St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-10-31
November Corn Creeps Skyward an
Eighth of Cent, and Oats Tumble
The Same Amount.
Cork and Lard Rise Somewhat and Ribs Re-
main Unchanged at Wednes-
days Prices.
The Cliques Start Wall Street Fever at
the Close, and Mark Prices
up Rapidly.
CHICAGO.
Especial Telegram to the Globe.I

lows: november wheat IfNc, an dufdHce
Of &c, November corn 4218c, an advance of
&c, May oats 294c, decline of &c, Year
pork .3215, an advance of sc, November
ribs unchanged at $685..
Wheat opened weak and &c lower, but
the offerings were limited aud despite the
absence of support in the shape of outside
buying orders or higher prices
at other leading points a better feel
ing soon developed, and Influenced by
fair takings by one or two large local traders.
Prices appreciated M@5Sc from inside fig
ures, and closed at l p. N. at nearly the
highest quotations of the session and &c
over yesterdays last sales. In the afternoon
opening, transactions were at the outside
figure, but there was a break at the report
that the French government had placed an
import duty OF 10 per cent on wheat, and
prices broke about &c, closing only frac-
ton higher than on yesterday. Liverpool
was easier, and Mark Lane quiet. Receipts
here were larger than OF both winter and
spring and larger at Milwaukee, but less
at Toledo. New York early was H04c
lower on wheat and st. Louis higher to the
same extent. Exporters at New York yes
tcrday took $50, 600 bushels of wheat, and at
Philadelphia IS, 600. On the other hand a
large lot of long wheat was dropped in New
York yesterday afternoon, and party who
bought wheat in this market yesterday after
noon is said to have unloaded some this
morning. Ocean freight room at the sea-
board just now is scarce and dear. 1t was
reported that the current receipts of wheat at
Minneapolis this week would show large
falling off from last week, which would indi-
cate that the movement in the
northwest was diminishing in volume
The estimates of the statisticians on the re-
auction in acreage sown to winter wheat this
fall vary greatly, but there is little question
that the reduction is large enough to become
a factor in establishing an advance from the
present low range of prices when the extent
OF it becomes fully known. The continued
dry weather and extremely low prices are
reasons assigned for the decrease. Novem-
Der opened at 7415c, sold at 70 4 c and closed
at 7515c on the morning board and at 74Ic
IN the afterno DON. December opened at 7614c
SOLD up to re and closed ON the regular
board at 76I and in the afternoon at 1910
No. spring sold at 7424(975c cash, closing
at the outside figure. No. 3 was n shade
easier at G04@6lc. No 2 red winter was
steady at 5Gc and No. 3 at Csc, while rejected
sold at 50@51c.
wheat is ON the up grade again." said A. NJ.
Wright, this morning. 1.-THE men who have got
money are putting it into wheat for investment,
and they won't sell at present prices. There
seems to be sentiment very nearly unanimous
that wheat is bound TO 90 higher before next
There = the uSual of ccalniup
business. but the country is entirely out of the
market
Corn was weak early, but fair shipping
demand came in later, imparting a better
tone and causing some improvement in val
ues. The deferred options were fairly strong
all day, with little or no fuctuation, while
for the near deliveries strength and weak
ness alternated with the amount of offerings
and the anxiety of buyers or sellers. The
general tone of speculation in this grain
sympathiZes largely with that in wheat, but
stocks are decreasing, and in view of a
largely oversold market prices are not liable
to serious depression. All thoughts of another
squeeze seem to have vanished, and the mar
ket seems to be quietly resting on an actual
basis of merit and waiting for what the new
crop may develop
whats going on in corn?' was asked of
scaper his morning.
"Notaiu.;, was the detected reply bought
put and n call on corn last night with the
spread between them only 14c, yet FL not make
cent ont of the purchase. / never knew the
privileges to be selling so close to the market,
put never knew either the fluctuations to be so
narrow. Why, the market has not been now
more than Is away from last nights close
October opened at Al &c, ranged between
4lssc and 42c. and closed at the latter figure.
November opened at 42c, sold at 1890
4@9sc, and closed at 49, sc. Year sold at
So%9394c, and closed at 395Sc.
Oats were quiet and slow, but quite steady.
October ranged at 258@25J6c, closing at
the outside figure, which is Il above yester-
days close. May ranged at 29X@294c,
closing at the outside figure, which Was &c
below yesterdays close.
Considerable interest was shown in the
provision pit and there was steadier feel
ing and slight improvement in prices, ex-
cept-ln ribs. This strength was partially due
10 decreased receipts and higher prices of
hogs and partly to steadier foreign advices,
which quoted pork Is higher. Easter m mar
kets were quiet and steadier October pork
opened stronger at S11.27L and advanced
to close of Sissy. Lard was quite active
for November and later deliveries, and adj
vanced &c for the first named to St.. S21S.
December advanced 1c to $685. and January
to $685.. Short ribs were inactive with quite
decline, mainly on the afternoon board,
for the October option, the closing price of
which was $3.50, 65c below the last figures
yesterday. November was nominally un-
changed.
The cattle market was slow and dragging
from first to last, yet there were few more
buyers than yesterday, but there appeared to
be greater number of cattle than were
wanted. Prices generally on so called fat
cattle, or at least such as are classified as fat
cattle in the country, are 4O@5Oc lower than
week ago. Hathaway Il Jackson's buyer
was on the market to-day for the first time
In about two months and bought good Liv-
erpool cattle at about 25, and there was
nothing on the market that would bring over
1913. Westerns and Texans, which were
in fair demand, formed shout a quarter of
the receipts to-day. OF the latter there were
less than 100 cars. There were ten or twelve
loads of stock calves on sale, and for the
week so far there is an increase of nearly
l,S00 head over the same time last week.
For some cause or other the demand has sud
denly ceased. Last week the demand was
almost unlimited, but this week, and es-
pecially the past day or two, they have been
almost unstable, and are at least 81 10 -
per head lower than last week There was
an improved demand to the close of TIE