St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-22
fHE COMMERCIAL RECORD.
4 Hssitating and Quiet Wheat Market,
Prices Advancing a Point Over
Tuesdays Close.
fIorn and Oats Hold Tneir 0Wn-.-Eears
Pounding the Lite Out OF Pro-
visions.
financial Operations in the Monetary
Centers---The General Quota
tons.


EpcCldl 10 tllc
CHICAGO, Nov. 3l.--The comparatively
slight reaction of the wheat market to-day
after two weeks of dragging decline and
the break of over Sc Tuesday. would argue
that the bulk of The selling was long wheat
The quickly formed short interest made Itself
felt in the reaction of PC at one time to-day.
Altogether. the session was quiet one. Al
New York the dispatches represent the crowd
as cautious but more bearish than ever. and
arguing that prices must come down 10 an
exporting basis before n good feeling Will
again prevail. Pillsbury was out with u
statement that he was not bearish on
wheat, and that his bull letter
was in good faith. The one had
about as much effect as the other here. AT L
p. m. the price Of May was 81. IL, an advance
of 15sc over last night, and of 25sc over the
lowest point touched this morning Decem-
Der, having touched Sl-0434 early, worked
up to I0T-a good reaction if il had been at
any other time. Opinion was pretty eVenry
divided as to whether the bottom OF the long
decline had been reached. Receipts were
but forty-one cars. Wheat was a hesitalng
market At the close. There was decline OF
ssc from the top with May closing at S1.10Ss,
or l1.c over last night. the character OF the
corn market was much the same
as on the two days previous. OK
cept that business was lighter. Receipts
were SSl cars, with 113 cars of No. =. There
was some bidding up of prices without much
buying early for purpCso. The best feature
of the day was the strength in cash or No
vember stuff, which sold from $3.50 up to
doc or 10lsc closing at Zoe. December was
weak early at 37a4c, but sold up to 38Ac,
closing at 3Sc. May held about 3Ss4@3s1sc
all the session. The out inspection was 226,-
0uO bu. and charters to-day at S4c to But
falo were 22l,00O bu. There was
good interest in oats the greater part
of the session. The Milwaukee clique
brokers and shorts were buyers. Receipts
were but 81 cars. with but % ears No. 3
November was held at 26l4c nominal De
cember sold at 26A@2Gasc and 2Gl2@2Gtsc,
closing at 26l2c. May sold up to 3t's4c: clos
ing at 30l2c, as on Yesterday. PROVISIONS
were lower. The lard market was lower, and
local bears were too much for the trade.
January pork sold down TO S1447l2, closing
at SI455, with May S14.77l2, a decline of
closed 7l2Gl1Oc lower for deferred deliveries,
and January ribs lost 7l2c.
THE ROUTINE REPORT.
CHICAGO, Nov. 2l.-Trading in wheat was
active and The market. while weak early. de-
Veloped decided more strength later Shorts
was repetition Of the past few days, and
with heavy offerings, ls91c decline was
established at the start. But somebody was
absorbing the offerings and when some of
the heaviest shorts undertook 10 cover, there
was not much wheat found on sale. Sud
denly the sentiment changed and the result
was sharp and rapid rise in prices. Yester-
day it was rumored that some large lea lers
had been selling free OF long wheat and il
denial of these rumors today possibly had
tl,n,, on m
buying TO-DAY was credited. not alone to
shorts but also 10 prominent local trader,
who has figured conspicuously on the long
side. The opening was l2G94sc lower than
Yesterdays closing. rallied Immediately i2c,
then fluctuated with small range, selling
back 34c but later rallied 2l2c. sold off
slightly and closed about lac higher than
yesterday. Corn was moderately active at
times, though most of the session quiet
feeling prevailed. Trading was to consld
cradle extent local, not much outside bust
ness being transacted, ana fluctuations lin
tied 10 lsc range, with the exception of No
vembcr. Opening sales were al about yester
days closing prices, firm for a time then sold
off ssMI2c ruled irregular. and closed shade
better than on yesterday. In oats good spec
ulalive business was transacted, and although
an irregular feeling prevailed. prices on
the active futures, averaged 1SGGli cents
higher than Yesterday There was q liberal
supply of outside bnying orders, and operat-
ors as a rule wore quite bulljsh. Offerings
were not large except at the outside figures
when fair realizing was INDUCED IN and
caused decline of lass cents. Later the
feeling became fiImcr. slight rally followed
and the market closed steady. Not quite so
much doing in mess pork, and an easier feel
ing prevailed. Offerings not large. Prices
tluctuated within a range of 20 cents and
closed quiet at nearly inside figures Only
limited trade was reported i'll lard. and the
feeling was easier. Offerings were fair. and
the demand was light. Prices ruled 5@SII2c
lower and the market closed quiet Very
little business was transacted i'll short ribs,
and prices favored buyers.
THE GENERAL QUOTATIONS.
Wheat-No. = November opened at 81 .0134,
closed at 81 06S4: December opened at ST. O5,
closing at $l.07; January, 81 .04s4, closing
al S1.06$4; May Slos34, closing at $1.I05s.
Corn-No. 2 November opened at 39lsc,
at 3Sl2c; January. 36S4c, closing at 367sc;
May. 3SsIc, closing at 3S7sc. Oats--No. =,
November opened at 26Ac closing at 2614c;
December. 26$Sc, closing at 265sc: May,
BOISE, closing at 30l2c. Mess Pork, Per Bbl-
November closed at Sl4,55: December
uary, S14.55, closing at S14.55; May,
Sl4-5, closing at Sl4.77l2. Lard Per 100
Lhs-Novemeer opened at So. 37l2, closing
at So. 40: December closed at $500; Jan
nary, IS, 30, closing at SS.15; May So. 37l2,
closing at SS.32I2, Short Ribs, Per 100 Lbs
January opened at $7.45, closing at
$40; May, S765, closing at S7.6O:
Cash quotations were as follows: Flour, de-
mand light and prices unchanged. Wheat
No. Spring, .O6h@1.c6a4; No. spring,
95@93c: No. red, S1.06A6l1. 06s4. Corn
No. 2, 40c. Oats-No. 2. 2614@26ssc. Rye
No. 9, sac. Barley-No. 2, none. Flax
seed--No. /, Sl.5l. Prime timothy seed
81 so. Mess pork, per Dbl, $l4 5O@146O
Lard, per 100 lbs, $40. Short ribs sides
0oosel. S7.50@76O; dry sailed shoulders
(boXed) S7.31t2@a7.50; short clear sides
(boxed). S7.12l2@7.25. Whsky-Distillers'
finished goods, per gal, Sl.2O. Sugars-Cut
loaf, s4@sl2c; granulated. 5l2c; standard
A, ll4e. Receipts-Flonr; 25, 900 bbls; wheat
80, 900 bu: corn, IL 1000 bu; oats, 163. 900
bu; rye, 10000 bu: barley, IS, 600 bu. Ship
ments-Flour S,or0 bbls; wheat, $4,000
bu; corn, 100000 bu; oats, $4,000 bu;
rye. 1000 bu; barley. 1000 bu. On the
produce exchange to-day the butter market
was firm; Elgin creamery 34035c; choice
Western. 30@3lc; choice diaries, 22@25c;
common to fair, l6lI2lc Eggs firm; 2l922c