St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-27
The November Wheat Option Moves
Downward as Usual, and Loses
Three-Eights of Cent,
Rumors Flying in Every Direction That the
Clique is Getting Its Grip on
Corn Again.
Business at a Standstill IN Wall Stree
on Account of the Democratic
Demons IratiOn.
CHICAGO.
Especial Telegram to the Globe


politics The Blaine faction busted itself in
making preparations for a big show in to-
nights demon stration. A paper asking for
igners who would join in torchlight pro
cession was circulated, and preceded and
followed by q bowling mob Of messenger
boys who were very enthusiastic. The only
traders were members of the gang of scalp
ers. They sold some pork and corn, and
succeeded in reducing prices somewhat
Wheat closed PC lower for November at
74a5c. November corn closed &c lower at
42$lc. May oats closed 515c lower at 29c.
Year pork closed 421Ic lower at S1L35. No
vember lard closed Zoe lower OF $6.S71@. No
yember ribs closed IKE lower at $500.
Wheat opened rather steady at about clos
ing figures of yesterdays closing session, but
there were no supporting features. The re-
ceipts here and at other western and sea
board markets were liberal. The estimated
increase in the visible supply TO be published
next Tuesday was placed at 100000 to
$500, 000 bushels. The other leading Amer
lean markets were quoted duh and foreign
cables failed to furnish any encouragement /
to holders, and the chief buying was TO cover
shorts by operators who were unwilling to
carry trades over Sunday, and after
such buyers we're covered bidding was SLOW,
and prices settled 55@4c and closed
at about the inside prices of the
session. The entire fluctuations of
the day were covered by 190lc. In expla-
nation Of the increased export demand yes
terday, it is said that some French dealers
good deal of grain recently, fearing that an
import tariff is about to be imposed on wheat
by the French congress, and wishing to load
up pretty well before such a measure is
passed. November was dull, opening at AZ
(a14$<c, sold at "a &c, and closed at 7425c
December showed fair volume of trading.
opening at 761lc, sold at 765sc, down to
755Ic, and closed at 76@7615c. January
was in moderate request and opened at 7715c,
declined to 76@Sc, and closed at 7649
767Ec. The offerings Of No , spring
i'll car lots were liberal and were taken al
most exclusively by operators who were buy
ing to hold against December sales. Tran
sactions were at 73%G74c, and closed at
1899 No. 8 spring was 2a3c lover and
the demand light. The closing was at $50
0GOc. No. red winter was in fair request
and &c higher at 7424c. No. closed at
Csc.
As October wanes the interest on change
centers more closely in the corn pit, and this
interest was intensified by the delivery of
500, 600 bushels Of cash corn by the clique,
as noted Yesterday, which was, however, solo
to shippers who had already engaged vessel
room for shipment east. This morning the
operators were selling again. Jim Love
stood in the cash crowd and took
in the spot corn. at somewhere about 40c.
Weares brokers stood in the pit and bought
October and November, and in the first two
hours after the session took in more than
WAS delivered ont yesterday. An insider
said this morning that the delivery yesterday
was faint. Just wait until next Monday
and you will see prices for October marked
up so fast that it will paralyze the Solomons
Who have been saving that tue. clique don't
awe money enough TO carry the deal. Now
mark my words, wait till next Monday, of
course it wouldn't do to put prices up now
and start "a big shipping movement 10 Chi
cago. October opened at 431Ec, sold at
42M@44c and closed at 43c. Novem-
Der opened at 44c, sold at 44lIc,
then down to4215c and closed at
424c Year opened at 4O1Sc, and de-
spite the purchase Of 100000 bushels by
Nat Jones at 40c thalf of which was taken in
one block from jim Love-, there was . de-
cline aud the close was at 39j5c. II was
wired from New York that Armour was
thought to be in the corn market here for
several days past and such a report may be
true. as the late weakness in corn has reacted
over into pork, aud as the winter packing
season is soon to commence he may wish to
keep his own market Grmer by putting up
the price of corn.
Oats opened firm, but closed quiet and a
shade easier at 257<tG26e for October aud poe
for year Owing to liberal receipts Of hogs
and reduced prices in that market pro-
visions ruled lower on all leading articles.
Offerings were liberal and the demand was
only fair and chiefly from shorts.
Foreign adyices were unchanged and eastern
markets were rather weak and prices favored
buyers! Prices ruled weaker for pork and
defined 10 Sll.35 for year, while October re-
maiued steady at $3.50. Lard declined 10
0l5e and closed tame at S505l5 for Octo-
Der and S6.S7js for November. Ribs also
ruled easy aud declined. the October option
closing at S9.S5 against S9.S7iS yesterday
and the November option at $500 against
s7071E
There were tut few rangers among the
fresh receipts Of cattle and only sixty-eight
cars Of Texans There was a lively demand
for all the fresh arrivals, with sharp uptuTn
in prices on Texans. First class north
western range cattle have advanced fully
soc per 100 pounds the past week, and sec
ond class 20,a25c. Texans have also ad-
vanceds strong 30G4Oc per 100 on the best
I0,dl5c ON second class and Gamers. Range
cattle may be quoted at 81 to 81 and Texans
at SS.75G$4. One drove of very fat aud
straight Texans from the panhandle country
made S4.55.
The hog market, - use a saying Of
the period, vent ali 70 pieces. The decline
was so rapid and spontaneous that Que time
it looked as though there was really no bot
tom, and before the market closed the de-
cline Was anywhere from 10 to zoe. Com
mon ana rough.packing went down to 81 -
"a. 80. and good packers 81 1904. s., while
the best packing sold At about 81 g0G4. q5.
and The best assorted heavy al S5Cd5.1O and
Pbiladelphias at S515. Light sorts were in
better demand. but also declined with the
rest. The best selected, 10 pounds or there
about averages. sold at S4.5594.S0, while
skips went to S4Sa4.2a.
In their weekly review Of the market. Ha-
mill < Brine say:
The tendency OF values for the past week
bss been towards lower range, ana although