St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-16
The COMMERCIAL RECORD.
Small Bulges and Declines i'll Wheat ne-
velop Strong Feeling at
the Close.
Corn and Gals Active and Lower---HOg
Products Declining in
Sympathy.
Financial Operations i'll the Monetary
Cen!ers---Th General Quota
tons.

Special TO The Globe.
CHICAGO. Nov. 15.-There was pretty gen
eral turning from the short 10 the long slde
OF wheat by the crowd today. There was
also some very good buying by parties who
for several days have been leading sellers.
There was an early bulge break OF lc, toi-
lowed by strong reaction, which promised
at D. m. to close the market strong, ana at
The outside for the day. May sold at S1.lo4
up to 81 155s back 10 Sl.l4SI, and again up
To 81. 1884 twenty minutes before the close.
The early bulge was OH rum0rs OF probable
removal of the duty by France and the little
war talk caused 10y the movement OF RUSSIAN
troops, which caused Il decline of 3-l6c III
consols. When these temporary Influences
,;ied out the price went of lie, and The sec
ond advance after II O'Clock was largely on
II change Of front by few operators.
Hutchinson, Mitchell and others were
bidding for wheat. and il was thought
that they were for The time dlscour-
aged on the bear side. The deal was purely
local. however. and the small bulges ana ue-
cljnes meant nothing to the outside Inc
conservative traders claim that the SITUATION
is sill very strong, bat that the sagglng OF
prices is natural on account OF the duiiness
were llG cars. There was realizing by buy
erS before the close, ana the price or May
closed at Sl15S3, or 34c over last night.
The charters were %, coo bushels. Corn was
plainly manipulated to-day, and Hutchinson
held the strings. Receipts were 2l3 ears,
with 81 cars of No. grade. Schwartz.
Dupec d Co. were the leading buy
ers early. November was sold at
4034c, December at 39S4c, May at
39S4. There was a weak feeling in flu
lures until IIutchison had cash corn up TO
Ale cents Ii then appeared that the market
was strengthened 10 sell on at least. Deem
Der and May were sold freely before the
close, and closed at 80 cents for both fu
lures. or So cents lower for December and Is
cent lower for May Charters TO day were
225, 900 bushels to Buffalo at cents. Oats
were fairly active and higher for the near flu
lures. Receipts, 1OS cars and $500 bushels
BY canal. Provisions were again narrow.
Hutchinson was a buyer of pork and lard
good share of the time, though his aggregate
purchases were not large. January porl; sold
at SlI.65 to SLID, closing at Sl4.65. or
Tl2 cents lower than yesterday. january
lard closed at So. IL and IBIS at SD.
THE ROUTINE REPORT.
CHICAGO, Nov. 15.-Thcre was a little more
doing in wheat to-day, outside business show
ing very slight increase, with trading prin-
eipaliy local. Prices were higher. the market
opening I261slc above Yesterdays closing,
and advanced sac more, then declined Use.
again recovered, selling to outside price,
back 24c, ana closed about Sac higher than
yesterday. The decline in consols was con
Strued to mean Il tight money market i'll Eu-
rope by some operators and war news by
Others the latter receiving some confirmation
by press dispatches reporting mobilization
of Russian troops, though this was claimed
10 he for no aggressive movement, but merely
Il precautionary measure The rumor that
the French government was considering n
proposition TO take off the duty on wheat
was also revived and helped TO strengthen
the market. Cut on the other hand came the
news'that more mills had shut down in the
Northwest and the receipts there showed an
increase. One thing which causes the fire.
qUent changes from weakness to strength. is
no doubt the fear of manipulation, ana Opcr-
ators although perhaps faVoring the short
side, as soon as the market shows little
strength, undertake to cover, and this helps
10 sustain the market at the present level.
December delivery sold most of the
day at about &c discount as compared with
May. Corn ruled quiet and inactive most of
the session, trading being of IL light local
character, with fluctuations confined within
5sc range. Opening sales were ut about yes
ter1ays closing prices. about which the
market became dull ana neglected, the &C.
zion of q large operator who was selling
December. January and May having q tend
encv TO prevent any extensive trading and
IL the close prices were ilG438c lower than
yesterday. oats exhibited more activity.
trading being well distributed Throughout
the entire session. \ frmer feeling de-
veloped in all speculative futures Shorts
were more GnXious 10 cover and prices ad-
vanced ls0i4c. At the advance. offerings in
creased, but the demand continued good. but
all the appreciation was not maintained I'LL
Ill Ia 0in 10 fn al