St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-19
BEARS GET TIRED.
After Weak and Weary Day,
Market Suddenly Re-
vived at Close.
WHEAT LED IN ADVANCE.
Oats and Corn Follow--Slight
Improvement in Provi-
SiOnS.
TRUST STOCKS TUMBLE.
WHEAT LED IN ADVANCE.
TRUST STOCKS TUMBLE.
Lowest Price Yet Touched
Reached by Whisky Stocks
in the Decline.

CHICAGO, Sept 1S.-The grain mar
kets were weak and weary the greater
part of the session, but at the end
jumped into activity and closed with
gains. Wheat was helped by rumors of
buying for export. and in turn helped
oats aud corn. December wheat closed
&c higher, May corn &c higher. and
oats unchanged. Provisions finished
with slight advances.
Wheat opened at sc decline from
yesterdays closing figures, and suffered
a further sc loss in few minutes. 1t
stopped at the latter point, and seemed
during the remainder of the forenoon
to have stopped never to go
again. Business during the time
referred to was entirely confined to To-
cal scalping operations. and very little
of that. The receipts at Chicago.
Minneapolis and Duluth were 935 cars
altogether, compared with $50 on the
the same day last year. Cables were
unsatisfactory. The French official es-
innate of the wheat crop of that coun.
try was stated in dispatch received
here from New York to be 36.O0U.OO
bushels, or 10000. OO0lbushels less than
previous estimates. The London Mark
Lane Express characterized the condi-
ton of the wheat crop of the United
Kingdom as "wretched."
The Atlantic port clearances of wheat
and flour amounted to 4l7,000 bu, in
Gliding 2S,663 blu from New Orleans.
The market gave symptoms of strength
N nj al hoI
hour from the close. Corn woke up
from early dizziness to activity, and
was soaring, and reports from Duluth
were received about the same time that
New York anG Baltimore exporters had
bought 400, 900 blu there. The buying of
about that quantity In the pit here by
Milmine, BOdman & Co. was supposed
to be confirmatory of the Duluth state
ment, the buying by that firm being
taken as the lifting of the Duluth peo-
near the end 5615@565sc was paid for
December. The closing was $500
561Ac, after opening at 561Sc and touch.
ing 55%c.
The corn market kept within narrow
range of prices and trading was light.
Tae demand for car lots to go to store
was not very brisk, and September
price was paid rather reluctantly for
No. 2, but for No. 2 yellow nc premium
was readily prOcurable. September
was more freely offered in the pit than
for some days. The market had a firm
undertone on account of the receipts
being eighty-three cars less than
estimated yesterday and the esti-
mates for tomorrow being only
235 cars. The market received an ac-
ceSsion of strength when The light estl-
mates for tomorrow became known.
Corn became quite strong an hour from
the close, and continued so during the
remainder of the session. Wheat and
corn acted and reacted upon each other,
and the corn shorts took fright at the
advancing wheat market. May rose to
SAC, or Tc above the lowest dip it
made in the forenoon. 1t closed at $40
541sc, the opening price having been
531ac.
Business in oats was limited. Nc
Pherson & Co. bought quite good sup
ply of May, but aside from that trans
actions were confined to local parties
and scattered. May started at 35%cc,
sold at 351s(G36c and down to 35$4c.
Shortly before the close il sold at $3.50
again, closing at 36c.
The provision market was quiet and
almost featureless all the forenoon, but
woke up when the grain markets began
to show their afternoon strength and
also became strong. Prices were at the
top of the days range as the session was
coming to close. January pork is up
1919, lard 10 and ribs ~ cents over the
closing prices Of the day before. There
were some buying orders received from
outside and John Cudahay was supposed
tG be taking in some short stuff through
brokers. Other shorts became good
buyers near the end.
Freights steady at N for corn toBuf-
falO and 6 cents lake and rail to New
York. TO Port Huron charters for corn
at q.
The leading futures ranged as follows: