St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-13

was tendency to strength all around, but under
free offerings this soon gave place to weakness.
and the tone to-day in wheat and provisions has
been depressed, while corn and oats show a
somewhat better feeling Wheat has ruled COM
paratively steady since our last fuctua-
tons, having been confined within a
range of about L. The increase of about
2,5O0,OOO in the visible supply announced lasI
Tuesday had weakening effect and the esti
mated further increase OF about the same guam
tlty for the current week, to be officially an
nounced on Tuesday next, increases the timidity
OF traders, who are now generally expecting
lower range of values in the near future. There
has been some steady buying by strong parties
for many days, but this, as in all similar
cases, has been probably much exaggerated
There are many operators, however who are
disinclined to sell largely for future de-
livery at current values, and although
as noted week ago, there is nothing at present
IN sight which warrants any material improve
ment in the near future, there is an undercur-
rent of feeling that present low values present a
minimum of risk TO investors and there some
quiet buying of this kind going on all the time
Seeding in the winter wheat sections has now
sufficiently progressed to enable experts to ap-
proximate the acreage OF the next CROP and we
learn from some, whose opinions are entitled to
respect, that deficiency of 25 per cent, as
compared with last year may be
expected. Added to this is the fact
that seeding has been as a whole late one and
these considerations doubtless operate to induce
some buying of the long options by those who
believe in the property. Trading during the
week has been almost wholly local.
For October delivery there was sharp decline
in corn during the week, but this has been
largely recovered Prices touched SAC for
short time, but to-day as high as 571Ic was paid,
the close, however, being at SIC For Novem-
Der 552lc was paid few days ago, from which
figure it dropped to 51Ac, but to-day a good
portion Of this decline was recovered. Year and
May delivery have both been stronger outside
figures, however, not being maintained, These
deliveries close to-day at 432i and Al respect
lively. Trading has for the past week been very
unsatisfactory. The recent manipulation for
September, together with the existing uncer-
tainty as to what may be done in the current and
next ensuing month, having greatly demoralized
the majority of operators, there is now more
than the usual uncertainty in estimating the
probabilities which tend to curtail trade and
to render traders nervous and uneasy
Receipts show some falling off and promise to
be very light until graded corn from the new
crop is in the market, and recent rain storms
throughout the corn belt, it is thought, will re-
tard this somewhat. There has been much more
activity noticeable in oats during the past week,
and prices show some improvement. Shipping
demand continues good, having since our last
been in excess of the daily supply Speculative
operations have been Gu a liberal scale, and some
good buying has been induced by the deficient
yield reported from many interior points, as
well as by the fact of much more liberal feel
ing thanis usual at this season of the year.
May oats, as compared with May corn, do not
seem unusually attractive, but the general feel
ing is, we think, one of the confidence -