Telegram-herald., 1889-11-08

" - Il AZ -
ahs4t. fo1r and other markets have
changed bat lgle duug sne past week
somewhat weaker OWING to a conlnn-
oas t0a " wheat ia ths Northwest
The Only new features in the SITUATION
are free offerings " Russian gram n
tae English markets, ana zee news u
the change ID tae Government crop est
maIesia ta.s country.
Tie one Is sal 10 b. due 70 q desire
% place caIgoes % ~ taken by vessels
GA tleT last trips iron ports along tae
klseA sea coast. after Nhlch many of
tlem ale expected % come 90 our Al
faute shores. These boats ST. lii uudOuot-
edly carry away a great deal az our
wheat and corn during the winter.
They are already offering 70 do 50,
freely enough 10 cause a weak itel-u5
lu 0ceau freight rates.
There can he ltLe doubt that over
and above What WILL Dee wanted by
mllers, tne great bulk OF the crop
has already come n sight, and what ls
yet 10 spare undoubtedly bee pushed
forward as rap.dly a. possible before
tne winter weather become, TOO severe
ln tle OUcn country. Tn, is but "a
matter of few weeks and then the
trade may De .eft 10 watch the visible
supply reaching rs maximum much
sooner than itdid last year at the same
period, and may stop Tar short ot tie
quantity. IL is hardly possible that the
movement OF winter wheat during cold
weather can equal the demand tOI
domestic consumption.
The foreign demand Is then the prin-
ciplc that must be carefully studied as
a cloW 10 the ups and downs OF
prices. Tins may be expected O. show
itself quickest al the -four mills, but the
gram Will drop out OF sight just as fast
under that arrangement "a II il was
taken for export IN the berry. As %
the magnitude of that movement no
one can tell.
The present indications for a liberal
foreign demand are very encOur
aging, aud the indications are
that the wheat and flOuI
trade will receive a stimulus from the
reports that Americas visible supply
Will reach It's maximum atan early TIME
ports present substantial grounds fOl
encouragement 10 those who have fol
weeks past believed wheat To be wOrtl
more than 1t was selling for.
The visible supply OF corn Is reported
to have been reduced One-third during
the past few weeks, and Is now about
1900, 900 bushels less than a year age
now. Receipts are quite light at pres
ent prices, and It is limited that larg,
buyers are anxious for further de
cline.
1t is thought that the old corn isnear
ly used up, and the supply of the new
Will depend much on the weather. The
amount OF corn OF the present marke
is SO small as to make short selling o.
the near futures somewhat dangerous
1t is stated that it would require very
little capital to give the bears sharper
twist than any that has been witnessed
since the September corner in whea
last year.
Provisions are now selling below the
cost of production, and stocks are very
| low
There was hardly ever a better de
mand for purposes of consumption
/ than now exists for lard and meats
and this fact tends TO make a gOOC
market for hogs, preventing them from
| beng sold much lower.
Wheat closed active and strong las
night, cent higher at Detroit than
was on the 10Th, but ! cent off in Chi
/ cagO.
Good strength in cash corn.
Wheat receipts at Toledo yesterday
! 81 900 bushels in round numbers agains
| $4,000 bushels year ago today.
/ Wheat receipts at st. Louis yesterday
$4,000 bushels against $1,000 bushels
! year ago.
Wheat receipts at Duluth, 455, 90
bushels against $4,000 bushels yea
ago.
Wheat receipts at Minneapolis, 6l2,
! 600 bushels yesterday.
Wheat receipts at Detroit, $500
bushels against $4,000 bushels one yea
ago.