St. Paul daily globe., 1895-09-20
MAYNARD WHEAT
A RAPID ADVANCE FOLLOWED
nV MORE RAPID DE-
CLINE.
PURCHASES QUITE HEAVY:
BULLS HAD A LIVELY TIME UNTIL
THE WEAKNESS SET
CORN MAKES a GOOD GAIN.
IL Could Not Retain All of 1t. but
Closed Higher Than lit
Opened.

CHICAGO. Sept. 19.-The bulls had
q generally hilarious time for a while
today, but there was large subsi-
oeilce before the close. Some of the
most most urgent buyers of wheat sold dur
ing an advance today, and the price
at the close was 1876 below the highest
price of the day and sc lower than
II closed at yesterday. September corn
mad q bulge OF l1.c, but retained only
sc OF 1t al the close, and oats finished
unchanged. A fair inquiry for jan
uary provisions caused a slight ad-
vance all round
Wheat was easy and sc lower at
the start, but at once began to develop
strength and finally sold up l5sc, with
considerable activity and not a little
excitement but on free realizing sales
ana the withdrawal of buyers the
price finally weakened. The legitimate
situation has undergone very little
change, cables came I'D higher and
domestic markets We're better and the
local sentiment still continued bullish
shorts We're active buyers and there
was also some investment demand,
while there was little disposition to
sell during the early part of the ses-
sion.
Partridge was still a disturbing fac
tor, and, while he is supposed to have
covered from 2,000,G00 to 5000, 900 bu
yesterday, he was still a heavy buyer
during the early part Of the session
today and many OF the smaller shorts
talking bullish and had numerous bro
kers in the pit taking wheat freely
ard bidding for it actively, while Bald
win and Farnum were also good buy
ers and added largely to the long line
they nave been accommodating for some
time. All this, with the light local re-
ceipts and the apprehension that
Northwestern and primary deliveries
generally were likely to soon fall off,
We're governing factors for a time and
made q strong p6
market, resulting in the advance not
ed. But after time buyers began
to withdraw and the longs began to
realize When prices weakened under
the selling pressure and fell. Decem-
Der opened at $3.50, sold to 5924c, then
up lFreSulariy TO 619c, but broke to
6O1sc and at noon was 6D14c. Septem-
per sold up to 6lc and May up to 641ac
very weak. during the last hour and
December sold off to 5915c, where it
closed. Partridge stopped buying af-
ter the price got to Sic, and Baldwin
been free buyers early, started to SELL
ing, and as soon as this was discov-
cred the bottom Went out.
Corn was active and higher, in
wheat, and the covering by shorts
was active, especially for September
That month seems to be largely over
sold, and as there is only about 1,000,-
StV Du W COntIdCt corn III store, anO
that largely owned by the elevators,
there was q wild scramble to buy it,
May went up in. sympathy with the
price for September, but both weak
ened later. September sold freely
from 331lc to 34l2c, of by noon to 33lac
May sold from 299sc TO Soc, off to 295sc
The market ruled easy during the last
hour, as the advance brought out a
great deal of selling and the demand
was lighter; shorts having covered
freely. May closed at 295sc and Sep
tember at 5334 c.
Oats were strong in sympathy with
corn and the short demand. May sold
from 211sc to N13c, off to 2118c, and
closed at 2iAc.
Provisions were firmer and closed
Slightly higher than on the day before
The trade was not brisk, but there
were buyers for January at some in
crease over yesterdays prices and that
delivery was relatively rather stronger
than October. At the close pork was
higher by 219c for October and 71bc
for January. Lard and ribs were each
up 212c per 100 lbs.
Estimates for Friday: Wheat, 60;
corn. 450; oats, $50; hogs. 1900
The leading futures rangeu as fol.
lows: