St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-30
CHICAGO.
Especial Telegram to the Globe.

CHICAGO, Oct. 29.-The markets were IN
interesting to-day and almost featureless,
coupled with a Discrimination 10 trade. There
fluctuations were rapid the range was small.
At times there was fair show of strength,
but the close on the afternoon board was
weak and nearly all articles showed decline,
compared with the closing quotations yester-
day. Wheat fell off nc for October and &c
November and corn 4 c for November while
oats went up &c for May and down q for
October. Provisions were inactive and
weaker, year pork declining 121Ic, Octo-
Der lard 121lc, and November lard sc. De-
tober ribs declined 15c and November ribs
advanced sc. Closing quotations were: No
vember wheat 743lc, November corn 42c,
May oats 1890; year pork S11.55, Noyem-
Der lard S6.77X, November ribs $3.50.
Wheat opened weak, but the scalpers made
a stormy effort to keep prices up, though they
were only partially successful, that is, they
prevented the decline being great as it
otherwise might have been. Those VINO had
bought for rise felt that if the market went
down again it would be harder than ever to
Wing ~ Np LULU LhCll ClLOAbo ~ DOIohNA
prices. Liverpool was quite and steady, and
Mark Lane inactive, with decline Of 6 pence
per quarter for California wheat off coast and
3 pence per quarter for American red winter
In cargoes on passage California wheat just
shipped was quoted l shilling per quarter
lower, which is equivalent to a decline Of
3 cents a bushel this side Of the water.
Receipts here were a little less of winter
and about the same of spring, and larger at
Milwaukee and Toledo. New York early
was &c lower and 81. Louis &c. French
cables were rather firm and cash wheat in
New York was also firm, and this helped the
bulls in manipulating the market in their
direction. Spring wheat is now higher in
proportion than winter, and the farmers are
selling more of it on that account. The Wis
IDLE supply statement, as made by Walker
was conflicting as usual with the Chicago
statement.
Said one of the directors of the board of
trade:
1.-THE New York Visible supply statement
shows an increase OF 2,2OO coo bushels OF wheat,
and the statement does not inclade Minneapolis
and st. Paul, where there has been increase
of 300 0JO bushels. The total increase is, &C
Cording TO the New York statistician, about
2,7OOOOO bushels. The Chicago statstician
however, makes it only 100000 bushels. Sec
Rotary Stone is OF in his calculations over
1000, 900 bushels"
Shortly after the opening this morning
there was fair buying by shorts and by longs
who desired to keep the market up,ald prices
stifTened up &c, but there were free offerings
at the advance, under which the market
.fT. IL. 4 q
opened at 741Ic, sold at AZ Q75c and closed
at 741%c. November opened at 75c, with
sales at 74&@1515c and closed at the lowest
figure OF the day. December opened at
i761Sc, sold at 765sc, advanced to 771{c and
closed on the morning board at 762lc and in
the afternoon at 7615c. No. spring closed
at 741lG075c, No. 3 at 61@61Ic, No. 9 red
winter at zoe and No. at Csc. Among the
heavier brokers who were supporting the
market were Kent, Schwarz & Dupee, the
Adamscs, Hancock and Driver. The latter
sold later, however, and Lester was also a
seller but, it is said, only of wheat he bought
yesterday. Murray Nelson was also on the
short side.
Corn was strong early in the day, ad-
vancing about &c above the latest Il cures of
yesterday. The cause OF the higher prices
was the small receipts and very heavy ship
ments over half million bushels. London
markets were called strong. The offerings al
the advance were large and con siderable
long corn was sold, which, with heavy offer
ings later for short account, gave the market
decidedly weak tone, the advance being
more than lost. The large holdings of the
long futures, supposed to be for eastern ac-
count, are the weak feature. The favorable
weather throughout the west for the driving
Of the new crop is also a heavy drag against
any improvement in prices. October
opened at Al &c, sold at 422le, declined to
fl y c and closed at TIA. figure on tue morn
5ng board. In the afternoon it fell of to
Also, which was its closing price YESTERDAY
November opened at 4214c, sold up to 4395e.
but weakened when the demand was filed
and gradually settled to close OF 4211e,
from which in the afternoon it dropped of
&c. Year sold at 39G39%c, closing at the
lowest figure. Bliss was trying to sell May
at S95sc.
Oats were more active and higher during
tre most Of the day and many Of the opera
A'iN NNAA ~ hA-ANA fAlNtS. W u russ
was a buyer of May. Il is believed that pur-
chhses by Tom Devices for some unknown
party aggregated in the neighborhood of
goo. 900 bushels. Bob Wallace is getting n
little cautious about selling big lines. The
visible supply is steadily decreasing. and uu-
hess heavier receipts begin 10 arrive pretty
soon sharp upurn is predicted MAY
opened at % c, sold up to 99sfc and closed
at 292sc. October opened 3 higher al 24sfc.
but sagged of in the afternoon and closed
at 25i4c.
There wss not much activity in provisions,
and the demand was mainly from shorts
October pork was unchanged. Year pork
ruled a little higher early. 1t opened 2Sc
above yesterdays last quotations, but later
took drop of l5c, and closed at SlI.I5.
Lard opened : &c lower, for October delivery
NJ SO. 90, aud closed at S6.S5. For Novem-
Der delivery the opening was steady at
S6.S2is, but the close was sc lower st So. TX
October ribs opeued unchanged at So 80, but
closed 15c lower. and November opened 2I<c
higher, aud closed SC higher at $685..
"There is nothing doing in provisions ssid a
packer, land I trust there will be nothing for
while. We want 10 get our hogs cheap and Ger
1aiuly the big packers viii do nolhiog 20 bolster
prices Of products until their cellars are pretty
well filed
..Do you fear sny such sivance in hogs this
eesson IS was suffered lastfr
..No, there's plenty OF corn this year-cosn
everywhere. look for sn abundance of fat
hogs at low figure
At the stock yards there was = good. steady
demand for all sorts Of fat cattle and prices
underwent little or no change as compared
with Yesterday. So-called Liverpool cattle
,-csos, ro,,or than last ,xs,t s,d .h,.,