St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-11-02
Wheat Shows no Disposition to Ad-
Yances Materially, and Closes
About at Fridays Quota
tiOns.
Corn, Oats and Provisions Do Not Fluetuate
Sufficiently to Make Them In
teresting.
Refuse Ia Boom Under any Cir
stances Whatever.
CHICAGO.
lspeeiaI Telegram . he GIobe. /

bets ana politlcai missionary Work occupied the
main attention OF the crowd. Wheat opened a
little on bat closed quite steady aad strong at
shade better prices than on yesterday. Corn was
steady but inactive, and al the close &c
lower for November and stronger for deferred
options Oats were irm, inactive and about
steady, and provisions ruled slow and steady and
at the close showed slightly hrmer prices. No
vember wheat remained unchanged Al 7sllc, No
vember corn at &c lower AZ 41ze, May oats
unchanged ar 29Hc year pork CSC better al
Sl1.52iG, November lard &c higher al SG.s5E.
November ribs SC higher az s595. The deliver
les this morning amounted to 100000 bushels Of
wheat 30. 900 bushels OF corn. No oats were
passed around.
Wheat opened up with little spurt and gained
slight advance early which subsequently,
about all lost Liverpool was slow and Mark
Lane dull and neglected, with penny per GENIAL
decline in California. The receipts to-day were
about the same OF winter and larger Of spring.
New York and ST. Louis early were iS04c
lower, and private adyices said the markets were
heavy from the absence OF export orders. that
cables were depressed and freight room scarce.
There was, usual, absence OF outside
orders, and trading was principally In evening
up by operators who were not disposed 20 leave
trades open over Sunday and in changing over
November TO future months At the premium for
carrying November. The market opened at
741sc, advanced TO 74ssc again settled and
closed 74hc. December opened at 76c, ad-
vaneed &c and closed at 76he. January opened
at 76sfc went up to IKE, receded and closed
at 76Sc. No. spring sold in car lots at 74J9G
74Tc Cash and No. were steady at 6OH0
6OAc. No. red winter closed at IS - and No.
3 at 64c.
"The bulls are hoping for a better demand
and higher prices after the election" said A. NJ.
Wright, ''but IL seems useless 10 look for any
material appreciation in values based on legiti-
mate influences until better shipping inquiry
develops than has existed during the past two
months. Prices, however, are low and slight in
huences Of favorable character are likely TO
start values upward, but without the aid Of fac
tors Of a substantial character il win be difficult
TO support advance"
Another operator said: sit is quite evident
that the intention IL 10 put the market up az
much as possible on the strength OF the dimin-
ished acreage OF fall blowing which is reported
from Kansas and Dakota. 1t is a regular cut
znd dried programme, and no doubt viii be car
ried out unless some accident happens to the
scheme. This will make prices better for the
time being, cut of what little export demand
there is, increase the flow OF receipts, and cause
a regular blockade OF cash stuff, II the policy Is
continued long enough, bat what do the bulls
care il they can have an opportunity to show
their old time grip and power on the market"
Corn at the opening seemed disposed to follow
wheat to some extent, but the determination to
advance prices did not hold out long. There IS a
good steady consumptive demand for corn at al
most all seasons OF the year, and while receipts
continue a. light as they are now prices viii be
somewhat firmly maintained. Liverpool was trm
on corn and our receipts were a little larger than
yesterday, but still not heavy. In New York
the deliveries OF November were 100000 bush
els, which went into the hands Of shippers. The
market there and at st. Louis early steady
November declined i sc and the other options
remained almost stationary. The limited delivery
Of corn is believed by some to show that Weare
and his friends still have designs OF some kind
on this cereal. They were borrowing out corn
yesterday, the impression Is that they viii use
the cash stuff TO bear the market. November
opened the same as yesterday and closed at 42a
42lSc, and advanced 20 42Sc, but weakened
when few shorts who were covering trades had
filed, and closed at 41zc. Year was rather
slow 1t opened at 39c, sold at &c, and closed
at 39lSc. The only trades OF any consequence
were sales by Field, Lindley s. Co. OF shout IL
600 bushels Of year corn at s9639Ac, an
about SO 900 bushels Of November by Ben STAN
fer at 421Sc.
my Customers" said Mr.. Bodman, ''wire me
to hold all the corn I have got for them. They
believe corn at present prices. is a bargain
Oats remain steady aud firm at slight variations
in price, symputhzing. as a rule, more or less
with the leading cereals. November .o-daJ
closed At IS &c and May At 29ilc.
In the provision market there was a fair de-
/ ~ .Vffh
prices were lvanoed on all leading articles
Fopegn advices showed decline OF ed on lard
but other articles were unehsngcd. Pork wa,
moderately active for January but quiet for othe
months, but most optione closed higher, year ad
yancing sh 10 1.525s and January sc TO Sll.5
February was sc lower at Sl1.65. Lard was mod
erately active and November advanced sc "a
So s6Is. December remained stationary at So s.
and January dropped exc TO So. 90. Ribs wer,
irmer but quiet. November advanced sc Il
$685.. January unchanged Al S6.O2H an,
, February advanced 2gsc 20 S6.O7h.
G. s. Everingham & Co. say; Indication
point to higher prices. We have reason 4
q change our views on provisions completely, am
5 strongly advise buying January pork OF lard OF
e any reaction from current prices. While tn
November run OF hogs will be liberal, It is no,
/ thought they will not be as large a. expected
: At the stock yards there was about the averag
I Saturday, business. The receipts OF both catil
b, and hogs for the day were light. and the de
n mand was about equal TO the supply. There Ia
: been material decline in both cattle and hog
u for the past week, both markets closing wea
and unsettled. yet the cattle trade ruled slight
n frmer toward the close. The receipts OF cattl
for the week will reach about a 900 and OF hos
about ls2, OOO a much smaller number than wa
Il Oh
crease is looked for next week. The receipts {
= cattle for October show. when compared wit
the corresponding month last year. decrease G
N 1905, and OF hogs IL, 94s.
The average gross weight Of the hogs receive
N was 241 pounds, against 2Ss for September, al
$50 for october last year.
! Hami & Brioe, in their weekly review OF tn
market says: "The past week has been one
N dullness and inactivity in grain. fuctuatoI
d having been confined 10 = very limited range al
values at the close to-day being almost identities
d with those of week ago. Provisions were nor
- active. although speculative trading has bee
a. light. In the early part OF the week pric
dropped sharply. the close, however. showir
no essential change from those current at n
date OF our last. For both grain and provision
j, Excepting wheat), there has been = good shi
& ping demand which has tended TO general !
s duction OF our stocks. The presidential electIo
=, now close at hand. has been, here as elsewher
q, the prolific source OF discussion and excitemen
n and has doubtless 10 some extent diverted atte
ton from customary business operations Til
a however. we think, is insufsce
g Of itself TO account for existii
~ apathy and indifference, although exchanges a
&c boards of trade all the country, where lar
numbers OF business men daily eongregste,