St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-11-06
Betting on the General Result
Very General and in Large
Sums.
This Style Of Gambling Very Popular
on Account of the Possibility of
Early Returns.
light Trading in Cereals and Hog Products
and Fluctuations Very Slight
The Scenes on the New York Stock Ex-
change About as in Chicago and
Business Unusually Light.
CHICAGO.
Especial Telegram to the Globe. |


CHICAGO, Nov. 5.-Athough the regular
sessions of the board of trade were held to-
day, there was very little doing, as the
political situation absorbed the attention of
all brokers.
Wheat. owing to the lack of sustaining in
huences, closed about re lower than on
Monday. Corn and oats a shade easier, and
provisions generally 21G@71Ic lower The
closing figures were, December wheat 1890,
November corn 423Sc, May oats 29Ac,
January pork S11 621I, December lard S6.95,
January ribs S6.021%.
Wheat was entirely destitute Of a shipping
feature, the receipts being liberal and an in
crease of over 800. 600 being reported in
the visible supply. Foreign markets we're
reported as dull, weak and lower and there
was an absence of outside trading. The re-
ceipts seem to be falling off now at all primary
markets, and the receipts of winter wheat
will probably show considerable falling of
from this time forward. From most sections
the local milling demand is taking all offer
ings of wheat at from three to five cents owe,
shipping basis. There is no improvement in
quality, only 80 per cent of the receipts grad
ing No. q November was very dull at 1888
@74Hc. December opened at 76c sold up
to 7615c, down to 7515c, and closed at 75%c.
January opened at 76$lc, advanced to n &c,
receded to 7614c and closed at that figure.
No. 2 spring, in car lots, was sold at 74(9
7414c. No. declined &c and closed at 6Oc.
No. 2 red winter was &c lower, closing at
75c, and No. sold at 63@64c.
Speaking of the effect of the election on
values, A. NJ. Wright said to-day: $50 far
as regards the election of either candidate to
the presidency, the legitimate effect on the
future of prices would be the same. AS
values must be governed more by legitimate
laws of supply and demand than by the sue
cess of political party, as there are no great
financial issues at stake that will influence
. the general business of the country
Corn was very irregular for near delivery,
but seller the year and long futures showed
little change The statistical position of The
market for cash and this months delivery
for contract grades was improved by
moderate receipts, small shipments and un
favorable weather for putting the new croI
in a marketable condition. The reported
stock in store also showed 4 heavy decrease
and early in the session prices advanced q
07sc on November, but the appreciation
was soon lost and closing sales were a
about the inside prices, while year and tht
distant futures were about &c under Mon
days last transactions. November opened
at 4235c, advanced to 43Ac and closed 6
4236c, the same as on Monday. Yea
opened at 39Ac, sold at 391Ec and closed a
S9Hc.
The Chandler, Brown Co. say: ''The Ions
interest is scattered and we think any weak
ening would cause heavy selling move
ment by holders Our advices indicat
good rec eipts of new corn this month. Th
claim being made that much of it will come
up to contract grade.n
Oats were quiet, but the market was stead
and prices a shade higher. November closin
sc higher at 2511c and May unchanged 3
29Ac.
Very little was doing in the provision pi
and the market was Gather weak in a gen
eral way. The opening was at about Nor
days close, but later there was a slight d.
cline and the market closed tame. Jan
uary pork was at one time 15c under Mor
day, but rallied 75Sc before the close
which the figures were S11.62H. FebruaI
closed re lower at s11 7215. Lard rule
21I@71Sc lower and closed tame at S7621
November and December $6.95. Ribs wei
nominally unchanged.
At the stocks yards the receipts
both cattle and hogs were light. Businei
was slow and unsatisfactory. The day VIZ
mainly devoted to the excitement over ele
ton returns and politics generally. Fat ca
tie were scarce and generally quoted %
higher than last week. At the opening of th
market the price of hogs advanced 5@10
at the finish the advance was lost, the mark
closing rather weak.