous.
1t ruled firmly for a while and reacted
to 49Nc. but shortly after IL O'clock it
had slid down to 49c. There was an
other reaction which carried the price
up again to 1870, but everybody seemed
to have corn for sale at 1917. The gen
eral belief Is that a large proportion of
the nnloaded cars in the railroad yards
are filled with corn, and the shipping
demand for No. 2 corn has disappeared.
Ihe market was weak at the close. fill
ishing at 494c for May. }s=
A good business was transacted in
oats. Orders were plentiful and sellers
offered still more freely. This tended
to ease off values, although the fluctua-
IL were governed entirely, by the
action of corn, and at times were steady
to a shade firmer, but generally speak
ing were lower. Carrington-Hannah
disposed OF considerable stock. Bart
l~ett-FraZier, Forge and Lindman were
good buyers. Other trading was prin-
clpally scattered. May opened from
1875 @3S4c. sold up to 1890 and
back to 5513@334c, closing at 33@33Hc.
provisions did better for holders to-
day. The receipts were only IL. 900, and
10000 are looked for tomorrow. Armour
d Co. were credited with buying a good
dea during the session, and the Anglo
American Packing company and the
packers were also more favorably in
clined toward the market than for
several days. Pork opened at an ad-
vance OF &c and rose zoe more. reacting
a trit1e, and closing with a net gain of
221ac. Lard at the close showed an i'm
prOvement of 10c, and ribs made a
similar gain.
Freight rates steady at 115c for wheat,
15sc for corn and 115c for harley to
Buffalo. and 4c for corn to Prescott. .