St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-14
A Decline of 2 1-2 Cents Reg
iSteped at the Close Of
Wheat Dealing.
Corn Shrinks Nearly 2 Cents,
and Oats Decline In
Sympathy.
Moderate Trading in Hog
Products, the Market Clos
ing Very Tame.

CHICAGO, Nov. 13-Thc grain markets were
dull ana heavy early i'll the session.. and
weak. but very active, toward the close. A
decline OF 2i2c was registered at the wind-up
of the wheat dealing, lS4c was Topped OFF the
price of corn, oats suffered TO the extent of
Isc. and provisions weakened i'll sympathy.
The wheat market opened lover and not
very active. December sold at 9Slsc, and
May at $l.045s. These prices, being ssc
lower than the closing quotations OF the pre-
Vious day, induced some buying by the pre-
vious short sellers. and during the time of
gathering together the profits ON such trades
prices improved Isc. The tone of the mar
ket was heavy, and business was light, with
very little information coming 10 hand of
a nature TO disturb either of the parties
TO the deal. AS the statistical position of the
market has not changed materially, the al
tered tone of speculative sentiment must be
ascribed in great part to the stringeney of
money. The elevator men of the Northwest
are reported TO have held q meeting yesterday
at which they resolved that owing to the scare
lty of money they might in a short time be
compelled 10 issue scrip in payment OF wheat,
and were understood to be pre- pairing a circu-
lar for distribution embodying that PROPOSE
ton. IL was the circulation OF that piece of
Information, which, coming on top of the
previously existing Dependency Of the
bulls. caused the principal break of the day.
Previous 10 the receipt of the piece
OF news last referred to, heaviness
had already been induced by the
Cincinnati Price Currents usual weekly re-
port. estimating the available exportablc sur
plus from this years crop, including The old
reserves, ct $4,000, 90 bu compared with its
previous opinion that only 65 0O0, 900 blu
could be spared. Loves prices were said to
have been accepted TO affect sales of -four
and limits from abroad were reported to have
been lowered equivalent TO q reduction of
3Ac per bu on wheat. A purchase of 500 .
bu of wheat was made in Minneapolis to-day
by n Chicago elevator firm at lsc lower tina II
such wheat has sold there previously OH this
crop. Prices remained fairly steady at around
9TA@9Sc for December and ST. O4I2@1I .0434
for May for q considerable time, during which
trade was very light, but oward noon the
break Of the day started, and it continued
until December got down to 96c and May to
Sl.U234. TIL corn market was dull at
about 14c decline from yesterdays closing
figures at the opening. Hutchinson early in
the day sold some May corn at 5fssc. and
bought again when it declined to 54Isc, but
when the break below sic took place he
was not on hand. and consequently the
bears made short work of the decline, the
aforenamed heavy dealer having been for
days the only local operator of note who was
inclined to buy. The lowest prices of the
day were made in the last few minutes: May,
which in the early trading had sold to a mod
crate extent ut 54lec, declined to and closed
at o2s4c. Oats were traded III more freely, and
during the morning the market held
steady. After midday the weakness
and decline in wheat and corn induced in
creased selling and prices rcceded s4@7sc
from outside figures. At the decline trading
became active and q slight rally followed.
but the close was easy al about the inside
figures. Pork-A moderate trade was report
ed. Opening sales were made at about the
closing figures of Wednesday, but later
prices gradually reccded 1o@l7I2c and the
market closed tame. Lard-A fair trade was
reported. Prices receded 2I2@5c and the
market closed rather steady at the reduction.
Short Rib ~Sides-Trading was moderately
active. Prices receded 2l205c and the mar
ket closed rather quiet at inside figures.
The leading futures ranged as follows: