St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-17
wheat Without Encouraging Pros
poets, as Usual, Closing with a
Loss of About q Cent.
Provisions Quiet and Steady, Pork Be-
Ing Lower, Ribs Higher and
Lard Unchanged.
Vanderbilt Refuses to Support His
Own Stocks, and They Continue
Very Flat.
CHICAGO.
Special Telegram to the Globe. !

| CHICAGO, Oct. 16.-Speculation to-day
reached low ebb and the aggregate bust
ness transacted was very light. The leading
cereals were all lower, October corn taking
the lead with decline of 115c. Wheat
dropped 79@%c and October oats settled
! &c. Provisions were quiet and steady, the
changes being slight. Closing quotations
on the afternoon board were: November
wheat &c lower than yesterdays close at
roc, November corn sc lower at 515zc,
October oats nc 10 wer at 26c, October pork
Zoe lower at SIG, October lard unchanged at
1925 and October ribs sc higher at 1896.
| Wheat was destitute of supporting fea-
lures. The bear element was encouraged
early by foreign advices, En-
glish markets being quoted rather
easy with a downward tendency
New York was unchanged, but the fact that
there was no improvement there tended to
depress prices here, especially as the offering
on eastern account were quite large. Ex-
| porters in New York yesterday took about
| 104, 600 bushels and millers about 80, 900.
Receipts here were larger in winter and less
in spring, while in Milwaukee there was an
| increase and in Toledo and Baltimore fall
ing off. New York was &c lower and St.
Louis &c on November. The outside orders
were few and real business was limited, the
onlytactiVity being among scalpers. new
feature was developed, however, which points
| toward better things for the future. This
was a considerable demand for wheat at any
price from S5c down. The opening for May
wheat was S55sc, and the lowest point
reached to-day SAGE, still quite a number of
orders were filed at price not exceeding
the limit mentioned, and the market closed
firm at that figure. These orders are said to
come mostly from the outside and are for
| quite large quantities, all of which
leads to the impression that some
solid men look upon the future as
suspicious for bulls in wheat Farmers have
marketed their wheat with far greater rapid
ity this year than in former years when
prices were much higher Opening the new
| crop year with very small reserves of old
wheat, there has been shipped out of the
country of the new crop flour ncluded) over
| 1900, 900 of bushels. If foreign countries
draw from from US 40, 1000, 900 bushels this
crop year they will be taking all the surplus
we have to sell. The average of exports up
to the present time, if kept up, would amount
to about 200, 600, 900 for the year. Novem-
Der opened Nose lower at 764c, declined
to 76c, then frmed up towards the close of
the morning board and closed at 76Ac. In
the afternoon, however, this gain was lost
and the final close was at the lowest point of
the day. December opened at 7S16c, sold at
T9@7SHc, and closed on the regular ses-
sion at 773lc, and on the afternoon at
77Hc.
No new light has been shed on the corn
deal, and movements of that grain are as
| spasmodic and uncertain as ever Is the
corn clique selling out or is it simply milk
ing the market! This is what the crowd
would like to know. In the last few days
there has been drop of 394c per bushel. q
| big strain for tailers. For some DAYS past it
is understood that holders of the cash grain
have each night been selling privileges.
Sometimes they'd sell puts and sometimes
calls, but whichever way they sold they held
the market the next day, so at night they
We're in their privilege money and had no
grain either put or called.
at is hard to say now what the clique is
sdlu "a COTu 1neY SOiQ q
little corn yesterday, and the crowd got the
impression that they were selling out, and a
great lot of long grain came on the market
| The New York tailers unloaded to a man
The receipts continue small, and should be
afraid to go short.''
Il think" said VIII Graham, ''that the
holders are trying to unload"
A good many others hold this belief, too,
but to create just such an impression may be
the precise object of the clique.
The market at the opening was inclined to
| be slightly stronger, notably on November,
which opened at 52@521sc against close Of
! 523c yesterday, but there was scarcely any
outside demand, and prices gradually sagged
to 51Hc, and closed at size. October
opened at 311z@53s[c, and fell to close of
| 5215c. Seller the year opened at 42$<c, sold
in a small way at 43c, and closed at 4216c
No. 2 October sold at 522l9531c in car lots.
| G. s. Everingham & Co., say: "The i'm
preston seems to be gaining ground that the
CLIQUE are DESTROYS of parting with their load
and we think this is just what is wanted.
Some further decline in values may occur,
but We do not think the manipulation is over
! yet, and shall expect to see sharp advance
in prices again before the new crop can
move freely"
Oats were dull and sympathized with the
weakness in other grains. October opened
and closed at 26c, &c lower than the last
/ figures yesterday, and didn't leave that figure
more than &c during the day, May opened
and closed at yesterdays last quotations,
=. 4
a drop of 1lc.
Provisions could not have been much
duller and steadier than they were. Foreign
! quotations indicated q weaker feeling and a
decline of 81 in lard, but other articles were
unchanged, and eastern advices show ed no
material change. Pork closed quotably 25c
lower for October at $40 and 21zc lower for
year at S12.071z. Lard was unchanged at
S7.25 for October and $3.50 for year, and
ribs, in which nothing was doing, closed
nominally sc higher for October at $3.50 and
unchanged at S7.25 for November.
There was little or no change in the cattle
market. Natives were scarce as usual, and
range stock abundant, the fresh ar
rivals aggregsting $50 cars. There are
some excellent droves of range stock
on sale, and the best Montauas are making
S5(G5.40, and the second-cisss s4.5OQ4 so.
Wyomings are making S4.5oC95 for the best
and g 40@3-90 for seccnd-class- Texans,
S3.25G3-S0. Colorado Texans, So .30@3. 90.
Montana and Wyoming Texans, s3.509
3.75.
The hog market was fairly active, and
strong 5G10c higher on all sorts. There
were $4,000 TO "a. 900 on sale and packers