St. Paul daily globe., 1884-10-11
Wheat Fluctuates Slightly and Fin
ally Closes Without Change from
Tuesdays Last Prices.
Lard and Ribs Slump off
Trihe.
Mammoth Democratic Demonstra-
ton on Thursday Night.
CHICAGO.
special Telegram to the Globe.l

taken by the brokers in the political situa-
alton, and produce speculation was dwarfed
by the magnitude OF political speculation.
In the leading commission houses the bulle-
tin boards, announcing fluctuations on
Change, were almost wholly neglected in the
anxiety of the customary crowds gathered
there to hear everything of political nature
that might be current, and only the more in
dustrious portion of the scalping fraternity
stuck to business. AS consequence there
wasn't much doing, and, with the
exception of 17Sc advance,
in corn and 75@1Ec advance in oats
everything dropped a notch or remained un
changed. Wheat was a shade off from last
quotations yesterday and provisions rather
weak and lower. The closing quotations on
the afternoon board were: November wheat
(unchanged) at 1880; November corn 15Sc
higher at 529lc; October oats &c higher at
2724c; year pork 715c lower at s12.6215;
October lard 15c off at $3.50; October ribs
zoe off at $3.50.
There was hardly chance to make any
money on wheat to-day owing to the re-
markable steadiness of the market.
Liverpool was reported ''inactive''
and cargoes off coast ''were dull.''
Mark Lane was "quiet and steady" Our
receipts were considerably larger in both
winter and spring, though they were less at
Toledo and Baltimore. New York early was
Il C off on wheat, while st. Louis was steady.
There are but very few outside orders, either
to buy or to sell. Heavy parties are long on
wheat and are holding the market for a rise.
The bears are afraid to sell at these low fig
ures at this season of the year, and so the
markets drags its slow length along from
day to day, with but little change. Some
thing new must turn up to cause boom,
but where that something is coming
from no one can tell. Foreign markets
are not taking much of our wheat even at
present figures, and of course they would
take less if prices were advanced, and the
great need of the country just now is the
rapid conversion of our ample crop ma
terial into circulating cash, but how can
this be done unless portion of the stuff
is sold at the current prices. Some par
ties aver that wheat in some sections is
not threshing out as well as expected, but
there are no official or authoritative declar-
ations to this effect. The heavy longs may
combine soon to put the market up by
solid lifting, or they may allow it to go a
! little lower for the sake of
getting out more shorts, and
| then give it a lift. For the first two hours
of the session the market luctuated within
range of &c. Novem Der opened at 7S1Ic.
| decliued to 7S1sc and hung between that
and the opening figure for long time with
hardly a sale, finally closing on the morning
board at 1890, but strengthening up to a
close of as 55c in the afternoon under in
| creased buying and the report that $50, 900
bushels had been taken for export in New
York. December, which is rapidly becom-
ing the favorite deal. opened at soc, sold at
s01l@S07sc, closing at S015c on the morn
ing board and at sOHc in the afternoon
| October fell off 5Sc to nc. No. 2 spring
sold at 7624@77c, No. 8 spring
| 63@635Ec cash, the demand being chiefly
| from shippers who pronounce it cheaper than
| No. 2 at the discount at which 1t sells. No.
2 red winter sold at 7S1l9791lc, closing at
1850. No. 3 red closed at 67(d6714c and
rejected at soc. This market is still much
higher, relatively, than winter wheat mar
kets, December wheat here selling 1c above
No. red wheat at Toledo for December and
the Toledo wheat Is free on board, while
here the wheat pays &c storage to put it
I. o. b. Toledo wheat is winter and this is
spring. Last season the Toledo wheat moved
out at about 10c above price of No. 2
spring here. 1t would seem to be
safe to straddle, to sell here and buy in
Toledo the December OPTION, but so far the
straddlers have been badly whipped, putin G
the short leg in the market.
A. NJ. Wright says: ''while the present price
seems low, fail to see any indications that JUS
I tify an early advance of consequence. On the
reverse the outlook fayors predictions Of 4 scalp
ing market for several weeks to come
Corn averaged much frmer than on yes
terday's market, the shorts III November
and year showing a disposition to lower,
owing probably to continued decrease in re-
eeip.s, which were smaller to-day-1s2 cars
than for some months past.
There were few signs that the
clique might be letting go their hold, but
this very appearance may be manufactured
by them for effect. One thing is apparent
and that IS pronounced gain in the bear
feeling among the active traders. The cool
dry weather is helping this new corn might.
lily every day, and this fact, Of course, in
ereases the danger Of running another deal
Still. under almost any circumstances the
October shorts Of there be any left are e.
the mercy of the msnipulators, and will re
main so to the end OF the month unless thel
: fiji and GET out before tha
time arrives. An illustration Of tn,
mixed up condition of the corn crowC
is that half the pit was selling upon the con
vfctioa that Weare and his friends had solo
out, while the other half of the pit was buy
ing upon the theory that Weare and hi
brokers xsrc ioading up. At the opening
the Eaanlpulators, who play fast OF loose a
best sufts their interest, bid up prices to 55,
ior 0stober.an advance Of t<c on yesterday
ltiose but there was no demand of conse
. uHenec and the advance was nearly all lost
hai dnring TIE last half hour Of the regula
r 6a-d those who had been selling freely be
czzle frighfened at the report that the com
binstion vas shipping out their contract corn
! aud IN sheir hurry to corner spot sale
bid up prices TO a close Of sac, az whiel
! / fgsrl- this option also closed on the after
{ noon board November opened at 51z<
. ard folIored about the course Of October
, sxcErt that when the shorts became fright
cne2 the advance was much greater. an,
re tnaFket closed at 52sSc against 81 555e yes
tertay. Year opened ct 425Se, scld moder
steiy at 425za435<c and closed al 43IIe.
Liverpool was Sd lower, while New YOri
~ss steady and St Louis early was &c highe
. on October.
}. Ths Chandler Brown company say: ''ShouI
= h1 . an