St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-11-01
Oats Quarter Of a Cent Easier, Pork
and Lard Higher and Ribs
Somewhat Excited,
CHICAGO.
Ispeoial Telegram 70 the GIobe. |

tics but il he had been an astute observer be
would have noticed that between times there was
q little trading in wheat and corn and slight
furry at one time in ribs. Tomorrow is deliv-
cry day, and beyond some delivering and settling
up of trades little will be done, and when the
board adjourn it will be until next Wednesday,
when political chances will have become political
certainties.
Wheat was heavy and lower showing at the
close decline OF nose. Corn was very steady,
and at the close &c below yesterdays last
figures Oats were easier at u C lower on Octo-
Der and unchanged for May. Provisions were
shade higher on pork and lard and somewhat ex-
cited on ribs which advanced &c per pound on
this months delivery. No large line Of short
sales was unprovided for, but, owing 10 some
lots intended for delivery being rejected after
inspection the parties in control advanced prices
sharply. Closing quotations on the afternoon
board were: November wheat 73Sc, November
corn 42c May oats 29Ac, year pork sl15o, No
vember lard Sc seq, october ribs Sil, Noyem-
Der ribs $500.
There was little life in the wheat market to-
Say, as there were no new features on which to
base any huctuation Of moment in prices. The
tendency of the market was downward on heavy
offerings for that account by local traders. Some
large purchases were made by strong parties at
the decline. European sdyices were diEeourag-
ing to bulls. Foreign cables grow sicker ana
more disheartening. Liverpool to-day had
downward tendency, while Mark Lane was heavy
and neglected, with another Cd decline in Cali
fornia wheat off coast and on passage. or the
1900, 900 bushels of wheat afoat for the United
Kingdom one half is from California and Oregon,
1900, 900 bushels from India, less than 100000
bushels from Australia, and no cargoes from the
Baltic sea. Exports from the Black sea ports
are expected to decline IS per cent. The varia-
tons of the morning amounted TO &c, but later
on the market worked back and forth until Ssc
had been scored. Receipts here were less than
yesterday of both kinds Of wheat, but they were
some larger at ST. Louis about
the same at Toledo and less
aa Milwaukee The changes in the
New York and st. Louis markets were early
about as insignificant as they were here, although
New York reported $4,000 bushels bought for
export yesterday, with freight engagements
made for 24O. 900 bushels, but much of this had
been purchased previously. Quite number OF
large vessels were in that port and loading yes
terday. The day closed with the bears little
ahead, but neither had much to brag Of. Ed
Driver bet viii Graham yesterday $500 that cash
wheat would sell ct S1.25 before it would sell at
$40 cents. This is q bet that wheat will advance
so cents bushel before 1t declines cents. 1t
illustrates pretty well the distance between the
bulls and bears in this market just now. They
are SO far apart, indeed that they can't trade,
and between the divergence of views and politi-
cal excitement business goes begging.
commission man, whose name
Is known wherever grain is specialized
In showed the GLOBE correspondent his
trading book this morning. There were just
three little trades for the week, not enough
commissions earned to make one fourth of the
firms expenses. November opened at 74%c.
sold at 75c and down to 741zc at which it closed.
December opened at 1850, advanced to 1859,
then went down &c closing at 761sc. January
opened at II &c and sold up nc, then down and
closed at 769lc. No 9 spring sold at '4M@
74Sc cash. No. at 6OH@GOAc. No. red
winter declined 14c and closed at 75Mc. No. 3
closed at 54Kc.
Corn dragged about as badly as wheat and &c
covered all of its variations during the earlier
hours, but later it managed to huctuste sc.
There were, in fact no factors calculated to in
1uenco prices very strongly in either direction.
0What do you think of corn?'' was asked OF Q
trader, "a little stiff this forenoon, little
etif don't Think continued the gentleman
in an absent minded sort of way, ''that therel
be enough OF Blaine after election-but corni
oh, nothin doing, nothin' doing. Boys all ovel
there joining Cleveland club"
Liverpool was steady on corn and our receipts
were light, while cash corn was reported Al
strong in New York on a good consumptive de
mnnd. STILL no one feels very anxious to g
long on corn in the face of the new crop, while
the market is already SO low that few feel like
going short to any great amoun
DR. for any great length Of time
The expected corner in October corn failed
to naterialize altogether, and the m onth die
peacefully so far as the market was con
was concerned 1t would not be strong il tn
prices would have to go up some before tn
farmers begin to send in their new crop heavily
as it will soon be time to look for larger receipt
unless some obstacle blocks up the channel o
the inflow October was very dull at 41A6
42Ac. November which sold to a moderate ex
cent opened ut 42Lc and advanced to 425Sc, bu
receded when the shorts were filed and close
at 42c. Year deliveries were sold at 390394
and closed at 39lSc.
Oats continues steady and little easier
sympathy with wheat and corn, but there wei
were no large transactions in them. The clos
showed October Aclower at % &c, and May VI
changed at 29Ac
Provisions were moderately active generally
and very active as to October ribs in fact, thei
was little corner on them, which, Armour hi
the credit of engineering in his moments OF re-
reatlon. 1t was a rather small affair to Il
number squeezed, but those caught had to sett
at 81 advance per one hundred pounds fro
opening figures, and 90 so from last prices Gu
rent yesterday. The closing price, which WI
the highest, was S11. Pork was fairly active Il
the deferred deliveries and higher year going I
INC about the opening and 17Hc above yeste
avsa ha
January closed 12Hc higher than yesterday
$l1.6O. Trading in lard was quite brisk, al
there was an advance of 91l@5c, but il was N
sustained to the close, which was at the san
figures as on yesterday.
The winter packing season opens Nov. /. IT
following packing houses have already begi
operations: Anglo American, Armour, Botsfor
Davies & Atkinson, L. B. Doud & C. Ferguso
Hotely Bros, Jones & Stiles Murphy, SLIDER
Tobey & Booth, Underwood the Chicago Pac
ing and Provision company.
The new features in the heavy receipts of TIE
ans. both from the west and southwest At les
I2O cars of Texans and about ITO of northwel
srn rangers came in. This would make 1880
1000 Texans and rangers cut of the $500 FIRE
receipts for the day The general mark
showed considerable more life than for any d
5uring the week. The market opened rath
sasier on big western Texans, but choice lie
-anniue sorts direct from Texas were stead
Range stock underwent little or no change. T
Ntocker and feeder trade continues to rule d
and prices remain considerably lower than il
week, with the chances OF yet further declir
as all the yard spectators are loaded and 9
anxious sellers.
The hog market opened rather rmer
count of the sharp demand from spectators,