St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-18
BULLS TOOK HEART.
SIN all Increase Of the Visible
Strengthened a Weak
Market.
GREATEST RALLY IN WHEAT.
Gain Of IL Cent in Corn
Oats Closed I'm
changed.
BEARS JUMP ON TRUSTS.
Industrials Take a Tumble--
Other Stocks Compare
lively Quiet.
BEARS JUMP ON TRUSTS

CHICAGO, sept. 1.-THE speculative
branch of the gram markets was weak
at the start today and firm at slight
advance ON Saturdays prices at the
close. The visible supply of wheat
which, according to all presidents.
should have increased at least 1850. 600
bushels, gained ONLY $4,000 bushels,
and that turned everything upward.
Wheat recovered SIC loss and closed
with gain of &c. Com &c higher,
after an early decline OF ssc, and oats
closed unchanged. Provisions were
firm in tone throughout.
"a decrease of l,S26.000 bu In the
amount of wheat and -four on ocean
passage started the wheat market a
little higher than it closed on Saturday
afternoon. The bears, however, poured
cold short wheat into it. and it soon be-
came heavy and dull. The Northwest
ern receipts, while smaller than some of
Saturdays rumors had led to the eX
pectation of, were sufficiently heavy 10
be bearish factor.
Liverpool was quoted inactive but
steady at the opening. Paris was 10
centimes lower for wheat ard -four.
but Berlin private cable reported an
advance there of marks for October.
Primary market receipts in the West
were very heavy, amounting to nearly
LOO, 900 bu. That is considered the
worst feature for the bulls of the days
development IS. December opened with
sellers at 56Ac, and there were few
transactions at that, but worked off
gradually under free offerings until
down to $500. at which il held steady
for long time in the middle of the
session. At this stage of the proceed
ings all the returns of the visible supply
had been received except the quantity
atloat on the lakes and an Increase of
about !, $50. 900 bu was the situation up
to that time, land small decrease on the
lakes, perhaps 100000 bu or 100000
bu, was expected to complete
the report. The decrease on the
lakes proved to be 100000 bu.
and that left an increase OF only $4,000
bu III the visible for the week as against
100000 bu increase at least as conf
IDENTITY looked for a moment previous
to the receipt of the float figures. The
price took an immediate jump to $500,
with one sale as high as $500. Enough
came out at the advance to cause a re-
action to soc. New York began to send
buying orders near the close and De-
cember finished at 56Ac.
Corn started strong at nc advance,
but was very soon thereafter seeking
customers at &c under the highest
price touched at the start. The re.
ceipts were 574 cars under the estimated
rail receipts, but in addition there were
6,2OO bu by canal. A light frost had
been experienced in South Dakota OH
Sunday night, but it was not supposed
to have I'M ured the attenuated remain
der of corn still left standing there.
Some little strength was impaired by a
prediction of frost in Iowa, Nebraska
and Wisconsin, but the market did
not advance materially until wheat
took its leap OF surprise at the
supply of corn increased $4,000 bushels,
making the total 4, 101, 900 bushels, COM
pared with all increase of $4,000 BUSH
els OH the corresponding weel, of the
year before. which left the visible of
that year at 6.462.O00 bushels. The
opening price for May was 531lc, with
few sales as high as 535s, and one or
two tranSa ctiOnS at the same time at
531sc. There were soon plenty of sellers
at the lowest of those quotations. and
before long the price got down to $3.50.
ment received from the strength in
wheat, and finally became strong on its
own account, and closed at $500.
In oats business was light and prices
after opening firm with corn fell off
later for the same cause. The DISPOSE
ton to trade either way was limited,
Darlington Hannah were Offering
| October freely. but only comparative
ly small portion was taken. October
started at 305sc, sold down to 305sc and
closed at 3O2sc. 1t was found difficult
to buy any provisions at and Immediate
ly after the opening, and there
appeared a good inquiry from local
shorts. The market had a weak spell
in the middle Of the session, when wheat
and corn were showing their midday
heaviness. but for the most part pro-
visions ruled firm, and were strong at
the close. Latest trading prices were
at an advance for the day Of 17Ic in
pork, 15c in lard and 10c in ribs.
Freights slow: 1Hc for wheat. nc for
corn aud sc for oats to Buffalo and
&c for wheat to Milwaukee.
The leading futures ranged MS follows.