St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-25
A Better Feeling Prevailing in
Cereals, Stocks and Pro-
visions.
Wheat, After Slight Fluctuations,
Closes With Something of
an Advance.
Corn Climbs Up Trifle, and Oats and Hog
Products Sell ut Higher
Prices.
Stocks Unsettled and Irregular. Closing
Higher, With the Vanderbilts
in the Rear.
CHICAGO.
lspee:al Te!egram % inc Globe


unprofitableis the phrase which best describes
the condition of the Chicago markets lately.
Day after day the same dull grind goes on
first UP a little then down a little, then up
and down until outsiders have become so dis
Sustcd that they wont operate at all, and
even the industrious scalping fraternity have
hard work to make their little profits on
quick turns. The worst part of the whole
business is Tia: there is no outlook for any
decisive change in the near future, unless
well backed CLIQUE begins to manipulate the
market. The commission brokers who make
a point of advising their customers sing the
same song they have been singing for weeks
past, and that song is in minor key.
at looks Us if prices were low enough,
buy on the breaks and sell on the bulges for
quick turn
''See nothing to warrant a higher range of
prices"
''Can expect no improvement until there
is a better export movement"
''Prices will not advance much until there
is marked falling off in the receipts"
These and score of similar phrases, are
daily given out in the way of advice, varied,
occasionally, by reference to manipulation
and a warning that in case that a deal is
manipulated it is unsafe to be on the wrong
side. In word the market is in a waiting
condition, and until some new factor is in
troduced there win probably be continuance
of the same limited see-saw, and the
same dullness. The morning session
to-day was void of interest, trading was light
and prices were lower, with the exception of
corn, which was shade higher. In the af-
ternoon there was more life, the markets
being fairly active and higher, wheat advanc-
ng &c on reports of increased export de-
mand in New York, and other articles fol-
lowing in greater or less degree.
The closing quotations on the afternoon
board were, November wheat, &c higher
than yesterdays close at. 74Ac; November
corn, 111c higher at 1870; May oats, sc
higher at 291Sc; year pork unchanged at
S1L721I; November lard, &c higher at
S7.O21I.
The wheat market continues heavy and
slow. The opening was dull and the fuc-
tuations during the morning session were
confined to 3sc.
Old Hutch sold, it is believed puts last
night on not less than 100000 bushels of
wheat. He sold two privileges which alone
aggregated 500, 900 bushels. 1t is said that
he is selling them every night on December
and when a paying figure is touched takes
the grain. This fact helped to sustain the
market as many would feel inclined to buy
against their puts if they got a
good chance to do so. Aside from this by
play, however, the market was essentially
weak Liverpool was ''dull'' and Mark
Lane ''quiet." Weather ine England fine
| and cooler. Our receipts were a little larger
in winter and about 100 cars less of spring.
At Milwaukee receipts were larger and at
Toledo less. New York early was steady on
wheat, and st. Louis &c lower. In the
afternoon the situation was little better,
word being resolved from New York that
twenty boat loads were taken for export. This
stimulated trade and also advanced prices.
November opened at 743sc, was very dull
during the moring session at 740o743sc and
| closed at 74c. In the afternoon it closed at
7424c. December opened at 76c, about the
figure of yesterdays close, sold at 755sc and
closed steady at 1854 in the morning, and at
! 761Ec in the afternoon January closed at n "a
against 1915 yesterday. No. spring sold
at 734@135Sc closed at 73Lc cash. No. 3
was unchanged and closed at 62@621Ic, No.
. red winter was 1@115 clover and closed at
| 741Ic and No. 8 closed at Csc.
Corn ruled quite dull at the morning ses-
sion, and although the inside prices of yes
terday were not reached the feeling was
weak and unsettled. This afternoon, how
ever, the market was very strong. The
clique which controlled the cash corn in
store here, made deliveries of about SOC, 900
bushels to-day on October sales This
seemed to relieve the market and dealers
who regard current values as safe are more
willing to operate, when stock is
loose on the market and available
for general shipment. good
export demand for corn was reported from
New York with quite large lot taken. but
ocean freight room was scarce. Liverpool
reported the corn market there as depressed
and = penny lower, which fact does not ex-
actly tally with brisk export demand. Still,
at present prices, there is said to be a good
! margin of profit for shipment of the cash
stuff, and undoubtedly shippers are taking
advantage of the existing situation. The
dread of what the clique may see fit to dc
binders active trading to greater or less de-
gree. This cool weather is doing wonders
for the new crop, aud after the 1st of No
vember doubtless the market will come dow
or 20 up to a more settled basis. 1t was re-
ported from New York that cash corn to ar
rive from Chicago was being offered there al
the present price of the November option
which would indicate that the sellers Of the
same thought the market was sure TO &c
lower.
Private dispatches received from the corr
producing section of Kansas and Nebraska,
say that there are large quantities Of new
paid is only zoe and the farmers are disposed
TO hold their products for better prices. Dc
tober opened at 43c. sold at 42}4c and closed
at the morning session at 425Se. but in the
afternoon went up TO close of 43%c. No
vember opened at 43c, sold at 49, &c then dowr
to sc aud closed at one O'Clock at 425Sc, bu
improved in the afternoon to 43Ic- Yea
ranged at 390639S4c closing in tie afternoon
at the outside figure.
y Murray Nelson was selling some corn, per
baps 200, 600 bushels. There was some gOot
buying for long account by Harris aud
others
Oats were quiet. Barclay s. Co, wer'
buying al 2s55c for May delivery and go
aboGt sc. 900 bushels. The close was 75'
higher than yesterday at 255{e for October
and 2e5sc for May.
Provisions exhibited but little life and ar
easier feeling prevailed during the morning