St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-11-03
Wheat Shows no Disposition to Adj
Yanees Materially, and Closes
About at Fridays Quota
tiOns.
Corn, Oats and Provisions Do Not Fluctuate
Sufficiently to Make Them In
terestIng.
The Stock Market DOSgedly Continues to
Refuse to Boom Under any Cir
stances Whatever.
CHICAGO
Especial Telegram to the Glose.I

bets and political missionary work occupied the
main attention OF the crowd. Wheat opened q
little OF, but closed quite steady and strong at
shade better prices than on yesterday. Corn was
steady bur inactive, and az the close was &c
lower for November and stronger for deferred
options. Oats were firm, inactive and about
steady. and provisions ruled slow and steady and
AZ the close showed slightly hrmer prices. No
vember wheat remained unchanged at 74hc, No
vem5er corn at &c lower st 4Iafc, May oats
unchanged at 29Ae year pork 2hc better at
Sii.5sA, November lard sc higher at S6.s7h.
November ribs SC higher at SOS. The deliver
les this morning amounted to 500, 900 bushels OF
wheat $4,000 bushels OF corn. No oats were
passed around.
Wheat opened up with a little squirt and gained
4 slight advance early which was subsequently
about all lost Liverpool was slow and Mark
Lane dull and neglected, with penny per GENITAL
decline in California. The receipts to-day were
about the same Of winter and larger Of spring.
New York and 81. Lonis early were is0Ac
lower, and private advioes said the markets were
heavy from the absence OF export orders, that
cables were depressed aud freight room scarce.
There was, as usual. an absence OF outside
orders, and trading was principally in evening
mp by operators who were not disposed to leave
trades open over sunday and in changing over
November TO future months at the premium for
carrying November. The market opened At
7fise, advanced 70 use. again settled and
closed 74l<c. December opened AZ 7Gc, ad-
vaneed sic and closed at 75Hc January opened
at 76sle went up to IKE, recedei and closed
al 56Se. No. spring sold in car lots at 745k0
74He. Cash and No. 3 were steady AZ 6OHG
60Ac. No. red winter closed at 754e and No.
3 at 64c.
"The bulls are hoping FOR a better demand
and higher prices after the election said A. NJ.
Wright, ''but il seems useless to look for any
material appreciation in values based on legiti-
mate Influences until better shipping inquiry
develops than has existed during the past two
months. Prices. however, are low and slight IN
Ruences OF 4 favorable character are likely TO
start values upward, but without the aid Of fac
tors OF substantial character it will be difficult
to support au advance"
Another operator said: sit is quite evident
that the intention is to put the market up as
much as possible on the strength OF the dimin-
ished acreage OF fall blowing which is reported
from Kansas and Dakota. II i a regular cut
and dried programme, aud no doubt viii be car
Fied out unless some accident happens 20 the
scheme. This VIII make prices better for the
time being, cut OF what Htiie export demand
there Is, increase the how OF receipts, and cause
4 regular blockade OF cash stuff II the policy is
continued long enough, but what do the bulls
care II they can have an opportunity 10 show
their old time grip and power on the market"
Corn at the ooening seemed disposed 10 follow
wheat to some extent, but the determination 70
advance prices cid not hold ont long. There is a
good steady consumptivc demand for corn at al
most all seasons Of the year, and while receipts
continue as light as they are now prices will be
someW hat firmly maintained Liverpool was firm
on corn and our receipts were 4 little larger than
yesterday, but still not heavy. In New York
the deliveries OF NOvem er were 10000 bush
els, which went into the hands Of shippers. The
market there and at -. Louis early was steady.
November declined u a. &C and the other options
remained almost stationary. The limited delivery
Of corn is believed by some to show that Weare
and his friends still have designs Of some kind
on this cereal. They were borrowing out corn
yesterday, the impression Is that they viii use
the cash stuff to bear the market. November
opened the same yesterday and closed NJ 420
42lsc, and advanced TO 42Sc, but weakened
when few shorts who were covering trades had
| hIled, and closed at 4f4c. Year WAS rather
slow 1t opened at s9e, sold at 391Ic, and closed
al soisc. The only trades OF any consequence
were sales by Field, Lindley & Co. OF about IO0-
!
about $4,000 bushels OF November by 3 en- Stauf-
fer at 4s5sc.
my customers, " said Mr. Bodman, "wlre me
to hold all the corn have got for them. They
believe, corn At present prices, Is bargain"
Oats remain steady and erm at slight variations
in price, sympataiziug. as a rule, more or less
with the leading cereals. November to-day
closed at 25 nc aud May at aoLc.
In the provision marke: there was fair de-
gree Of activity, with stronger feeling. and
/ prices were = vanced on all leading articles.
/ Foreign adviccs showed decline Of Cd on lard
! but other articles were unchsnged Pork wa
moderately active forJanusry but quiet for other
4 months but most opt!onc closed higher, year ad
vancing ssS 10 Sil.5e5s and January SC TO SI1.5J.
| February was Sc lower az sli.65. Lard was mod
erateiy active and November advanced SC to
/ SJ.S6is. December remained stationary at So 81
I and January dropped exc to SEQ Ribs were
I arnssr but qnies. November advanced Sc 10
/ 81. 9S. January was unchanged al S5Os5s and
/ February advanced 2iie to S5.O75s.
&. :. RyoFngham s. Co. sly: indications
| point 70 higher prices We have reason TO
change oar views on provisions completely, and
| strongly advise buying January pork or lard on
any reaction from current prices. While the
/ November run OF hogs will be liberal, It is now
thought they viii not be as large "a expected. -
At the stock yards there was about the average
Saturdays business. The receipts Of both cattle
and hogs for the day were light. and the de-
mand was about equal 10 the supply. There has
been a material decline in both cattle aud hogs
for the past week, both markets closing weak
and unsettled. yet the cattle trade ruled slightly
irmeF toward tho close. The receipts OF cattle
for the week will reach about ii, 900 and of hogs
about Iss, 600, much smaller number than was
anticipated week ago, and not much of an in
crease is looked for next week. The receipts Of
cattle for October show, when compared with
the corresponding month last year, decrease Of
ls,0e4, and Of hogs lT,s4s.
The average gross weight Of the hogs received
was 24l pounds, against 23S for September, and
$50 for October last year.
Hamill & Brice, In their weekly review OK the
market says: 'The past week has been one Of
dizziness and inactivity in grain, fluctuations
having been confined to 4 very limited range and
values At the close to-day being almost Identical
with those OF a week ago. Provisions were more
active. although speculative trading has been
light In the early part Of tue week prices
drapped sharply. the close, however. showing
no essential change from these current at the
date Of our last Fur both grain and provision.
(excepring wheat). there has been good ship
ping demand, which has tended to general re
duction of our stocks. The presidential election,
now close at hand, has been, here as elsewhere,
the prolific source Of discussion aud excitement,
and has doubtless to some extent diverted atte n
ton from customary business operations. This
however we think, Is insufficient
Of Itself to account for existing
apathy aud indiferepce, although exchanges ant
boards of trade all over the country. where larg,
numbers Of business men daily congregate, ars