St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-27

decline of importance, but the tone of spec
uiation is weak and operators about equally
timid and nervous, either as holders or short
sellers.
Wheat has been quite active during the
week, with several spasms Of firmness.
which has failed to develop into actual
strength because of heavy receipts at New
York, shipping inquiry here being merely
nominal and daily receipts at eastern points
having been for some time largely in excess
of export demand. Under this state of
things our market has been in the main
dragging one, and the firm spot operators
have been free sellers. No decline, how
ever can be quoted closing prices to-day
being fully up to those OF a week ago.
It is claimed by many that when the presi-
dental election shall have passed and inter
ference with business operations from this
cause shall have ceased that our general
business win improve and that some moder-
ate advance IL prices may be expected.
Without expressing any opinion on this
view We think that before permanent i'm
provement occurs the daily receipts at pri-
mary markets must materially decrease, the
visible supply being now regarded as TOO
heavy to admit of any serious bull move
meut We still feel that short selling is at
| tended with unusual risk, the current low
range of values affording small opportunity
| for profit but at the same time the situation
! at present does not seem to warrant ad-
vances.
/ Corn has been very unsettled, the action,
/ or supposed action, of the clique having a
daily source OF varying opinion and eoniec-
! ture. The course of the market in the early
/ part Of the week indicated that it had been
/ fed literally with corn for October and also
/ for November delivery, and the delivering
Yesterday OF some 500. 900 bushels on sales
for the current month was not altogether un =
expected. AS shippers had been looking
around auxiously for some days for No. 2
corn this delivery had stimulating rather
than depressing effect, and the market ad-
vanced sharply. This strength seems to have
been only temporary, as to-day the advance
of &c was wholly lost. With the close barely
steady at the decline, there seems to be no
special room for a serious break from pres
ent prices, although the market may suffer
from the inactivity which generally follows
manipulation. The weather has been fairly
favorable for putting the new crOpin market
able condition, but no heavy receipts of
graded corn are expected before December.
Oats are without special feature. The
shipping demand continues good andis fully
up to the supply. The decline in corn has
caused some weakness in this grain, but
values are without important change and the
close is firm at about &c improvement on
the week.
There is nothing specially new in the pro-
vision trade to note, cash product, being in
light supply, has com handed full prices, out
during the past few days the futures have
been more freely offered and are lower.
Receipts of hogs are fair and are being taken
by the few packers who are running at good
prices. Theseprices must, however. sharply
decline to enable them to furnish product at
the values now current for January delivery,
but as the regular packing season will open
on the 1st prox. this problem may be more
correctly solved a little later on.