St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-17
The COMMERCIAL RECORD.
Bears Have Everything Their Own Way
in g. Lis.Iess and Embarrassing
Wheat Markets.
Corn and Cats Lag Triile, and hog
Products Show Marrow Plue-
tuations.
Financial Operations in The Monetary
Cen ers--The General Quota
lions.


Special to the Globe
CHICAGO, Nov. I6.-The wheat market for
the session WAS the least interesting for
weeks There was literally nothing new to
influence the crowd. The business was done
by professional operators and outside orders
We're Tie exception. The feeling here and at
outside markets was uniformly bearish as far
as the feeling was shown by transactions.
Those who firmly believe in higher prices
either think the time has not come tor the
further advance or are holding OF 10 take
greater profits 10y letting the bears pound
prices still lower. Exporters were sellers at
New York, and the speculative crowd feared
to short the market TO any extent. lhe
principal selling about noon here
was credited TO Jones, Kenneth and
Hutchinson. Opening prices which
were lse TO Mc over the close
were about the highest of the day. Decem-
Der started at 81. 1883, touched 81. 1874, and
at .. N. rested at S1.13. MAY started at
SI.l5la. touched 81. l55s, and at L p. m.
rested at 81. l4la. Lower than these figures
the market declined to go. Receipts were -
cars. There appears to be duilness al
tached to the efforts 10 pound the market
that does not make the bears enthusiastic,
and the fears of one-half the crowd TO go
short to any extent binders those WHO would
like to put May back 10 Sl.l0. Wheat con
t1nued dull and weak to The close, the last
sales fer May being at the bottom Tor the
day-Sl. 1112, or 7sc under last night The
corn pit Was the scene of very sloppy
transactions, narrow transactions, mar
row fluctuations and weak market
Corn for the month sold at L s4c early, bit
the demand was light, and, after setting
back TO 40l2c, it closed at that figure. De-
cember opened at SOC, Iac lower, and closed
at 3S34c, the bottom for the day May SOLD
at 3S7S and soc, closing at $3.50. Recelpts
were DDS cars. Oats had no interest 1or the
crowd. and the few trades in May were at
297Bc and 297st03 &c, closing us on Thurs DAY,
at 29Bc. hectipts, ~ cars. with ears NO.
.. Provisions were again quiet ana uhllter
esting with fluctuations narrow. January
pork closed 5c higher Than on yesterday, at
Sl470, having ranged at Sl4.65@l4.12l2.
January lard closed 2l2c higher, aud January
ribs showed the same gain. resting al ~ .41l2.
May lard closed at $3.50.
THE ROUTINE REPORT.
CHICAGO Nov. lU.-Irading i'll wheat was
spasmodic ana chiefly local. The market
was dull though there was considerable III
terest manifested al times. especially When
the lower prices wee reached. The situation
is practically Unchanged, and no new
features to note. be opening was about the
same as Yesterdays close. ruled easy. then
became finn, but there were Talr offerings
most of the session. under which prices de-
clned lie, barely changed, and closed about
7sc lower than yes, erdav. There WAS some
covering By large shorts, and possibly some
buying on long account, but the continued
weakness unul late in the session brought
out some of this long wheat again. which
assisted the weakness. The report that
the French deputies had decided TO dis
cuss the proposition for taking Off the duty
on imported wheat, may have had some
effect upon the market early in the day.
while Il rumor later that the proposition had
been withdrawn, helped to create the exist
ing weakness. Quietude was the chief char
acterisiic III corn. trading being Oh very
limited scale, and confined almost entirely
to local operators. The influences on the
market were almost a duplicate OF those yes
terday, the transactions of prominent local
operator. who was selling moderately OF
December and January. being about the only
feature of note. Initial trades were at yes
terday's closing prices, after which the mar
ket,becanle dtIli, and at times bore deserted
appearance, fluctuations being limited to
Ac, range, and at the close, prices
were l.0.l2c lower than yesterday. LII oats
moderate business was Transacted. Within
narrow range of values. The near futures
were neglected, the interest centerlng chiefly
in Nav delivery. Fair orders were received
to buy the latter at slight recessiOns from the
price asked holders however, were not dis
posed TO press sales. A quiet feeling pre-.
vailed and prices declined ls(mAc, but ralHed
and closed steady. Trading was only falr IN
mess pork, ard pEices were without material
change Trading was chiefly in January and
May contracts. Opening sales were maize at
Yesterdays closing figures, but prices rallied
5G 7lac later in the day and the market
closed STEADY. Only Al moderate trade was
reported in lard and the feeling was stronger.
Prices ruled about 2l2c higher and the mar
ket closed steady. Little interest was mani
tested in short rib sides. and trading was lin
tied. Prices exhibited very little change.
TIE GENERAL QUOTATIONS..
Wheat-No. y November closed at liz;
December opened at 81. 1898. closing at
81 12s4 January. 81. l2l2 ciosiDg'at 81. III; ;
May. 81. 15l2, closing at 81 .14l2. Corn-No. =,
November opened at 40S4c, closing at 40l2c;
December soc, closing at 3SS4c; January,
375sc, closing at 37l2c; May: 39c, closing at
soc Oats-No. >. November opened at
2Js4c, closing at 257Se; December closed
nj 26c; May, 297Sc. closing at 2978c: Mess
Pork, Per J}bl-November opened ut 81 4.60,
closed at Sl4.65; December SLIGO. closing
at S1465; january, $14.17l2, closing at
S147o: May, Sl4.93. closing at Sl5: Lard,
Per ! 90 Lbs-NUVember opened at SS. 2Gi2,
closing at s., %; December closed G at $50
January. $50, closing at S9.l2l2; May
closed at $3.50. short Ribs. Per 100
Lbs-January. opened at S7.45, closing
al SITE; May closed at S7.65.
Cash quotations were as follows; Flour neg
i isf:so' No ;" spriia 93@57c;S No. rgG.
Bl.1IA@1l2 Corn-No =, 40a4c. Oats
No. =. :.os4Gl26c. Rye-No. 2, soc. Barley
No. =, nominal. Flaxseed-No. L. SL51.
Prime timothy seed, firm Mess pork, per
Dbl, S14 GLE. Lard, per 100 lbs, So. i2
Short ribs sides Ooose). $3.50; dry salted
shoulders (boxed). 81 35@7.50; short clear
sides (boxed), Ss.I2lg@S.2 %. Whisky-Dis-
tillers finished goods, per gal, Sl.20. Sugars
standard y, Ac Receipts-Flour. 1000
bbls: wheat $4,000 bu; corn. 100000 bu:
oats. I06.0 900 bu; rye, 5000 bu; barley.
65, 900 bu. Shipments-Flour, 5000 bbls;
wheat. 80. 900 bu: corn, 264, oD0 bu; cats.
$4,000 bu: rye, 5000 bu: barley. 5S,E 90
bu on the produce exchange to-day the
butter market was firm and unchanged.
Eggs firm and unchanged.