St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-14
BEARS HAD A FEAST.
Increasing Receipts and Other
Influences Made Mar
kets Weak. i'fY'
w :
ALL GRAINS DECLINED.
sthL.
Loss of 7-8c on Corn, 3-8c on
Wheat and the Same
on Oats.
SUGARAND WHISKY GO DOWN
Other Shares Inactive, But
Some Slight Advances Ne
Recorded. g.

CHICAGO, sept. Embarrassing re-
ceipts and other bearish influences
dragged wheat down today, ana De-
cember closed with loss of sc. The
other markets, too. were weak, and all
closed lower. May corn lost nc, May
oats sc and provisions closed at de-
clines. The wheat market was easier
first because of the slumpy;character of
corn, and later owing to the failure of
the primary market receipts to con-
tinue the indications of the prev
Gus two days that they had passed
their flood tide and had commenced
to ebb. The aggregate of the days
receipts at the principal markets ex-
ceeded 100000 bushels. The Liver
pool market was first quoted unchanged
in price, bu. feeling easy for American
red winter; the second dispatch quoted
decline of I'D to I'D per GENITAL. Paris
was quoted at the close 5 confines
higher for spot wheat. but slightly
easier for deferred delivery. Berlin
closed from a mark to q mark higher.
Export clearances from the Ati.Atic
seaboard amounted in wheat and -four
to 5000 bushels, which, so far as the
days figures or movement is con-
cerned. was about the only ell.
enlargement the bulls received. De.
cember wheat, which closed at 5735@
571@, opened with sellers at 5714,
and very soon it had declined to SIC.
Later it got down to $3.50 and seemed to
become attached to those figures for a
time. The reports from the country
about the feeding of wheat in preference
TO corn were as numerous and unani-
nous as ever regarding the increasing
tendency to give the cheaper material
to the holdings. On good demand re-
ported as existing in New York for eX-
port, with % boat loads reported worked
there and at out ports, there was q re-
covery in the market here to size for
December,and it closed at size bid. ,s,t,
Corn was weak. The statisticians aud,
crop experts jumped on it with both
feet. John Inglis. the crop expert, was
quoted as saying that the states of Hi
loo. 100000 bushels more than the gov
eminent gave for the thirteen states of
heaviest production. Murray, of the
Price Current. put the total crop at
1.400, 100000 bushels. or possibly $780,
100000 bushels, ana TnOman, VINO
claims to have six. correspondents
in every county in the corn pro-
ducing states, puts the total yield
at over 1.700.000.000 bushels. A report
from New York that some more
Russian barley had been bought for i'm
portatlon was one of the depressing
factors, and all estimate of 425 cars for
tomorrow's receipts here was another,
The receipts today were 20So cars. COM
nctir tnI
May corn, which closed OH the prev Gus
afternoon worth SIC, started with SILL
ers at from $500 to 5515c. 1t declined
to 541sc. recovered to 554c, and closed at
5o4c. In the Oat market, while tlje
feeling was easy during the greater part
of the session, a big business was trans
acted, both general and individual. The
weakness in corn sufficed to cause like
feeling in oats. Norton WOrthington
and Bartlett Frazer were the heaviest
individual buyers, while the selling was
scattered. May opened &c off from
yesterdays last quotation, at 36Ic,
touched 365sc. and sold down to Soc,
closing at $3.50.
the others. The heaviness in grain had
some influence In depressing provisions,
but the weakness was principally due
to the action of the packers, whose
hands were almost unanimously against
the bull side of the market. Hately
Bros. sold lard freely. and the Cudahy
Packing company were liberal
sellers of pork. j. G. Steever
dropped 1000 barrels of January
pork at $l4.35, which he bought
less than week ago at Sl4.sThe Anglo
American Packing company were both
buyers and sellers on considerable
scale. Everything was fairly firm for
moment or two at the opening but soon
became weak, and was close to the bot
tom OF the days range at the close.
Compared with the final quotations
of the day, January pork is 121@c
lower, lard and ribs TIC lower.
Freight rates steady at 11sc for wheat,
nc for corn ana 11sc for oats to Buff
falO.
The leading futures ranged &C follo,us.