St. Paul daily globe., 1884-11-23
Corn "Opens the Day by Rising Some
what. But Winds MP About a
Quarter of a Cent Lower.
Provisions Continue to Manifest No Life,
and az the End Of Each Session
Show a Small Decline.
The Close in Wall Street Very Tame After
Day OF slight Fluctuations
and Little Exc temenE
CHICAGO.
Isperial Telegram % he Globe. |

]
taking more Interest in leading grains.
Wheat was irm throughout aud closed at the
top prices Of the day and at an advance OF
about ll{c over yesterdays close. Corn
opened higher, but broke under heavy re-
eeipts and at the close all options except
November were B@Hc lower. November
was = higher Oats declined shade and
provisions generally were lower, pork falling
/ 5l9lOe, lard 2I<c and ribs Sc. The closing
! quotations on the board we're: January
wheat 75e, year corn 361Se, May oats 27s<c.
January lard 40, January ribs S5.525<.
On the curb wheat was weak and Jx,94c
lower, corn a shade easier and provisions
quiet.
A much stronger feeling was developed in
wheat, and the market opened l{e higher,
and rapidly advanced with ouly slight re-
actions, closing strong at 75c for January,
with the bulls expecting 10 put it higher on
Monday. ST. Louis reports an advance Of
l@lISe for cash wheat The bull influences
were rumor that Armour, who has for some
time been buying the bulk OF the receipts of
No. wheat, aud was supposed to be selling
January against them, had only sold a com
paratively small amount of the option,
aud Was heavily long, the heavy purchases
yesterday afternoon and to-day by large
houses here, which gave the idea of a con-
eerted bull movement, European cables not
ing hardening tendency there, current re-
ports of a decreased acreage OF witner wheat,
free purchase Of car lots by millers; smaller
receipts, and the bad weather In the west
and northwest. The strong upward tendency
OF the market caused a rush to cover
shorts, all the greater from its being short
day aud the bears bid up the market on
themselves, no disposition to sell freely be-
ing evidenced by any party. Should the ad-
vance not cause the putting out Of large
lines Of new shorts and consequent free SELL
ing, there is reason 10 expect that It will
continue Monday. Receipts are expected to
show a material falling of from now, es-
pecislly if the warm, rainy weather con-
tinues, and indications are that next Tues
days visible supply statement viii not show
over $50, 900 or ,O0O, 900 increase. Decem-
Der opened at 1314@739sc, advanced with
frequent fluctuations and closed at
p m. at 744@749sc. January was
the most active future handled
and liberal buslaess was done in changing
from December at the premium quoted.
Opening AT 1916, IT sold at 1355975JSc aud
closed at 75c- February developed a little
more life, opening at 742Ic and closing at
! 745S9755Sc. No. 2 spring is scarcely called
for by shippers and SOLD in car lots to specu-
lators to carry against sales for future months
at T3Ss@73Isc cash. No. 3 spring was in
better shipping request and advanced 63c,
closing at 5S66Oc. No. red winter ad-
vanced and closed 1c higher at 74H974J<c
and No. do advanced SIC and closed at
| Csc. Lester, Driver ane Counselman we're
buying all the morning and so were Clifford,
Irwin, Orr & Co., aud Milne, the exporter.
The latter said:
Eyes, wheat has taken upward turn to-day
but il Is only temporary boom. What reason
Is there for higher prices, granting that wheat l.
now lower than Il has been in years! Our visible
supply win amOuntfo so O0. 900 bushels in A few
weeks. IL is now nearly 20 per cent larger than
II was at this time las. year. IL was a year OF
good crops in tins country and Indifferent crop
abroad. This year we have a larger crop at
home and foreign crops are all fair to good The
foreign markets are already gluttcd. Added TO
this comes the report that the spring wheat area
for next year viii be muchlsrger than i was last
year. No, the situation IS not cheerful one for
the bulls TO contemplate"
Corn was moderately active, but there was
an absence Of supporting features, and al
though prices slightly improved at the open
! ing, the market soon weakened under heavy
receipts, predictions of large arrivals next
week and an absence of any considerable
demand except tO-eOver shorts, aud values
for all futues beyond this month were lower.
Low grades for prompt delivery also suffered
severe decline ami closed at the bottom.
Despite the large increasing arrivals. the fact
that only small percentage OF the receipts
grade No. in connection with low prices
is an argument against selling short. No
vember opened at $3.50, sold at 395<G4OJ<c
and closed at 39s[@4Oc. Year opened at
! 361<@365Sc, aud was fairly active at
S5JS9365sc aud clnsed at S6@36Isc Janu-
AIRY opened at 3425c, was quiet, ranging at
344@34jSe, closing at 345[c. Schwartz q
Dupee were sellers of May and John Kanther
and Wheeler, Gregory * Co. were buyers.
Oats ruled steady at 25c for December aud
275Sc for May, with. Press about the only
buyer.
The provision market was moderately
active, weak and.5dlOe lower. than vest r
days closing. January pork opened point
above yesterdays closing, but on selling by
the same parties as Yesterday. declined with
small fluctuations l215c, reactlng one point
at the close. January lard was affected bv
one prominent Iora operator selling psrt
OF his holding, declining Sc, but recovering
hall the decline at the close. The business
done WIS Of little importAaer, and principally
on local account. The feeling is weak.
though p-ekrrs do not seem dispose to offer
much Tor future delivery.
AT the stock yard the receipts of cattle were
light and mainly Texaps, which sold a shade
lower The feed natives on sale made about
the same prices as the previous days of the
week. Receipts for the week were about
10000 and for next week the estimates are
placed at not over 35, 5,O0O.
The hog market was unsettled and weak,
with the bulk of the choice packing grades
selling at 81 .2O04.25 or there abouts, and
values were a strong lOc lower that at the
opening yesterday. Receipts for the week
were 20, 200, and estimates for the next week
are from l75, 900 to 100, 900. A large num-
Der were left at the close.
uaxrrrr A. rxur~IsS ID EvrExv.