St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-12

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
somewhat better feeling. Wheat has ruled COM
paratiyely steady since our last fuctua-
tons, having been confined within
range of about lc The increase of about
$500 900 in the visible supply announced last
Tuesday had weakening effect. and the esti-
mated further increase of about the same guam
THY 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 SINH
cases, has been probably much exaggerated.
There are many operators, however, VINO 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 undercur-
rent of feeling that present low values present
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 APP
proxmate the acreage Of the next crop, and we
! learn from some, whose opinions entitled TO
respect, that deficiency of p per cent, as
compared with last year may be
expected. Added to this is the fact
that seeding has been as whole a 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 lacal.
For October delivery there sharp decline
in corn during the week, but this has been
! largely recovered. Prices touched 54c for a
short time, but to-day as high as 571sc was paid
the close, however, being at SIC. For Noyem-
Der $50 &c was paid few days ago, from which
figure ii dropped to 51Ac, but to-day good
portion of this decline was recovered. Year and
Nay delivery have both been stronger, outside
figures, however, not being maintained, These
deliveries close to-day at 43Ac and 115c 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 demoralizei
the majority of operators, there is now more
than the usual uncertainty in estimating the
probabilities which tend to curtail trade and
10 render traders nervous and uneasy.
Receipts show some falling off ana promise to
De very 4!9Ht unll4 SIHAeu WIN iiO4h 1HS AS''
crop is in the market and recent rain storms
throughout the corn belt, it is thought, viii re-
tard this somewhat. There has been much more
activity noticeable in oats during the past week,
and prices show some improve ment. Shipping
demand continues good, having since DER last
been in excess of the daily supply. Speculative
operations have been on liberal scale, and some
good buying has been induced by the deficient
yield reported from many interior points, a:
well as by the fact of much more liberal feel
ing than is usual at this season of the year.
May oats, as compared with May corn, do no
seem unusually attractive, but the general feel
ing is, we think one of the confidence"