St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-14
The COMMERCIAL RECORD.
Bears of Panicky Proclivitiss Keep the
Wheat Market in a Condition
Of Uncertainty.
Corn Continues to Sag--.0ats Brighten
a LiitIe---Hog Products Dropping
Under Heavy Sales.
Financial Operations in the Monetary
Cen.eTs---The General Quota
tons.
Special to the Globe.


CHICAGO, Nov. l3.-The outside range on
May wheat up to one o'clock to-day was
81 137sMl. 1873 Very little was done at
either extreme, and the bulk of the trading
was around Sli4. The feeling here early
was as bearish as ever, but there was nc raid
on prices. In fact the readiness with which
offerings were taken and the strength shown
Mt outside markets made even the probes
sional traders cautious from the very start.
The lowest price of the session was soon
after the opening. when May went from
S1.l37s to l. 14s4. Here the covering stopped
for an hour ard the price went off l2c to
SI.l4la. At noon few Of the leading bears
were taken with little fright because the
decline was so slow, ard they turned buyers.
There was the liveliest market OF The day
for a few minutes, but the price went
I'D 10 S1.15?s or cents over the
bottom OF the morning. From TINS
there was second let-down to Sl.l3is. Az
/ p. M. December went Oh the bulge from
Sl.l3 TO Sl.14A. There was nothing new III
conditions. Receipts were 1l3 cars. Win
only five cars No. 2 spring. and only i6,Voo
bu inspected out of store. Primary receipts
w ere about $4,000 bu. There were 10 eX
port clearances at Atlantic ports. The adj
vance in prices at most points was not the
result of any special effort on the part OF the
bulls but fear ON the part of the bears. Inc
short interest is now an element Oh strength
in this market, and the houses which SOLD
the market down are likely to lead the buy
ing on the reaction already begun. The feel
ing in wheat the last ID minutes was lheaVy.
The corn market was at the mercy of the
bears to-day. While there was no ralding'
and no sharp decline, prices went gradually
;,l> ~, ca,ot nnn6itIOng
to help a reaction Irwin Green d Co. were
the leading sellers early, and Hutchinson OF
fered corn freely later. This caused the
crowd to weaken and the market suffered
accordingly The receipts were 355 cars for
two days, of which only rs cars graded No.
. Out inspection was $4,000 bu, and
charters to-day were 10000 bu. November
sold from 40ssc down to 40lsc, and closed at
4O14c; December 395sc down to 3eS4c, clos.
ing at 3S7sc; May 39lsc down to 3SS4c, clos
ing at 3S7sc Oats were fairly active and
closed la0ssc higher: receipts, 1913 cars and
1900 bu by canal Receipts of hogs proved
10 be comparatively heavy, and some Of the
professionals sold pork. in consequence.
January pork went to Sl4.60, closing at
$l467l3, or 7l2c lower than yesterday. May
closed at S1497l3 Lard and ribs were quiet,
closing a little lower.
TIE ROUTINE REPORT
CHICAGO. Nov. 13.-Wheat was unsettled
to-day. Yesterday the ma ority of operators
were very ..beaEish IN their views ana
change of sentiment, and parties who had
been rather free sellers the past few days
were disposed to cover and take III some OF
their short wheat. The demand from this
source was chiefly accountable for the adj
vance in prices to-day. Trading was fair,
but chiefly local. The opening was ls14c
below yesterdays closing figures, but rallied,
with slight fluctuations, for May, &c above
the inside figures reached. The advance was
gradual. There was some realizing at the
top prices of the day, which made II difficult
10 sustain the advance, and the weakness in
corn assisted in creating an easier feeling in
wheat, prices declined 4c, and just before the
close, there was sharp break OF Isc more.
This break was partially due to the closing
out of some long wheat bought early i'll the
day. and the closing was only about l2c
higher than the closing figures of yesterday.
The weaker feeling that was developed re-
Gently in corn wes continued to-day and
values reached lower range of prices. There
was little, if any. outside support TO the mar
ket, and local operators were not inclined TO
purchase to any extent Offerings were quite
heavy most of the session. large local
holder. together with one or two prominent
houses. were selling quite freely, while but a
limited demand existed The market opened
1sGDIc lower than it closed yesterday, sold
and closed 5s17sc lower than yesterday. A
large business was transacted i'll May oats
and higher range of prices established. The
bulk of trading was carly. offerings were
moderate, and the demand chiefly from
shorts" who in their efforts 10
cover advanced prices Sac. The APP
probation brought out liberal num-
Der of selling orders, and slight recessions
followed. Later the market became quiet,
but part of the appreciation was maintained
until the close. The far futures were COM
paratively quiet, but advanced ls0Ac i'll
sympathy with May. A fairly active trade
was reported in mess pork. especially during
the early part of the day. Prices ruled irreg-
ular, declining 12l2@15c early. with fair of
ferings and then rallying 5@7l2c and closing.
steady. Trading was mainly i'll January and
May deliveries, with transfers of contracts
at soc difference. Rather light trade was
made in the lard market ard the feeling was
easy. Offerings were not very large and de-
lnand only fair. Stocks gradually decreas-
ing. Prices ruled 2l2@5c lower and the
market closed quiet. Trading was somewhat
light stobk on hand-only 27oo, 900 hounds
and the light manufacture. the offerings
were small. The demand, however, was linn
tied and :he sales comparatively light The
prices ruled 2l2(05c higher and the market
closed quiet
THE GENERAL QUOTATIONS.
Wheat-No. 2 November closed at 81. 12I2;
December opened at S1.l3i2. closing at
Sl.l3i2; January, 81. lOl2, closing at 81: 1ss;
May, Ii, closing at 81. Hip. Corn-No. 2,
November opened at 40%c, closing at 40Ac;
December, $685. closing at 3essc; January,
:}sc, closing at 37I2c; May. 39isc, closing at
3S7sc. Oats-No. 2. November opened at
25Ac, closing at 253sc; December opened at
25lsc, closing at 25s4c; May, 299sc. closing
at 29s4c. Mess Pork, Per Bbl-November
opened ut Sl4.62i2. closing at Sl457i2; De-
cember, closed at S14.57I2; January,
S1I.62I2, closing at Sl46ll2; May.$15. clos
ing at $1497I2. Lard. Per 100 Lbs-Novem-
Der opened at $500, closing at IS. 17la: De-
cember closed at SS.07l2; January opened
at $50, closing at SS.O7l2; May, $s.25,
closing at $S.22l2. Short Ribs. Per
100 Lbs-November closed at $40;
January. s7.47la, closing at s7.45.
dull firm; unchanged. Wheat-No. =
spring, ST. 12l5: No 3 spring, s2@s6c; No. .
red, 81. 12l2. Corn-No. 2, 40Ac. Oats-No.
.. 25ssc. Rye-No. 2, 55c. Barley-No. q,
none. Flax>ced No. !. $1.51@l.5ll2.
Timothy Seed-Prime, Sl.50 for best. Mess
pork, per Dbl, Sl462I2@l4 IS. Lard, per
100 lbs, SO l7l201S.20. Short ribs sides
Qoose), $3.50; dry sailed shoulders (boxed),
$7.T5@S; short clear sides (boxed) $S.25
@S.37l2. Whisky-Distllers' finished goods,
per GAL S1.20 Sugars-Cut, loaf, S14@SIac;
granulated. 712c; standard a. IA. Re
eeipts-Flour 10000 bbls; wheat, $1,000
rye, 10000 bu; barley, 10000 bu. Ship
ments-Flour, 5000 bbls; wheat, 22.OUO
bu; corn. 10000 bu; oats, 17S,O00 bu;
rye, 5000 bu; barley. $4,000 blu. On the
produce exchange to-day the butter market
was higher Elgin creamery, 2sla@29c;
choice western, :.4@273c; choice diaries, 10
@22c; common TO fair, l1@19c. Eggs