St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-26
The November Wheat Option Moves
Downward as Usual, and Loses
Three-Eights of Cent,
Rumors Flying in Every Direction That the
Clique is Getting Its Grip on
Corn Again.
Business at Standstill IN Wall Stree
on Account of the Democratic
Demonstration.
CHICAGO.
Especial Telegram to the Globe. |

IO-uay SuIereu cOnSluerdDly on aCCOunO u
politics The Blaine faction busted itself in
making preparations for big show in to-
nights demonstration. A paper asking for
signers who would Join in a torchlight pro-
cession was circulated, and preceded and
followed by bowling mob of messenger
boys who were very enthusiastic. The only
traders were members of the gang of scalp
ers. They sold some pork and corn, and
succeeded in reducing prices somewhat.
Wheat closed &c lower for November at
74s6c. November corn closed sc lower at
1870. May oats closed &c lower at 29c.
Year pork closed 421ac lower at $11.35. No
vember lard closed Zoe lower OF $6.S715. No
vember ribs closed 1715c lower at $500.
Wheat opened rather steady at about clos
ing figures of yesterdays closing session, but
there were no supporting features. The re-
ceipts here and at other western and sea
board markets were liberal. The estimated |
increase in the visible supply to be published |
next Tuesday was placed at 100000 to |
8, 500, 900 bushels. The other leading Amer
lean markets were quoted dull and foreign !
cables failed to furnish any encouragement
to holders, and the chief buying was to cover
shorts by operators who were unwilling to
carry trades over Sunday, and after
such buyers we're covered bidding was SLOW,
and prices settled 3S@14c and closed
at about the inside prices of the
session. The entire fluctuations of
the day we're covered by 16@Ac. In expla-
nation of the increased export demand yes
terday, it is said that some French dealers
and spectators have been buying quite
good deal of grain recently, fearing that an
import tariff is about to be imposed on wheat
by the French congress, and wishing to load
up pretty we'll before such a measure is
passed. November was dull, opening at 7455
@74%c, sold at 7414c, and closed at 7495c.
December showed fair volume of trading,
opening at 761lc, sold at 765sc, down to
1870, and closed at 76@76Bc. January
was in moderate request and opened at 7715c,
declined to 1890, and closed at 1870
76Xc. The offerings of No 2 spring
in ear lots were liberal and we're taken al
most exclusively by operators who were buy
| ing to hold against December sales. Tran
sactions were at 7355074c, and closed at
1890. No. 3 spring was 293c lower and
the demand light The closing was at 5914
Cd60c. No. red winter was in fair request
| and Il higher at 742<c. No. 3 closed at
| 65c.
As October wanes the interest on change
centers more closely in the corn pit, and this
interest was intensified by the delivery of
| 500, 900 bushels of cash corn by the clique,
as noted yesterday, which was, however, sold
to shippers who had already engaged vessel
room for shipment east. This morning the
operators were selling again. Jim Love
! SfOOd in tla cash crowd and took
in the spot corn at somewhere about 40c.
| Weare's brokers stood in the pit and bought
October and November, and in the first two
hours after the session took in more than
was delivered out yesterday. An insder
said this morning that the delivery yesterday
was a faint. Just wait until next Monday
and you will see prices for October marked
up so fast that it will paralyze the Solomons
who have been saying that the clique don't
have money enough to carry the deal. Now
mark my words, wait till next Monday, of
course it wouldn't do to put prices up now
and start big shipping movement to Chi
cago. October opened at 43Xc, sold at
422I044c and closed at 43c. Novem-
Der opened at 44c, sold at 4415c,
then down to4215c and closed at
1880. Year opened at 40Tc, and de-
spite the purchase of 10000 bushels by
Nat Jones at 40c (half of which was taken in
one block from Jim Love-, there was a de-
cline and the close was at 3919c. 1t was
wired from New York that Armour was
thought to be in the corn market here for
several days past and such report may be
true. as the late weakness in corn has reacted
: | ;,,4eN nd ha win vaolrinu
season is soon to commence he may wish to
. keep his own market firmer by putting up
the price of corn.
Oats opened firm, but closed quiet and a
shade easier at 255Ed26c for October aud 29e
, for year. Owing to liberal receipts of hogs
| and reduced prices in that market, pro-
visions ruled lower on all leading articles.
Offerings were liberal and the demand was
= ONLY fair and chiefly from shorts.
Foreign advices were unchanged and eastern
markets were rather weak and prices favored
BUYERS. Prices ruled weaker for pork and
defined to s11.35 for year, while October re-
NAMED steady at $3.50. Lard declined 10
t G1l5c and closed tame at s7O75E for Octo-
! Der and s6.S71z for November. Ribs also
ruled easy and declined. the October option
closing at 1885 against $9.S71l yesterday
and the November option at $500 against
s7.O7Jl.
There were hut few rangers among the
: fresh receipts of cattle and only sixty-eight
f cars of Texans. There was lively demand
: for all the fresh arrivals, with a sharp upturn
. in prices on Texans. First class north
e western range cattle have advanced fully
4Oc per 100 pounds the past week, and sec
: ond class 2Ofa25c. Texans have also adj
o vanced strong 30ld4Oc per 100 on the bes
1O(a15c on second class and Gamers. Range
). cattle NAV be quoted at "a to s. and Texans
. at 50. 1904. One drove OF very fat and
: straight Texans from the panhandle country
! made 1856.
The hog market, to use a saying o
! the period, went all to pieces The declin,
! was so rapid and spontaneous that one tim
1 it locked as though there was really no bot
tom. and before the market closed the de
cline was anywhere from 10 TO zoe. Com
Il mon. ana rough packing went down to 81 2
2 a4. so, and good packers S4.75d4-s5, Will
l; the best packing sold at about S4.9OG1+95
and the best assorted heavy at S5C95.i0 an
Philadelphia at 1918. Light sorts we're fl
better demand, but also declined with ID
/, rest. The best selected, 40 pounds orthere
D. about averages, sold at s4.75Cd4.s0 Will
skips went to $4d4-25.
y In their weekly review Of the market, Ha
e. mill & Brine say:
The tendency of values for the past wee
y has been towards lower range, and althoug
Al wheat and oats are not quotably lower. cor