St. Paul daily globe., 1884-11-07
Oats Moving Along in the Even Tenor
OF Their Way and Provisions
About as Usual.
Rate Cutting. Election Excitement and
the General DuIlness Cause
Weakness in Wall Street.
CHICAGO.
Especial Telegram TO the Globe.


lower at Sl147j<. December lard was l5e
lower at $3.50 aud January ribs re lower
at S5.95.
The wheat market opened Hc of, and
went down 3sc more under the Offering of
holders and the hammering OF tie bears.
The feeling was weak from many causes.
Receipts we're quite heavy and have
been al all the week while the
export demand is light. Our visible supply IS
now larger than ths highest amount in store
last year, and bids fair to 60 right on in
creasing in size for some time yet. The
future is uncertain in many respects and the
probability is that capital will be more con-
servstive than ever. As in stocks, so with
wheat. The prevailing low prices are about
all that keep the market from going lower
still. Liverpool was quiet but steady and
Mark Lane depressed. The decrease OF wheat
and -four now on passage to the United king
dom from the amount reported last week is
about 100, 900 quarters. New York aud St
Louis early were both lower on wheat though
no: TO the same extend as with US. The New
York visible supply Of wheat is about sOO,-
600 bushels less than our last statement
and in corn the decrease Is less, but as ev-
eryone knows what causes the difference be-
tween these two statements no attention is
paid to the matter. November sold at 739
733lc and closed at 733Sc. December
opened at 755sc, sold at 76e, back to 751Sc and
closed at 75JEc. January opened at 765<c,
sold at 7G5sc, down TO 76c and closed at
76Ilc.
No. 2 spring in car lots was weak, selling
at 731sa745Ee. Cash No. 3 closed &c lower
at 595Sc. No. 2 red winter closed at 75c
and No. 3 at 7S@74e.
A. II. Wright d Co. say: $50 long as the
arrivals continue 10 approached anywhere
near current figures without corresponding
outward movement to consuming points, it
seems useless 10 hope for a healthy and
stIong upward movement In fact sneh a
contingency can only be brought about by
some agency at present hidden, and We ad-
wise customers who may be inclined TO buy
or sell to operate on a basis of small losses
or profits"
G. s. Eyeringham & Co. say: ''We ex-
peeted this decline in wheat, and 1t may go
still lower, but we feel confident that pur-
ehases made on breaks will prove profitable
The great rush Of wheat will soon be over,
and when receipts decrease we doubt IL we
can buy wheat at present low prices. Ad-
vices from large shipper say that the eleva-
tors and warehouses in Iowa and Minnesota
are not yet full Of wheat, as has been repre-
sented.n
Corn was also heavy owing 10 fine weather
and an increase OF receipts and the certainty
of seeing a much larger inflow when the new
crop once gets hard and dry enough to grade
! No. 2 November, which was quite firm for a
while yesterday, weakened to-day, and
| dropped &c from the opening, while year
was Off 1c and other options 10 a lesser de-
gree. There is very little hope or chance for
any more furries in the corn market
for a long time 10 come. For the past
two years the rapid and violent fluctuations
in the price Of corn have far surpassed those
OF wheat, but now, as one extreme usually
follows another, we may look for an
equally long time Of quiet unless the future
has more poor crops In store for US. New
York and 81. Louis early we're both lower on
corn. November opened at 42ssc, receded
to 411<c, and, after fuctuating between that
and Ace, closed at the lowest figure. De-
cember sold at 3SS@3914e, and closed al
3s4c. Year sold al Ssd391sc, and closed
at 3sc.
Milmine, Bodman & Co. say: ''The sup
ply is beginning TO show slightly in excess OF
the demand, and II receipts increase ma
terially country shippers must expect to real
ize less prices on their shipments Of new
corn. With few days OF liberal receipts
new mixed and rejected corn might easily
sell of to 35c, and country buyers win dc
well to hear this in mind and make thell
purchases accordingly"
Oats were dull, speculative orders being
light and all trading Of a local character
November ruled at 7514e all day, 1lc below
Yesterdays close. May ranged between 2sJs
@29Lc, closing at 29c, &c below yes
terday.
In provisions the feeling was unsettled and
prices ruled irregular and generally lower
The decline was quite sharp early in the day
but stifened no somewha. later. Jsnuar,
pork opened at Sll.55IS. fell to $li.40 and
closed at slL47j5, agains. SlI.62k yester.
day. February pork opened at slI.67H
reached Sll.T0, fell to sl15O
and closed at SLIGO. Lard wa,
lower. bat ruled With more steadiness
November opened at Yesterdays close
S7.02IS fell exc and closed al g.. Decem
Der opened 21<c lower al Sc. 92jS. sold dowr
and closed al $3.50. Short ribs were dul
and weak. January .eH IKE from yester
days close and closed 81 so, and Februar,
sold at s6.oa51.
rorr arEof rothar IL
export trade is in ahsut as low a condition a,
for any time since 1915. Nearly every on,
concerned has lost money this season. and 1
is quite evident many of them are tired
and ready TO "lie down" American shin
meDts TO British markets have dwinGles
down to small proportions. Range stock and
Texas, especially low grades, are quoted
lower vet good Texas sold as high as IS. n
"a. 80, and during the week the best Wyom
ing and Westerns have sold at from s4. 7O0
$50.
The receipts Of hogs showed up raihe
stronger than anticipated. while The oualiit
was the best for any day this week. Seller
seemed TO anticipate decline and shape,
) matters accordingly. the average sales show
ing a strong sc decline, while In many in
stances 10c would no more than cover IN
loss as compared with yesterday. The mar
ket closed weak, with the speculator loade
with as many as they could cary over.
CHICAGO FINANCIAL
:
Especial Telegram to the Globs.I
CHICAGO, Nov. 6.-Genersi business at th